Financial Practice and Education
Опубликовано на портале: 21-06-2006
Jr. Ryan, E. Harley, Emery A. Trahan
Financial Practice and Education.
1999.
Vol. 9.
No. 1.
The objective of this paper is to provide information on how value-based management
is perceived, implemented, and utilized in leading industrial corporations in the
US, and to examine factors that influence the decision to utilize it. We gather data
through a survey of the chief financial officers (CFOs) of a large sample of US industrial
corporations, in order to ascertain their opinions of and experiences with value-based
management systems and metrics. The results suggest that there is room for improvement
in the design and implementation of value-based management systems. If value-based
management is to have an impact on corporate strategy and value and reduce intra-firm
agency costs, then its scope within the firm may need to be expanded.
