Investor reactions to economic value added information in earnings announcements.
Chng, Joshua Tian Yi.
Tan, Jun Siong.
Tay, Jun Yuan.
Date of Issue2006
College of Business (Nanyang Business School)
Economic Value Added (EVA) has been propounded by many as a superior measure of company performance and shareholder value as opposed to traditional accounting measures like Earnings per Share (EPS). This study investigates investor reactions to EVA and EPS information released during earnings announcements. We also aim to establish the relative usefulness of EVA and EPS as predictors of stock performance.
Final Year Project (FYP)
Nanyang Technological University