Overview
- 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: sn.pub/extras
Part of the book series: SpringerBriefs in Business (BRIEFSBUSINESS)
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About this book
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.
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Table of contents (4 chapters)
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Bibliographic Information
Book Title: Financial Performance Measures and Value Creation: the State of the Art
Authors: Daniela Venanzi
Series Title: SpringerBriefs in Business
DOI: https://doi.org/10.1007/978-88-470-2451-9
Publisher: Springer Milano
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: The Author(s) 2012
Softcover ISBN: 978-88-470-2450-2Published: 02 December 2011
eBook ISBN: 978-88-470-2451-9Published: 01 December 2011
Series ISSN: 2191-5482
Series E-ISSN: 2191-5490
Edition Number: 1
Number of Pages: XI, 73
Number of Illustrations: 3 b/w illustrations
Topics: Finance, general, Business Strategy/Leadership, Management