| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16074 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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