Stern Stewart & Co
Encyclopedia
Stern Stewart & Co is a worldwide management consulting firm founded in New York
in 1982. The company developed the Economic value added
concept and currently owns the trademark. The current CEO and chairman of Stern Stewart & Co., New York is Joel M. Stern
. Its core businesses is management consulting and research; focusing on implementing its proprietary Economic value added
methodology.
The firm also has a sister company called Stern Stewart Capital Partners, SSCP, based in Singapore which labels itself as a transactional advisor, corporate financier and funding partner. Stern Stewart Capital Partners acts as an advisor on corporate transactions and takes equity stakes in most of the firms that it assists.
in 2004.
methodology in over 860 companies globally in all industries; ranging from banking to resource companies and industial concerns to services businesses in all geographies. The firm believes the technology is applicable to all businesses and the secret lies in customising the metric to suit the particular organisation's culture and strategic drivers. The firm has published numerous books on the subject.
Stern Stewart Capital Partners, however, focuses on five key industries namely (i) energy - specifically alternative, cleaner energy sources (ii) resource technologies - rather than investing in the mineral resources itself it prefers new methods of mining and upgrading those resources (iii) financial services - including insurance and banking for the developing markets (iv) logistics and warehousing - areas that promote free trade in underserviced areas and (v) consumer products such as non-alcoholic beverages.
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
in 1982. The company developed the Economic value added
Economic value added
In corporate finance, Economic Value Added or EVA, a registered trademark of Stern Stewart & Co., is an estimate of a firm's economic profit – being the value created in excess of the required return of the company's investors . Quite simply, EVA is the profit earned by the firm less the cost of...
concept and currently owns the trademark. The current CEO and chairman of Stern Stewart & Co., New York is Joel M. Stern
Joel Stern
Joel M. Stern is Chairman and Chief Executive Officer of Stern Stewart & Co., and the creator and developer of Economic Value Added . He is a recognized authority on financial economics, corporate performance measurement, corporate valuation and incentive compensation and is a pioneer and leading...
. Its core businesses is management consulting and research; focusing on implementing its proprietary Economic value added
Economic value added
In corporate finance, Economic Value Added or EVA, a registered trademark of Stern Stewart & Co., is an estimate of a firm's economic profit – being the value created in excess of the required return of the company's investors . Quite simply, EVA is the profit earned by the firm less the cost of...
methodology.
The firm also has a sister company called Stern Stewart Capital Partners, SSCP, based in Singapore which labels itself as a transactional advisor, corporate financier and funding partner. Stern Stewart Capital Partners acts as an advisor on corporate transactions and takes equity stakes in most of the firms that it assists.
Consulting
The company focuses its activities on portfolio strategy and valuation, and corporate management and organization.Research
Stern Stewart & Co encourages its consultants to contribute to the professional literature. The company started the Journal of Applied Corporate Finance, which was acquired by Morgan StanleyMorgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
in 2004.
Industry Focus
Stern Stewart & Co has implemented its Economic value addedEconomic value added
In corporate finance, Economic Value Added or EVA, a registered trademark of Stern Stewart & Co., is an estimate of a firm's economic profit – being the value created in excess of the required return of the company's investors . Quite simply, EVA is the profit earned by the firm less the cost of...
methodology in over 860 companies globally in all industries; ranging from banking to resource companies and industial concerns to services businesses in all geographies. The firm believes the technology is applicable to all businesses and the secret lies in customising the metric to suit the particular organisation's culture and strategic drivers. The firm has published numerous books on the subject.
Stern Stewart Capital Partners, however, focuses on five key industries namely (i) energy - specifically alternative, cleaner energy sources (ii) resource technologies - rather than investing in the mineral resources itself it prefers new methods of mining and upgrading those resources (iii) financial services - including insurance and banking for the developing markets (iv) logistics and warehousing - areas that promote free trade in underserviced areas and (v) consumer products such as non-alcoholic beverages.