Value Based Performance Measures
Theoretical Evaluation and Empirical Analysis of their Application and Value Relevance on a European Level
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Beschreibung
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.
Contents
- Framework conditions for the application of value based performance measures
- Critical evaluation of selected value concepts
- Application and value relevance of value based performance measures in Europe
- Scientists and students in the field of controlling and accounting
- Practitioners in the same fields
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.
Europe-wide analysis of application and value relevance
Autor*in
Nils Eikelmann
Themen in »Value Based Performance Measures«
Value based performance measures Value relevance study Value reporting Value based management Analysis of annual reports Price level model Shareholder value Comparison of performance Preinreich-Lücke theorem ROCE Spread Value Added Economic Value Added (EVA) Cash Flow Return on Investment (CFROI) Capital Market Research Association Study