G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16074
DP16074 Decision rules for long-term value creation
Willem Schramade; Dirk Schoenmaker; Reinier De Adelhart Toorop
发表日期2021-04-25
出版年2021
语种英语
摘要Future-oriented companies manage for long-term value creation (LTVC) rather than merely for shareholder value or stakeholder value. Managing for LTVC involves managing and balancing several types of value (financial, social and environmental) at the same time, often involving trade-offs. Companies need to have decision rules that help them make investment decisions accordingly. This article derives such decision rules by starting from what is needed for LTVC, and by showing to what extent it differs from shareholder value maximisation only. It also outlines transition pathways for companies that are currently value destructive on one of the dimensions. Finally, it introduces a few simple models that allow for the prioritisation of specific types of value, in line with a company’s purpose.
主题Financial Economics
关键词Capital budgeting Net present value Integrated present value Financial capital Social capital Natural capital
URLhttps://cepr.org/publications/dp16074-0
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545052
推荐引用方式
GB/T 7714
Willem Schramade,Dirk Schoenmaker,Reinier De Adelhart Toorop. DP16074 Decision rules for long-term value creation. 2021.
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