The Journal of Management Accounting, Japan
Online ISSN : 2434-0529
Print ISSN : 0918-7863
Invited Articles
A Corporate Value Model and the Goal-Means Deployment: Adjustment of interests among stakeholders
Kazuki Hamada
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2004 Volume 12 Issue 2 Pages 47-59

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Abstract

To increase corporate value, it is necessary to satisfy all stakeholders, maintain the continuous collaboration with them and cope with the change of situation suitably while keeping a balance among several goals. One of the corporate value indicators is economic residual income. But I think it is necessary to involve the cost caused by satisfying stakeholders' requirements in the calculation. As a concrete method of strategic decision-making to increase corporate value, I propose the method of the maximization model of discounted cashflow from the projects, by which the goal of the above-mentioned economic residual income is satisfied for each period. Then I consider the implementation method, the goal-means deployment method based on the model's solution

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© 2004 The Japanese Association of Management Accounting
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