New Metrics for Value-Based Management Enhancement of Performance Measurement and Empirical Evidence on Value-Relevance /

Value-Based Management, a widely applied reference for strategic management, aims at maximizing sustainable shareholder value creation. However, respective accounting metrics to measure the firm's wealth creation, such as residual income and Economic Value Added (EVA®), are distorted by account...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Holler, Annette (Autor)
Autor Corporativo: SpringerLink (Online service)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Wiesbaden : Gabler Verlag : Imprint: Gabler Verlag, 2009.
Edición:1st ed. 2009.
Colección:Unternehmensführung & Controlling,
Temas:
Game theory.
Strategic planning.
Leadership.
Macroeconomics.
Management.
Game Theory.
Business Strategy and Leadership.
Macroeconomics and Monetary Economics.
Acceso en línea:Texto Completo
Descripción
Sumario:Value-Based Management, a widely applied reference for strategic management, aims at maximizing sustainable shareholder value creation. However, respective accounting metrics to measure the firm's wealth creation, such as residual income and Economic Value Added (EVA®), are distorted by accounting depreciation, implying inconsistent investment disincentives. Annette Holler introduces two new depreciation-adjusted value metrics and illustrates the depreciation-related bias in a case study. Finally, a regression analysis adds to previous evidence on associations between value creation and stock returns as well as firm values.
Descripción Física:XXI, 217 p. 32 illus. online resource.
ISBN:9783834984005
ISSN:2628-5347

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