Financial Performance Measures And Value Creation The State Of The Art

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Financial Performance Measures and Value Creation: the State of the Art

Author : Daniela Venanzi
Publisher : Springer Science & Business Media
Page : 73 pages
File Size : 46,9 Mb
Release : 2011-12-01
Category : Business & Economics
ISBN : 884702451X

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Financial Performance Measures and Value Creation: the State of the Art by Daniela Venanzi Pdf

The choice of financial performance measures is one of the most critical challenges facing organizations. The accounting-based measures of financial performance have been viewed as inadequate, as firms began focusing on shareholder value as the primary long-term objective of the organization. Hence, value-based metrics were devised that explicitly incorporate the cost of capital into performance calculations. Despite the increasing emphasis on these value-based measures, no definitive evidence exists of which metric works better than others, and on the extent to which any of them is superior to traditional accounting measures. In this scenario, the objective of this book is contributing to the ongoing dialogue on the appropriateness of different financial performance measures, by providing a systematic and updated review of the major value-based measures, by highlighting their respective strengths and weaknesses and by comparing the main international empirical evidence on their effectiveness. This book can be a powerful tool for guiding managers and graduate students in the “tangled forest” of the existing metrics, by providing them with the quick, but adequate knowledge for consistently adopting them.

Outperform with Expectations-Based Management

Author : Tom Copeland,Aaron Dolgoff
Publisher : John Wiley & Sons
Page : 384 pages
File Size : 52,9 Mb
Release : 2011-09-28
Category : Business & Economics
ISBN : 9781118161050

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Outperform with Expectations-Based Management by Tom Copeland,Aaron Dolgoff Pdf

CEOs and managers live and die by delivering superior performance to shareholders. This is why expectations-based management has been developed. Outperform with Expectations-Based Management (EBM) introduces a revolutionary new performance metric that links performance standards, performance measurement, and the achievement of performance. It's easy to say that if a CEO can get performance measurement right, then performance improvement will follow. But what is the "right" measure of performance, and how do you use it to improve performance? Authors Tom Copeland and Aaron Dolgoff answer these questions and many more, as they show you how to find the measure of performance that has the strongest link to the creation of wealth for the owners of both public and private companies. They answer the puzzle of why growth in earnings is not correlated with shareholder returns and explain the under- and over-investment traps. And they explain how clear communications to investors and managers alike improve value. The bottom line is that share prices go up when companies exceed expectations -- short-term and long-term -- of income statement and balance sheet performance and daily operating value drivers. Gain a complete understanding of EBM and discover how to do this, and much more, while staying competitive in an unforgiving business environment.

In Search of Shareholder Value

Author : Andrew Black,John Davies,Philip D. Wright
Publisher : Financial Times/Prentice Hall
Page : 396 pages
File Size : 46,7 Mb
Release : 2001
Category : Business & Economics
ISBN : NWU:35556033024779

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In Search of Shareholder Value by Andrew Black,John Davies,Philip D. Wright Pdf

Shareholder value can no longer be seen as the latest craze in the corporate classroom. It's grown up. It's redefining the syllabus by which we learn to profit or perish. It has moved into the mainstream of global corporate life where would-be winners can no longer afford to ignore it.Drawing on the experience of PricewaterhouseCoopers' worldwide network of companies and clients, this new edition of a best-selling title will provide you with the key to unlocking the secrets to real wealth creation. The impact of the information revolution, the integration of capital markets, and the increased ability of investors to compare and contrast corporate performance has put shareholder value high on the corporate agenda. These days, investors injecting money into your company are looking for a financial return as good as, if not better than, if they had invested in any other. Today's businesses need to maximize value for their shareholders or watch their share price plummet as investors vote with their feet and transfer their money and their trust into competitors' hands.Benefits In Search of Shareholder Value explains the concept of shareholder value and shows how it can help companies and their managers make better, more informed, and proactive decisions. It looks at the philosophy of value creation and at the global financial environment in which value-based management can thrive, and it transforms the insights of market analysts into management tools that can be used throughout the company to add genuine improvements to performance. The book covers every aspect of learning how to deliver value to your investors, including: introducing the basic concepts of shareholder value analyzing the theory and history behind shareholder value establishing the true cost of your capital the market's preference for judging performance on cash flow rather than profit and loss how shareholder value is being applied within emerging economies. principels of value-based management

Foundations of Airport Economics and Finance

Author : Hans-Arthur Vogel
Publisher : Elsevier
Page : 330 pages
File Size : 46,5 Mb
Release : 2019-03-21
Category : Transportation
ISBN : 9780128105290

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Foundations of Airport Economics and Finance by Hans-Arthur Vogel Pdf

Foundations of Airport Economics and Finance analyzes the impact key economic indicators play on an airport’s financial performance. As rapidly changing dynamics, including liberalization, commercialization and globalization are changing the nature of airports worldwide, this book presents the significant challenges facing current and future airports. Airports are evolving from quasi-monopolies to commercial companies operating in a global environment, with ever-increasing passenger and cargo volumes and escalating security costs that put a greater strain on airport systems. This book highlights the critical changes that airports are experiencing, providing a basic understanding of both the economic and financial aspects of the air transport industry. Identifies the economic roots of airport financial performance and how the interplay of its major parameters affects profitability Bridges the gap between the latest airport academic research and real-world airport financial management Covers cases and scenarios of numerous airports from around the world Includes learning aids, such as chapter introductions and summaries, glossary and appendices

Value

Author : McKinsey & Company Inc.,Tim Koller,Richard Dobbs,Bill Huyett
Publisher : John Wiley & Sons
Page : 280 pages
File Size : 51,7 Mb
Release : 2010-10-26
Category : Business & Economics
ISBN : 9780470949085

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Value by McKinsey & Company Inc.,Tim Koller,Richard Dobbs,Bill Huyett Pdf

An accessible guide to the essential issues of corporate finance While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out. Value explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art. Discusses the four foundational principles of corporate finance Effectively applies the theory of value creation to our economy Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions A perfect companion to the Fifth Edition of Valuation, this book will put the various issues associated with corporate finance in perspective.

How Financial Slack Affects Corporate Performance

Author : Bernadette Gral
Publisher : Springer Science & Business Media
Page : 116 pages
File Size : 53,7 Mb
Release : 2013-12-30
Category : Business & Economics
ISBN : 9783658045524

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How Financial Slack Affects Corporate Performance by Bernadette Gral Pdf

Bernadette Gral examines the relationship between financial slack and corporate performance in the European pharmaceutical industry during the financial crisis of 2007 to 2010. Her investigation includes correlational and regression analyses as well as the qualitative content analysis of newspaper articles. The results show that financial slack influences corporate performance measured as ROA based on net income, thus implying that firms use slack resources to enhance performance during crises. The findings support the arguments for a beneficial effect of financial slack on performance according to the resource based view and behavioral theory of the firm.

Nascent Entrepreneurship and Successful New Venture Creation

Author : Carrizo Moreira, António,Guilherme Leitão Dantas, José,Manuel Valente, Fernando
Publisher : IGI Global
Page : 415 pages
File Size : 40,9 Mb
Release : 2017-08-10
Category : Business & Economics
ISBN : 9781522529378

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Nascent Entrepreneurship and Successful New Venture Creation by Carrizo Moreira, António,Guilherme Leitão Dantas, José,Manuel Valente, Fernando Pdf

Entrepreneurship is the backbone of a strong economy. Necessity-driven entrepreneurs make up a large portion of the employed population and analyzing their methods and habits offers numerous benefits for future workers. Nascent Entrepreneurship and Successful New Venture Creation is a valuable resource that delves into the current trends and methodologies of recent entrepreneurs and entrepreneurial activities. Highlighting relevant topics that include non-cognitive skills, intellectual capital protection, regional development, and technology-based firms, this scholarly reference source is an ideal publication for business managers, organizational leaders, professionals, and researchers that would like to discover new insights into the world of entrepreneurship.

Knowledge Management in Organizations

Author : Lorna Uden,Branislav Hadzima,I-Hsien Ting
Publisher : Springer
Page : 730 pages
File Size : 52,9 Mb
Release : 2018-07-30
Category : Computers
ISBN : 9783319952048

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Knowledge Management in Organizations by Lorna Uden,Branislav Hadzima,I-Hsien Ting Pdf

This book contains the refereed proceedings of the 13th International Conference on Knowledge Management in Organizations, KMO 2018, held in Žilina, Slovakia, in August 2018. The theme of the conference was "Emerging Research for Knowledge Management in Organizations." The 59 papers accepted for KMO 2018 were selected from 141 submissions and are organized in topical sections on: Knowledge management models and analysis; knowledge sharing; knowledge transfer and learning; knowledge and service innovation; knowledge creation; knowledge and organization; information systems and information science; knowledge and technology management; data mining and intelligent science; business and customer relationship management; big data and IoT; and new trends in IT.

Strategy for Action – II

Author : Giorgio Gandellini,alberto pezzi,Daniela Venanzi
Publisher : Springer Science & Business Media
Page : 117 pages
File Size : 42,9 Mb
Release : 2013-01-26
Category : Business & Economics
ISBN : 9788847024755

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Strategy for Action – II by Giorgio Gandellini,alberto pezzi,Daniela Venanzi Pdf

The innovative and unique feature of this book is that it does not contain theoretical concept that cannot be translated into practice. This second volume expands the analysis of the strategic decisions, emphasizing the importance of a sustainable competitive advantage, and proposing an integrated conceptual and operational framework (the “Strateco Dashboard”), that complements and significantly improves the recent and well-known Blue Ocean approach to strategy development. Finally, it addresses the measurement of the performance of strategy in terms of value creation, highlighting differences and similarities, as well as strengths and weaknesses, of the main metrics. Furthermore, it proposes a comprehensive and operational framework for the assessment of the financial feasibility of strategy, through the measurement of the impact of the planned strategic moves on financial needs and the evaluation of their financial sustainability.

Proceedings of MAC-EMM 2014

Author : Collective of authors
Publisher : MAC Prague consulting
Page : 611 pages
File Size : 45,5 Mb
Release : 2014-12-01
Category : Political Science
ISBN : 9788090544284

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Proceedings of MAC-EMM 2014 by Collective of authors Pdf

Conference proceedings - Multidisciplinary Academic Conference on Economics, Management and Marketing in Prague 2014 (MAC-EMM 2014)

Performance Dashboards and Analysis for Value Creation

Author : Jack Alexander
Publisher : John Wiley & Sons
Page : 320 pages
File Size : 42,6 Mb
Release : 2011-01-11
Category : Business & Economics
ISBN : 111804472X

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Performance Dashboards and Analysis for Value Creation by Jack Alexander Pdf

No matter what industry your company competes in, you need to have a firm understanding of how to create a direct link between shareholder value and critical business processes in order to improve performance and achieve long-term value. Performance Dashboards and Analysis for Value Creation contains the information and expertise you need to do just this—and much more.

The Decision to Delist from the Stock Market

Author : Barbara Fidanza,Ottorino Morresi,Alberto Pezzi
Publisher : Springer
Page : 177 pages
File Size : 52,9 Mb
Release : 2018-09-29
Category : Business & Economics
ISBN : 9783319950495

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The Decision to Delist from the Stock Market by Barbara Fidanza,Ottorino Morresi,Alberto Pezzi Pdf

In an organized and organic way, this book covers all the possible theoretical and empirical facets of delisting, adding to the well-developed literature on IPOs. IPO and delisting are strictly related; the reasons for delisting may be found in the loss of the incentives that drove the firm to the public market in the past. However, the book presents unique motivations not directly related to the IPO decision. This book covers what the existing literature has not in focusing on specific aspects such as market liquidity and microstructure, listing costs, market for corporate control, corporate governance issues and so on. Of interest to academics and students, this contribution puts all pieces in order and finds a thread that can link each theory to the others.

Financial Reporting for Managers

Author : Jamie Pratt,D. Eric Hirst
Publisher : Wiley
Page : 0 pages
File Size : 48,9 Mb
Release : 2008-03-31
Category : Business & Economics
ISBN : 0471457493

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Financial Reporting for Managers by Jamie Pratt,D. Eric Hirst Pdf

This is the first and only book to combine the concept of shareholder value creation with the financial reporting process. Readers will discover the clear links between shareholder value creation, the financial accounting statements, and the market value of the firm. They'll also explore the steps leading from good decisions by management to strong financial statements, and higher shareholder value and stock prices. Throughout the pages, the authors strike an effective balance among the mechanics underlying the preparation of the statements, the measurement issues behind the mechanics, and the economic context in which the statements are prepared and used.

Strategy for Action – I

Author : Giorgio Gandellini,alberto pezzi,Daniela Venanzi
Publisher : Springer Science & Business Media
Page : 93 pages
File Size : 55,8 Mb
Release : 2012-04-18
Category : Business & Economics
ISBN : 9788847024878

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Strategy for Action – I by Giorgio Gandellini,alberto pezzi,Daniela Venanzi Pdf

The innovative and unique feature of this book is that it does not contain theoretical concept that cannot be translated into practice. The model which introduces this volume sets the stage for addressing the major phases of the strategic management process: environmental analysis, strategy formulation and development, strategy evaluation and control. Its conceptual and operational structure is described in the first part, together with a practically oriented definition of strategy, and a brief discussion of the logic and benefits of the judgmental modeling approach to decision making. The second part critically addresses the classical approaches to the analysis of the external and internal environmental factors, which have an impact on the “functioning” of the basic model, i.e. the structural characteristics of the industry context, and the companies’ technical, organizational, financial, and human resources, including the translation into operational models of otherwise rather theoretical concepts.

Unleashing the Startup Unicorn

Author : Vivek Kale
Publisher : Business Expert Press
Page : 299 pages
File Size : 51,8 Mb
Release : 2024-01-30
Category : Business & Economics
ISBN : 9781637425640

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Unleashing the Startup Unicorn by Vivek Kale Pdf

It is well known that high-tech startups need to innovate to survive, yet the failure rate for innovation is shockingly high. Nearly three out of four new products or services, i.e., their startups, miss their revenue and profit goals–or fail entirely. It’s a misconception that high-tech startups fail only because of the failing products or finances. The failures could also be because of erroneous choice of technology platforms, development teams or methodology, or even the project execution. Accordingly, this book takes a holistic view of a startups’ aesthetics that enables it to become attractive for all stakeholders especially investors in all aspects of its operations at all stages of its lifecycle. This book: Looks at aspects of venture capital financing and what investors look for in a contemporary startup. Shows how only an overarching aspiration for a startup to become a Unicorn is sufficient to explain the typical characteristics of legendry Silicon Valley Unicorns like Google, Facebook, LinkedIn, and Twitter. Covers major application areas of current/future interest, namely, intelligent systems, intelligent assistants, wireless sensor networks, Internet of Things (IoT), and blockchain systems. Introduces the contemporary skills-set in demand for Startups. To succinctly cover all aspects of a contemporary startup, Unleashing the Startup Unicorn is organized to reflect the natural grouping of competencies that are essential for entrepreneurial ventures–from conception to successful exit. To understand and analyze these competencies, the book uses an extended 9S model inspired by the pioneering McKinsey 7S model.