Out-Performance Delivering Better Returns Over The Long Term
- Topics:
- Strategic Planning and Analysis
- Tags:
- Finance,
- Financial Accounting,
- Human Resources,
- Performance Management,
- PricewaterhouseCoopers Consulting,
- Shareholder,
- Workforce Management
- Source:
- PricewaterhouseCoopers
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Overview: The publication of this research is timely, coming at a critical juncture in the development of ‘shareholder value’ as a key measure of corporate performance. Advocates believe that a company’s primary objective should be to maximize long-term value. Value preservation is important, but value creation remains a company’s fundamental raison d’être. At its simplest, the argument is that shareholders are last in line receiving only the residual income after all the other stakeholders have been paid. Satisfying them, over the long term, also means satisfying the wider stakeholder community. This explains why, in theory at least, shareholder value is the most complete measure of corporate performance, for stakeholders - and for society as a whole.
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Format: PDF | Size: 191KB | Date: Jan 2003 | Pages: 24
