Creating Shareholder Value: A Guide for Managers and Investors

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Creating Shareholder Value: A Guide for Managers and Investors image
ISBN-10:

0029257204

ISBN-13:

9780029257203

Released: Dec 05, 1986
Publisher: Free Press
Format: Hardcover, 272 pages

Description:

Increased annual sales and growth of earnings - these are the usual standards of success for the American corporation. But what does it mean if the company achieves its goals but the value of its stock declines at the same time? According to Rappaport, these companies are judging success by the wrong standards, and often become the target for takeovers. Rappaport argues that the ultimate test of corporate strategy, indeed the only reliable measure, is whether it creates economic value for shareholders.

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