Description
Book SynopsisThe business management trend of Value-Based Management (VBM) and the related area of Shareholder Value are attracting interest. This text provides a critical look at the success and failure of VBM; its development, the principles on which it is based, and the techniques that it involves.
Table of ContentsIntroduction (G. Arnold & M. Davies).
THE STATE OF VBM KNOWLEDGE: THEORY AND EVIDENCE.
Tracing the Development of Value-Based Management (G. Arnold).
Value-Based Management in Practice: A Critical Review (M. Davies).
CHALLENGING SHAREHOLDER WEALTH MAXIMISATION.
A Minifesto for Corporate Myopia (C. Carter & S. Conway).
Shareholder Wealth or Societal Welfare: A Stakeholder Perspective (S. Cooper).
The Dialectics of Corporate Value Measurement (D. Crowther).
APPLYING VALUE-BASED MANAGEMENT.
The Cost of Capital and Shareholder Value (J. Rutterford).
Value-Based Metrics as Divisional Performance Measures (G. Francis & C. Minchington).
Behavioural Impediments to Value-Based Management (J. Byrd, et al.).
Lessons from Practice: VBM at Lloyds TSB (M. Davies).
Making Value-Based Management a Way of Life (L. Kamhi).
Shareholder Value in Banking (P. Molyneux).
MEASURING VALUE: SOME CRITICAL PERSPECTIVES.
A Review of Accounting and VBM Alternatives (J. Forker & R. Powell).
Approaches to Value-Based Performance Measurement (J. Drukarczyk & A. Schueler).
VBM: A New Insight into the Goodwill Dilemma? (G. Owen).
Does Accounting Practice Undermine Value-Based Measurement? (M. Whittington).
Index.
