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dc.contributor.authorOberholzer, Merween_US
dc.contributor.authorVan der Westhuizen, Gerten_US
dc.date.accessioned2015-02-02T13:05:16Z
dc.date.available2015-02-02T13:05:16Z
dc.date.issued2010en_US
dc.identifier.citationOberholzer, M. & Van der Westhuizen, G. 2010. The relationship between economic value added and data envelopment analysis based on financial statements : empirical evidence of South African listed banks. Management Dynamics, 19(3):29-41. [http://www.journals.co.za/ej/ejour_mandyn.html]en_US
dc.identifier.issn1019-567X
dc.identifier.issn1475-2875 (O)
dc.identifier.urihttp://hdl.handle.net/10394/13169
dc.description.abstractThe purpose of the study is to estimate the relationship between bank efficiency and the creation of shareholders' value. Annual financial statement reports are used to estimate technical, allocative and cost efficiency with the aid of two Data Envelopment Analysis (DEA) models (one mainly income statement-based and the other mainly balance sheet-based) for five banks listed on the Johannesburg Stock Exchange (JSE) over a 10-year period. The creation of shareholders' value is estimated by using Economic Value Added (EVA). The study found that there appears to be a weak relationship between EVA values and the efficiency estimates of the two DEA models. In addition, neither of the two DEA models is significantly superior as a driver for shareholders' value. Further research is needed to estimate why the efficient operation of a bank does not necessarily contribute to the creation of shareholders' value. Researchers may consider including different variables in their DEA model(s) or use variables with time lags.
dc.description.urihttp://reference.sabinet.co.za/webx/access/electronic_journals/mandyn/mandyn_v19_n3_a2.pdf
dc.languageen
dc.publisherThe Southern African Institute for Management Scientists
dc.titleThe relationship between economic value added and data envelopment analysis based on financial statements : empirical evidence of South African listed banksen_US
dc.typeArticle
dc.contributor.researchID10067450 - Oberholzer, Merwe
dc.contributor.researchID10055851 - Van der Westhuizen, Gerhardus


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