Is refined economic value added more associated with stock return than accounting measures? The Malaysian evidence

• Main Authors: Nakhaei, H., Hamid, N. I. N., Anuar, M. A., Nakhaei, K.
• Format: Article
• Published: Akademiai Kiado Rt. 2016
• Subjects: HG Finance
• Online Access: http://eprints.utm.my/id/eprint/73797/; https://www.scopus.com/inward/record.uri?eid=2-s2.0-84961730106&doi=10.1556%2f204.2016.38.1.5&partnerID=40&md5=5fe507d5eb330d0960cdf98ddd2123aa

The paper tests the hypothesis on whether refined economic value added (REVA) is highly associated with stock return compared to traditional performance measures. The goal of the study is to provide empirical evidence on the relative and incremental information content of REVA and traditional perfor...