Useful references

(please inform about additional useful references to the author esa@evanomics.com )

 

Literature

G.C. Biddle, R.M. Bowen en J.S. Wallace, Does EVA beat earnings? Evidence on 
associations with stock returns and firm values, Journal of Accounting and 
Economics, vol. 24, 1997, pp.301-336..

Bacidore, J.M. Boquist, J.A. Milbourn, T.T. Thakor, A.V. 1997. "The Search for the Best Financial Performance Measure". Financial Analysts Journal. May/June 1997.p.11-20.

Birchard, B. 1996. " 'Do it yourself': How Valmont Industries implemented EVA". CFO. Mar 1996. P. 34-40

Blair, Alistair 1997. "Watching the new metrics", Management today, Apr 1997, p. 48-50.

Brealey Richard A. & Mayers Stewart C. 1991. Principles of Corporate Finance. 4. Painos. McGraw-Hill Series in Finance. McGraw-Hill, Inc. NewYork.

M. Bromwich and M. Walker, Residual income: past and future, Management 
Accounting Research, 1998, vol. 9, p.391-419. (conceptual, critical review of 
the development of residual income-concepts since the 1960s)

De Villiers J. 1989. "Inflation, asset structure and the discrepancy between accounting and true return". Journal of Business Finance and Accounting. Volume 16, numb 1 Spring 1989, p.493-506

De Villiers J. 1997. "The distortions in Economic Value Added". Journal of Economics and Business. Volume 49, numb 3 May/June 1997, p.285-300

Dodd, James L; Chen, Shimin; 1996, "EVA: A new panacea?", Business and Economic Review, Vol 42; Jul-Sep 1996, p.26-28 http://research.badm.sc.edu/research/bereview/be42_4/eva.htm (20.12.1997)

Economist "Valuing companies: A star to sail by". The Economist. August 2nd 1997, p.57-59.

Ehrbar  Al;  EVA: The Real Key to Creating Wealth
Hardcover - 249 pages 1st edition (January 15, 2000)
Harvard Business School Pr; ISBN: 0875848001 ; Dimensions (in inches): 1.15 x
9.52 x 6.38

Gee, Andrew 1997, "Kingfisher executive compensation", CPS Alcair Global Review, Volume III, Number V, Spring 1997, p.7-8

Glasser, J.J. 1996. "How EVA works against GATX" Chief Executive. Jan/Feb 1996. P.42-43.

Grant J. L. 1996. "Foundations of EVA for investment managers" The Journal of Portfolio Management, Vol 23, Fall 1996, 41-48

Grant J. L.  Foundations of Economic Value-Added
 Frank J Fabozzi Assoc; ISBN: 1883249244 ; Dimensions (in inches): 0.34 x 9.05
x 6.02

Gressle, M. 1996. Abstract of "How to implement EVA and make share prices rise". Corporate cashflow. Vol 17 Mar 1996.p.28-30.

Günther T. "VALUE BASED PERFORMANCE MEASURES FOR DECENTRAL ORGANIZATION UNITS - A CRITICAL APPRAISAL ". Abstract of Günther's speech in 20th Annual congress of the European Accounting Association in Graz, Austria, 23.-25.4.1997 (University of Graz). http://www.bham.ac.uk/EAA/eaa97/abstracts/GUENTHER.HTM (6.11.1997). You can request for the whole paper by e-mailing directly to Prof. Dr. Thomas Guenther to: e-mail: guenth-t@rcs.urz.tu-dresden.de (Guenther has given a approval for this personally.) Other contact information: Prof. Dr. Thomas Guenther Lehrstuhl fuer Betriebliches Rechnungswesen/Controlling TU Dresden Mommsenstrasse 13 01062 Dresden Tel. xx49 351 463 3122 Fax: xx49 351 463 7712 www: http://www.tu-dresden.de/wwbwlbrw/rewehome.html

Günther T. "Unternehmenswertorientiertes Controlling Verlag Franz Vahlen, München ISBN 3 8006 2106 1

Harris, R 1996. "A study in sniping" CFO: The Magazine for Senior Financial Executives. Vol 12 Oct 1996, p.44

Jensen M. C, Murphy K. J., "CEO Incentives: Its Not How Much You Pay, But How," Harvard Business Review (May/June, 1990), pp. 138-153.

Jensen, M. C. 1993. " The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems". The Journal of Finance. 3/1993.p.831-880.

Jensen, M.C. 1986. "Agency costs of free cash flow, corporate finance and takeovers". American Economic Review. 76:2, 323-329

Kaplan, R.S. Norton, D.P. 1996. "Balanced Scorecard". Harvard Business School Press. Boston, Massachusetts. 1996

R.S. Kaplan and A.A. Atkinson,  Advanced Management Accounting (chapter 10: 
Financial measures of performance: return on investment and Economic Value 
Added), 3 ed., Upper Saddle River, NJ: Prentice Hall, 1998, p.499-523.

Klinkerman, S 1997. "Cast study: EVA at Centura Banks". Banking strategies. Vol 73, Iss 1, Jan/Feb 1997. P. 58-59. ABSTRACT

Kroll, Karen M 1997, "EVA and creating value", Industry week, Vol 49, Apr 7, 1997, p.102-109

Kurikka, V. 1997, "Eva ei ole hölynpölyä" Talouselämä. 33/1997.

Käppi, J 1996. "Corporate valuation: A note", Unpublished working paper. Helsinki School of Economics and Business Administration, Helsinki

Charles Lee, J. Myers, and B. Swaminathan "What Is the Intrninsic Value
of the Dow?" Journal of Finance Vol. 54 No. 5 (October 1999) pp.
1693-1741.

Lehn, K & Makhija, A. K. 1996. "EVA and MVA: As performance measures and signals for strategic change" Starategy and leadership. Vol 24 May/June 1996. P.34-38

Lukka K., Tuomela T-S. 1997, "Eva on ohjauksen työkalu" Talouselämä. 36/1997. P.75

Löyttyniemi, T. 1996. "Shareholder Value ja Economic Value Added". Presentation outline from the presentation of 10.6.1996. SEFEK/TIR

Martikainen T., Kallunki J-P.. 1997, "Lisäarvo on myös sijoittajan työkalu" Talouselämä. 37/1997.

Martin, Justin 1996. "Eli Lilly is making shareholder rich. How? By linking pay to EVA" Fortune. Vol134. Sep 9/1996. P. 173-174.

Myers, Randy 1996, "Metric wars", CFO, Vol 12, Oct 1996, p. 41-50

Nuelle, Frances 1996. "The two faces of EVA". Chief executive. January/February 1996. p.39

O'Hanlon, J, Peasenell, K, 1996, "Measure for measure", Accountancy – International edition, February, 44-46

J. O'Hanlon and K. Peasnell, Wall Street's contirbution to management 
accounting: the Stern Stewart EVA financial management system, Management 
Accounting Research, 1998, vol. 9, p.421-444. (conceptual/theoretical)

Ottoson, E. Weissenrieder, F. 1996. "Cash Value Added – a new method for measuring financial performance" Gothenburg Studies in Financial Economics. 1996/1. Available also (04.12.97): http://www.fwc.se/1/1_2.html

Pohjola, Matti 1997, "Tehoton pääoma"

Rappaport, Alfred, 1986. "Creating shareholder value: The new standard for business performance" New York. The Free Press, A Division of Macmillan Publishers. 1986

Jay R. Ritter and Richard S. Warr "The Decline of Inflation and the Bull
Market of 1982-1999" Journal of Financial and Quantitative Analysis Vol.
37, No. 1, March 2002, pp. 29-61.

A.W. Stark and H.M. Thomas, On the empirical relationship between market value 
and residual income in the U.K., Management Accounting Research, 1998, vol. 9, 
p.445-460. (empirical)

 Stewart, G. Bennet 1993. "EVATM: Fact and fantasy". Journal of applied corporate finance. 1993 P.6-19

 Stewart, G. Bennet 1990. The Quest For Value: the EVATM management quide. HarperBusiness, New York. 1990

 Storrie, Mark; Sinclair, David 1997, "Is EVATM equivalent to DCF?", CPS Alcair Global Review, Volume III, Number V, Spring 1997, p.5-6

Telaranta, T. 1997a, "On residual income variables and shareholder wealth creation." Master's Thesis. Helsinki School of Economics and Business Administration. Helsinki 1997.

Telaranta, T. 1997b, "EVA ei tuo lisäarvoa" Talouselämä. 32/1997.

Topkis, Maggie 1996. "A new way to find bargains", Fortune, Vol 245, Dec 2/1996, p.29

Torppa, P. Lumijärvi O-P. 1997, "Telaranta tutkiskeli evaa" Talouselämä. 33/1997.

Wallace J.S. 1997. "Adopting residual income-based compensation plans: Evidence of effects on management actions". Working paper, University of California, Irvine, CA.

Veranen, J. Junnila, P. 1997. "Lisäarvoa tuo vain joka neljäs yritys". Talouselämä. 20. p.28-31.

Virtanen, Kalervo 1975, "Pääoman tuottoasteen hyväksikäyttömahdollisuudet". Tehokas yritys. 5/1975.p. 97-113

Young David S., Stephen F. O'Byrne , Eva and Value-Based Management: A Practical Guide to Implementation, Hardcover - 493 pages 1st edition (December 15, 2000)
McGraw-Hill Professional Publishing; ISBN: 0071364390 ; Dimensions (in
inches): 1.52 x 9.25 x 6.29

 

 

*****Someone sent these below with a note: “could be interesting”

:
Value Based Management: The Corporate Response to the Shareholder Revolution
(Financial Management Association Survey and Synthesis Series.)
by John D. Martin, J. William Petty, William J. Petty
Hardcover - 249 pages 1st edition (January 15, 2000)
Harvard Business School Pr; ISBN: 0875848001 ; Dimensions (in inches): 1.15 x
9.52 x 6.38


The EVA Challenge: Implementing Value Added Change in an Organization
by Joel M. Stern, John S. Shiely, Irwin Ross (Contributor)
Hardcover - 240 pages 1 edition (February 2, 2001)
John Wiley & Sons; ISBN: 0471405558 ; Dimensions (in inches): 0.95 x 9.30 x
6.28


Driving Shareholder Value: Value-Building Techniques for  Creating Shareholder
Wealth
by Roger A. Morin, Sherry L. Jarrell
Hardcover - 320 pages 1st edition (January 15, 2001)
McGraw-Hill Professional Publishing; ISBN: 0071359583 ; Dimensions (in
inches): 1.27 x 9.29 x 6.28

 

  Author: Esa Mäkeläinen 20.12.1997

(Esa.Makelainen@evanomics.com  )