The Importance of Integrated Goal Setting: The Application of Cost-of-Capital Concepts to Private Firms

Abstract

In this article, we examine financial return, answer the question of how one knows when the return is adequate, and explore the relationship of short-and long-term returns as they relate to business health.

Strategically aligning family and business systems using the Balanced Scorecard

“…To this end, the nature of family expectations that impact business goals across the four scorecard perspectives needs to be clarified. Adams, Manners, Astrachan, and Mazzola (2004) provide useful guidance in this regard when they demonstrate the significance of financial ''aspirations'' that family members need to articulate as expectations for those leading their businesses.…”

Family Involvement in Ownership and Management: Exploring Nonlinear Effects on Performance

“…Second, family managers have the possibility of substituting monetary for nonmonetary returns (Adams, Manners, Astrachan, & Mazzola, 2004): They often follow nonmonetary goals, such as independence, employment for family members, prestige (Sharma, Chrisman, & Chua, 1997). Zellweger (2006) has presented evidence that family business entrepreneurs tend to value emotional factors and consequently substitute them for the above-mentioned nonmonetary outcomes.…”

Determination of the fair value of a multifunctional family farm: a case study

“…The selection of a method and its justifi cation remains a scientifi c problem. The methods of the cost of equity calculation in a private organisation and their application possibilities were studied by Koeplin et al (2000), Bajaj et al (2001), Pratt, (2001, Das et al (2003), Adams et al (2004), McConaughy (2009) and many others. The problems they addressed included not only those of method applicability and measurement of variables but also the possibilities of method modifi cation and adaptation for private organisations.…”