The Macro Economical Aspects of the Choice in Corporate Performance Measurement Models: Development of the General Model

Karilaid, Ivo
June 2002
EBS Review;2002, Issue 14, p21
Academic Journal
In this paper the author analyses the development of theoretical treatments of evaluation models used in the field of corporate finance, and differences between the theoretical and practical approaches. The purpose is to discover the reasons for the time gap between the theoretical treatment and implementation of these theories in practice. To accomplish this the author has firstly, studied the development of models evaluating the success of enterprises, secondly, the origins of evaluations among different methods of divisional performance measurement, thirdly, macro economical aspects in the selection of evaluation models and finally, the key criteria of different evaluation models found through comparing inputs of different models to express relationships between them according to evaluation model type. According to the topic and linkages within the topic, in the final part of the paper the author has developed Copeland's two-dimensional decision- making tool by adding a third dimension, the estimation of the four levels of macro economical uncertainty by Courtney. The result of this study is a three-dimensional model for selecting evaluation methods. The author has called this decisionmaking framework: 'the general three dimensional model for selecting an evaluation method'.


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