Publisher: Prentice Hall, 2001, 366 pages
The impact of the information revolution, the integration of capital markets, and the increased ability of investors to compare, and contrast corporate performance has put shareholder value high high on the corporate agenda.These days, investors injecting money into your company are looking for a financial return as good as, if not better tah, if they had invested in any other. Today's businesses need to maximize value for their shareholders or watch their share price plummet, as investors vote with their feet and transfer their money and their trust into competitors' hands.
In Search of Shareholder Value explains the concept of shareholder value and shows how it can help companies and their managers make better, more informed, and proactive decisions. It looks at the philosophy of value creation and at the global financial environment in which value-based management can thrive, and it transforms the insights of market analysts into management tools that can be used throughout the company to add genuine improvements to performance.
The book covers every aspect of learning how to deliver value to your investors, including:
This second edition also takes into account how shareholder value is being applied around the world — and within emerging economies — and also the impact of e-business on the valuation process.
The book that defines the term "shareholder value". Nothing to read in one go, but you should have read it.