Value based performance measures are intended to capture increases in shareholder wealth. At the same time they have to measure the realization of the returns initially planned for. To provide incentives for management to act in the interest of owners, bonus payments are often based on these...

We study the relative efficiency of centralized vs. decentralized organizational forms given optimized managerial performance evaluation within an incomplete contracting framework with risk-averse agents under moral hazard. Decentralization and performance evaluation are complementary control...

Purpose - This paper outlines the link between value creation, performance measurement and goodwill accounting according to IFRS and US-GAAP. Since economic goodwill is identical to the present value of future residual income, we examine the question of how accounting information gathered for...

We discuss the measurement of environmental performance (EP) in quantitative empirical research. Initially, we review and classify existing EP measures. Based on that, we analyze their validity and reliability. To provide a clear conceptualization of EP, we mainly refer to the framework of Wood...