Groth, John C.; Kinney, Michael R. - In: Management Decision 32 (1994) 4, pp. 52-57
costs. Success at cost management has a phenomenal effect on value because of the relationships between costs, business risk …, financial risk, and valuation. These relationships are non‐linear. Consequently, success in cost management yields amplified … terms of: the reduction of business risk; the favourable asymmetric effect on the creation of value; the increased tax …