shareholder value - Publications - Faculty & Research

October 2024 (Revised March 2025)
Teaching Note

BWX Technologies

Teaching Note for HBS Case No. 124-071. View Details

Keywords: Transformation; Communication Intention and Meaning; Business and Shareholder Relations; Valuation; Diversification; United States; Canada

Citation

Purchase

April 2002
Background Note

Note on Minority Interest

This case provides a brief introduction to the concept of minority interest and the issues that it gives rise to in valuation of firms. View Details

Keywords: Valuation; Investment; Business and Shareholder Relations

Citation

Educators

Purchase

30 Aug 2004
Research & Ideas

Mapping Your Board’s Effectiveness

perspective portion of the map describes the tangible outcomes of the strategy in traditional financial terms, such as ROI, shareholder value, profitability, revenue growth, and cost per unit. These financial outcomes can be achieved only... View Details

Keywords: by Robert S. Kaplan

02 Jul 2010
What Do You Think?

Is Profit as a “Direct Goal” Overrated?

Kay puts it, "The mistake is to make inferences about the relationships between outcomes and processes when we cannot observe and do not understand the processes themselves." The argument is that those things that contribute to long-term View Details

Keywords: by Jim Heskett

30 Oct 2015
Blog Post

4 Takeaways from HBS

struggles against conformity, even in an environment as diverse as HBS. Events like these showed me how much I should treasure my own diversity and unique background because these were the passions that would fuel me to make a difference. 3. View Details

06 Aug 2013
First Look

First Look: August 6

during the class period. Named directors receive more negative recommendations from Institutional Shareholder Services (ISS), a proxy advisory firm, and significantly more negative votes from shareholders... View Details

Keywords: Anna Secino

18 Jul 2005
Research & Ideas

Time to Rethink the Corporate Tax System?

inversions are often not greeted with a positive price reaction. In short, the view that tax avoidance is simply a net transfer of value from the state to shareholders is complicated by the agency problem... View Details

Keywords: by Ann Cullen

17 Jul 2000
What Do You Think?

Where Is the Microsoft Board?

In his words, "As long as shareholder value maximization is the sole focus of Boards in a capitalistic context, objectivity in judgment is at risk: putting shareholders... View Details

Keywords: by James Heskett

11 Jul 2012
Research & Ideas

The Future of Boards

maximizing shareholder value as the primary focus and motivation for a corporation's existence” Topics tackled include how boards can most effectively oversee company strategy, CEO succession, and executive... View Details

Keywords: by Julia Hanna

02 Sep 2010
What Do You Think?

How Transparent Should Boards Be?

board's deliberation will be publicized in the business press for weeks, further depressing the price of the stock. They remind their colleagues that the board's primary responsibility is to shareholders and the View Details

Keywords: by Jim Heskett

01 Sep 2008
News

The MBA Turns 100

degree’s relevance, asserting that programs have drifted too far into theory that has relatively little use in practice. And they fault business schools for turning out graduates fixated on shareholder value... View Details

Keywords: Roger Thompson; Colleges, Universities, and Professional Schools; Educational Services

01 Oct 2020
What Do You Think?

Are CEOs the Wrong Leaders for Stakeholder Capitalism?

has enough leverage to practice it. Boards of directors play an important role in championing the cause of stakeholders of all kinds. DF in AZ put it this way: “If a company promises a fundamental shift towards shareholder capitalism but... View Details

Keywords: by James Heskett

24 Mar 2002
Lessons from the Classroom

Case Study: A Lesson in Private Venture Financing

owners opted for an IPO in March 2000. Valued at 400 million Rand on the Johannesburg Stock Exchange, its shareholders included about 1,000 of the company's security guards. From Ipo To Acquisition "An... View Details

Keywords: by Julia Hanna

01 Jan 2003
News

James E. Burke, MBA 1949

concerned about what I should do with my life. I knew I wanted a career in business, but it wasn't until I was at HBS that I grasped that business could be a force for good in society. We were constantly reminded of the importance of moral View Details

01 Jun 1998
News

Long-Term Interest: Bill Crozier, a Banker Pegged to the Customer

about how the current business scene is heavily skewed toward the shareholder. "Certainly the shareholder is important," he notes. "However, the shareholder role has gotten out of balance with the other... View Details

Keywords: Eileen K. McCluskey

01 Sep 2006
News

Strange Bedfellows

Since when do the taxman and the shareholder agree? IRS Commissioner Mark Everson and SEC Chairman Christopher Cox (MBA 1976) have advanced a simple, but controversial proposal. Companies would be required to disclose how much they pay in... View Details

Keywords: Mihir A. Desai; Government

17 Nov 2015
Lessons from the Classroom

How Activist Investors Became Respectable

online well before any regulatory filing disclosed his holdings in the company. These tactics may have been designed for drama, but the investment strategy and its scale are nothing unusual today. Activist shareholders and the hedge funds... View Details

Keywords: by Joseph Fuller; Financial Services; Banking

01 Aug 2005
What Do You Think?

Is There an “Efficient Market” in CEO Compensation?

shareholders into a more active participative role, CEO compensation along with other governance challenges such as agency issues will continue to plague companies." Julie Dotson-Shaffer put it most succinctly: "Every contract... View Details

Keywords: by James Heskett

01 Mar 2005
News

Ideas: Books

analyze why such partnerships occur and show how they are improving social conditions across Latin America as well as creating value for businesses. The Social Enterprise Knowledge Network is a collaboration among HBS, the AVINA... View Details

Keywords: Publishing Industries (except Internet); Information