Visaltanachoti, Nuttawat; Luo, Robin; Yi, Yi - In: Asian Academy of Management Journal of Accounting and … 4 (2008) 2, pp. 21-41
Prior studies show that Economic Value Added (EVA®) contributes little information content beyond earnings in explaining individual stock returns. Such findings might be attributed to the idiosyncratic measurement error of EVA in an individual company. We revisit the benefits of EVA by...
