Pursuit of shareholder value

Author: (British) Black et al., Xu Hailie et al.
Publisher:
Publish Date: 2005-06-01
Features: The Search for Shareholder Value compiles global experiences in helping companies enhance shareholder value. The experiences of the Chief Operating Officer, Chief Financial Officer, and other senior executives of the company tell us that enhancing shareholder value remains a key advantage for the company. I believe this book has contributed to their success.
Jim Schiro, CEO of PwC: To achieve the goal of building an international business company in a quick way, many large companies have made shareholder value creation a banner. Andrew Black and Philip have clarified this complex concept. This book encourages company managers to commit to creating a reasonable and sustainable foundation for economic growth within a balanced social organization.
Gerard de Martiniere, CFO of Axa: Traditional accounting methods do not include an appropriate estimation of the intrinsic value of stocks. Cash flow is crucial for businesses, and value-based analysis is necessary for investors to evaluate potential opportunities and operate more effectively. This book will help companies transition from traditional accounting methods to value-based analysis.
Francois Langlad-Demoyen, Editor-in-Chief of European Strategic Pioneers: Increasing shareholder value is the goal of every company today. The experiences PwC provides for companies in this process are invaluable. Starting this process can sometimes be difficult, and this book will help you begin it.
Steven Fassbind, CEO of Frito-Lay: In modern society, the impact of the information revolution, the convergence of capital markets, and the increasing ability of investors to discern company performance have collectively placed shareholder value at the top of the agenda. Investors now pouring funds into businesses are seeking as much financial return as possible. If a company generates returns lower than others, investors will shift their funds to competitors. The current business operations require maximizing shareholder value. Otherwise, when investors use their funds and trust to "vote with their feet" in favor of competitors, the company's stock price will plummet. The Search for Shareholder Value not only explains the concept of shareholder value but also demonstrates the philosophy of pursuing shareholder value. The philosophy of pursuing shareholder value is a philosophy rooted in the global financial environment and focused on value creation, which can help companies and their management make better, more insightful, and proactive decisions. It can be seen that this global financial environment has allowed value management to take root and flourish. The philosophy of pursuing shareholder value can also transform the insights of market analysts into a management tool and apply this tool across the entire company to truly improve operational performance. The second edition of this book not only considers how shareholder value is applied globally—in the wave of mergers and acquisitions—but also examines the impact of e-commerce on the value assessment process. PwC is one of the largest and most specialized service providers in the world. It helps clients create value for their shareholders, employees, and communities. In this book, PwC provides an effective blueprint for managing the link between stock prices and corporate strategies.