Does EVA beat earnings? Evidence on association with stock returns and firm values

Article Abstract:

Economic Value Added (EVA) is found to be generally outperformed by earnings with EVA components only marginally adding to the information content beyond earnings. EVA relative information content evaluation findings show that earnings are more highly associated with return and firm value. This shows that EVA does not dominate earnings in relative information content. Also, residual income and cash flows from operations also do not beat earnings.

Investor Relations, Usage, Profits, Return on investment, Value added, Rate of return, Corporate profits

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Teams, repeated tasks, and implicit incentives

Article Abstract:

Providing implicit incentives to work groups proves to be an effective means of improving group performance. A two-period incentive program to determine workload results in a better program that rewards individuals based on their team performance. Payment of managers based on performance leads to a group performance measure that gives managers incentives for supervising their own teams and helping other managers to achieve.

Management-Productivity, Management Compensation, Research, Management, Employee incentives, Work groups, Teamwork (Workplace), Executive compensation, Organizational effectiveness, Achievement motivation

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