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Pursuing shareholder value : comparing the information content of EVA and accounting earnings
Bibliography: leaves 82-85.
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
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College of Accounting
2014
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| _version_ | 1867613307129561088 |
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| access_status_str | Open Access |
| author | Green, Brendan Richard |
| author2 | Uliana, Enrico |
| author_browse | Green, Brendan Richard Uliana, Enrico |
| author_facet | Uliana, Enrico Green, Brendan Richard |
| author_sort | Green, Brendan Richard |
| collection | Thesis |
| description | Bibliography: leaves 82-85. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/5633 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:34:03.682Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | College of Accounting |
| publisherStr | College of Accounting |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/5633 Pursuing shareholder value : comparing the information content of EVA and accounting earnings Green, Brendan Richard Uliana, Enrico Accounting Bibliography: leaves 82-85. This study provides independent empirical evidence of the strength of the relationship between changes in shareholder value and various financial measures of corporate performance. The objective is to assess whether adopting the goal of maximising EV A, instead of accounting earnings, enables management to more effectively pursue shareholder value. Firstly, the ability of EVA and accounting earnings to explain contemporaneous annual share returns is assessed. This relative information content issue is tested on a sample of 758 company year-ends from 1991 to 1997. Results indicate that accounting earnings explains 26% of the variation in cumulative abnormal returns. The comparative figure for EVA is less than 12%. This suggests that accounting earnings tends to dominate EV A in its association with share returns. 2014-07-31T12:14:27Z 2014-07-31T12:14:27Z 2000 Master Thesis Masters MCom http://hdl.handle.net/11427/5633 eng application/pdf College of Accounting Faculty of Commerce University of Cape Town |
| spellingShingle | Accounting Green, Brendan Richard Pursuing shareholder value : comparing the information content of EVA and accounting earnings |
| thesis_degree_str | Master's |
| title | Pursuing shareholder value : comparing the information content of EVA and accounting earnings |
| title_full | Pursuing shareholder value : comparing the information content of EVA and accounting earnings |
| title_fullStr | Pursuing shareholder value : comparing the information content of EVA and accounting earnings |
| title_full_unstemmed | Pursuing shareholder value : comparing the information content of EVA and accounting earnings |
| title_short | Pursuing shareholder value : comparing the information content of EVA and accounting earnings |
| title_sort | pursuing shareholder value comparing the information content of eva and accounting earnings |
| topic | Accounting |
| url | http://hdl.handle.net/11427/5633 |
| work_keys_str_mv | AT greenbrendanrichard pursuingshareholdervaluecomparingtheinformationcontentofevaandaccountingearnings |