当前位置：Wow! eBook商业与金融管理与领导力 New Metrics for Value-Based Management: Enhancement of Performance Measurement and Empirical Evidence on Value-Relevance 2010th Edition
New Metrics for Value-Based Management: Enhancement of Performance Measurement and Empirical Evidence on Value-Relevance 2010th Edition
Author(s): Annette Holler (Author)
Publisher: Gabler Verlag
Publication Date: 27 Oct. 2009
Edition: 2010th
Language: English
Print length: 238 pages
ISBN-10: 9783834918697
ISBN-13: 9783834918697
Book Description
Annette Holler introduces two new depreciation-adjusted value metrics. Furthermore, a case study illustrates the depreciation-related bias. A regression analysis adds to previous evidence on associations of value creation with stock returns and firm values.
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Book Description
Two new depreciation-adjusted value metrics
From the Back Cover
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 Author
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.
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