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Ewolucja koncepcji zarządzania wartością przedsiębiorstwa – Przegląd Literatury
Value-based Management Evolution – Literature Review

Author(s): Piotr Szymański
Subject(s): Business Economy / Management, Human Resources in Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: value-based management; economic value added; cash flow return on investment; shareholder value added; negative externalities;

Summary/Abstract: The purpose of this paper is to provide evidences in support of five theses. Firstly, the emergence of the value-based management is a consequence of the earlier changes in business valuation and evaluation of investment projects. Secondly, VBM system has been created by consultants. Thirdly, scientific publications have had insignificant impact on VBM practice. The forth thesis is that value-based management system has become widely used in public companies. Finally, the negative externalities, especially in natural environmental, are the crucial value drivers of international companies. Thus this problem is one of the biggest ethical challenges for VBM.

  • Issue Year: 2014
  • Issue No: 340
  • Page Range: 167-180
  • Page Count: 14
  • Language: Polish