Trade-off between Investor’s Short- and Long-term Goals

52. RTU Starptautiskā zinātniskā konference: RTU IEVF Ekonomikas un uzņēmējdarbības zinātniskā konference (SCEE’ 2011): konferences ziņojumu tēžu krājums 2011
Jūlija Bistrova, Nataļja Lāce

Latest studies and financial literature are analyzed to determine the factors, which influence long-term shareholder value maximization, which is ultimately the goal of the investor and the corporation itself. Content analysis showed that the key to return sustainability is high quality of corporate governance, ethics and social responsibility as well as plausible capital budgeting policy. Moreover, the road to long-term shareholder return sustainability often is “paved” by innovations. Based on the findings the authors propose the model which help to create optimal portfolio with the aim to achieve highest shareholder value in the long-term by managing the risks associated with the above-mentioned factors.

Keywords
shareholder value, investor goal, stakeholder theory, corporate governance, ethics, capital budgeting

Bistrova, J., Lāce, N. Trade-off between Investor’s Short- and Long-term Goals. In: 52. RTU Starptautiskā zinātniskā konference: RTU IEVF Ekonomikas un uzņēmējdarbības zinātniskā konference (SCEE’ 2011): konferences ziņojumu tēžu krājums, Latvia, Rīga, 7-7 October, 2011. Rīga: RTU Izdevniecība, 2011, pp.27-28. ISBN 978-9934-10-202-8.

Publication language
English (en)