New Metrics For Value Based Management
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New Metrics For Value Based Management
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Author : Annette Holler
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-11-07
New Metrics For Value Based Management written by Annette Holler and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11-07 with Mathematics categories.
Annette Holler introduces two new depreciation-adjusted value metrics. Furthermore, a case study illustrates the depreciation-related bias. A regression analysis adds to previous evidence on associations of value creation with stock returns and firm values.
Eva And Value Based Management A Practical Guide To Implementation
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Author : S. David Young
language : en
Publisher: McGraw Hill Professional
Release Date : 2000-12-13
Eva And Value Based Management A Practical Guide To Implementation written by S. David Young and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-12-13 with Business & Economics categories.
Economic Value Added (EVA) and Value Based Management (VBM) are today’s hottest management buzzwords. But written information has often been biased and clouded by the authors’ hidden agendas. EVA and Value-Based Management is the first book to unflinchingly discuss the pros and cons of EVA and VBM. Covering both implementation and conceptual issues, with a strong emphasis on performance measurement, value drivers, and management compensation, it allows readers to come to their own informed conclusions.
Value Based Metrics
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Author : Frank J. Fabozzi
language : en
Publisher: John Wiley & Sons
Release Date : 2000-06-15
Value Based Metrics written by Frank J. Fabozzi and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-06-15 with Business & Economics categories.
Investors, shareholders, and corporate leaders looking for an edge in today's New Economy are moving beyond traditional accounting yardsticks toward new means of gauging performance and profitability. An increasing number of Wall Street analysts and corporate boards are adopting value-based metrics such as EVA, MVA, and CFROI as a measure of a firm's profitability because these standards adjust for all of the firm's cost of capital - equity as well as debt. James Grant tackled the issue of economic value added in its infancy with Foundations of Economic Value Added - one of the first primers on the topic, endorsed by its creator, G. Bennett Stewart. Now, in Value Based Metrics: Foundations and Practice, he and Frank Fabozzi head a team of some of the leading proponents of value based metrics on both the investment management side and the corporate side. This comprehensive reference outlines how corporations and analysts can use value based metrics to more accurately measure the financial performance of individual companies, industries, and economies, as well as how to get an edge in today's turbulent market.
Valuation
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Author : McKinsey & Company Inc.
language : en
Publisher: John Wiley & Sons
Release Date : 2010-07-16
Valuation written by McKinsey & Company Inc. and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-16 with Business & Economics categories.
The number one guide to corporate valuation is back and better than ever Thoroughly revised and expanded to reflect business conditions in today's volatile global economy, Valuation, Fifth Edition continues the tradition of its bestselling predecessors by providing up-to-date insights and practical advice on how to create, manage, and measure the value of an organization. Along with all new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect new developments in corporate finance, changes in accounting rules, and an enhanced global perspective. Valuation, Fifth Edition is filled with expert guidance that managers at all levels, investors, and students can use to enhance their understanding of this important discipline. Contains strategies for multi-business valuation and valuation for corporate restructuring, mergers, and acquisitions Addresses how you can interpret the results of a valuation in light of a company's competitive situation Also available: a book plus CD-ROM package (978-0-470-42469-8) as well as a stand-alone CD-ROM (978-0-470-42457-7) containing an interactive valuation DCF model Valuation, Fifth Edition stands alone in this field with its reputation of quality and consistency. If you want to hone your valuation skills today and improve them for years to come, look no further than this book.
Value Based Management
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Author : Gary Ashworth
language : en
Publisher: FT Prenticehall
Release Date : 2001
Value Based Management written by Gary Ashworth and has been published by FT Prenticehall this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Corporations categories.
Delivering shareholder value is at the top of every board's agenda. However, whilst the creation and delivery of shareholder value has become a central business mantra, too often the focus is on a few key value-based metrics that in themselves deliver little real and lasting business benefit. Value-based management provides an appropriate external and internal communication information framework to help companies' strategic thinking on how value will be created and delivered. With the economy and markets evolving at an ever-faster rate, fresh challenges are emerging on how to recognise, measure and manage value. This briefing considers these challenges and puts forward a blueprint for how they should be addressed from a value creation perspective. It offers a practical toolkit for achieving value-based management, backed up with comprehensive case studies and diagrams to enforce key learning points.Contents include: Value-based management: The full perspective Value metrics as an essential element of VBM Value creation from a strategic corporate perspective Value recognition Value alignment Value creation from the internal delivery perspective Value management Value delivery in the new e-economies
Value Based Management With Corporate Social Responsibility
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Author : John D. Martin
language : en
Publisher: Oxford University Press
Release Date : 2009-08-19
Value Based Management With Corporate Social Responsibility written by John D. Martin and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-19 with Business & Economics categories.
As the first decade of the 21st century winds down we have seen a sea change in society's attitudes toward finance. The 1990s can best be described as the decade of shareholder supremacy, with each firm trying to outdo the other in their allegiance to shareholder value creation, or as it came to be known, Value-Based Management (VBM). No one seemed to question this culture as the rising firm valuations translated into vast wealth creation for so many. Three significant economic events have reshaped how the public feels about an unbridled devotion to VBM and have defined the last decade: the dot.com bubble in 2000, the infamous accounting scandals of 2001, and the collapse of the credit markets in 2007-2008. In all three of these events the CEOs were portrayed as reckless and greedy and Wall Street went from an object of admiration to an object of scorn. The first edition of this book, Value Based Management: The Corporate Response to the Shareholder Revolution was written to help explain the underpinnings of Value-Based Management. At the time of its publication, few questioned whether the concept was the proper thing to do. Instead, the debate was focused on how to implement a VBM program. With this new second edition, the authors look at VBM after having seen it through good times and bad. It is not their intent to play the blame game or point fingers. Nor is it their intent to provide an impassioned defense of VBM. Instead they provide an academic appraisal of VBM, where is has been, where it is now, and where they see it going.
Investor Expectations In Value Based Management
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Author : Magdalena Mikołajek-Gocejna
language : en
Publisher: Springer
Release Date : 2014-06-27
Investor Expectations In Value Based Management written by Magdalena Mikołajek-Gocejna and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-27 with Business & Economics categories.
Understanding the process of shaping investor expectations is essential to describe and predict changes in the value of assets on the financial markets, especially stock prices on the capital markets and thus the value of companies listed on them. The main objective of this book is to include the investor expectations in the concept of enterprise value management and measurement of shareholders value creation. It seems that the role of expectations, as a determinant of investment decisions on the capital market, requires a deep insight and highlight the importance of managing the expectations for creating value for shareholders, in particular in the context of the financial crisis of 2007-2009. Creating value for shareholders is to overcome investor expectations for the rate of return on their initial investment. That means that managers must understand how investors build their expectations. According to studies conducted by T. Copeland and A. Dolgoff'a there is a strong and statistically significant relation between the shareholders returns and the two types of variables: changes in expectations for the future earnings and changes in the level of interference of provided information. Almost 50% of the variance of return rates can be explained by these two variables. Studies have also shown that changes in expectations for long-term profits have a significant and immediate impact on the share price. Readers of this book will be able to understand the process of investor expectation formulation, will know how to create value in response to investor expectations and how to consciously shape investor expectations in order to increase company value.
Value Based Management
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Author : Robert Scarlett
language : en
Publisher: Elsevier
Release Date : 2001-12-31
Value Based Management written by Robert Scarlett and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-12-31 with Architecture categories.
Over the last 25 years a disparate body of management techniques has been developed which seeks to ensure that a business process creates the highest possible value for the owners of, and other stakeholders in, that process. The relevant techniques relate to performance evaluation, decision-making, strategy and organisation. The practical application of these techniques is known as 'value-based management'. This text seeks to explore value-based management through a study of writings in newspapers, professional journals, academic publications, and technical manuals. Most writings included are extracts from longer publications or abridged versions of original articles. * Provides an overview of value-based management in a concise and accessible format * Incorporates case studies and journal articles alongside ground breaking research papers * Perfect for the practitioner pressed for time but needing to keep up to date
Outperform With Expectations Based Management
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Author : Tom Copeland
language : en
Publisher: John Wiley & Sons
Release Date : 2011-09-28
Outperform With Expectations Based Management written by Tom Copeland and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09-28 with Business & Economics categories.
CEOs and managers live and die by delivering superior performance to shareholders. This is why expectations-based management has been developed. Outperform with Expectations-Based Management (EBM) introduces a revolutionary new performance metric that links performance standards, performance measurement, and the achievement of performance. It's easy to say that if a CEO can get performance measurement right, then performance improvement will follow. But what is the "right" measure of performance, and how do you use it to improve performance? Authors Tom Copeland and Aaron Dolgoff answer these questions and many more, as they show you how to find the measure of performance that has the strongest link to the creation of wealth for the owners of both public and private companies. They answer the puzzle of why growth in earnings is not correlated with shareholder returns and explain the under- and over-investment traps. And they explain how clear communications to investors and managers alike improve value. The bottom line is that share prices go up when companies exceed expectations -- short-term and long-term -- of income statement and balance sheet performance and daily operating value drivers. Gain a complete understanding of EBM and discover how to do this, and much more, while staying competitive in an unforgiving business environment.
Value Based Performance Measures
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Author : Nils Eikelmann
language : en
Publisher: Springer Nature
Release Date : 2020-08-19
Value Based Performance Measures written by Nils Eikelmann and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-19 with Business & Economics categories.
Nils Eikelmann describes the framework conditions for the application of value-based performance measures and critically analyses selected ones. The disclosure of value-based performance indicators is important in order to demonstrate the successful management of a company and to satisfy the increasing information needs of investors. However, companies adapt the developed theoretical concepts of value-based performance measures to their practical needs and thus investors are no longer able to compare the performance of companies. In addition, there is a variety of different metrics from which companies can choose. The empirical study aims to reduce existing research gaps and is divided into three parts: the analysis of annual reports of selected European companies, the calculation of a standardised value-based performance measure and a value relevance study in the form of an association study.