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Year 2015, Volume: 2 Issue: 1, 0 - 0, 29.03.2015

Abstract

WEALTH ADDED INDEX (WAI) IN PERFORMANCE MEASUREMENT: AN EMPIRICAL APPLICATION ON BIST 30 INDEX

Year 2015, Volume: 2 Issue: 1, 0 - 0, 29.03.2015

Abstract

n recent years, developments occurring in the financial markets have led to the increasing importance of value-based management approach and the derivation of new performance measures about evaluation. One of these performance measures is Wealth Added Index (WAI) which was developed by the Stern Stewart consulting firm in 2002. WAI performance measure is used to determine which companies provide their shareholders more wealth and this measure is becoming increasingly popular in financial markets. The aim of this study is to determine whether or not shareholder value is created according to Wealth Added Index criteria in BIST 30 Index firms for the year of 2012. The results show that twenty four of the firms create value for shareholders.

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Details

Journal Section Articles
Authors

Ulas Unlu

Oguz Saygın This is me

Ersan Ersoy This is me

Publication Date March 29, 2015
Published in Issue Year 2015 Volume: 2 Issue: 1

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APA Unlu, U., Saygın, O., & Ersoy, E. (2015). WEALTH ADDED INDEX (WAI) IN PERFORMANCE MEASUREMENT: AN EMPIRICAL APPLICATION ON BIST 30 INDEX. Journal of Economics Finance and Accounting, 2(1).

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