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A Risk-Adjusted Model for Peformance Measurement

  • Josanco Floreani
  • Maurizio Polato
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Josanco Floreani and Maurizio Polato 2014

Authors and Affiliations

  • Josanco Floreani
    • 1
  • Maurizio Polato
    • 1
  1. 1.Department of EconomicsUniversity of UdineItaly

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