Chapter 2. Shareholder Value Orientation: Not a Question of Whether, but How

  1. Dr. Florian Budde Director2,
  2. Prof. Dr. Utz-Hellmuth Felcht Chairman of the Board of Management (CEO)3 and
  3. Dr. Heiner Frankemölle Director4
  1. Bernd Heinemann and
  2. Thomas Augat

Published Online: 7 FEB 2008

DOI: 10.1002/9783527612246.ch2

Value Creation: Strategies for the Chemical Industry, Second Edition

Value Creation: Strategies for the Chemical Industry, Second Edition

How to Cite

Heinemann, B. and Augat, T. (2005) Shareholder Value Orientation: Not a Question of Whether, but How, in Value Creation: Strategies for the Chemical Industry, Second Edition (eds F. Budde, U.-H. Felcht and H. Frankemölle), Wiley-VCH Verlag GmbH & Co. KGaA, Weinheim, Germany. doi: 10.1002/9783527612246.ch2

Editor Information

  1. 2

    McKinsey & Company, Inc., Taunustor 2, 60311 Frankfurt/M., Germany

  2. 3

    Degussa AG, Bennigsenplatz 1, 40474 Düsseldorf, Germany

  3. 4

    McKinsey & Company, Inc., Magnusstrasse 11, 50672 Cologne, Germany

Author Information

  1. McKinsey & Company, Inc., Prinzregentenstr. 22, 80538 Munich, Germany

Publication History

  1. Published Online: 7 FEB 2008
  2. Published Print: 25 NOV 2005

ISBN Information

Print ISBN: 9783527312665

Online ISBN: 9783527612246

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Keywords:

  • chemical industry;
  • shareholder value orientation;
  • capital market deviations;
  • fundamental value creation;
  • new tools;
  • capital market diagnostic;
  • financing policy

Summary

This chapter contains sections titled:

  • Capital Market Deviations as the Key Challenge for Shareholder Value Orientation

  • How Capital Markets Reflect Fundamental Value Creation

    • Capital Markets and Effects of Earnings Announcements

    • Capital Markets and Expectations on Fundamental Value Creation

  • New Tools for an Advanced Shareholder Value Orientation

    • Capital Market Diagnostic: Gain an In-depth Understanding of Capital Market Signals

    • Financing Policy: Harmonizing Financing with Strategy

    • Investor Relations: from a PR Approach to Targeted Marketing

  • Summary