Through a cross sectional and time series analysis the paper provides a comparative investigation of audited versus non-audited performance indicators in term of incremental information content to assess future share price of European listed companies. Net Operating Profit expressed by EBIT and...

The paper investigates the relation between the Share Price and three performance indicators: Net Operating Profit expressed by EBIT, Cash Flow From Operation and Economic Value Added. The sample includes 42 listed industrial companies chosen in four European financial markets, such as United...