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References

 

Literature

 

Biddle, G., Bwen, R.M., Wallace, J.S., 1996. Abstract of "Evidence on the relative and incremental information content of EVA, residual income, earnings and operating cash flow". University of Washington, Seattle, WA.

 

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.

 

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.

 

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

 

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)

 

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

 

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

 

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

 

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

 

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

 

 

 

Other references:

 

Amiri, Bozorg, Director, Synergy Management Consultants Finland SMCF Oy, 3.10.1997

Löyttyniemi Timo1996b, Director. Merita Corporate Finance. Helsinki 26.8.1996/22.10.1996

 

  Author: Esa Mäkeläinen 20.12.1997

(Esa.Makelainen@kyyppari.hkkk.fi )

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To the study of Economic value added as a management tool (176 kt, 48 pages)