Managing for increased market value

a case study of a new management philosophy

Document identifier:
Publication year: 2005
Relevant Sustainable Development Goals (SDGs):
SDG 8 Decent work and economic growthSDG 16 Peace, justice and strong institutionsSDG 9 Industry, innovation and infrastructure
The SDG label(s) above have been assigned by


The aim of this study is to describe the international forest company SCA's governance and measurements for increased shareholder value. Value-based management (VBM) focuses on the concept of cash flow in contrast to traditional, accounting-based standards. Our analytical framework is a combination of models of VBM-processes and value creation. Using this framework, we map out and analyse the value creation activities whereby we also examine the applied cash value added model (CVA). Finally, we present a construct of the value-based process, which we consider to be not only a governance model but also a new management philosophy at the company.


Christer Peterson

Other publications >>

A. Holmqvist

Handelshögskolan Vid Umeå Universitet
Other publications >>

M. Åström

Handelshögskolan Vid Umeå Universitet
Other publications >>

Record metadata

Click to view metadata