Shen, Yongjian; Zou, Lei; Chen, Donghua - In: China journal of accounting research : CJAR 8 (2015) 3, pp. 213-241
This paper investigates the influence of the economic value added (EVA) performance evaluation, issued in 2010 by the … central state-owned enterprises (CSOEs). We find that EVA performance evaluation has some influence on the overinvestment of … overinvestment restraint. The value of cash holdings increases more for companies with better accounting performance. Thus, the EVA …
