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Value
Book

Value

The Four Cornerstones of Corporate Finance

Wiley, 2010 подробнее...


Editorial Rating

8

Qualities

  • Analytical
  • Applicable
  • Insider's Take

Recommendation

Business titan Jack Welch once expressed the opinion that “shareholder value is the dumbest idea in the world…Short-term profits should be allied with an increase in the long-term value of a company.” Tim Koller, Richard Dobbs and Bill Huyett of McKinsey & Company certainly agree, as they eschew corporate environments in which executives chase trendy ideas to raise share prices. The authors explain four inviolable tenets of corporate finance and teach managers how to use them to plan and implement their strategies. getAbstract recommends this robust guide to executives looking for a practical grounding on creating corporate value.

Take-Aways

  • Company executives succeed by knowing how to create value for investors.
  • The “four cornerstones of corporate finance” are enduring principles that can help you deliver robust total returns to shareholders.
  • The first cornerstone is the “core of value”: Revenue growth and return on invested capital (ROIC) are the dual engines for creating value.

About the Authors

Tim Koller, Richard Dobbs and Bill Huyett are partners at McKinsey & Co.


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