An Empirical Evaluation of The Relationship of Market Value Added with Internal Company Characteristics
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Department of Business Administration University ofBenin Benin City
Abstract
Description
The window dressing of jinanc/al statements creates problems for
investment decision making. This necessitates the use of other measures
that capture the fundamental economic reality of the organization. This
paper seeks to examine the relationship between market value added and
the internal performance characteristics and how this affects share
prices.
The paper using OLS regression technique shows that Market Value
Added is highly correlated with Economic Value Added than other
internal company characteristics. The import of this is that, for
management to increase market value added it must concentrate on
increasing its Economic Value Added
Keywords
H Social Sciences (General)