Alfred Rappaport’s Creating Shareholder Value from 1986 is a yardstick for the shareholder value movement. The author shows how corporate managers can apply the shareholder value approach to managing companies and supplies the tools for doing so. Shareholder Value Creation in practice –. Shareholder Value is created when. Long-term Returns. Alfred Rappaport prescribes ten Basic.
Alfred Rappaport (born 1932) is an American economist. He is the Leonard Spacek Professor Emeritus at Kellogg School of Management at Northwestern University and is best known for developing the idea of shareholder value,[1] in his book Creating Shareholder Value (1986, revised 1997).[2] He also is the co-author, with Michael Mauboussin, of Expectations Investing: Reading Stock Prices for Better Returns (2001).[3] His other works include Saving Capitalism from Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future (2011) and Ten Ways to Create Shareholder Value.[4]
References[edit]
^'Interview: Alfred Rappaport of Saving Capitalism from Short-Termism'. GMI Ratings. Retrieved 9 January 2015.
^Rappaport, A., Creating Shareholder Value
^Rappaport, A. and Mauboussin, M. Expectations Investing
^Rappaport, A., Ten Ways to Create Shareholder Value, Harvard Business Review, September 2006, accessed 22 February 2017
External links[edit]
'Alfred Rappaport'. JSTOR.
Alfred Rappaport; John C. Bogle (19 August 2011). Saving Capitalism From Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future. McGraw Hill Professional. ISBN978-0-07-173637-4.
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Alfred_Rappaport_(economist)&oldid=914834600'
Subjects
Conquering the obession with short-term profits is critical to the future of business, society, and capitalism itselfAlfred Rappaport presents a game plan every business leader should read
As Rappaport keeps on speaking out for the realities surrounding investment and speculation, our society will profit as it builds on his keen insights. John C. Bogle, founder of The Vanguard Group (from the Foreword)
About the Book:
Alfred Rappaport, who first introduced the principles and practical application of 'shareholder value' in his groundbreaking 1986 classic Creating Shareholder Value, reiterated the basic message in his 2006 Harvard Business Review article: Focusing on Wall Street quarterly earnings expectations rather than on creating long-term value is an invitation to disaster.
Rappaport shows how deeply flawed short-term performance incentives for corporate and investment managers were an essential cause of the recent global financial crisis. In Saving Capitalism from Short-Termism, Rappaport examines the causes and consequences of short-termism and offers specific recommendations for how publicly traded companies and the investment management community can overcome it.
Whether you're a corporate manager, money manager, public policymaker, business-school student, or simply concerned about your financial future, Saving Capitalism from Short-Termism provides valuable insights and practical ideas to change the course of your organization and contribute to a healthier economy that benefits all.
Publication Details
Publisher:
McGraw-Hill Education
Imprint:
McGraw-Hill
Edition:
1
Publication Date:
2011
Format
Kindle Book
OverDrive Read
Adobe PDF eBook 2.2 MB
Adobe EPUB eBook 2.1 MB
John C. Bogle (Author)
John Bogle (Valley Forge, PA) is founder and former chief executive of The Vanguard Group, the world's largest no-load mutual fund company, with more than $500 billion in assets owned by 12 million shareholders. In 1999, Fortune named Mr. Bogle on...
Alfred Rappaport (Author)
Alfred Rappaport is the Leonard Spacek Professor Emeritus at Northwestern University's J.L. Kellogg Graduate School of Management. He is the author of the pioneering book Creating Shareholder Value and coauthor of Expectations Investing. Rappaport...