SHAREHOLDER RETURNS AND CORPORATE EXCELLENCE

Abstract

Superior firms are those which create shareholder wealth. The most direct way to measure shareholder wealth is by examining the worth of dividends plus share‐price appreciation. The authors contend that the companies chosen as excellent by Peters and Waterman, in their book, In Search of Excellence, fail to show superior shareholder wealth creation.

Citation

Johnson, W.B., Natarajan, A. and Rappaport, A. (1985), "SHAREHOLDER RETURNS AND CORPORATE EXCELLENCE", Journal of Business Strategy, Vol. 6 No. 2, pp. 52-62. https://doi.org/10.1108/eb039109