in mergers and acquisitions. Topics covered include value drivers and target valuation, design of consideration,
board room response to hostile takeovers and the empirical evidence on mergers.
Performance Measurement and Incentive Compensation
One of the most important tools that owners and managers have is the design and implementation of:
- The ownership and governance structure of organizations
- Performance measurement and reward systems
The chapter on EVA provides a general framework for how to analyze, build, and manage these structures
and systems. The goal is to understand how governance and incentive strategy affects individual, team and
company performance, and to give readers a powerful way to think about organizational problems and their
solutions.
18 Corporate Finance