DO NEW PERFORMANCE MEASURES MEASURE UP? - Does EVA really predict stock performance? Not very well say these analysts who looked at the performance of 325 companies over a period of five years. They discovered that the residual cash flow method was more closely correlated to stock return than any other method
Year of publication: |
1998
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Authors: | Clinton, B.Douglas ; Chen, Shimin |
Published in: |
Management accounting. - New York, NY, ISSN 0025-1690, ZDB-ID 2063414. - Vol. 80.1998, 4, p. 38-43
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