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Rendement boursier, création de valeur et données comptables:une étude sur le marché français

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  • Simon Pariente

    (Université de Toulouse 1)

Abstract

This paper studies the influence of value creation indicators on stock returns. Does the accounting information based on an EVA conceptual framework better explain the market perception than the classical accounting variables ? The data base has been built especially for this research using 70 companies' consolidated accounts for the period 1993-1997. From the empirical tests, the paper reveals the explanatory power of value creation determinants. Moreover, it gives a measure of the strong influence of classical accoun-ting variables (i.e., return on equity, volume of fixed assets, financial structure or growth opportunities).

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  • Simon Pariente, 2000. "Rendement boursier, création de valeur et données comptables:une étude sur le marché français," Revue Finance Contrôle Stratégie, revues.org, vol. 3(3), pages 125-153, September.
    • Handle: RePEc:dij:revfcs:v:3:y:2000:i:q3:p:125-153
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    References listed on IDEAS

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