2004 Volume 12 Issue 2 Pages 47-59
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