Unternehmensführung & Controlling

New Metrics for Value-Based Management

Enhancement of Performance Measurement and Empirical Evidence on Value-Relevance

Authors: Holler, Annette

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eBook $84.99
price for USA (gross)
  • ISBN 978-3-8349-8400-5
  • Digitally watermarked, DRM-free
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  • Immediate eBook download after purchase
Softcover $109.00
price for USA
  • ISBN 978-3-8349-1869-7
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About this book

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.

About the authors

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.

Table of contents (6 chapters)

Buy this book

eBook $84.99
price for USA (gross)
  • ISBN 978-3-8349-8400-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $109.00
price for USA
  • ISBN 978-3-8349-1869-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
New Metrics for Value-Based Management
Book Subtitle
Enhancement of Performance Measurement and Empirical Evidence on Value-Relevance
Authors
Series Title
Unternehmensführung & Controlling
Copyright
2009
Publisher
Gabler Verlag
Copyright Holder
Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden
eBook ISBN
978-3-8349-8400-5
DOI
10.1007/978-3-8349-8400-5
Softcover ISBN
978-3-8349-1869-7
Edition Number
1
Number of Pages
XXI, 217
Number of Illustrations and Tables
32 b/w illustrations
Topics