TY - GEN
T1 - Empirical study on the effectiveness of engineering management tools
T2 - 2009 IEEE 16th International Conference on Industrial Engineering and Engineering Management, IE and EM 2009
AU - Chen, Lin
AU - Qiao, Zhilin
PY - 2009
Y1 - 2009
N2 - EVA and FGV are new tools for performance measurement and engineering management. The paper tests the value relevance of EVA, FGV and traditional performance measurements such as ROE, EPS, and CFOPS. Ohlson model, relative information content test and incremental information content test are used to do the work. The result of relative information test shows that FGV's relative information content is largest. It is more highly associated with corporate value than EVA, EPS, ROE, and CFOPS. Although EVA is also associated with corporate value, it is not as remarkable as EVA advocator's proposed. The result of incremental information test reveals that EVA and FGV all have significant incremental information content. It also suggests that EVA and FGV have significant incremental explanatory ability to corporate value. And FGV has more incremental explanation than EVA.
AB - EVA and FGV are new tools for performance measurement and engineering management. The paper tests the value relevance of EVA, FGV and traditional performance measurements such as ROE, EPS, and CFOPS. Ohlson model, relative information content test and incremental information content test are used to do the work. The result of relative information test shows that FGV's relative information content is largest. It is more highly associated with corporate value than EVA, EPS, ROE, and CFOPS. Although EVA is also associated with corporate value, it is not as remarkable as EVA advocator's proposed. The result of incremental information test reveals that EVA and FGV all have significant incremental information content. It also suggests that EVA and FGV have significant incremental explanatory ability to corporate value. And FGV has more incremental explanation than EVA.
KW - Engineering management
KW - EVA
KW - FGV
KW - Performance measurement
UR - http://www.scopus.com/inward/record.url?scp=77949474624&partnerID=8YFLogxK
U2 - 10.1109/ICIEEM.2009.5344576
DO - 10.1109/ICIEEM.2009.5344576
M3 - 会议稿件
AN - SCOPUS:77949474624
SN - 9781424436705
T3 - IE and EM 2009 - Proceedings 2009 IEEE 16th International Conference on Industrial Engineering and Engineering Management
SP - 345
EP - 349
BT - IE and EM 2009 - Proceedings 2009 IEEE 16th International Conference on Industrial Engineering and Engineering Management
Y2 - 21 October 2009 through 23 October 2009
ER -