Performance Measurement in Finance

Grinblatt, M. and Titman, S.D. (1989b) Portfolio performance evaluation: old issues and new insights, Review of Financial Studies, 2(3), 393–421. Grinblatt, M. and Titman, S.D. (1993) Performance measurement without benchmarks: an ...

Author: John Knight

Publisher: Elsevier

ISBN: 9780080497631

Category: Business & Economics

Page: 365

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The distinction between out-performance of an Investment fund or plan manager vs rewards for taking risks is at the heart of all discussions on Investment fund performance measurement of fund managers. This issue is not always well-understood and the notion of risk adjusting performance is not universally accepted. Performance Measurement in Finance addresses this central issue. The topics covered include evaluation of investment fund management, evaluation of the investment fund itself, and stock selection performance. The book also surveys and critiques existing methodologies of performance measurement and covers new innovative approaches to performance measurement. The contributors to the text include both academics and practitioners providing comprehensive coverage of the topic areas. Performance Measurement in Finance is all about how to effectively measure financial performance of the fund manager and investment house managers, what measures need to be put in place and technically what works and what doesn't. It covers risk, and what's acceptable and what isn't, how, in short, to manage risk. Includes practical information to enable Investment/Portfolio Managers to understand and evaluate fund managers, the funds themselves, and Investment firms Provides a full overview of the topic as well as in-depth technical analysis

Business Performance Measurement

2 Financial performance as a major objective of a business organization . Here an overarching financial performance measure , such as profit , return on investment , or EVA® , is used to signify the achievement of an important ( perhaps ...

Author: Andy Neely

Publisher: Cambridge University Press

ISBN: 052180342X

Category: Business & Economics

Page: 366

View: 464

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A multidisciplinary book on performance measurement that will appeal to students, researchers and managers.

Performance Measurement and Management Control

Performance measures that drive the goal tenets of strategy. Strategic Finance, 85(4), 8À11. Frigo, M. L., & Anderson, R. J. (2009). Strategic risk assessment: A first step for improving governance and risk management. Strategic Finance ...

Author: Antonio Davila

Publisher: Emerald Group Publishing

ISBN: 9781783503780

Category: Business & Economics

Page: 384

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This new volume contains selected papers that were presented at the 2013 conference on performance measurement and management control focusing on behavioral implications and human actions associated with the use of performance measurement and management control systems.

Performance Measurement and Management Control

The role of the accounting rate of return in financial statement analysis. The Accounting Review, 67, 411–426. ... Strategy and financial ratio performance measures. In: M. Epstein & J. Manzoni (Eds), Performance measurement and ...

Author: Marc J. Epstein

Publisher: Emerald Group Publishing

ISBN: 9781849507240

Category: Business & Economics

Page: 552

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In 2001, we gathered a group of researchers in Nice, France to focus discussion on performance measurement and management control. Following the success of that conference, we held subsequent conferences in 2003, 2005, 2007, and 2009. This title contains some of the exemplary papers that were presented at the most recent conference.

Pricing Risk and Performance Measurement in Practice

Feature: The book builds a practical framework for analysing the market and credit risk exposure of financial instruments and portfolios Benefit: Readers can use this framework today in their work and identify and measure market and credit ...

Author: Wolfgang Schwerdt

Publisher: Academic Press

ISBN: 0080923046

Category: Business & Economics

Page: 398

View: 633

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How can managers increase their ability to calculate price and risk data for financial instruments while decreasing their dependence on a myriad of specific instrument variants? Wolfgang Schwerdt and Marcelle von Wendland created a simple and consistent way to handle and process large amounts of complex financial data. By means of a practical framework, their approach analyzes market and credit risk exposure of financial instruments and portfolios and calculates risk adjusted performance measures. Its emphasis on standardization yields significant improvements in speed and accuracy. Schwerdt and von Wendland's focus on practical implementation directly addresses limitations imposed by the complex and costly processing time required for advanced risk management models and pricing hundreds of thousands of securities each day. Their many examples and programming codes demonstrate how to use standards to build financial instruments, how to price them, and how to measure the risk and performance of the portfolios that include them. Feature: The authors have designed and implemented a standard for the description of financial instruments Benefit: The reader can rely on accurate and valid information about describing financial instruments Feature: The authors have developed an approach for pricing and analyzing any financial instrument using a limited set of atomic instruments Benefit: The reader can use these instruments to define and set up even very large numbers of financial instruments. Feature: The book builds a practical framework for analysing the market and credit risk exposure of financial instruments and portfolios Benefit: Readers can use this framework today in their work and identify and measure market and credit risk using a reliable method.

Business Performance Measurement and Management

This book introduces new contexts and themes of application and presents emerging research areas related to business performance measurement and management.

Author: Vincent Charles

Publisher: Cambridge Scholars Publishing

ISBN: 9781443868426

Category: Business & Economics

Page: 595

View: 393

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Measuring and managing the performance of a business is one of the main requirements of the management of any organization. This book introduces new contexts and themes of application and presents emerging research areas related to business performance measurement and management. It draws authors from all around the globe from a variety of functional disciplines, all of whom are working in the field of business performance measurement and management, thus resulting in a variety of perspectives on performance measurement from various functional areas – accounting, finance, economics, marketing, and operations management – in a single volume.

Performance Measurement in Financial Institutions in an ERM Framework

Riskbooks An imprint of incisivemedia As performance measurement in financial institutions moves progressively away from traditional measures and towards the objective of shareholder value creation , finance professionals now need to ...

Author: Ashish Dev

Publisher: Bloomberg Press

ISBN: CORNELL:31924105750750

Category: Business & Economics

Page: 182

View: 899

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Focusing on internal business unit performance, this in-depth practitioner guide addresses both traditional and risk-adjusted performance measures in financial institutions, providing you with the tools to implement a 'balanced scorecard' approach to performance measurement.

Evaluation and Performance Measurement of Congestion Pricing Projects

Finance. Among the five categories of system operations performance measures, financial performance data is universally used in the operation of variably priced toll facilities. In analyzing revenue collection targets and trends, ...

Author: Benjamin Gerry Perez

Publisher: Transportation Research Board

ISBN: 9780309213615

Category: Congestion pricing

Page: 178

View: 481

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"These guidelines are intended for transportation practitioners involved in the planning, design, and operation of congestion-pricing projects. They will help agencies select or develop measures to evaluate these projects, collect the necessary data, track performance, and communicate the results to decision makers, users, and the general public. These guidelines will be valuable to all agencies who are using or considering congestion pricing to manage their roadway capacity."--Foreword.

Performance Measurement and Management for Engineers

Financial need should be quantified and qualified. Some steps can be taken to attain the right measurement. First, it must be defined the overall amount of resources needed for the company to function. Afterward, resources must be ...

Author: Michela Arnaboldi

Publisher: Academic Press

ISBN: 9780128019207

Category: Business & Economics

Page: 184

View: 367

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Performance Measurement and Management for Engineers introduces key concepts in finance, accounting, and management to project managers who have engineering backgrounds. It focuses these basic concepts on issues of measuring and managing enterprise value. Thus, after defining enterprise value, the book begins by explaining the ways and means of measurement. It then takes up financial measurement, describing and analyzing the typologies of financial indicators while illustrating their advantages and disadvantages. After focusing on measuring enterprise value, the second section takes up managing that value. Like the first, it pursues a double view: using indicators for internal control while employing them to analyze other companies. If engineering project managers possess a source of quantitative and qualitative information about business management, Performance Measurement and Management for Engineers will help them increase their contributions to the business. Explains how main performance indicators are related to the value of the company Reveals how to assess the financial needs of companies in relation to their financial goals and mechanisms (e.g., equity, debt, and hybrid) Describes key information and indicators for assessing the ability of enterprises to create value across time Indicates the profitability sources of different business units