Economics at your fingertips  

The Impact of Balanced Scorecard Hall of Fame Induction Announcement on Firm Value

John R. Wingender, Jr., Vasant Raval and Samantha J. Schuett
Additional contact information
Samantha J. Schuett: Heider College of Business, Creighton University,USA

The International Journal of Economic Behavior - IJEB, 2015, vol. 5, issue 1, 121-132

Abstract: In recent years, the Balanced Scorecard has emerged as a popular performance measurement and management system used by many organizations globally. This system helps link the strategy and vision of a company to its day-to-day operations. To recognize those companies that have successfully implemented the Balanced Scorecard, the Palladium Group, a leading organization of strategic management, established a widely-respected global program: Balanced Scorecard Hall of Fame for Executing Strategy. Since 2000, 152 companies have been inducted into the Hall of Fame. An event study was conducted to test the impact on firm value from the announcement of induction into the Balanced Scorecard Hall of Fame. If the balanced scorecard properly aligns the business strategy with the short-term operations, these benefits should impact positively on the firm’s value. The results suggest some market price effect five- and ten-days prior to, but none following the announcement. The study’s findings and opportunities for further research are discussed

Keywords: Balanced scorecard; Firm value; Firm performance; Strategy execution; Event study (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf) ... -Firm-Value~501.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

The International Journal of Economic Behavior - IJEB is currently edited by Fabio Musso

More articles in The International Journal of Economic Behavior - IJEB from Faculty of Business and Administration, University of Bucharest Contact information at EDIRC.
Series data maintained by Cosmin Catalin Olteanu ().

Page updated 2017-09-29
Handle: RePEc:but:ijebfa:v:5:y:2015:i:1:p:121-132