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An empirical study of inflation distortions to EVA

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  • Warr, Richard S.

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  • Warr, Richard S., 2005. "An empirical study of inflation distortions to EVA," Journal of Economics and Business, Elsevier, vol. 57(2), pages 119-137.
    • Handle: RePEc:eee:jebusi:v:57:y:2005:i:2:p:119-137
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    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. Ritter, Jay R., 2003. "Behavioral finance," Pacific-Basin Finance Journal, Elsevier, vol. 11(4), pages 429-437, September.
    3. Steven A. Sharpe, 2002. "Reexamining Stock Valuation and Inflation: The Implications Of Analysts' Earnings Forecasts," The Review of Economics and Statistics, MIT Press, vol. 84(4), pages 632-648, November.
    4. 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.
    5. Cohn, Richard A & Lessard, Donald R, 1981. "The Effect of Inflation on Stock Prices: International Evidence," Journal of Finance, American Finance Association, vol. 36(2), pages 277-289, May.
    6. Charles M. C. Lee & James Myers & Bhaskaran Swaminathan, 1999. "What is the Intrinsic Value of the Dow?," Journal of Finance, American Finance Association, vol. 54(5), pages 1693-1741, October.
    7. Madden, Bartley, 1999. "CFROI Valuation," Elsevier Monographs, Elsevier, edition 1, number 9780750638654.
    8. Machuga, Susan M & Pfeiffer, Ray J, Jr & Verma, Kiran, 2002. "Economic Value Added, Future Accounting Earnings, and Financial Analysts' Earnings Per Share Forecasts," Review of Quantitative Finance and Accounting, Springer, vol. 18(1), pages 59-73, January.
    9. Fama, Eugene F. & French, Kenneth R., 1997. "Industry costs of equity," Journal of Financial Economics, Elsevier, vol. 43(2), pages 153-193, February.
    10. French, Kenneth R & Ruback, Richard S & Schwert, G William, 1983. "Effects of Nominal Contracting on Stock Returns," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 70-96, February.
    11. 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.
    12. de Villiers, Johann, 1997. "The distortions in economic value added (EVA) caused by inflation," Journal of Economics and Business, Elsevier, vol. 49(3), pages 285-300.
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    Cited by:

    1. Frank Richter, 2011. "Barwert von Cashflows und Residualgewinnen bei unsicheren Inflationserwartungen," Schmalenbach Journal of Business Research, Springer, vol. 63(5), pages 430-457, August.
    2. Jiří Kučera & Marek Vochozka & Zuzana Rowland, 2021. "The Ideal Debt Ratio of an Agricultural Enterprise," Sustainability, MDPI, vol. 13(9), pages 1-17, April.

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