Ernstberger, Jurgen; Egger, Florian; Giebelstein, Matthias - In: International Journal of Accounting, Auditing and … 6 (2010) 2/3, pp. 224-248
This paper examines the determinants of applying value-based performance measures like economic value added (EVA) and the impact of applying these measures on firms' returns. Our research design exploits a unique situation in Germany, where a regulatory change requires firms to describe their...