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Economic Value-Added: A Review of the Theoretical and Empirical Literature

Worthington, Andrew C. & West, Tracey A. (2001) Economic Value-Added: A Review of the Theoretical and Empirical Literature. Asian Review of Accounting, 9(1), pp. 67-86.

Abstract

With increasing pressure on firms to deliver shareholder value, there has been a renewed emphasis on devising measures of corporate financial performance and incentive compensation plans that encourage managers to increase shareholder wealth. One professedly recent innovation in the field of internal and external performance measurement is a trade-marked variant of residual income known as economic value-added (EVA). This paper attempts to provide a synoptic survey of EVA’s conceptual underpinnings and the comparatively few empirical analyses of value-added performance measures. Special attention is given to the GAAP-related accounting adjustments involved in EVA-type calculations.

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ID Code: 2568
Item Type: Journal Article
Additional URLs:
Keywords: economic value, added, residual income, performance metrics
ISSN: 1321-7348
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200) > Banking Finance and Investment not elsewhere classified (150299)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Accounting Auditing and Accountability not elsewhere classified (150199)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2001 Emerald
Copyright Statement: Reproduced in accordance with the copyright policy of the publisher.
Deposited On: 21 Nov 2005
Last Modified: 05 Jan 2011 23:25

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