The market value of equity; this is usually determined by the future cash flows discounted to the reference date, less the market value of debt. – The return a shareholder earns on his or her shareholding, compared with the return on an approximately equal investment (the amount of interest the shareholders of a company could earn on their money invested in the firm, in an alternative investment at the same level of risk). – The present value of the future dividend stream expected to be generated by a company. – Understood as a corporate objective: all efforts to achieve a high but healthy increase in the value of the company in the interests of shareholders and employees (attempts of the management of a company to attain financial value to its shareholders, which are its literal owners, as well as to its employees). – There are also a number of other, but basically similar definitions of this term.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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