Value Based Performance Measures: Theoretical Evaluation and Empirical Analysis of their Application and Value Relevance on a European Level

✍ Scribed by Nils Eikelmann

• Publisher: Springer Fachmedien Wiesbaden;Springer Gabler
• Year: 2020
• Tongue: English
• Leaves: 326
• Series: FOM-Edition Research
• Edition: 1st ed.
• Category: Library

✦ Synopsis

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.

✦ Table of Contents

Front Matter ....Pages I-XXIV
Introduction (Nils Eikelmann)....Pages 1-8
Framework Conditions for the Application of Value Based Performance Measures (Nils Eikelmann)....Pages 9-89
Critical Evaluation of Selected Value Concepts (Nils Eikelmann)....Pages 91-167
Application and Value Relevance of Value Based Performance Measures in Europe (Nils Eikelmann)....Pages 169-259
Conclusion (Nils Eikelmann)....Pages 261-269
Back Matter ....Pages 271-309

✦ Subjects

Finance; Financial Accounting; Management; Capital Markets