Title: Modelling the relationship between firm's financial performance and its stock price in Indian context
Authors: Tarika Singh
Addresses: Prestige Institute of Management, Gwalior, B25 Colour Valley Coating India Ltd., Maharajpura Industrial Area, Pinto Park Gwalior, 424007, Madhya Pradesh, India
Abstract: Performance measurement has quite long been the area of study worldwide. The related studies focused mainly on comparison of traditional performance measures and economic value added to stock return. Many such studies were conducted worldwide using correlation analysis or regression analysis. First time in this context a modelling for traditional performance measures and economic value added with stock returns is done in Indian context using structural equation modelling. The results of the study have useful implications for corporates worldwide.
Keywords: performance management; economic value added; EVA; performance measures; India; financial performance; firm performance; stock prices; stock returns; structural equation modelling; SEM.
DOI: 10.1504/IJBSR.2012.049471
International Journal of Business and Systems Research, 2012 Vol.6 No.4, pp.413 - 430
Published online: 14 Nov 2014 *
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