Universal banking: A shareholder value perspective

Value Creation from a Shareholder ’ s Perspective : ‘ The Big Picture ’

For decades the German economy was bank centered and stakeholder oriented. Inherent to the system the capital market did not play a central role. Since the 1990s the German economy has undergone some fundamental changes. The old ‘Germany Inc.’ is in the progress of disintegration. With an increasing capital market orientation, the venture capital and IPO market almost gained ground automaticall...

Negotiated Shareholder Value :

Negotiated Shareholder Value: The German Version of an Anglo-American Practice

Maximising Shareholder Value

Should a Company Pursue Shareholder Value?

What is the appropriate objective function for a firm? We analyze this question for the case where shareholders are prosocial and externalities are not perfectly separable from production decisions. We show that maximization of shareholder welfare does not necessarily equate to maximization of long-term shareholder value. We also show that the first objective is not sustainable in the presence ...

Shareholder - value - based brand strategies

Companies like Procter & Gamble, Unilever, Xerox, Heinz, Apple and Gillette possess great brands and outstanding brand management competencies, yet they have failed to generate value for shareholders in recent years. What these companies are learning is that having strong brands which consumers value is not enough. Whether strong brands create value for shareholders depends upon the economics o...