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.
| ISBN: | 9788847024502 |
| Publication date: | 2nd December 2011 |
| Author: | Daniela Venanzi |
| Publisher: | Springer Verlag |
| Format: | Paperback |
| Pagination: | 73 pages |
| Series: | SpringerBriefs in Business |
| Genres: |
Finance and the finance industry Business strategy Management and management techniques |
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.
Financial Performance Measures and Value Creation: the State of the Art features in the following genres: Finance and the finance industry, Business strategy, Management and management techniques
Financial Performance Measures and Value Creation: the State of the Art is available in Paperback
Financial Performance Measures and Value Creation: the State of the Art was written by Daniela Venanzi and published by Springer Verlag
Financial Performance Measures and Value Creation: the State of the Art has 73 pages
Yes it is part of SpringerBriefs in Business series
£40.49