Download or read book The Relationship between the Market Value of a Company and Internal Performance Measurements written by John H. Hall and published by . This book was released on 1999 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely accepted that the primary objective or goal of a firm is to maximise the shareholders' equity. While there may be legitimate differences of opinion as to whether this is the sole motivation of a firm's management, it should without a doubt be a dominant variable in management's decisions.In management's attempts and decision-making to increase shareholder value as measured by the market value of a company, they continuously influence, directly of indirectly, those variables that affect shareholder wealth.It is thus of the utmost importance that those variables that influence shareholder value are stimulated in the most positive way in order to increase shareholder value to the utmost.In the literature part of this study, the emphasis fell not only on drawing a distinction between accounting-based models of determining shareholder value, but also on the fact that Economic value added (EVA) in particular, have distinct advantages in determining value created (or destroyed) by the management of a company. EVA can also be adjusted for inflation purposes or standardized in order to be an even more complete internal performance measure. However, other ratios or yardsticks which might have an influence on the market value of a company are also identified and placed alongside EVA as variables that can correlate with the market value of a company.Whilst EVA and other variables or ratios are internal measures of shareholder value creation, Market value added (MVA) is the external method of determining shareholder's wealth.The goal of this study is to determine which internal performance measures of a company correlate the best with its external performance measure as represented by the MVA of the corporation.In order to achieve the aforementioned goal, an empirical analysis was conducted. The research methodology, including the statistical techniques as well as the boundaries of the sample used, were set out. The results of the empirical analyses were reported and compared with the theoretical principles.The highest consistent positive correlation coefficient obtained was between MVA and EVA with inflation adjustments to the data. The very same pattern was obtained with discounted EVA. Slightly lower positive correlations were found between MVA and ROA, ROE, EPS and DPS. These correlation coefficients were higher when data with inflation adjustments were utilized.
Download or read book Measuring Shareholder s Value Addition Evidences From Indian Public Sector Banks written by Dr. R. K Boudhe and published by Lulu.com. This book was released on with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modelling Value written by Herbert Jodlbauer and published by Springer Science & Business Media. This book was released on 2012-01-05 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: The publication contains a selection of the best double-blind reviewed papers presented, discussed and revised by participants of the 1st International Conference on Value Chain Management in Austria, Steyr, May 2011. The Value Chain Management (VCM) Conference presents scientific insights relevant to management as well as their translation into the practice of management. The conference focus is on the demand chain i.e. sales, production, purchasing, logistics, performance measurement and customer value management. The authors present analytical and conceptual articles as well as empirical studies showing multidisciplinary and intercultural approaches towards solving relevant open problems.
Download or read book The Balanced Scorecard written by Robert S. Kaplan and published by . This book was released on 2005 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marketing And Management Sciences Proceedings Of The International Conference On Icmms 2008 written by Damianos P Sakas and published by World Scientific. This book was released on 2010-01-20 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of selected papers presented at the International Conference of Marketing and Management Sciences held from 23 to 25 May 2008 in Athens, Greece. The papers focus on how globalization has had significant impact on companies, societies and individuals alike. They discuss the need for new strategies and practices that can help cope with changes that arise due to globalization. Written in a simple manner, this book will be of interest to academics studying and teaching marketing and management courses and to managers dealing with strategies to cope with changes due to globalization./a
Download or read book Pay for Results written by Mercer, LLC and published by John Wiley & Sons. This book was released on 2009-03-17 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The numerous incentive approaches and combinations and their implications can be dizzying even to the compensation professional. Pay for Results provides a road map for developing and implementing executive incentives that drive business needs and strategy. It is filled with specific analytic tools, including tables, exhibits, forms, checklists. In addition, it uncovers myths in performance measurement strategy and design. Timely and thorough, this book expertly shows businesses how to drive their specific needs and strategy. Human resources and compensation officers will discover how to apply performance metrics that align with shareholder investment.
Download or read book INTERNATIONAL CONFERENCE ON Management of Globalized Business Emerging Perspectives written by Dr. Akshai Aggrawal and published by Lulu.com. This book was released on 2014-07-22 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Conference on Management of Globalized Business : Emerging Perspective was organised at Faculty of Management Marwadi Education Foundation's Group of Institutions, Rajkot Gujarat India in collaboration with Gujarat Technological University, Ahmedabad, Gujarat INDIA..
Download or read book Value Based Performance Measures written by Nils Eikelmann and published by Springer Nature. This book was released on 2020-08-19 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nils Eikelmann describes the framework conditions for the application of value-based performance measures and critically analyses selected ones. The disclosure of value-based performance indicators is important in order to demonstrate the successful management of a company and to satisfy the increasing information needs of investors. However, companies adapt the developed theoretical concepts of value-based performance measures to their practical needs and thus investors are no longer able to compare the performance of companies. In addition, there is a variety of different metrics from which companies can choose. The empirical study aims to reduce existing research gaps and is divided into three parts: the analysis of annual reports of selected European companies, the calculation of a standardised value-based performance measure and a value relevance study in the form of an association study.
Download or read book Performance Measurement and Management written by Malcolm Smith and published by SAGE. This book was released on 2005-04-09 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management accountancy has a dynamic role to play in the competitive strategy of modern global businesses. This book sets out key strategic principles and then assesses how management accountancy can affect and direct these strategies. Engaging case studies reveal how theories and concepts translate into real business practice. Throughout, the book emphasizes: - how accounting initiatives can trigger assessment and improvement of performance management - the importance of managerial decision making to good business practice - how today's management accountancy measures against current research Written for advanced undergraduate, postgraduate and MBA students taking courses on management accounting and performance measurement and management, the book will be also of interest to management and business consultants, professional accountants and accounting academics.
Download or read book Advances in Business Management and Entrepreneurship written by Ratih Hurriyati and published by CRC Press. This book was released on 2020-12-07 with total page 1168 pages. Available in PDF, EPUB and Kindle. Book excerpt: The GCBME Book Series aims to promote the quality and methodical reach of the Global Conference on Business Management & Entrepreneurship, which is intended as a high-quality scientific contribution to the science of business management and entrepreneurship. The Contributions are expected to be the main reference articles on the topic of each book and have been subject to a strict peer review process conducted by experts in the fields. The conference provided opportunities for the delegates to exchange new ideas and implementation of experiences, to establish business or research connections and to find Global Partners for future collaboration. The conference and resulting volume in the book series is expected to be held and appear annually. The year 2019 theme of book and conference is "Transforming Sustainable Business In The Era Of Society 5.0". The ultimate goal of GCBME is to provide a medium forum for educators, researchers, scholars, managers, graduate students and professional business persons from the diverse cultural backgrounds, to present and discuss their research, knowledge and innovation within the fields of business, management and entrepreneurship. The GCBME conferences cover major thematic groups, yet opens to other relevant topics: Organizational Behavior, Innovation, Marketing Management, Financial Management and Accounting, Strategic Management, Entrepreneurship and Green Business.
Download or read book Evaluation and Performance Measurement of Research and Development written by Vittorio Chiesa and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops and illustrates a comprehensive, multi-level framework for the evaluation of industrial research and development (R&D) activities and the measurement of their performance. The framework encompasses a set of hierarchical, interrelated levels at which R&D evaluation and performance measurement could be undertaken. This enlightening book focuses on the single industrial firm to study performance measurement of R&D functions, projects and individual researchers or engineers. It also addresses R&D evaluation from the point of view of financial markets, with a focus on the relationship between R&D investments and the value of the traded firm. The book broadens tin scope to study the role of technology platforms as R&D coordination mechanisms and also looks at the evaluation of R&D policies. This book will be warmly welcomed by researchers and postgraduate students in disciplines concerned with innovation management, technology policy, and finance who wish to gain an updated overview of R&D evaluation and performance measurement as well as exploring different units of analysis.
Download or read book The High Performance Enterprise written by Walter Kruz and published by Trafford Publishing. This book was released on 2004 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents, as a how-to guide, a compelling methodology for improving the operational and financial performance of a firm. The book focuses on the optimum utilization of capital assets and human resources to support the firm's business strategy and, therefore, gain a competitive advantage. It complements publications on the Balanced Scorecard by providing rather detailed sets of performance metrics applicable to Supply Chain, Customer Relationship Management, and Intellectual Capital improvement efforts. Managers involved in business improvement programs will benefit from the development of performance metrics for intellectual capital. MBA students will find especially useful the concise description of the best practices and issues affecting enterprise performance today. Reviews Finally, consideration for non-financial assets handled in a non-financial manner. A coming together of several current management concepts, along with a way to measure and evaluate their value to the company. A useful reference for building, implementing and evaluating a plan of improved efficiency. L. Sehr RA/AVP, Bank of America, San Jose, California This book provides a good overview of important financial and process redesign concepts that can influence business performance. This resource covers a broad range of ideas from continuous improvement, business strategies, balanced scorecards and value measurement tools. Non-financial persons will find this especially helpful, as information is presented in a non-technical manner, a quick read and intuitively links each idea or concept. David Bell Senior Manager, Guidant, Inc., Santa Clara, California The High Performance Enterprise is written in a very readable and concise language. The authors manage to explain in a very direct way the relationship between enterprise high performance and each of the four steps to achieving it; all this, without getting bogged down with the details on specific techniques and practices that are generally known in the industry. The discussion stays focused on the importance of metrics and simulation and their link to overall financial/accounting concepts that gauge the value of the enterprise and its performance. Because the book touches on, and gives examples of, all major functional aspects of an enterprise, I would recommend it for use in an undergraduate strategic management or capstone course in business administration program. The book would be particularly useful in an MBA course. George Guim Ed.D. Head of Business Administration Department The National Hispanic University, San Jose, California
Download or read book The Moderating Role of Performance Measurement System Sophistication on the Relationships Between Internal Value Drivers and Performance written by Raúl Barroso and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the moderating effects of performance measurement systems (PMS), i.e. PMS sophistication (i.e. BSC-like PMS), on the relationships between internal values drivers (internal efficiency, employee commitment, organizational flexibility) and performance outcomes (customer satisfaction, market performance, financial performance). Consistent with arguments of BSC proponents we argue that highly sophisticated PMS help managers to better manage the relationship between less straightforward value drivers and performance outcomes. We find that level of PMS sophistication moderates some of the relationships between internal value drivers and performance outcomes. Specifically, performance effects shift from more straightforward value drivers (internal efficiency), to less straightforward ones (employee commitment and organizational flexibility) when complexity and, thus, PMS sophistication are high. In line with our argumentation, we find a negative moderation effect of PMS sophistication on the relationship between internal efficiency and financial performance, and a positive moderation effect on the relationship between organizational flexibility and financial performance. Moreover, the relationship between employee commitment and market performance is positively moderated by PMS sophistication. Our empirical evidence is based on survey data from 331 electronic equipment manufacturing companies.
Download or read book Product Led Growth written by Bush Wes and published by . This book was released on 2019-05 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Product-Led Growth is about helping your customers experience the ongoing value your product provides. It is a critical step in successful product design and this book shows you how it's done." - Nir Eyal, Wall Street Journal Bestselling Author of "Hooked"
Download or read book SOCRATES written by Bushra Juhi Jani and published by Saurabh Chandra, Socrates Scholarly Research Journal. This book was released on 2015-03-14 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: SOCRATES is an international, multi-lingual, multi-disciplinary refereed and indexed scholarly journal produced as par of the Harvard Dataverse Network. This journal appears quarterly in English, Hindi, Persian in 22 disciplines. About this Issue: This issue of Socrates has been divided into five sections. The first section of this issue is Language & Literature- English. The first article of this section deals with Pierre Bourdieu’s concept of “symbolic” or “soft” violence in Margaret Drabble’s latest novel, The Pure Gold Baby (2013).The second article of this section tends to analyses Connection in Richard Ford’s A Multitude of Sins.The third article of this section applies the formalistic approach to scrutinize the two poems of William Butler Yeats. The second section of this issue is Philosophy. The first article of this section analyzes the epistemological limit that separates the superhero fictitious universe from our universe of causal reality. The second article of this section argues that whatever might be said about his attack on other German philosophers, Santayana’s attack on Kant, despite its subtlety, its force and its intelligence, is fundamentally misguided. The third section of this issue is Economics, Commerce and Management. In the first paper of this section authors have examined how, when and to what extent Strategic Human Resource Practices affect performance at the employee level. The second article of this section explores some of the important aspects of effective mobile money and digital financial services in bringing financial inclusion. The fourth section of this issue is Politics, Law and Governance. The article in this section explores the African Union’s (“AU”) science and technology plan and strategy for Africa within the construct of Kwame Nkrumah’s socio-political thought. The fifth section of this issue The new Book, reviews AamNama by renowned scholar and poet "Suhail Kakorvi".
Download or read book Mandatory and Discretional Non financial Disclosure After the European Directive 2014 95 EU written by Francesco De Luca and published by Emerald Group Publishing. This book was released on 2020-06-04 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of the EU Directive 2014/95/EU, requiring the mandatory disclosure of non-financial information (NFI) by large undertakings and groups, is to rebuild trust with stakeholders. This book aims to summarize the relevant literature about company information with particular reference to the voluntary vis a vis mandatory NFI.
Download or read book CFA Program Curriculum 2018 Level II written by CFA Institute and published by John Wiley & Sons. This book was released on 2017-08-01 with total page 3282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master the practical aspects of the CFA Program Curriculum with expert instruction for the 2018 exam The same official curricula that CFA Program candidates receive with program registration is now publicly available for purchase. CFA Program Curriculum 2018 Level II, Volumes 1-6 provides the complete Level II Curriculum for the 2018 exam, with practical instruction on the Candidate Body of Knowledge (CBOK) and how it is applied, including expert guidance on incorporating concepts into practice. Level II focuses on complex analysis with an emphasis on asset valuation, and is designed to help you use investment concepts appropriately in situations analysts commonly face. Coverage includes ethical and professional standards, quantitative analysis, economics, financial reporting and analysis, corporate finance, equities, fixed income, derivatives, alternative investments, and portfolio management organized into individual study sessions with clearly defined Learning Outcome Statements. Charts, graphs, figures, diagrams, and financial statements illustrate complex concepts to facilitate retention, and practice questions with answers allow you to gauge your understanding while reinforcing important concepts. While Level I introduced you to basic foundational investment skills, Level II requires more complex techniques and a strong grasp of valuation methods. This set dives deep into practical application, explaining complex topics to help you understand and retain critical concepts and processes. Incorporate analysis skills into case evaluations Master complex calculations and quantitative techniques Understand the international standards used for valuation and analysis Gauge your skills and understanding against each Learning Outcome Statement CFA Institute promotes the highest standards of ethics, education, and professional excellence among investment professionals. The CFA Program Curriculum guides you through the breadth of knowledge required to uphold these standards. The three levels of the program build on each other. Level I provides foundational knowledge and teaches the use of investment tools; Level II focuses on application of concepts and analysis, particularly in the valuation of assets; and Level III builds toward synthesis across topics with an emphasis on portfolio management.
