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Economic value added zur Prognose der Performance europäischer Aktien

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  • Heidorn, Thomas
  • Klein, Hans-Dieter
  • Siebrecht, Frank

Abstract

This paper shows that Economic Value Added (EVA) can be used to optimize the performance of european share investements. Investing in the top third relative EVA performers, leads to a significant outperformance. This is true for market and sektor investments. The best results were found for growth and technology. On the individual firm level the results are less convincing. For individual shares a large (>2,5%) positive EVA is a good indicator for outperformance.

Suggested Citation

  • Heidorn, Thomas & Klein, Hans-Dieter & Siebrecht, Frank, 2000. "Economic value added zur Prognose der Performance europäischer Aktien," Frankfurt School - Working Paper Series 27, Frankfurt School of Finance and Management.
  • Handle: RePEc:zbw:fsfmwp:27
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    File URL: https://www.econstor.eu/bitstream/10419/27795/1/331056410.PDF
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    References listed on IDEAS

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    1. Ecker, Thomas & Moormann, Jürgen, 1997. "Die Bank als Betreiberin einer elektronischen Shopping-Mall," Frankfurt School - Working Paper Series 4, Frankfurt School of Finance and Management.
    2. Cremers, Heinz & Schwarz, Willi, 1996. "Interpolation of discount factors," Frankfurt School - Working Paper Series 2, Frankfurt School of Finance and Management.
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    Cited by:

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    2. Yu, Xiaofan, 2011. "A spatial interpretation of the persistency of China's provincial inequality," Frankfurt School - Working Paper Series 171, Frankfurt School of Finance and Management.

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