University of Piraeus. International Strategic Management Association
Abstract
The goal of this work is to provide a pertinent measure of managerial
performances, starting from the idea that those are real only when they assure the
satisfaction of all groups, which are interested in the good evolution of the firm.
The performances of a firm come from the operating activities, which has to
generate big enough cash flow to accomplish the satisfactory remuneration of the
creditors, to overcome all the taxes imposed by the state and to lead to the growth
of the shareholders’ wealth. Measured trough economic value added the
performances of the firm are dependent on the strategies, which are applied by
managers.peer-reviewe
