... in themarketplace which also represents an opportunity for value creation. © MCB UP Limited 2001 EMU Economic conditions Value added Mergers and acquisitions Pricing Europe Volume 27 Number 9 2001 41 The Euro as an Opportunity for Value Creation by Jose Blanco, St Mary s College, California (USA...

...Ahmed Riahi‐Belkaoui; Ronald D. Picur Outlines the valuation models of Ohlson (1995) and Feltham and Ohlson (1995), which relate share prices to accounting data, and develops a version which substitutes net value added for earnings. Tests it on 1978‐1995 US data and shows that it is better than...

...Gary C. Biddle; Robert M. Bowen; James S. Wallace Traces the growth in the use of economic value added (EVA, previously known as residual income) and uses two previous research studies to assess some claims for its merits. Compares EVA’s ability to explain stock returns with that of earnings before...

...C.J. van Staden Notes the lack of research on value added statements (VASs) from the users’ perspective and their increased publication by South African listed companies. Reports a survey of representatives of all financial statement user groups in South Africa to assess their use of VASs...

...Serge Evraert; Ahmed Riahi‐Belkaoui Provides a useful summary of research on value added (VA) reporting and shows how income statements can be rearranged to show gross or not (of depreciation) VA. Starts with descriptive research on its use in various countries, enumerates its advantages...