المستخلص: |
This study intends to analyze the influence of modern financial performance indicators on shareholder value and compare this effect with the effect of traditional financial performance measures, using a sample of 161 firms from 2014 to 2018 in the Egyptian stock market. The study used shareholders' value as the dependent variable and six independent variables including Economic Value Added (EVA), Market Value Added (MVA), and Tobin-Q ratio (Market Price to Book Value Ratio) as modern financial performance measures, and three traditional financial measures (Rate of return on average assets (ROA), Rate of return on owners' equity (ROE), and Earnings per share (EPS)). Using Pooled regression analysis, the research reveals that the rate of return on average assets (ROA) and the economic value added (EVA) showed a high correlation with shareholders’ value.
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