Izvestiya of Saratov University.
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


capitalization of company

Value Based Management as Innovative Principle of Firm Strategies in Russia

The paper is about innovative principle of firm purpose function – value based management. The criterium of undertaking management decisions, strateges and progects is the growth of the stakeholders wealth. The methods of undertaking management decisions, the role of the cash flows prognostication, discounting process, the creation of the firm cost capital, connection of company capitalization and market power are considered in this paper.