Ownership value

The ultimate test and only reliable measure of corporate strategy is whether it creates economic value for owners. In his book, which is considered a classic in business life, Alfred Rappaport provides managers and investors with a toolkit that can also be used in practice, which enables the achievement of higher than average returns. The owner's value approach presented in the Book is widely used worldwide. The book is a useful read for company managers and investors who want to stay ahead even in the strong competition of the globalizing economy. We recommend the book to company owners and company executives so that they can set and formulate good goals and expectations for management. We recommend the book to managers of different levels of businesses, so that by adapting the examples, they can become successful managers of successful companies. Last but not least, we recommend the book to those who, as university or college students, are now getting to know the basics of economics in order to gain a complex, comprehensive, integrated approach to the interests of all stakeholders. László Reszegi, Associate Professor of the Budapest University of Economics and Public Administration "The book provides the latest thoughts on the creation of ownership value for all frontline fighters - i.e. all of us - from the perspective of society to answering detailed professional questions. I recommend this book to anyone who is seriously interested in regarding the role of corporations in the market economy." Stephen F. Bollenbach, President and CEO of Hilton Hotels "The concept of owner value creation formulated in the 1980s has now become accepted in the world, and some domestic companies are also beginning to recognize its importance. that they strive to maximize the owner's value. This specialist book is an excellent read not only for company managers, company valuation specialists and investors, but also for the 'layman' reader interested in the topic to get an idea of how much an owner's share in a company can be worth." Judit Lovas, financial and capital market journalist for the daily newspaper Világgazdaság, "in his book, Alfred Rappaport reaffirms his reputation as the father of the owner's value approach. This book is an invaluable resource for anyone who is committed to creating owner's value or who teaches it. Owner's value it not only presents the basic principles and theoretical underpinnings of the discussed topic, but also its practical applications." Alan Shapiro, professor of finance at the University of Southern California