Creating shareholder value : a guide for managers and investors /
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| Author / Creator: | Rappaport, Alfred. |
|---|---|
| Edition: | Rev. and updated. |
| Imprint: | New York : Free Press, c1998. |
| Description: | xviii, 205 p. : ill. ; 24 cm. |
| Language: | English |
| Subject: | Corporations -- Valuation. Stocks -- Prices. Corporate profits. Investments -- Accounting. Corporate profits. Corporations -- Valuation. Investments -- Accounting. Stocks -- Prices. |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/2906181 |
Table of Contents:
- List of Illustrations
- Preface
- Chapter 1. Shareholder Value And Corporate Purpose
- Management Versus Shareholder Objectives
- Shareholders and Stakeholders
- Shareholders Are "Us"
- Chapter 2. Shortcomings Of Accounting Numbers
- Earnings-An Unreliable Bottom Line
- The Trouble with Accounting Return on Investment (ROI)
- ROI Versus DCF Return Illustrated
- Additional Shortcomings of ROI
- Shortcomings of Return on Equity (ROE)
- Chapter 3. Shareholder Value Approach
- Estimating Shareholder Value
- Estimating Shareholder Value Added (SVA)
- Threshold Margin
- The Shareholder Value Network
- Appendix: Conventional Versus Shareholder Value Break-Even Analysis
- Chapter 4. Formulating Strategies
- Strategy Formulation Process
- Competitive Advantage and Shareholder Value
- Strategy "Best Sellers"
- Chapter 5. Valuing Strategies
- Strategy Valuation Process
- Valuing Alternative Business Opportunities
- Valuing Interdivisional Synergies
- Choosing Optimal Investment Level for a New Business
- Do Stock Repurchases Create Value?
- 10. Value-Creation Questions
- Chapter 6. Stock Market Signals To Management
- Reading the Market
- Corporate Versus Shareholder Rate of Return
- Management Implications
- Chapter 7. Performance Evaluation And Executive Compensation
- CEOs and Other Corporate-Level Executives
- Operating Managers
- Performance Evaluation Alternatives-Shareholder Value Added (SVA)
- Performance Evaluation Alternatives-Residual Income
- Performance Evaluation Alternatives-Economic Value Added (EVA)
- Performance Evaluation Alternatives-Change in Residual Income or Change in EVA
- Leading Indicators of Value
- Target Level of Performance
- Linking Rewards to Superior Performance
- Chapter 8. Mergers And Acquisitions
- The Acquisition Process
- Value Creation Framework
- Do Mergers Create Value for the Acquiring Company?
- Gillette's Acquisition of Duracell International
- Premium Advice for Targets
- Chapter 9. Implementing Shareholder Value
- Implementation Objectives
- Gaining Commitment
- Introducing Shareholder Value
- Reinforcing Shareholder Value
- Chapter 10. The Shareholder Scoreboard
- A Rising Tide Doesn't Lift All Stocks
- Investing as a Game of Expectations
- Notes
- Index
- About the Author
