Economic Performance of Property Companies in Hong Kong

References

• Anctil , R. M. , Jordan , J. S. and Mukherji , A. 1998 . Activity‐based costing for economic value added® . Review of Accounting Studies , 2 (3) : 231 – 264 .
   Google Scholar
• Beneda , N. L. 2004 . Value operating assets in place and computing economic value added . The CPA Journal , November : 56 – 61 .
   Google Scholar
• Bowen , R. M. and Wallace , J. S. 1997 . Does EVA beat earnings? Evidence on associations with stock returns and firm values . Journal of Accounting and Economics , 24 (3) : 301 – 336 .
   Web of Science ®Google Scholar
• Chan , P. K. E. 2001 . “ Information contribution of economic value added of listed Hong Kong firms ” . unpublished MSc thesis, Faculty of Business, The Hong Kong Polytechnic University
   Google Scholar
• Chen , S. and Dodd , J. L. 1997 . Economic value added (EVATM): an empirical examination of a new corporate performance measure . Journal of Managerial Issues , 9 (3) : 318 – 333 .
   Google Scholar
• Demodaran , A. 1999 . Value creation and enhancement: back to the future . Contemporary Finance Digest , 2 (4) : 5 – 52 .
   Google Scholar
• De Villiers , J. 1997 . The distortions in economic value added (EVA) caused by inflation . Journal of Economics and Business , 49 : 285 – 300 .
   Google Scholar
• Edwards , E. O. and Bell , P. W. 1961 . The Theory and Measurement of Business Income , Berkeley, CA : University of California Press .
   Google Scholar
• Feltham , G. A. and Ohlson , J. A. 1995 . Valuation and clean surplus accounting for operating and financing activities . Contemporary Accounting Research , 11 : 689 – 731 .
   Google Scholar
• Feltham , G. A. and Ohlson , J. A. 1996 . Uncertainty resolution and the theory of depreciation measurement . Journal of Accounting Research , 34 : 209 – 234 .
   Web of Science ®Google Scholar
• Liow , K. H. and Ooi , J. T. L. 2004 . Does corporate real estate create wealth for shareholders? . Journal of Property Investment & Finance , 22 (5) : 386 – 400 .
   Google Scholar
• Milunovich , S. and Tsuei , A. 1996 . EVA® in the computer industry . Journal of Applied Corporate Finance , 9 (1) : 104 – 115 .
   Google Scholar
• O'Byrne , S. 1996 . EVA® and market value . Journal of Applied Corporate Finance , 9 : 116 – 125 .
   Google Scholar
• O'Hanlon , J. and Peasnell , K. 1998 . Wall Street's contribution to management accounting: the Stern Stewart EVA® financial management system . Management Accounting Research , 9 (4) : 421 – 444 .
   Google Scholar
• Ohlson , J. 1989 . “ Accounting earnings, book value, and dividends: the theory of the clean surplus equation ” . In Clean Surplus: A Link Between Accounting and Finance 165 – 232 . (edited by R.P. Brief and K.V. Peasnall), New York: Garland
   Google Scholar
• Ohlson , J. 1995 . Earnings, book value, and dividends in security valuation . Contemporary Accounting Research , 11 : 661 – 687 .
   Google Scholar
• Ooi , J. T. L. and Liow , K. H. 2002 . Real estate corporations: the quest for value . Journal of Property Investment and Finance , 20 (1) : 23 – 35 .
   Google Scholar
• Peasnell , K. V. 1982 . Some formal connections between economic values and yields and accounting numbers . Journal of Business Finance and Accounting , 9 : 361 – 381 .
   Google Scholar
• Preinreich , G. A. D. 1938 . Annual survey of economic theory: the theory of depreciation . Econometrica , January : 219 – 231 .
   Google Scholar
• Tully , S. 1993 . The real key to creating wealth. . Fortune , 20 September : 38 – 50 .
   Google Scholar
• Wallace , J. 1997 . Adopting residual income‐based compensation plans: do you get what you pay for? . Journal of Accounting and Economics , 24 : 275 – 300 .
   Web of Science ®Google Scholar
• Warr , R. S. 2005 . An empirical study of inflation distortions to EVA . Journal of Economics and Business , 57 : 119 – 137 .
   Google Scholar