Abstract
This study compares 10 widely used financial performance measures of stock return in the Australian stock market. The five financial measures are calculated on information provided in publicly available financial reports (accounting based financial measures) and the other five are calculated using market information as one of the key variable (market based financial performance). The sample includes companies from all major industries from 2001 to 2010. The panel data analysis shows that market based financial performance measures can better explain stock price variance compare to accounting based measures of financial performance. It has significance for researchers and practitioners seeking to select measures that can empirically explain the performance of company. It has also importance for shareholders tracking performance of companies in order to make profitable investments.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
