Economic Measures Outperform Accounting in Boosting Share Market Value
The study looked at how different ways of measuring a company's performance affect its stock market value in Abu Dhabi. They used two types of measures: accounting-based (like earnings per share) and economic-based (like market value added). Both types of measures were found to impact the stock market value, but combining all measures together had a bigger effect than looking at them separately. Market value added was the most significant factor affecting the stock market value of listed firms at Abu Dhabi Stock Exchange.