Due to the growing importance and complexity of company groups and a proceeding decentralisation, subsidiary controlling is becoming more and more important. Performance measurement systems are a key instrument of subsidiary controlling. The correct use of performance measures combined with the right incentives can help reduce information asymmetry between the corporate centre and subsidiaries and at the same time ensure an orientation toward corporate objectives on all levels. In this book, the concept of performance measurement systems in the context of subsidiary controlling is explained....
Due to the growing importance and complexity of company groups and a proceeding decentralisation, subsidiary controlling is becoming more and more imp...
This book examines cost-of-capital models and their application in the context of managerial finance. This includes the use of hurdle rates in capital allocation decisions, as well as target returns in performance management. Besides a review of classical finance models such as the Capital Asset Pricing Model (CAPM), other contemporary models and techniques to determine the cost-of-capital of business units and private companies are discussed. Based on a mixed methods approach, current cost-of-capital practices and their determinants are empirically analyzed among German companies.
This book examines cost-of-capital models and their application in the context of managerial finance. This includes the use of hurdle rates in capital...
This book examines cost-of-capital models and their application in the context of managerial finance. Besides a review of classical finance models such as the Capital Asset Pricing Model (CAPM), other contemporary models and techniques to determine the cost-of-capital of business units and private companies are discussed.
This book examines cost-of-capital models and their application in the context of managerial finance. Besides a review of classical finance models suc...
