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Performance Benchmark (performance + benchmark)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	60%

Selected Abstracts

A BROAD PERFORMANCE BENCHMARK BASED ON CITIZENS' PREFERENCES: THE CASE OF SWEDISH PUBLIC TRANSPORTATION

ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, Issue 4 2009
Magnus Söderberg
ABSTRACT,:,Benchmarks have been recommended for assessing the relative performance of local government services. However, these are often narrowly defined and therefore ignore important welfare dimensions. This paper proposes a framework for benchmarking based on a combination of production and cost characteristics and citizens' subjective perceptions. An evaluation consisting of Data Envelopment Analysis (DEA) and different regression models is applied on all 21 Swedish regional public transport authorities, covering the period 2002,2006 (n = 103). The results indicate that the industry as a whole is about 70% efficient and that efficiency can be improved by increasing the sizes of the urban and the bus vehicle-km shares. The optimal ownership structure is to have one large owner combined with about 25 small owners. [source]

Incentives, Discretion, and Asset Valuation in Closed,End Mutual Funds

JOURNAL OF ACCOUNTING RESEARCH, Issue 4 2002
Nandini Chandar
This paper studies earnings management using 363 closed,end mutual fund firm,years of data. Closed,end fund assets consist of unrestricted and restricted securities, and realized and unrealized income. While unrestricted securities are not subject to earnings management, restricted security values are largely discretionary. Managerial valuation of restricted securities is modeled as contingent on unrestricted returns relative to a performance benchmark. Four unrestricted performance regions are identified. Known multi,period compensation incentives become the basis for hypothesizing earnings management behaviors in the regions in the form of restricted security valuation. Across several benchmarks, the results are consistent with multi,period maximization rather than simpler single,period compensation maximization or income smoothing. Funds with extreme unrestricted performance show relatively larger income,decreasing earnings management, and funds with slightly,below benchmark returns show relatively larger income,increasing earnings management than those slightly above. These results clarify the relationship between complex earnings management behavior and managerial incentives. [source]

Do Older Rural and Urban Veterans Experience Different Rates of Unplanned Readmission to VA and Non-VA Hospitals?

THE JOURNAL OF RURAL HEALTH, Issue 1 2009
William B. Weeks MD
ABSTRACT:,Context: Unplanned readmission within 30 days of discharge is an indicator of hospital quality. Purpose: We wanted to determine whether older rural veterans who were enrolled in the VA had different rates of unplanned readmission to VA or non-VA hospitals than their urban counterparts. Methods: We used the combined VA/Medicare dataset to examine 3,513,912 hospital admissions for older veterans that occurred in VA or non-VA hospitals between 1997 and 2004. We calculated 30-day readmission rates and odds ratios for rural and urban veterans, and we performed a logistic regression analysis to determine whether living in a rural setting or initially using the VA for hospitalization were independent risk factors for unplanned 30-day readmission, after adjusting for age, sex, length of stay of the index admission, and morbidity. Findings: Overall, rural veterans had slightly higher 30-day readmission rates than their urban counterparts (17.96% vs 17.86%; OR 1.006, 95% CI: 1.0004, 1.013). For both rural- and urban-dwelling veterans, readmission after using a VA hospital was more common than after using a non-VA hospital (20.7% vs 16.8% for rural veterans, 21.2% vs 16.1% for urban veterans). After adjusting for other variables, readmission was more likely for rural veterans and following admission to a VA hospital. Conclusions: Our findings suggest that VA should consider using the unplanned readmission rate as a performance metric, using the non-VA experience of veterans as a performance benchmark, and helping rural veterans select higher performing non-VA hospitals. [source]

Attribution of investment performance: an analysis of Australian pooled superannuation funds*

ACCOUNTING & FINANCE, Issue 1-2 2001
David R. Gallagher
This paper evaluates the market timing and security selection capabilities of Australian pooled superannuation funds over the eight-year period from January 1991 to December 1998. Evaluation of both components of investment performance is surprisingly scarce in the Australian literature despite active investment managers engaging in both market timing and security selection. The paper also evaluates performance for the three largest asset classes within diversified superannuation funds and their contribution to overall portfolio return. The importance of an accurately specified market portfolio proxy in the measurement of investment performance is demonstrated. This paper employs performance benchmarks that account for the multi-sector investment decisions of active investment managers in a manner that is consistent with their unique investment strategy. Consistent with U.S. literature, the empirical results indicate that Australian pooled superannuation funds do not exhibit significantly positive security selection or market timing skill. [source]

Negotiating for Money: Adding a Dose of Reality to Classroom Negotiations

NEGOTIATION JOURNAL, Issue 4 2007
Roger J. Volkema
Negotiation and conflict management courses have become increasingly common in business schools around the world. Frequently, these courses employ role plays and simulations to encourage students to try new strategies, tactics, techniques, and behaviors. While these simulations generally are designed to elicit realistic negotiation dynamics, they often lack the full emotional tension inherent in actual negotiations. One possible reason for this reduced tension is that no tangible resources, such as money, are at stake. This article describes an experiment in which MBA students paid a player's fee at the beginning of a negotiation course, and in which each negotiation exercise had an actual dollar value at risk. The article reports some results from this experiment and offers suggestions for instructors who might seek to add a player's fee to their own courses. In general, most students found the experience valuable, as it provided performance benchmarks while focusing their attention more sharply on risks and returns. [source]