Unlocking Hidden Value: How Listed Companies Are Creating Excess Wealth
The article discusses how companies can create value for their owners by using a concept called Expectations Based Management. It looks at how to measure this value creation and introduces the idea of excess value. The study focused on 20 companies in Poland from 2008 to 2013 in sectors like energy and chemicals. The research found that excess market value added is a better indicator of changes in a company's market value compared to traditional measures, taking into account what shareholders expect.