[HTML][HTML] Accounting valuation, market expectation, and cross-sectional stock returns

R Frankel, CMC Lee - Journal of Accounting and economics, 1998 - Elsevier
This study examines the usefulness of an analyst-based valuation model in predicting cross-
sectional stock returns. We estimate firms' fundamental values (V) using I/B/E/S consensus …

Economic value‐added: a review of the theoretical and empirical literature

AC Worthington, T West - Asian Review of Accounting, 2001 - emerald.com
With increasing pressure on firms to deliver shareholder value, there has been a renewed
emphasis on devising measures of corporate financial performance and incentive …

Accounting-based valuation: Impact on business practices and research

CMC Lee - Accounting horizons, 1999 - search.proquest.com
Valuation research, which focuses on the use of accounting information to estimate
shareholder value, has emerged as a central theme in the accounting research of the 1990s …

Australian evidence concerning the information content of economic value-added

AC Worthington, T West - Australian Journal of Management, 2004 - journals.sagepub.com
Pooled time-series, cross-sectional data on 110 Australian companies over the period 1992–
1998 is employed to examine whether the trademarked variant of residual income known as …

Corporate governance and alternative performance measures: evidence from Australian firms

PK Pham, JA Suchard, J Zein - Australian Journal of …, 2011 - journals.sagepub.com
We examine the extent to which individual monitoring mechanisms enhance firm
performance and shareholder value. We use a sample of Australian firms, from 1994 to …

Residual‐income‐based valuation predicts future stock returns: Evidence on mispricing vs. risk explanations

A Ali, LS Hwang, MA Trombley - The Accounting Review, 2003 - publications.aaahq.org
Frankel and Lee (1998) show that the value‐to‐price ratio (Vf/P) predicts future abnormal
returns for up to three years, where Vf is an estimate of fundamental value based on a …

The impact of split adjusting and rounding on analysts' forecast error calculations

WR Baber, SH Kang - Accounting Horizons, 2002 - publications.aaahq.org
This study finds that analysts' forecast data files, commonly used by accountants and
financial analysts to estimate market expectations about earnings announcements, contain …

Measuring value enhancement through economic value added: Evidence from literature

L Chari - IUP Journal of Applied Finance, 2009 - search.proquest.com
Shareholder value maximization has become the predominant goal of corporations in India
and the world over. This goal has gained further importance and focus in the recent years …

[PDF][PDF] The ability of EVA (Economic Value Added) attributes in predicting company performance

I Ismail - African Journal of Business Management, 2011 - Citeseer
In this study the major question is, can positive EVA (economic value added) outperform
negative EVA in predicting company performance and either the period of study may play a …

[BOOK][B] New metrics for value-based management: Enhancement of performance measurement and empirical evidence on value-relevance

A Holler - 2009 - books.google.com
Still today, the vast majority of the German DAX 30 corporations are explicitly com-ted to the
shareholder value idea. However, the stock return to shareholders is an inappropriate …