Implementing the Shareholder Value Approach

Abstract

2007),"Corporate strategy and shareholder value during decline and turnaround", Management Decision, Vol. 45 Iss 3 pp. 372-392 http://dx.doi.org/10.1108/00251740710745025 Access to this document was granted through an Emerald subscription provided by emerald-srm:463575 [] For AuthorsIf you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.

Corporate strategy and shareholder value during decline and turnaround

“…He called his preferred decision‐making framework Shareholder Value Analysis (SVA) (Rappaport, 1998; Doyle, 2000). Rappaport and others (e.g., Blyth et al , 1986; Rappaport, 1983, 1998; Rappaport and Friskey, 1986) presented a number of case studies to demonstrate how to use SVA successfully.…”

“…Rappaport and his colleagues have nevertheless provided a stream of research linking corporate strategy and the maximization of shareholder value (e.g., Blyth et al , 1986; Rappaport, 1998; Rappaport, 1981). However, much of this is case study based and difficult to generalize.…”

Shareholder value and open innovation: evidence from Dividend Champions

“…Therefore, referring to a corporation, the shareholder value can be calculated using the following formula (e.g. Blyth et al , 1986; Guatri, 1991; Ross et al , 1997) that considers the value created measured by monetary return: where R , the value created measured by monetary return; Δ W = P t+n – P t where P represents the share price; D iv , the sum of dividend paid in the period; Δ C , the new invested capital.…”

Relating marketing expertise on the top management team and strategic market aggressiveness to financial performance and shareholder value

“…Thus, while sales growth should positively impact net cash flows and, in turn, shareholder value, this relationship is not tautological (Kerin et al, 1990). Following this logic, we include sales growth in our conceptualization of marketing's role in the creation of shareholder value (other studies that examine shareholder value include Blythe et al, 1986;Capron and Hulland, 1999;Kasper, 1997;Varaiya et al, 1987).…”