Shareholder Value or Stakeholder Value? That is the Question

Ray Shaw
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Ray Shaw: Loughborough University Banking Group

Chapter 3 in Shareholder Value Management in Banks, 2000, pp 36-51 from Palgrave Macmillan

Abstract: Abstract When embarking upon this research it became obvious that most theoretical research and, indeed, much empirical research into the creation and measurement of shareholder wealth falls into two broad categories: 1. research that seeks to provide the most efficient systems of measuring shareholder wealth. These are accounting and quantitative techniques, such as economic value creation (EVC). Falling within the framework of EVC are a number of similar concepts using numerous acronyms, such as EVA (economic value added) SVA (shareholder value added) and VBM (value-based management). These concepts all represent ways to link the strategic decisions at executive level with the operational drivers used by the front-line managers and employees. 2. research that focuses purely on the concept of shareholder value, as opposed to stakeholder value.

Keywords: Customer Satisfaction; Financial Time; Credit Union; Brand Image; Shareholder Wealth (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98174-0_3

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DOI: 10.1057/9780333981740_3

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