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- DescriptionManagement literature is full of examinations of so-called managerial excellence: firms such as GM, IBM, and DuPont have been managed in an exemplary fashion which others might emulate. Works such as Peters & Waterman's In Search of Excellence have extolled these firms as models for the future. In his new book, Ghosh responds to the hyberbole in this literature by taking a hard, analytical look at the real financial performance of such firms. His study of the financial performance of these well-kwn firms during the last twenty-five years (1960-1984), brings out significant findings that are invaluable to the investing public as well as to finance and management analysts. Taking a list of these best-run companies and a control sample from the Fortune 500, the author applies sophisticated statistical and ecometric tools to analyze their performance, comparing the excellent firms with the control group. By using these analytical techniques, Ghosh is able to determine whether these firms were indeed excellent from both the management's and stockholders' point of view. Over the period studied here, Ghosh discovers that the excellence of these firms has been transitory at best, that in most respects the control group has surpassed the excellent group in financial performance and market valuation in the long run, and that the excellent group has t exceeded the performance or the market generally. Given these results, Ghosh has called into question the whole 1980s tion of excellence (what it is and what it is t) and which firms are to be emulated for the long-term good of the U.S. ecomy. This book will have wide public appeal and be of special interest to scholars in management, finance, and ecomic history, as well as to financial and management analysts.
- Author BiographyARABINDA GHOSH is an Associate Professor of Economics and Finance at the School of Management, William Patterson College of New Jersey. He is the author of OPEC, the Petroleum Industry and the United States Energy Policy (Quorum Books, 1983) and Competition and Diversification in the United States Petroleum Industry (Quorum Books, 1985). His articles have appeared in such publications as the The Wall Street Journal, The Oil Daily, The Antitrust Bulletin, The Indian Economic Journal, The Journal of Industrial Economics, and The Journal of Portfolio Mangement, and The North American Review of Economics and Finance.
- Author(s)Arabinda Ghosh
- Date of Publication20/11/1989
- SubjectManagement & Business: General
- Place of PublicationWestport
- Country of PublicationUnited States
- ImprintPraeger Publishers Inc
- Content Noteblack & white illustrations
- Weight429 g
- Width156 mm
- Height234 mm
- Spine11 mm
- Format DetailsLaminated cover
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