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EVA Vs. résultat net : Quel contenu informationnel dans le contexte français ?

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  • Tayeb Saadi

    (CESAG - Centre d'études des sciences appliquées à la gestion)

Abstract

Le contenu informationnel des indicateurs d'évaluation comptable peut être estimé à travers la méthodologie des études d'association. Ces études cherchent à apprécier dans quelle mesure les performances boursières prospectives sont en adéquation avec les mesures comptables. L'objet de ce travail est de comparer, dans le contexte français, à travers la méthodologie des études d'association, les contenus informationnels respectifs du BPA et de la valeur économique ajoutée (l'EVA) quant à la création de valeur actionnariale. Des relations de type linéaire et quadratique sont testées entre les rendements boursiers et les indicateurs comptables retenus tout en tenant compte de l'influence de la phase du cycle de vie dans laquelle la firme se trouve. Les résultats empiriques ont montré la pertinence du contenu informationnel du BPA dans l'explication des rendements boursiers quelle que soit la phase de cycle de vie de la firme. Les résultats ont également montré la supériorité de la forme quadratique sur la forme linéaire simple.

Suggested Citation

  • Tayeb Saadi, 2007. "EVA Vs. résultat net : Quel contenu informationnel dans le contexte français ?," Post-Print halshs-00544950, HAL.
    • Handle: RePEc:hal:journl:halshs-00544950
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00544950
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    Cited by:

    1. Samira Demaria & Frédéric Marty, 2007. "Financiarisation, Evaluation et Information Comptable : De la création de valeur aux IFRS," Post-Print halshs-00266259, HAL.

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