Shareholder Value: Principles, Declarations, and Actions
"This paper is about shareholder value. We examine whether welfare considerations justify that target and whether competitive markets force firms to pursue it. We also argue that shareholder value is strictly an ill-defined goal. We report evidence from a large sample of listed firms across the world that many managers do not even mention shareholders in their mission statements. However, firms that do disclose a commitment to shareholders seem to perform better in terms of stock price and operating performance." Copyright (c) 2010 Financial Management Association International.
Year of publication: |
2010
|
---|---|
Authors: | Loderer, Claudio ; Roth, Lukas ; Waelchli, Urs ; Joerg, Petra |
Published in: |
Financial Management. - Financial Management Association - FMA. - Vol. 39.2010, 1, p. 5-32
|
Publisher: |
Financial Management Association - FMA |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Shareholder value : principles, declarations, and actions
Loderer, Claudio, (2010)
-
Shareholder Value: Principles, Declarations, and Actions
Loderer, Claudio, (2010)
-
Shareholder Value : Principles, Declarations, and Actions
Loderer, Claudio F., (2015)
- More ...