A Risk-Adjusted Model for Peformance Measurement

Josanco Floreani and Maurizio Polato
Additional contact information
Josanco Floreani: University of Udine
Maurizio Polato: University of Udine

Chapter 6 in The Economics of the Global Stock Exchange Industry, 2014, pp 164-197 from Palgrave Macmillan

Abstract: Abstract This chapter outlines the foundations of a risk-adjusted performance (RAP) measure for calibrating performance in the exchange industry. As previously noted, it has only been with the demutualization and listing of securities exchanges that the emerging firm view has elicited renewed attention with regard to performance measurement in the industry. However, both academic researchers and industry practitioners have so far only focused on standard measures of operative performances such as return on equity (or the return on tangible equity) or the return on assets (ROE and ROA, respectively).

Keywords: Business Unit; Growth Opportunity; Financial Leverage; Business Line; Hurdle Rate (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-32183-1_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137321831

DOI: 10.1057/9781137321831_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().