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Beschreibung
The choice of financial performance measures is one of the most critical challenges facing organizations. The accounting-based measures of financial performance have been viewed as inadequate, as firms began focusing on shareholder value as the primary long-term objective of the organization. Hence, value-based metrics were devised that explicitly incorporate the cost of capital into performance calculations. Despite the increasing emphasis on these value-based measures, no definitive evidence exists of which metric works better than others, and on the extent to which any of them is superior to traditional accounting measures. In this scenario, the objective of this book is contributing to the ongoing dialogue on the appropriateness of different financial performance measures, by providing a systematic and updated review of the major value-based measures, by highlighting their respective strengths and weaknesses and by comparing the main international empirical evidence on theireffectiveness. This book can be a powerful tool for guiding managers and graduate students in the tangled forest of the existing metrics, by providing them with the quick, but adequate knowledge for consistently adopting them.
The choice of financial performance measures is one of the most critical challenges facing organizations. The accounting-based measures of financial performance have been viewed as inadequate, as firms began focusing on shareholder value as the primary long-term objective of the organization. Hence, value-based metrics were devised that explicitly incorporate the cost of capital into performance calculations. Despite the increasing emphasis on these value-based measures, no definitive evidence exists of which metric works better than others, and on the extent to which any of them is superior to traditional accounting measures. In this scenario, the objective of this book is contributing to the ongoing dialogue on the appropriateness of different financial performance measures, by providing a systematic and updated review of the major value-based measures, by highlighting their respective strengths and weaknesses and by comparing the main international empirical evidence on theireffectiveness. This book can be a powerful tool for guiding managers and graduate students in the tangled forest of the existing metrics, by providing them with the quick, but adequate knowledge for consistently adopting them.
Zusammenfassung

Includes a systematic comparison of the main value-based metrics by different perspectives

Summarizes the most important empirical evidence emerging from the international literature about financial metrics' effectiveness

Includes in a brief and quick book the comparison of the main value-based measures

Includes supplementary material: [...]

Inhaltsverzeichnis

Introduction.- Criticism of the accounting-based measures of performance.- Competing financial performance measures.- The metrics war.- Concluding remarks: strengths and weaknesses of the economic value measures.- Appendices.- References.

Details
Erscheinungsjahr: 2011
Fachbereich: Betriebswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Reihe: SpringerBriefs in Business
Inhalt: xi
73 S.
3 s/w Illustr.
73 p. 3 illus.
ISBN-13: 9788847024502
ISBN-10: 8847024501
Sprache: Englisch
Herstellernummer: 80125462
Einband: Kartoniert / Broschiert
Autor: Venanzi, Daniela
Hersteller: Springer
Springer Italia S.r.l.
SpringerBriefs in Business
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 235 x 155 x 6 mm
Von/Mit: Daniela Venanzi
Erscheinungsdatum: 02.12.2011
Gewicht: 0,149 kg
Artikel-ID: 106772575

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