An empirical study on the value relevance of economic value added in logistics

Yan Tong; Chuang Lu; Xiaoke Cheng

doi:10.1109/CISE.2009.5362924

An empirical study on the value relevance of economic value added in logistics

Yan Tong^*
, Chuang Lu
, Xiaoke Cheng

^*Corresponding author for this work

Beijing Institute of Technology
Central University of Finance and Economics
Beijing Jiaotong University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Motivated by the increased use and interest, we examine the value relevance of Economic Value Added (EVA) based on sample of Chinese logistics. Empirical evidence supports significant incremental information content of EVA compared with traditional performance measures, but the incremental information is not sufficient enough to support EVA dominating them. Nevertheless, the significant coefficients of the components of EVA give strong support for the application of EVA in logistics. So, logistics enterprises should include EVA in their evaluation system to reflect the real wealth creation for shareholders, while traditional measures still in use at the same time.

Original language	English
Title of host publication	Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009
DOIs	https://doi.org/10.1109/CISE.2009.5362924
Publication status	Published - 2009
Externally published	Yes
Event	2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009 - Wuhan, China Duration: 11 Dec 2009 → 13 Dec 2009

Publication series

Name	Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009

Conference

Conference	2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009
Country/Territory	China
City	Wuhan
Period	11/12/09 → 13/12/09

Keywords

Economic value added (EVA)
Logistics
Value relevance

Access to Document

10.1109/CISE.2009.5362924

Cite this

Tong, Y., Lu, C., & Cheng, X. (2009). An empirical study on the value relevance of economic value added in logistics. In Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009 Article 5362924 (Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009). https://doi.org/10.1109/CISE.2009.5362924

@inproceedings{793cc98f70f54123ae1cf47fe836ee54,

title = "An empirical study on the value relevance of economic value added in logistics",

abstract = "Motivated by the increased use and interest, we examine the value relevance of Economic Value Added (EVA) based on sample of Chinese logistics. Empirical evidence supports significant incremental information content of EVA compared with traditional performance measures, but the incremental information is not sufficient enough to support EVA dominating them. Nevertheless, the significant coefficients of the components of EVA give strong support for the application of EVA in logistics. So, logistics enterprises should include EVA in their evaluation system to reflect the real wealth creation for shareholders, while traditional measures still in use at the same time.",

keywords = "Economic value added (EVA), Logistics, Value relevance",

author = "Yan Tong and Chuang Lu and Xiaoke Cheng",

year = "2009",

doi = "10.1109/CISE.2009.5362924",

language = "English",

isbn = "9781424445073",

series = "Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009",

booktitle = "Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009",

note = "2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009 ; Conference date: 11-12-2009 Through 13-12-2009",

}

Tong, Y, Lu, C & Cheng, X 2009, An empirical study on the value relevance of economic value added in logistics. in Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009., 5362924, Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009, 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009, Wuhan, China, 11/12/09. https://doi.org/10.1109/CISE.2009.5362924

An empirical study on the value relevance of economic value added in logistics. / Tong, Yan; Lu, Chuang; Cheng, Xiaoke.
Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009. 2009. 5362924 (Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

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AU - Tong, Yan

AU - Lu, Chuang

AU - Cheng, Xiaoke

PY - 2009

Y1 - 2009

N2 - Motivated by the increased use and interest, we examine the value relevance of Economic Value Added (EVA) based on sample of Chinese logistics. Empirical evidence supports significant incremental information content of EVA compared with traditional performance measures, but the incremental information is not sufficient enough to support EVA dominating them. Nevertheless, the significant coefficients of the components of EVA give strong support for the application of EVA in logistics. So, logistics enterprises should include EVA in their evaluation system to reflect the real wealth creation for shareholders, while traditional measures still in use at the same time.

AB - Motivated by the increased use and interest, we examine the value relevance of Economic Value Added (EVA) based on sample of Chinese logistics. Empirical evidence supports significant incremental information content of EVA compared with traditional performance measures, but the incremental information is not sufficient enough to support EVA dominating them. Nevertheless, the significant coefficients of the components of EVA give strong support for the application of EVA in logistics. So, logistics enterprises should include EVA in their evaluation system to reflect the real wealth creation for shareholders, while traditional measures still in use at the same time.

KW - Economic value added (EVA)

KW - Logistics

KW - Value relevance

UR - https://www.scopus.com/pages/publications/77949741539

U2 - 10.1109/CISE.2009.5362924

DO - 10.1109/CISE.2009.5362924

M3 - Conference contribution

AN - SCOPUS:77949741539

SN - 9781424445073

T3 - Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009

BT - Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009

T2 - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009

Y2 - 11 December 2009 through 13 December 2009

ER -

Tong Y, Lu C, Cheng X. An empirical study on the value relevance of economic value added in logistics. In Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009. 2009. 5362924. (Proceedings - 2009 International Conference on Computational Intelligence and Software Engineering, CiSE 2009). doi: 10.1109/CISE.2009.5362924

An empirical study on the value relevance of economic value added in logistics

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Keywords

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