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Shareholder value - conception and execution

In: Beyond Shareholder Value

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Abstract

The chapter outlines “shareholder-value†governance model. It explains its origin in the economic theory of corporations, and the notions that (a) shareholders “own†corporations and (b) executives are “agents†whose job is to deliver shareholder value. In the second part, the chapter describes how corporations have adopted the goal of maximizing shareholder value, and the tools applied to attain the goal. Total Shareholder Return (TSR), the metric used to measure executive performance, focuses on benefits for shareholders. With TSR as the instrument, corporations gear executives to deliver shareholder value.

Suggested Citation

  • ., 2021. "Shareholder value - conception and execution," Chapters, in: Beyond Shareholder Value, chapter 1, pages 9-37, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20195_1
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    File URL: https://www.elgaronline.com/view/9781800375765.00009.xml
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    Cited by:

    1. Fanzo, Jessica & Haddad, Lawrence & Schneider, Kate R. & Béné, Christophe & Covic, Namukolo M. & Guarin, Alejandro & Herforth, Anna W. & Herrero, Mario & Sumaila, U. Rashid & Aburto, Nancy J. & Amuyun, 2021. "Viewpoint: Rigorous monitoring is necessary to guide food system transformation in the countdown to the 2030 global goals," Food Policy, Elsevier, vol. 104(C).

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