Groth, John C.; Kinney, Michael R. - In: Management Decision 32 (1994) 4, pp. 52-57
The value of a company is a function of many variables. Costs are of special importance since managers can influence … 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 …