Creation of shareholder value : a comparison of economic value added (EVA) with traditional performance measures

Shotter, Magdalena; Brümmer, Leon; Dennis, C.; Boshoff, A.

dc.contributor.author	Shotter, Magdalena
dc.contributor.author	Brümmer, Leon
dc.contributor.author	Dennis, C.
dc.contributor.author	Boshoff, A.
dc.date.accessioned	2010-11-22T06:42:32Z
dc.date.available	2010-11-22T06:42:32Z
dc.date.issued	1998
dc.description.abstract	This study investigates the strength of association of Economic Value Added with Shareholder Value and compares this association to that of traditional performance measures. It examines the correlation between MVA and EVA as well as other indicators over a ten year period in respect of industrial companies listed on the Johannesburg Stock Exchange, and finds that the strongest correlation exists between MVA and EVA. The correlation over the period is however only 0.155 which is weaker than the correlation found by other studies. Earnings per share showed the second strongest correlation at 0.102.	en
dc.identifier.citation	Shotter, M, Dennis, C, Brummer, L & Boshoff, A 1998, 'Creation of shareholder value: a comparison of economic value added (EVA) with traditional performance measures', Meditari : Accountancy Research, vol. 6, pp. 301-317. [http://www.meditari.org.za]	en_US
dc.identifier.issn	1022-2529
dc.identifier.uri	http://hdl.handle.net/2263/15340
dc.language.iso	en	en_US
dc.publisher	School of Accounting Sciences, University of Pretoria	en_US
dc.rights	School of Accounting Sciences, University of Pretoria	en_US
dc.subject	Market value added (MVA)	en
dc.subject	Performance measures	en
dc.subject	Shareholder values	en
dc.subject	Economic value added (EVA)	en
dc.subject.lcsh	Economic value added -- South Africa	en
dc.subject.lcsh	Stockholder wealth -- South Africa	en
dc.title	Creation of shareholder value : a comparison of economic value added (EVA) with traditional performance measures	en
dc.type	Article	en