Screen LibraryCreating shareholder value：the new standard for business performance
Saved in:
| Main Authors: | |
|---|---|
| Published: |
Free Press Collier Macmillan,
|
| Publisher Address: | New York London |
| Publication Dates: | c1986. |
| Literature type: | Book |
| Language: | English |
| Subjects: | |
| Carrier Form: | xv, 270 p.: ill. ; 25 cm. |
| ISBN: |
0029257204 (cloth) 9780029257203 |
| Index Number: | F275 |
| CLC: | F275.6 |
| Call Number: | F275.6/R221 |
| Contents: |
Donation. Bibliographical references(p. 241-257) and index. 1. Shareholder value and corporate purpose; Management versus shareholder objectives; Shareholders and stakeholders; Shareholders are "us" -- Shortcomings of accounting numbers -- 2. Shareholder value approach; 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) -- 3. Shareholder value approach; Estimating shareholder value; Estimating shareholder value added (SVA); Threshold margin; The shareholder value network -- 4. Formulating strategies; Strategy formulation process; Competitive advantage and shareholder value; Strategy "best seller" -- 5. Valuing strategies; Strategy valuation process; Valuing alternative business opportunities; Valuing interdivisional synergies; Choosing optimal investment level for a newbusinesss; Do stock repurchases create value?; Ten value-creation questions -- 6. Stock market signals to management; Reading the market; Corporate versus shareholder rate of return; Management implications -- 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; 8. Mergers and acquisitions; The acquisition process; Value creation framework; Do mergers create value for theacquiringg company?; Gillete's acquisition of Duracell International; Premium advice for targets -- 9. Implementing shareholder value; Implementing objectives; Gaining commitment; Introducing shareholder value; Reinforcing shareholder value -- 10. The shareholder scoreboard; A rising tide doesn't lift all stocks; Investing as a game of expectations. |