EVOLUTION OF VALUE BASED PERFORMANCE MEASUREMENT TOOLS
DEĞER TABANLI PERFORMANS ÖLÇÜM ARAÇLARININ GELİŞİMİ

Author : Can Tansel KAYA -- Esra SAÇICI
Number of pages : 312-325

Abstract

Performance evaluation plays a vital role in assessing the true reflection of companies’ financial and non-financial positions since such system consists of both financial and non-financial benchmarks. While non-financial measures are habitually taken into account by a balanced scorecard system, financial ones, however, has gone through a perpetual evolution period over the years. Results of an evaluation will reveal the capabilities and the deficiencies of companies in terms of providing evidence whether the company seems to be sustainable or is in jeopardy. The aim of this paper is to thoroughly expound the evolution process of value based performance measurement tools specifically focusing on return on investment, residual income, and finally economic value added.

Keywords

Performance evaluation, return on investment, res

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