Choice and Change of Measures in Performance Measurement Models

Selto, Frank H.; Malina, Mary A.

doi:10.2139/ssrn.488172

Cited by 14 publications

(2 citation statements)

References 51 publications

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“…Lubatkin and Shrieves (1986) rationalise this issue by noting different disciplines often study a single activity from fundamentally different perspectives and acknowledge that management studies have taken more of a conceptual rather than empirical approach in evaluating performance. As acknowledged in numerous studies in accounting and finance, however, the importance of accounting measures as systematic, relatively more objective and informative performance measures has long been established and has not lost relevance (Malina & Selto 2004;Mitton 2006;Paquette 2005;Widener 2006). Thus, the value of accounting data suggests a need for future entrepreneurship research to address this gap.…”

Section: O Op Pe Ea Ar Rt Ti Io On Na Al LI Iz Zi In Ng G B Be En Ne mentioning

confidence: 99%

Measuring the benefits of entrepreneurship at different levels of analysis

Luke

Verreynne

Kearins

2007

Journal of Management & Organization

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This paper presents a suggested framework for future research designs to examine the benefits of entrepreneurship, both non-financial and financial. Based on a review of the literature and using contextual exemplars throughout the paper with an Australia and New Zealand focus, we identify a range of benefits from entrepreneurship at the various levels of analysis (e.g. individual, organizational, national). From a non-financial perspective such benefits include independence, autonomy, competitive advantage, increased market share, employment and increased standards of living. From a financial perspective, entrepreneurships benefits include enhanced remuneration or rent from revenue, profits, cash flow, return on investment and increases in GDP – specific financial measures to be expressed in clear financial terms. The suggested framework represents both an initial step towards the measurement of entrepreneurships financial benefits and a valuable starting point for the development of a theory of the non-financial and financial benefits of entrepreneurship.

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Section: O Op Pe Ea Ar Rt Ti Io On Na Al LI Iz Zi In Ng G B Be En Ne mentioning

confidence: 99%

Measuring the benefits of entrepreneurship at different levels of analysis

Luke

Verreynne

Kearins

2007

Journal of Management & Organization

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“…Therefore, evaluation requires the use of various indicators, of different types and origins. Using a formulaic approach, and explicitly resorting to weights (Lawrance, 2003(Lawrance, , 2007Selto and Malina, 2004), provides a simple way to circumvent the problems associated with this multi-variable analysis. However, weights are arbitrary and promote dispute among evaluators (or those evaluated), benefiting from an additional framework.…”

Section: Introductionmentioning

confidence: 99%

Seeing is believing: A graphical reference framework for multi-criteria evaluation

et al. 2017

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This work proposes a method for assessment of evaluation processes, applicable to systems in which both measurable and policy-based performance criteria coexist. It intends to provide a mapping procedure, based solely on measurable criteria, aiming at visual inspection of the outcome, which allows the introduction of two types of indicators at different phases of the process. The definition of performance-based zones is suggested: two of them clearly correspond to high/low performance, in which the overall evaluation result is essentially established on the basis of measurable indicators, i.e. on the basis of objective criteria, and an in-between area, more prone to a less deterministic outcome. The method of evaluation is applied in three successive steps: (i) build the representation and identify the performance zones, (ii) introduce additional policy criteria to complete a first draft of the outcome, and, finally (iii) assess relative positioning, correct if necessary, and finalize. Performance maps are presented and inspected for a set of Research and Development institutions, to illustrate examples of application of the methodology proposed.

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