NDLI: An Appropriate Financial Perspective for a Balanced Scorecard

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An Appropriate Financial Perspective for a Balanced Scorecard

Content Provider	Semantic Scholar
Author	Wet, Johannes H.v. H. De Jager, Phillip L. De
Copyright Year	2007
Abstract	The balanced scorecard has proved itself as a valuable strategic tool in measuring, not only the financial performance, but also the customer focus, internal business processes and the learning and growth of a company. To date, very little has been done to incorporate new breakthroughs in financial management in the financial perspective of the balanced scorecard. In this study, new trends in financial management research are recognized in suggesting a ‘balanced financial scorecard’ consisting of only five specifically selected measures of financial performance. The statistical technique, principal component analysis, is used to test the ability of these five measures to predict the market value added (MVA) of a company, compared to the predictive power of a range of accounting ratios. The results show that over the long term, the five measures suggested actually out-perform the traditional accounting ratios, thus lending support to the contention that the five measures suggested represents the drivers of shareholder value better than the traditional accounting ratios do. The search for a balanced financial perspective is an ongoing process, but the measures suggested could make a constructive contribution in taking this process forward.
Starting Page	98
Ending Page	113
Page Count	16
File Format	PDF HTM / HTML
Volume Number	11
Alternate Webpage(s)	https://repository.up.ac.za/bitstream/handle/2263/5091/DeWet_Appropriate(2007).pdf?sequence=1
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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