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267317

Evaluating the effects of conventional and modern performance metrics on shareholder value.

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Last updated: 04 Jan 2025

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إدارة الأعمال

Abstract

Abstract This study intends to analyze the influence of modern financial performance indicators on shareholder value and compare this effect with the effect of traditional financial performance measures, using a sample of 161 firms from 2014 to 2018 in the Egyptian stock market. The study used shareholders' value as the dependent variable and six independent variables including Economic Value Added (EVA), Market Value Added (MVA), and Tobin-Q ratio (Market Price to Book Value Ratio) as modern financial performance measures, and three traditional financial measures (Rate of return on average assets (ROA), Rate of return on owners' equity (ROE), and Earnings per share (EPS)). Using Pooled regression analysis, the research reveals that the rate of return on average assets (ROA) and the economic value added (EVA) showed a high correlation with shareholders' value.

DOI

10.21608/jces.2022.267317

Authors

First Name

Heba

Last Name

Mohamed Srour

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Affiliation

Assistant Professor of Finance, Business Department, Faculty of commerce, Tanta University, Egypt.

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Volume

13

Article Issue

3

Related Issue

37369

Issue Date

2022-07-01

Receive Date

2022-07-01

Publish Date

2022-07-01

Page Start

427

Page End

462

Print ISSN

2090-3782

Article File

JCES_Volume 13_Issue 3_Pages 427-462.pdf

PDF . 532.5kB

Link

https://jces.journals.ekb.eg/article_267317.html

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https://jces.journals.ekb.eg/service?article_code=267317

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11

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المقالة الأصلية

Type Code

986

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات التجارية والبيئية

Publication Link

https://jces.journals.ekb.eg/

MainTitle

Evaluating the effects of conventional and modern performance metrics on shareholder value.

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Article

Created At

22 Jan 2023