Question: RAF AF L : Right So , how useful would a firm's book value be for assessing the performance of Galaxy's management? ASHA: Well, because

RAF AF L : Right So, how useful would a firm's book value be for assessing the performance of Galaxy's management?
ASHA: Well, because Galaxy's book value with changes in the market price of the firm's shares, the firm's book value
reflect management's effors to maximize the shareholder wealth and therefore the uned to evoluate management's performance.
Now, what about "Market Value Added"?
RAFAFL: During the 1990s, the consulting firm Stern, Stewart

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