Creating shareholder value : the new standard for business performance /

Creating shareholder value : the new standard for business performance /

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Bibliographic Details
Author / Creator:Rappaport, Alfred
Imprint:New York : Free Press ; London : Collier Macmillan, c1986.
Description:xv, 270 p. : ill. ; 25 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/877474
Hidden Bibliographic Details
ISBN:0029257204
Notes:Includes index.
Bibliography: p. 241-257.
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

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