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New Metrics for Value-Based Management : Enhancement of Performance Measurement and Empirical Evidence on Value-Relevance / by Annette Holler
Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: SpringerLink BücherPublisher: Wiesbaden : Gabler, 2009Description: Online-Ressource (XXI, 217 p. 32 illus, online resource)ISBN:- 9783834984005
- 9783834918697
- HB144 QA269-272
- HB201
Contents:
Summary: Fundamentals -- Development of New Value-Based Metrics -- Applied Methods for the Empirical Research -- Results -- Discussion.Summary: 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.PPN: PPN: 1648691498Package identifier: Produktsigel: ZDB-2-SEB | ZDB-2-SMA | ZDB-2-SXMS | ZDB-2-SBE
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