EVA momentum as a performance measure in the United States lodging industry

Mahoney, Richard L.

doi:10.31274/etd-180810-2397

Cited by 7 publications

(11 citation statements)

References 103 publications

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“…According to Mahoney (2011), Fayed & Dubey (2016, Nakhaei et al (2016) and Nugroho (2018), EVA momentum is calculated as follows:…”

Section: Economic Value Added Momentum (Eva Momentum)mentioning

confidence: 99%

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Financial Performance Appraisal Using Economic Values Added in Emerging Markets: Evidence from Egyptian Listed Firms

Omneya¹,

Ashraf²,

Eldin³

2021

JSS

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The effectiveness of conventional accounting methods used for firm financial performance measurement and analysis has been criticized. Theorists started to put forward modern financial performance measures although their significance is still under examination by the researchers. Therefore, this study aims to investigate the impact of three contemporary economic based measures; economic value added (EVA), refined economic value added (REVA) and economic value added momentum (EVA Momentum) on firm financial performance in addition to finding out the economic value added based measure with the highest explanatory power relevant to firm financial performance via conducting relative and incremental information content analyses. Data were collected for companies listed in the Egyptian Stock Exchange over the period 2010-2019 excluding the financial sector. Generalized Least Squares (GLS) regression is conducted using the statistical package of EViews-version 10. The results showed significant impact of all the economic value added measures on firm financial performance. In addition, it was found that REVA could be considered as the most effective economic measure in improving and explaining the financial performance.

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“…According to Mahoney (2011), Fayed & Dubey (2016, Nakhaei et al (2016) and Nugroho (2018), EVA momentum is calculated as follows:…”

Section: Economic Value Added Momentum (Eva Momentum)mentioning

confidence: 99%

“…Following EVA, Bacidore et al (1997) proposed refined economic value added (REVA) as a replacement for EVA. Lastly, in 2009, Stewart introduced EVA momentum as the most recent economic value added measurement, registered as a trademark of EVA Dimensions by Stern Stewart advancing earlier EVA work (Mahoney, 2011).…”

Section: Introductionmentioning

confidence: 99%

Financial Performance Appraisal Using Economic Values Added in Emerging Markets: Evidence from Egyptian Listed Firms

Omneya¹,

Ashraf²,

Eldin³

2021

JSS

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“…Industry practitioners, public company analysts, and investors use historic financial measures and industry-specific metrics to understand the past and to predict the future financial performance companies. Up till now, no single performance measure has been identified that captures the historic financial performance and explains the future performance of a firm [14].…”

Section: Performance Evaluationmentioning

confidence: 99%

“…EVA momentum -EVA Momentum is a registered trademark of EVA Dimensions. In 2009 EVA Momentum emerged as the newest EVA-related business performance measure‖ [14]. Stewart [30] stated that EVA Momentum is -the one ratio that tells the whole story‖.…”

Section: (8)mentioning

confidence: 99%

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Performance Evaluation Using Accounting Variables (Net Profit and Operational Profit) and Economic Measures

Nakhaei¹

2012

IJEEEE

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The paper seeks to examine the claim of economic measures advocate of their superiority as financial metrics compared with accounting measures. The paper uses a sample of public company accepted in Main market of Bursa Malaysia from 2001-2010, and will apply panel data regressions to test the relative information content of EVA, REVA, EVA Momentum and other accounting variables (NP and OP) and the incremental information content of EVA components in explaining market value added (MVA). The data will collect from Bursa Malaysia, Universiti Malaya (UM), and Universiti Tekonologi Malaysia (UTM). We will use historical and secondary financial data, and for testing the hypothesis will use cross-sectional time series data, ordinary least square (OLS), panel data regressions, multivariate regression, correlation coefficient, coefficient of determination using SPSS. This study is expected to clarify the relationship between accounting and economic measures with market value added as a company's performance, and it could help to public companies' owners/managers in their making decision and increasing their performance. In this article, the conceptual model is proposed.

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Theses and Dissertations Completed in Family and Consumer Sciences: 2011

Pucciarelli

Faith

2012

Family & Consum Sci Res J

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EVA momentum as a performance measure in the United States lodging industry

Cited by 7 publications

References 103 publications

Financial Performance Appraisal Using Economic Values Added in Emerging Markets: Evidence from Egyptian Listed Firms

Financial Performance Appraisal Using Economic Values Added in Emerging Markets: Evidence from Egyptian Listed Firms

Performance Evaluation Using Accounting Variables (Net Profit and Operational Profit) and Economic Measures

Theses and Dissertations Completed in Family and Consumer Sciences: 2011

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