文章基本信息

标题：Capacity of Future Earnings´ Prediction of EVA® in the Brazilian Public Companies
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作者：Andrei Aparecido de Albuquerque ; Mauricio Ribeiro do Valle
期刊名称：International Business Research
印刷版ISSN：1913-9004
电子版ISSN：1913-9012
出版年度：2014
卷号：8
期号：1
页码：38
DOI：10.5539/ibr.v8n1p38
语种：English
出版社：Canadian Center of Science and Education
摘要：This article aimed to verify empirically whether EVA ® provides incremental information for the future profit forecast of Brazilian publicly-traded companies. We used the technique of multiple linear regression with panel data unlike previous studies which using cross-sectional regressions. The results obtained allow rejecting the hypothesis that EVA ® provides incrementally useful information to profit forecast of Brazilian publicly-traded companies. In this work only the variables level of cash flow and accruals level showed statistical significance in the regression model. Furthermore, both represent the dismemberment of earnings per share (EPS) therefore, the results demonstrate that only the EPS is a relevant indicator to the future profit forecast.