A multiple activities principal-agent model regarding CEO compensation in cooperatives is presented, capturing that cooperatives are not publicly listed and that they have to bring the enterprise to value as well as to serve member interests. A cooperative dominates a publicly listed firm in...

The purpose of this research is to evaluate the financial performance measures calculated and reported by Economic Resource Service (ERS) from ARMS data. The evaluation includes the calculation method and the underlying assumptions used in obtaining the reported values. The financial measures...

Background: A call centre usually represents the first contact of a customer with a given company. Therefore, the quality of its service is of key importance. An essential factor of the call centre optimization is the determination of the proper number of operators considering the selected...

One of the challenges of using downside risk measures as an alternative constructor of portfolios and diagnostic devise is in their computational intensity. This paper outlines how to use downside risk measures to construct efficient portfolios and to evaluate portfolio performance in light of...

The purpose of this paper is to examine the conditional volatility and correlation predictability of four emerging stock markets, and address the issue whether investors could exploit this predictability to earn excess returns from the minimum variance portfolio of index component stocks....

This study explores the use of the performance measurement system (PMS) in Thai listed companies. The study reveals that a successful PMS can be defined as a system that enables employees to both be aware of and attempt to use strategies to improve their organisation. The survey showed that...

This paper deals with performance measurement of financial structured products. For this purpose, we introduce the SharpeOmega ratio, based on put as downside risk measure. This allows to take account of the asymmetry of the return probability distribution. We provide general results about the...

We propose a new tool for strategic planning and management, which significantly extends clarity and expressiveness of traditionally used analytic and visualization techniques. Innovativeness of our solution insists in the projection of dynamic responses of a particular enterprise management...

In this study we were interested in the residual income of selected Slovene companies. This parameter of company’s efficiency not only looks at return on invested funds, but also implicitly compares it with risk adjusted opportunity cost of such investment. It is therefore argued that this...