John Martin holds the Carr P. Collins Chair in Finance in the Hankamer School of Business at Baylor University where he teaches in the Baylor EMBA programs. Over his career he has published over 50 articles in the leading finance journals and served in a number of editorial positions including the co-editorship of the FMA Survey and Synthesis Series for the Oxford University Press.J. William "Bill" Petty is Professor of Finance and the W.W. Caruth Chairholder of Entrepreneurship at Baylor University.James S. Wallace is an Associate Professor at The Peter F. Drucker and Masatoshi Ito Graduate School of Management at The Claremont Graduate University. Prior to his career in academics, Professor Wallace worked in public accounting and in industry with a Fortune 500 Company. He has done consulting work with numerous companies in multiple industries.

With this edition, Martin, Petty, and Wallace continue to push the envelope on corporate valuation, governance, and social responsibility. With today's economic challenges, considering the interests of all stakeholders is paramount to the success of the firm. Maximizing shareholder value in isolation is no longer socially acceptable. The authors get it right with thought provoking theories on value-based management that is supported by extensive empirical evidence and practical applications.

• PART I: VALUE BASED MANAGEMENT, CORPORATE SOCIAL RESPONSIBILITY, AND THE PURPOSE OF THE CORPORATION ; PART II: THE FINER DETAILS OF VALUE BASED MANAGEMENT AND CORPORATE SOCIAL RESPONSIBILITY ; PART III: VBM APPLICATIONS ; EPILOGUE: WHERE WE ARE NOW ; ENDNOTES

John Martin holds the Carr P. Collins Chair in Finance in the Hankamer School of Business at Baylor University where he teaches in the Baylor EMBA programs. Over his career he has published over 50 articles in the leading finance journals and served in a number of editorial positions including the co-editorship of the FMA Survey and Synthesis Series for the Oxford University Press.J. William "Bill" Petty is Professor of Finance and the W.W. Caruth Chairholder of Entrepreneurship at Baylor University.James S. Wallace is an Associate Professor at The Peter F. Drucker and Masatoshi Ito Graduate School of Management at The Claremont Graduate University. Prior to his career in academics, Professor Wallace worked in public accounting and in industry with a Fortune 500 Company. He has done consulting work with numerous companies in multiple industries.

With this edition, Martin, Petty, and Wallace continue to push the envelope on corporate valuation, governance, and social responsibility. With today's economic challenges, considering the interests of all stakeholders is paramount to the success of the firm. Maximizing shareholder value in isolation is no longer socially acceptable. The authors get it right with thought provoking theories on value-based management that is supported by extensive empirical evidence and practical applications.

• PART I: VALUE BASED MANAGEMENT, CORPORATE SOCIAL RESPONSIBILITY, AND THE PURPOSE OF THE CORPORATION ; PART II: THE FINER DETAILS OF VALUE BASED MANAGEMENT AND CORPORATE SOCIAL RESPONSIBILITY ; PART III: VBM APPLICATIONS ; EPILOGUE: WHERE WE ARE NOW ; ENDNOTES

John Martin holds the Carr P. Collins Chair in Finance in the Hankamer School of Business at Baylor University where he teaches in the Baylor EMBA programs. Over his career he has published over 50 articles in the leading finance journals and served in a number of editorial positions including the co-editorship of the FMA Survey and Synthesis Series for the Oxford University Press.J. William "Bill" Petty is Professor of Finance and the W.W. Caruth Chairholder of Entrepreneurship at Baylor University.James S. Wallace is an Associate Professor at The Peter F. Drucker and Masatoshi Ito Graduate School of Management at The Claremont Graduate University. Prior to his career in academics, Professor Wallace worked in public accounting and in industry with a Fortune 500 Company. He has done consulting work with numerous companies in multiple industries.

With this edition, Martin, Petty, and Wallace continue to push the envelope on corporate valuation, governance, and social responsibility. With today's economic challenges, considering the interests of all stakeholders is paramount to the success of the firm. Maximizing shareholder value in isolation is no longer socially acceptable. The authors get it right with thought provoking theories on value-based management that is supported by extensive empirical evidence and practical applications.

• PART I: VALUE BASED MANAGEMENT, CORPORATE SOCIAL RESPONSIBILITY, AND THE PURPOSE OF THE CORPORATION ; PART II: THE FINER DETAILS OF VALUE BASED MANAGEMENT AND CORPORATE SOCIAL RESPONSIBILITY ; PART III: VBM APPLICATIONS ; EPILOGUE: WHERE WE ARE NOW ; ENDNOTES