Value-based Management: Context and Application
Editorial Reviews
Book Description
Context and Application Value-Based Management Edited by Glen Arnold and Matt Davies Over the past ten years hundreds of leading companies worldwide have adopted the principles of value-based management (VBM), an approach to corporate strategy and business organisation in which the primary objective is always shareholder wealth maximisation. As VBM has become more widespread the idea of shareholder value has become integral to business. Consultancies have prospered by selling prescriptions for developing a value-oriented firm and managers thought to be excellent in generating shareholder value are held in high esteem and command huge salaries. This book draws on empirical evidence to demonstrate the success of VBM ideas as well as highlighting many of the hidden questions, doubts and difficulties. It examines the validity of some of the underlying assumptions of VBM and tackles many of the key technical issues. This book provides a timely assessment of the theory and practice of VBM as it grows to maturity.
From the Inside Flap
Modern finance theory suggests that the primary objective of a firm should be to maximise shareholder wealth. Increasingly firms are targeting the creation of value for shareholders as their principal aim. This book examines, in a balanced and objective fashion, the recent development of VBM, the principles on which it is based and the primary techniques that it involves. It provides sophisticated analysis of existing techniques based on up-to-date research, and goes far beyond the various introductory and how-to-do-it books currently available. The book is divided into four sections, each containing contributions from leading practitioners and academics in this field:
Value-based Management: Context and Application,Glen Arnold,Matt Davies,John Wiley & Sons,0471899860,Accounting - Managerial,Business & Economics,Business / Economics / Finance,Business/Economics,Entrepreneurship,Finance,Industrial Economics (General),Industrial management,Industries - General,Management Accounting,Managerial accounting,Value,Value analysis (Cost control),Budgeting & financial management,Business & Economics / Finance
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