Création de valeur, 10 ans après...

Abstract : Value based management was considered as the major managerial innovation of the nineties: managers were to supposed to be turned into owners through redesigned compensation packages including value creation metrics such as EVA and the like, increased influence of shareholders on firms' strategies... Ten years later it is about time to come back. This article indeed revisits a study made at the time by the authors on the implementation of VBM and analyzes the evolutions observed since then. It identifies the main achievements such as the better management of assets and cost of capital, and the difficulties encountered in the alignment of managers' compensation on market value. It discusses the current trend towards more operational performance indicators in that respect.
Document type :
Other publications
Complete list of metadatas

Cited literature [26 references]  Display  Hide  Download

https://hal-essec.archives-ouvertes.fr/hal-00551860
Contributor : Michel Demoura <>
Submitted on : Tuesday, January 4, 2011 - 5:11:46 PM
Last modification on : Thursday, February 7, 2019 - 4:02:37 PM
Long-term archiving on : Friday, December 2, 2016 - 11:50:26 PM

File

09-013.pdf
Publisher files allowed on an open archive

Identifiers

  • HAL Id : hal-00551860, version 1

Collections

Citation

Nicolas Mottis, Jean-Pierre Ponssard. Création de valeur, 10 ans après.... 2009, 17 p. ⟨hal-00551860⟩

Share

Metrics

Record views

479

Files downloads

651