Managing for increased market value: a case study of a new management philosophy
2005 (English)In: Ekonomiska samfundets tidskrift, ISSN 0013-3183, E-ISSN 2323-1378, Vol. 58, no 3, 125-136 p.Article in journal (Refereed) PublishedText
The aim of this study is to describe the international forest company SCA's governance and measurements for increased shareholder value. Value-based management (VBM) focuses on the concept of cash flow in contrast to traditional, accounting-based standards. Our analytical framework is a combination of models of VBM-processes and value creation. Using this framework, we map out and analyse the value creation activities whereby we also examine the applied cash value added model (CVA). Finally, we present a construct of the value-based process, which we consider to be not only a governance model but also a new management philosophy at the company.
Place, publisher, year, edition, pages
Helsingfors: Ekonomiska samfundets tidning , 2005. Vol. 58, no 3, 125-136 p.
Economics and Business
IdentifiersURN: urn:nbn:se:umu:diva-120448ISI: 000234160300002OAI: oai:DiVA.org:umu-120448DiVA: diva2:929647