The Quest for Value: A Guide for Senior Managers

Stewart, G. Bennett

ISBN 10: 0887304184 / ISBN 13: 9780887304187

Editore: HarperCollins Publishers, 1991

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Riassunto:

In this bestselling classic of financial management, G. Bennett Stewart, III, raises and answers these provocative questions:

• Do dividends matter?
• Are earnings per share really accurate measures of corporate performance?
• What is the engine that really drives share prices?

More than that, Stewart lays the foundation for EVA^r, the financial management and incentive system now in place at nearly 300 companies around the world, and which is rapidly becoming the global standard for corporate governance.

Managers, confused about what investors really want, often find it difficult to reach informed decisions regarding business strategy, acquisitions and divestitures, financial structure, dividend policy, and executive compensation. But now an EVA^r -based revolution is providing a practical framework that managers can use to build a premium-valued company. At the forefront of this revolution is the consulting firm of Stern Stewart & Co., of which G. Bennett Stewart, III, author of The Quest for Value, is senior partner and cofounder.

The Quest for Value is written for senior management, key operating people, and planning and financial staff. This bible of financial management will assist managers in goal setting, resource allocation, strategy development, valuation of acquisitions, financial policy setting, incentive compensation planning, and building shareholder value.

The Quest for Value cuts sharply through the myths that to this day misinform corporate strategists in their pursuit of shareholder value. Laying waste to inaccurate yet widely used methods of performance, Stewart demonstrates how the Stern Stewart EVA^r approach not only creates greater shareholder value but also provides a powerful framework for the broadest range of corporate decision making.

Product Description: Confusion over what investors really want often makes it difficult for managers to reach decisions regarding business strategy, acquisitions and divestitures, financial structure, dividend policy and executive compensation. With company raiders knocking on just about every door, the cost of this ignorance is escalating. This book aims to help managers learn the processes that influence and control share prices. Written for senior management, key operating people, and planning and financial staff, this book provides a framework for the broadest range of company decision-making including goal setting, resource allocation, financial policy setting, incentive compensation planning and building shareholder value.

Dati bibliografici

Titolo: The Quest for Value: A Guide for Senior ...
Casa editrice: HarperCollins Publishers
Data di pubblicazione: 1991
Legatura: Hardcover
Condizione: Very Good