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Does EVA(R) beat earnings? Evidence on associations with stock returns and firm values

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  • Biddle, Gary C.
  • Bowen, Robert M.
  • Wallace, James S.

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  • Biddle, Gary C. & Bowen, Robert M. & Wallace, James S., 1997. "Does EVA(R) beat earnings? Evidence on associations with stock returns and firm values," Journal of Accounting and Economics, Elsevier, vol. 24(3), pages 301-336, December.
    • Handle: RePEc:eee:jaecon:v:24:y:1997:i:3:p:301-336
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    References listed on IDEAS

    as
    1. Laura Walbert, 1994. "The Stern Stewart Performance 1000: Using Eva™ To Build Market Value," Journal of Applied Corporate Finance, Morgan Stanley, vol. 6(4), pages 109-112, January.
    2. Stephen F. O'Byrne, 1996. "Eva® And Market Value," Journal of Applied Corporate Finance, Morgan Stanley, vol. 9(1), pages 116-126, March.
    3. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    4. Subramanyam, K. R., 1996. "The pricing of discretionary accruals," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 249-281, October.
    5. Easton, Pd & Harris, Ts, 1991. "Earnings As An Explanatory Variable For Returns," Journal of Accounting Research, Wiley Blackwell, vol. 29(1), pages 19-36.
    6. Gary C. Biddle & Gim S. Seow & Andrew F. Siegel, 1995. "Relative versus Incremental Information Content," Contemporary Accounting Research, John Wiley & Sons, vol. 12(1), pages 1-23, September.
    7. Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-333, March.
    8. Bowen, Robert M. & Johnson, Marilyn F. & Shevlin, Terry, 1989. "Informational efficiency and the information content of earnings during the market crash of October 1987," Journal of Accounting and Economics, Elsevier, vol. 11(2-3), pages 225-254, July.
    9. Wallace, James S., 1997. "Adopting residual income-based compensation plans: Do you get what you pay for?," Journal of Accounting and Economics, Elsevier, vol. 24(3), pages 275-300, December.
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