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New Metrics for Value-Based Management

  • Couverture cartonnée
  • 240 Nombre de pages
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Two new depreciation-adjusted value metrics Mit einem Geleitwort von Univ.-Prof. Dr. Dr. habil. Wolfgang BeckerValue-Based Managem... Lire la suite
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Description

Two new depreciation-adjusted value metrics Mit einem Geleitwort von Univ.-Prof. Dr. Dr. habil. Wolfgang Becker

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.

Préface
Two new depreciation-adjusted value metrics

Auteur
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.

Contenu
Value-Based Management (VBM) and performance measures; review of the Economic Value Added (EVA®) concept; bias of residual income (and EVA®) caused by accounting depreciation; introduction of new value-based metrics using economic depreciation: CRI and CEVA; value-relevance study examining associations with stock prices

Informations sur le produit

Titre: New Metrics for Value-Based Management
Sous-titre: Enhancement of Performance Measurement and Empirical Evidence on Value-Relevance
Auteur:
Code EAN: 9783834918697
ISBN: 978-3-8349-1869-7
Format: Couverture cartonnée
Editeur: Gabler
Genre: Mathématique
nombre de pages: 240
Poids: g
Taille: H210mm x B148mm
Année: 2009

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