Value Based Performance Measures: Theoretical Evaluation and Empirical Analysis of their Application and Value Relevance
Nils Eikelmann, "Value Based Performance Measures: Theoretical Evaluation and Empirical Analysis of their Application and Value Relevance"
English | ISBN: 3658314281 | 2020 | 333 pages | PDF | 4 MB
English | ISBN: 3658314281 | 2020 | 333 pages | PDF | 4 MB
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.