A comparison between EVA and conventional accounting performance measures for listed companies in Malaysia

Author

• Sow Chen Wong, Universiti Malaya

Date of Award

1-1-2001

Thesis Type

Masters

Document Type

Thesis

Divisions

Faculty of Business and Economics

Department

-

Institution

Universiti Malaya

Abstract

This research was carried out with two primary objectives namely to investigate the relationship between Economic Value Added (EVA) and stock returns and how it compares with conventional accounting measures in explaining stock returns. The results indicate that there is a significant positive relationship between EVA and stock returns. Although the relationship is positive, it is relatively weak. All the accounting performance measures also exhibit a positive relationship with stocks. With regards to the ability of EVA in explaining stock returns, It was better compared to any of the accounting performance measures. The best accounting measure was price earnings ratio. Based on the result of this research, investors should pay more attention to EVA and manager should realign their performance measurement system to take into account EVA

Initial

snms

Additional Information

Dissertation (M.A) -- Faculty of Business and Economics, Universiti Malaya, 2001.

Recommended Citation

Wong, Sow Chen, "A comparison between EVA and conventional accounting performance measures for listed companies in Malaysia" (2001). Student Works (2000-2009). 654.
https://knova.um.edu.my/student_works_2000s/654

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.