Publications [#289774] of Robert H. Ashton

Papers Published

1. Ashton, RH, Value-Creation Models for Value-Based Management: Review, Analysis, and Research Directions, Advances in Management Accounting, vol. 16 (April, 2007), pp. 1-62, Emerald (MCB UP ), ISSN 1474-7871 [doi]
   (last updated on 2023/06/01)

   Abstract:
   Models of value creation that have been proposed for supporting value-based management are described and analyzed, including the Balanced Scorecard, the Baldrige Quality Award Criteria, the Deming Management Method, the Service-Profit Chain, and the Skandia Intellectual Capital Model. These models are compared, their potential for guiding the identification of value drivers and performance measures for value-based management is assessed, and management issues that must be addressed if such models are to contribute to long-run value creation are explored. These issues include causally linking value drivers to each other and to financial outcomes, the extent to which the models take a dynamic, or whole-system, view of value creation, and whether multiple value drivers should be explicitly weighted and combined to form a "value index." Finally, the substantial body of research evidence linking intangible value drivers to financial outcomes is reviewed, and some directions for further research are offered. © 2007 Elsevier Ltd. All rights reserved.