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Company Performance and Measures of Value Added (The Research Foundation of AIMR and Blackwell Series in Finance) [Paperback]

Pamela P. Peterson , David Peterson


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Company Performance and Measures of Value Added compares the advantages and disadvantages of such traditional measures of firm performance as return on investment with those of more recent performance measures–economic value added, market value added, and cash flow return on investment. The authors use 1993 financial data from Hershey Foods Corporation, and they conclude that the usefulness of a method depends on the analyst′s purpose.

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Company Performance and Measures of Value Added compares the advantages and disadvantages of such traditional measures of firm performance as return on investment with those of more recent performance measures–economic value added, market value added, and cash flow return on investment. The authors use 1993 financial data from Hershey Foods Corporation, and they conclude that the usefulness of a method depends on the analyst′s purpose.

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A key consequence of the relative newness of emerging markets as an investable outlet is the limited information on historical rates of return for securities in these markets. Read the first page
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