Stern, Joel M.; Stewart, G. Bennett; Chew, Donald H. - In: European Financial Management 2 (1996) 2, pp. 223-245
Both the rise of hostile takeovers and the phenomenal success of LBOs in the 1980s can be explained in part as capital market responses to the shortcomings of the top-down, EPS-based model of financial management that has long dominated corporate America. the EVA financial management system,...
