Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools

We compared the relationship between traditional financial measures and economic value based financial measures with created shareholder's wealth. A value based model is created to explore the degree of value creation in the organization. The paper contributes to the existing literature on perf...

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Main Authors:	Panigrahi, Shrikant, Yuserrie, Zainuddin, Noor Azlinna, Azizan
Format:	Article
Language:	English
Published:	Penerbit Universiti Malaysia Pahang 2015
Subjects:	HD28 Management. Industrial Management
Online Access:	http://umpir.ump.edu.my/id/eprint/13858/ http://umpir.ump.edu.my/id/eprint/13858/ http://umpir.ump.edu.my/id/eprint/13858/1/Empirical%20Analysis%20On%20Shareholder%E2%80%99s%20Wealth%20Creation%20Through%20Value%20Based%20Measurement%20Tools.pdf

id	ump-13858
recordtype	eprints
spelling	ump-138582018-08-29T04:53:01Z http://umpir.ump.edu.my/id/eprint/13858/ Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools Panigrahi, Shrikant Yuserrie, Zainuddin Noor Azlinna, Azizan HD28 Management. Industrial Management We compared the relationship between traditional financial measures and economic value based financial measures with created shareholder's wealth. A value based model is created to explore the degree of value creation in the organization. The paper contributes to the existing literature on performance measurement as it had used cross sectional pooled time series data for getting greater empirical certainty on the implication of EVA. Even though economic value added was significant support it has not been reported by the companies and has not been used by investors for the investment decisions. Hence managers are suggested to pay more focus on the importance of EVA and its benefits for the shareholder’s wealth creation. It was also found that earnings per share (EPS) as a traditional measure is still enables to measure shareholder's value creation. Thus it is important to perform a comparative investigation between EVA and EPS towards shareholder's value creation. The importance of EVA as an economic measure over traditional accounting measures that would result with an effective decision making and compensation process for managers as well as shareholders. Penerbit Universiti Malaysia Pahang 2015 Article PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/13858/1/Empirical%20Analysis%20On%20Shareholder%E2%80%99s%20Wealth%20Creation%20Through%20Value%20Based%20Measurement%20Tools.pdf Panigrahi, Shrikant and Yuserrie, Zainuddin and Noor Azlinna, Azizan (2015) Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools. International Journal of Industrial Management (IJIM), 1. pp. 1-11. ISSN 2289-9286 (Print); 0127-564x (Online) http://ijim.ump.edu.my/images/pdf/9.pdf
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HD28 Management. Industrial Management
spellingShingle	HD28 Management. Industrial Management Panigrahi, Shrikant Yuserrie, Zainuddin Noor Azlinna, Azizan Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools
description	We compared the relationship between traditional financial measures and economic value based financial measures with created shareholder's wealth. A value based model is created to explore the degree of value creation in the organization. The paper contributes to the existing literature on performance measurement as it had used cross sectional pooled time series data for getting greater empirical certainty on the implication of EVA. Even though economic value added was significant support it has not been reported by the companies and has not been used by investors for the investment decisions. Hence managers are suggested to pay more focus on the importance of EVA and its benefits for the shareholder’s wealth creation. It was also found that earnings per share (EPS) as a traditional measure is still enables to measure shareholder's value creation. Thus it is important to perform a comparative investigation between EVA and EPS towards shareholder's value creation. The importance of EVA as an economic measure over traditional accounting measures that would result with an effective decision making and compensation process for managers as well as shareholders.
format	Article
author	Panigrahi, Shrikant Yuserrie, Zainuddin Noor Azlinna, Azizan
author_facet	Panigrahi, Shrikant Yuserrie, Zainuddin Noor Azlinna, Azizan
author_sort	Panigrahi, Shrikant
title	Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools
title_short	Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools
title_full	Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools
title_fullStr	Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools
title_full_unstemmed	Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools
title_sort	empirical analysis on shareholder’s wealth creation through value based measurement tools
publisher	Penerbit Universiti Malaysia Pahang
publishDate	2015
url	http://umpir.ump.edu.my/id/eprint/13858/ http://umpir.ump.edu.my/id/eprint/13858/ http://umpir.ump.edu.my/id/eprint/13858/1/Empirical%20Analysis%20On%20Shareholder%E2%80%99s%20Wealth%20Creation%20Through%20Value%20Based%20Measurement%20Tools.pdf
first_indexed	2023-09-18T22:16:56Z
last_indexed	2023-09-18T22:16:56Z
_version_	1777415400150007808

Empirical Analysis On Shareholder’s Wealth Creation Through Value Based Measurement Tools

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