Ownership and Value Creation (Corporate Governance Strategy in the New Economy Era)

Author: (American) Carlson, translated by Wang Xiaoling
Publisher:
Publishing Date: 2003-05-01
Features: Sustainable business success ultimately depends on the nature of ownership. The role of ownership is not only to provide risk capital and assume corresponding responsibility management, but also to play a key role in value creation by seeking active awareness and specific measures to reduce and eliminate risks. Exercising this ownership requires capability, will, and a certain position. This book aims to clarify the issues of ownership and value creation from the following three aspects. This book analyzes the competition faced by the corporate governance movement in five of the world's largest economies—namely the United States, the United Kingdom, Germany, France, and Japan—in the past, present, and future. Additionally, this book discusses the prospects for the internationalization of corporate governance standards and the challenges faced by corporate governance and ownership in the new economy. This book conducts an in-depth study of one of the world's most successful owners—the Swedish Wallenberg Group. In addition to numerous successful international companies such as ABB, AstraZeneca, Atlas Copco, Ericsson, and Scania, the Wallenberg dynasty has been serving as an active owner for 150 years. From case studies of active owners worldwide, we gain valuable insights. This book provides a conceptual framework and analytical tools, illustrated with examples, to clarify the issues of value creation and the role of ownership, including a comprehensive analysis of different types of risks, risk mechanisms, dynamics, and theories for reducing or eliminating risks. Finally, these experiences and theories are synthesized into a series of recommendations on how to strengthen the functions of ownership and corporate governance to achieve sustainable business prosperity.