7
Underlying analysis and key value drivers 109
Generic operational value drivers
There are a large number of variables suitable for analysis in the areas of
industry structure and intellectual capital that influence the value of a
company. Sifting through all of these variables is time-consuming and to
some extent unnecessary, which is the reason why most people who work
with valuation choose a smaller number of variables to focus on.
In a study conducted at Stockholm School of Economics by the authors of
this book in 1998, it was concluded that seven main non-financial value
drivers seemed to have such general value impact that they verged on
being generic. The Royal Swedish Academy of Engineering Sciences first
published these findings ...