Annette Holler

New Metrics for Value-Based Management (eBook, PDF)

Enhancement of Performance Measurement and Empirical Evidence on Value-Relevance

• Format: PDF

Produktbeschreibung

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.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Gabler Verlag
• Seitenzahl: 217
• Erscheinungstermin: 7. November 2009
• Englisch
• ISBN-13: 9783834984005
• Artikelnr.: 37400551

Autorenporträt

Dr. Annette Holler completed her doctoral thesis under the supervision of Prof. Dr. Dirk Schiereck at the European Business School (ebs) at Oestrich-Winkel, Endowed Chair of Banking and Finance. She works as a strategic management consultant.

Inhaltsangabe

Fundamentals.- Development of New Value-Based Metrics.- Applied Methods for the Empirical Research.- Results.- Discussion.