Journal Published Online: 19 March 2018
Volume 46, Issue 6

Relationship among Market Value Added, Cash Value Added, and Corporate Governance: A Case of Taiwan during 2011–2012

CODEN: JTEVAB

Abstract

Traditional accounting-based performance measurement systems often fail to account for changes in firms’ economic substances. Scholars have argued that market value added and cash value added methods are better value-based performance measurement systems that accurately reflect economic substance. This article examines the relationship among market value added, cash value added, and corporate governance for Taiwanese-listed firms. The results show cash value added to have a positive relationship to the market value added. The corporate governance variables have a positive or negative moderation effect on the relationship between cash value added and market value added systems. The moderation effect of the corporate governance variables on the market value added differs from cash value added.

Author Information

Wang, Mao-Chang
Department of Accounting, Chinese Culture University, Taipei, Taiwan
Pages: 8
Price: $25.00
Related
Reprints and Permissions
Reprints and copyright permissions can be requested through the
Copyright Clearance Center
Details
Stock #: JTE20150467
ISSN: 0090-3973
DOI: 10.1520/JTE20150467