How Long to Read EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View

How Long Does it Take to Read EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View?

It takes the average reader 1 hour and 34 minutes to read EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View by Stephan Pietge

Assuming a reading speed of 250 words per minute. Learn more

Description

Bachelor Thesis from the year 2003 in the subject Business economics - Investment and Finance, grade: 1.0 (A), Edinburgh Napier University (Business School), 200 entries in the bibliography, language: English, abstract: For several decades academics have been looking for an efficient performance measure, which not only reflects the effectiveness and efficiency of the firm, but also aligns manager′s and shareholder′s interests. Even though many studies question the merit of a single measure for overall firm performance, Stern and Stewart claim to have solved the puzzle with a method labeled Economic Value Added (EVA). This paper examines two aspects: First, EVA′s predicting power regarding stock returns and second, its impact on management behavior as an element of executive compensation. At first glance, Stern and Stewart seem to be right. During the early 1990s their approach gained tremendous popularity, reflected by dozens of anecdotal success stories. Though EVA′s demand of integrating a total capital charge is appealing, the concept is by no means new. The framework of residual income (economic profit), which has been around for decades, also requires a charge for equity capital. Further, some scholars criticize the use of accounting adjustments in order to calculate EVA and its ability to capture performance at the divisional level. So far there is no independent empirical evidence that EVA is superior to accounting measures in predicting stock returns. Some studies even question EVA′s incremental value regarding executive compensation by stating that economic profit is doing as good a job. Consequently, it is tempting to doubt that Economic Value Added indeed adds any value.

How long is EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View?

EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View by Stephan Pietge is 93 pages long, and a total of 23,529 words.

This makes it 31% the length of the average book. It also has 29% more words than the average book.

How Long Does it Take to Read EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 8 minutes to read EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View aloud.

What Reading Level is EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View?

EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View?

EVA as a Measure for Shareholder Value and Executive Compensation - A Critical View by Stephan Pietge is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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