Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/31986
Full metadata record
DC FieldValueLanguage
dc.contributor.authorLiapis, Konstantinos J.-
dc.date.accessioned2018-07-20T08:48:12Z-
dc.date.available2018-07-20T08:48:12Z-
dc.date.issued2010-
dc.identifier.citationLiapis, K. J. (2010). The residual value models : a framework for business administration. European Research Studies Journal, 13(1), 83-102.en_GB
dc.identifier.urihttps://www.um.edu.mt/library/oar//handle/123456789/31986-
dc.description.abstractThis article investigates the relationship between a firm’s performance and Residual Value Models (RVM) which serve as decision making tools in corporate management. The main measures are the Economic Value Added (EVA®2) and Cash Value Added (CVA®3), with key components the Residual Income (RI), Free Cash Flow (FCF) and Weighted Average Cost of Capital (WACC). These measures have attracted considerable interest among scientists, practitioners and organizations in recent years. This work focuses on the relations, among Net Income (NI), Residual Income, Cash Flows from Operations activities (CFO), cost of equity capital and debt capital, we also discuss the usage of accounting data from accrual or cash flow basis, the economic adjustments on them, and the compatibility with IFRS4 rules or other countries’ GAAPs5. Generally, the decision making based on Value Based Management (VBM) key metrics shows inconsistencies and limitations in definitions and applications, but at the same time, it is a way for management to have influence on the company’s performance and total market value (TMV) which are strongly related to current and future VBM key metrics’ amounts. The contribution of this paper is that it surveys from a critical perspective, literature about Residual Value Models (RVM) and VBM metrics and proposes a new framework for managing the firm’s value and monitoring performance.en_GB
dc.language.isoenen_GB
dc.publisherUniversity of Piraeus. International Strategic Management Associationen_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectValue distribution theoryen_GB
dc.subjectCorporate governanceen_GB
dc.subjectEconomic value addeden_GB
dc.subjectCash valueen_GB
dc.subjectIndustrial managementen_GB
dc.titleThe residual value models : a framework for business administrationen_GB
dc.typearticleen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.description.reviewedpeer-revieweden_GB
dc.publication.titleEuropean Research Studies Journalen_GB
Appears in Collections:European Research Studies Journal, Volume 13, Issue 1

Files in This Item:
File Description SizeFormat 
ERSJ,_13(1)_-_A6.pdf391.76 kBAdobe PDFView/Open


Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.