A Look Back at the Beginnings of EVA and Value‐Based Management

Published date01 March 2014
Date01 March 2014
DOIhttp://doi.org/10.1111/jacf.12052
VOLUME 26 | NUMBER 1 | WINTER 2014
In This Issue: Value-based Management, CEO Pay, and Private Equity
Managing for Value 2.0 8Kevin Kaiser and S. David Young, INSEAD
The Growing Executive Compensation Advantage of
Private Versus Public Companies
20 Marc Hodak, Hodak Value Advisors and
New York University’s Stern School of Business
Three Versions of Perfect Pay for Performance
(Or The Rebirth of Partnership Concepts in Executive Pay)
29 Stephen F. O’Byrne, Shareholder Value Advisors Inc.
A Look Back at the Beginnings of EVA and Value-Based Management:
An Interview with Joel M. Stern
39 Interviewed by Joseph T. Willett
What Determines TSR 47 Bennett Stewart, EVA Dimensions LLC
Integrated Reporting, Quality of Management, and Financial Performance 56 Cécile Churet, RobecoSAM, and Robert G. Eccles,
Harvard Business School
The Evolution of Private Equity Fund Terms Beyond 2 and 20 65 Ingo Stoff, Technische Universität München, and Reiner
Braun, Friedrich-Alexander University, Erlangen-Nuremberg
The Impact of Sovereign Wealth Funds on Corporate Value and Performance 76 Nuno Fernandes, IMD Business School
How Much Do Private Equity Funds Benet From Debt-related Tax Shields? 85 Alexander Knauer, Alexander Lahmann,
Magnus Pücke, and Bernhard Schwetzler,
HHL Leipzig Graduate School of Management
Global Drivers of and Local Resistance to French Shareholder Activism 94 Carine Girard and Stephen Gates,
Audencia Nantes School of Management
APPLIED CORPORATE FINANCE
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