Company Performance and Measures of Value Added [Paperback]

Pamela P. Peterson (Author), David Peterson (Author)

Book Description

ISBN-10: 0943205360 | ISBN-13: 978-0943205366 | Publication Date: December 1, 1996

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.

Editorial Reviews

From the Back Cover

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.

About the Author

Pamela P. Peterson, CFA, is a professor of finance at Florida State University, where she teaches undergraduate courses in corporate finance and doctoral courses in empirical research methods. She is also an associate editor for various financial publications. She has been a CFA Review Program instructor in Raleigh, North Carolina; Salt Lake City, Utah; and Zurich, Switzerland. Professor Peterson has published more that 25 articles in various academic journals and is the author of Financial Management and Analysis, published by McGraw-Hill. Prior to working at Florida State University, Professor Peterson was at Arthur Andersen & Company. Her research interests are capital structure issues, analysts' forecasts, and empirical methods. Professor Peterson received a B.S. degree from Miami University (Ohio) in accountancy and a Ph.D. from the University of North Carolina at Chapel Hill in finance.

David R. Peterson is a professor of finance at Florida State University, where he teaches undergraduate and doctoral courses in investments and valuation theory. Professor Peterson has published more than 45 articles in various academic journals. He served as an ad hoc reviewer for the National Science Foundation and for various financial publications. Before coming to Florida State University, Professor Peterson taught at Duke University and the University of North Carolina at Chapel Hill and worked at J.P. Baldwin Company and Continental Illinois Bank. His research interests are capital market securities, analysts' forecasts, and market efficiency. Professor Peterson holds a B.S. from Miami University (Ohio) in economics and a Ph.D. from the University of North Carolina at Chapel Hill in finance.

Product Details

• Paperback: 71 pages
• Publisher: The Research Foundation of ICFA (CFA Institute) (December 1, 1996)
• Language: English
• ISBN-10: 0943205360
• ISBN-13: 978-0943205366
• Product Dimensions: 10.7 x 8.3 x 0.2 inches
• Shipping Weight: 1.6 ounces
• Amazon Best Sellers Rank: #1,134,349 in Books (See Top 100 in Books)