haku: @author Rappaport, A. / yhteensä: 24
viite: 9 / 24
| Tekijä: | Rappaport, A. |
| Otsikko: | Stock market signals to managers. |
| Lehti: | Harvard Business Review
1987 : NOV-DEC, VOL. 65:6, p. 57-62 |
| Asiasana: | STOCK MARKETS SHARE PRICES FINANCIAL FORECASTING |
| Kieli: | eng |
| Tiivistelmä: | The stock price is discussed as the clearest measure of market expectations about a company's performance. The belief that the market undervalues companies is examined. Opinions of managers are summarized. The importance for managers to study the stock prices is emphasized. Management and market expectations can be compared this way. Examples are illustrating the possible benefits. Understanding this relationship helps motivate managers and provides a focus for investor communications. Methods of evaluating mergers are presented. Problems of hurdle rate analysis are highlighted. The case of IBM is discussed. Possible effects of a good hurdle rate on management behavior are analyzed. |
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