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Corporate Risk Management as a Lever for Shareholder Value Creation

Bartram, Sohnke M. - EconWPA - 2001

Firm value is influenced in many direct and indirect ways by financial risks, which consist of unexpected changes of foreign exchange rates, interest rates and commodity prices. The fact that a significant number of corporations are committing resources to risk management activi-ties is,...

Persistent link: https://www.econbiz.de/10005134866

Environmental Shareholder Value Matrix. Konzeption, Anwendung und Berechnung

Figge, Frank; Hahn, Tobias - EconWPA - 2004

Der Zusammenhang zwischen Umweltmanagement und Shareholder Value ist in den letzten Jahren Thema einer Vielzahl von Publikationen gewesen. Dass gutes Umweltmanagement grundsätzlich auch Shareholder Value schaffen kann, ist heute weitgehend unbestritten. Es wird allerdings auch deutlich, dass...

Persistent link: https://www.econbiz.de/10005062488

Stakeholder Value Matrix - Die VErbindung zwischen Shareholder Value und Stakeholder Value

Figge, Frank - EconWPA - 2004

Die Studie zeigt, was unter Stakeholder Value verstanden werden kann, wie Shareholder Value und Stakeholder Value gemessen werden können und welche Verbindung zwischen beiden Konzepten besteht. In dieser Studie wird erstmals die Wertbeitragsanalyse von Stakeholderbeziehungen vorgestellt. Anhand...

Persistent link: https://www.econbiz.de/10005062491

MERGERS AND ACQUISITIONS IN THE PORTUGUESE BANKING INDUSTRY: IS IT THERE A PROCESS OF VALUE CREATION?

Silva, Jacinto Vidigal da; Diz, Miguel - EconWPA - 2005

This paper examines the valuation effects of mergers & acquisitions in the Portuguese banking industry from 1995 to 2003 over a 41-day (-20, +20) event window. Evidence shows some targets gains, but no gains for the bidders. The combined entity (target+bidder) shows no significant gains...

Persistent link: https://www.econbiz.de/10005561758

Wertschaffendes Umweltmanagement. Keine Nachhaltigkeit ohne ökonomischen Erfolg. Kein ökonomischer Erfolg ohne Nachhaltigkeit

Figge, Frank - EconWPA - 2004

betriebliche Umweltmanagement sicherstellen muss, dass Unternehmen auf zukünftige „ökologische“ Herausforderungen reagieren können … reduziert. Die Pläne werden es dem Unternehmen allerdings ermöglichen, auf eine Veränderung der Nachfrage in Zukunft schnell zu … reagieren. Die Entwicklung eines energiesparenden Autos gibt dem Unternehmen daher eine erhöhte Flexibilität und diese …

Persistent link: https://www.econbiz.de/10005407755

THE CUSTOMER LIFETIME VALUE CONCEPT AND ITS CONTRIBUTION TO CORPORATE VALUATION

Bauer, Hans H.; Hammerschmidt, Maik; Braehler, Matthias - EconWPA - 2004

The shareholder value and the customer lifetime value approach are conceptually and methodically analogous. Both concepts calculate the value of a particular decision unit by discounting the forecasted net cash flows by the risk-adjusted cost of capital. However, virtually no scholarly attention...

Persistent link: https://www.econbiz.de/10005413279

Good Corporate Governance: How Jamaica Will Enter the Global Village

Jones, Peter W - EconWPA - 2004

Jamaica in order to effectively interface with the global village has been forced to change its ethical mindset, which has deterred the practice of good corporate governance and its worldview of how to aggressively achieve business success in an era, which does business via the Internet and...

Persistent link: https://www.econbiz.de/10005118668

Do welfare maximising water utilities maximise welfare under common carriage?

Meister, Urs - EconWPA - 2005

Due to the increasing discussion about liberalisation in the piped water industry municipal authorities in several European countries consider modifications of their water utilities’ structure such as legal constitution, business objectives or private participation. The purpose of this paper...

Persistent link: https://www.econbiz.de/10005062474

How Ownership Structure Affects Capital Structure and Firm Performance? Recent Evidence from East Asia

Driffield, Nigel; Mahambare, Vidya; Pal, Sarmistha - EconWPA - 2005

Despite the seminal work of Claessens et al. (2002), who highlighted the role of ownership structure on firm performance in East Asia, the relationship between capital structure and ownership remains much unexplored. This is important, given recent empirical and theoretical work linking capital...

Persistent link: https://www.econbiz.de/10005076974

How Ownership Structure Affects Capital Structure and Firm Performance? Recent Evidence from East Asia

Driffield, Nigel; Mahambare, Vidya; Pal, Sarmistha - EconWPA - 2005

Despite the seminal work of Claessens et al. (2002), role of ownership structure on capital structure and firm performance in East Asian corporattions remains much unexplored. Within the framework of Bajaj et al. (1998), the present paper empirically examines the effects of a controlling manager...

Persistent link: https://www.econbiz.de/10005076997