Net Value Added as An Explanatory Variable for Returns
Abstract
This study investigates the usefulness of net value added in explaining stock returns of a sample of US firms. The results provide evidence that current and past levels of net value added or current and past levels of changes in net value added are associated with stock returns. A case may be made for the disclosure of value added information by US firms.
Citation
Riahi‐Belkaoui, A. and Picur, R.D. (1994), "Net Value Added as An Explanatory Variable for Returns", Managerial Finance, Vol. 20 No. 9, pp. 56-64. https://doi.org/10.1108/eb018492
Publisher
:MCB UP Ltd
Copyright © 1994, MCB UP Limited