Value based performance measures are intended to capture increases in shareholder wealth. At the same time they have to … owners, bonus payments are often based on these performance measures. Goal congruent performance measurement systems are … we argue that this can be achieved by a specific performance measure, residual economic income, and its combination with …

performance is positive and strong prior to distress, but declines and becomes insignificant when firms are in distress. However …, the relationship of pay to cash flow performance remains positive for distressed firms. Directly examining the ex … providing incentives oriented toward improving cash flows. Specifically, distressed firms increase their use of performance …

Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to … whether the widely used class of Residual Income based performance measures - such as Economic Value Added (EVA) - is … economic circumstances and the self-selection of firms using EVA. Our findings indicate that EVA is a distorted performance …

Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to … whether the widely used class of Residual Income based performance measures — such as Economic Value Added (EVA) — is … economic circumstances and the self-selection of firms using EVA. Our findings indicate that EVA is a distorted performance …

performance is measured using some variant of historical accounting income like Net Profit, EPS or some measures based on the … value based performance measures This paper attempts to provide some understanding of the interrelationships among select … corporate performance measures in the Indian setting …

An appropriate measure of corporate performance is believed to be highly correlated to firm value on one hand and … paper examines the power of select performance measures in discriminating the Positive and Negative Value creation of the … companiesExamination of the discriminating power of the performance measures for the pooled cross section of data reveals that the EVA has …

Traditionally periodic corporate performance is most often measured using some variant of historical accounting income … appropriate for evaluation of corporate performanceAn appropriate measure of corporate performance on one hand should be highly …. However EVA is gaining recognition as fundamental measure of company performance despite the fact that it has been in …

We offer evidence that the use of Relative Performance Evaluation (RPE) in CEOs' incentive contracts influences the … RPE filters out the systematic component of firm performance. We also document that the use of RPE reinforces the …

We offer evidence that the use of Relative Performance Evaluation (RPE) in CEOs' incentive contracts influences the … RPE filters out the systematic component of firm performance. We also document that the use of RPE reinforces the …

the collection and use of information for the purpose of subjective performance evaluation. I find that managers with self …-evaluations afterwards. My findings increase our knowledge about the role of subjective performance evaluations in modern organizational …