Yusbardini, Review Economic Value Added vs Firm Performance. Economic Value Added vs Firm Performance.
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Abstract
This study is comparing the relative terms of information content, incremental information content of accounting
models and discounting cash flow models. Where the model is represented by the accounting operating profit (OP)
and net income (NI), while discounting cash flow models represented by one of the methods of assessment in value
based management system that is market value added (MVA) and economic value added (EVA). The purpose of
this study is to test empirically the relative information content of EVA variables, OP and NI of the MVA and the
additional content of the information contained on EVA, OP, NI against MVA. Penelitian was conducted on 18
companies going public are included in the consumer goods industry. The analytical tool used in this research is
the pool least square regression between the dependent variables and independent variable. The results based on
the relative information content shows that EVA is able to explain MVA better in compared with NI and OP while
based on incremental information content, NI can explain changes in EVA and MVA in comparision with OP.
Finally, the results of this study proved that EVA is not the best measurmen of performance.
| Item Type: | Article |
|---|---|
| Subjects: | Penelitian > Fakultas Ekonomi |
| Divisions: | Fakultas Ekonomi > Manajemen |
| Depositing User: | Puskom untar untar |
| Date Deposited: | 08 Dec 2020 12:29 |
| Last Modified: | 08 Dec 2020 12:29 |
| URI: | https://repotest.untar.ac.id/id/eprint/13343 |
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