Investor reactions to economic value added information in earnings announcements.

Investor reactions to economic value added information in earnings announcements.

Economic Value Added (EVA) has been propounded by many as a superior measure of company performance and shareholder value as opposed to traditional accounting measures like Earnings per Share (EPS). This study investigates investor reactions to EVA and EPS information released during earnings announ...

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Bibliographic Details
Main Authors: Chng, Joshua Tian Yi., Tan, Jun Siong., Tay, Jun Yuan.
Other Authors: Bachmann, Ralph
Format: Final Year Project
Published: 2008
Subjects:
DRNTU::Business::Finance::Financial management
Online Access:http://hdl.handle.net/10356/10130
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Institution: Nanyang Technological University
Description
Summary:Economic Value Added (EVA) has been propounded by many as a superior measure of company performance and shareholder value as opposed to traditional accounting measures like Earnings per Share (EPS). This study investigates investor reactions to EVA and EPS information released during earnings announcements. We also aim to establish the relative usefulness of EVA and EPS as predictors of stock performance.

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