Splitting up value: a critical review of residual income theories

DOI10.1016/J.EJOR.2008.09.018MaRDI QIDQ1027574zbMATH OpenOpenAlexFDO

Authors Carlo Alberto Magni

Publication date 30 June 2009

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://mpra.ub.uni-muenchen.de/10506/1/MPRA_paper_10506.pdf

zbMATH Keywords

counterfactualfinanceperformance measurementeconomicsinvestment analysisnet present valuemanagementopportunity costaccountingexcess profitresidual income

Mathematics Subject Classification ID

Recommendations

• Residual income and value creation: an investigation into the lost-capital paradigm
• Economic profitability and (non)additivity of residual income
• Axiomatization of residual income and generation of financial securities
• Research on residual distribution based on substitute cost of participant resources
• Risk-Adjusted Economic Value Analysis

Cites work

• Correct or incorrect application of CAPM? Correct or incorrect decisions with CAPM?
• Fundamentals of actuarial mathematics
• Fuzzy sets
• Incentives for Efficient Inventory Management: The Role of Historical Cost
• Mathematical Analysis of Rates of Return Under Certainty
• On decomposing net final values: EVA, SVA and shadow project
• On the comparison between the APV and the NPV computed via the WACC
• On the decomposition of stochastic discounted cash flows
• The General Theory of Employment, Interest, and Money
• The bargaining problem
• Un metodo di valutazione di un portafoglio assicurativo vita

Cited in

(10)

• Capital depreciation and the underdetermination of rate of return: a unifying perspective
• Economic profitability and (non)additivity of residual income
• NPV, IRR, PI, PP, and DPP: a unified view
• Research on residual distribution based on substitute cost of participant resources
• Consistency between principal and agent with differing time horizons: computing incentives under risk
• The attribution matrix and the joint use of finite change sensitivity index and residual income for value-based performance measurement
• Investment, financing and the role of ROA and WACC in value creation
• Axiomatization of residual income and generation of financial securities
• Residual income and value creation: an investigation into the lost-capital paradigm
• Literature reviews in operations research: a new taxonomy and a meta review

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