Shareholder Value Explained

Alan Warner , Allison Hennell

Today companies come under intense pressure to create and measure shareholder value. Managers need to get to grips with performance measures in order to do so. But which of the numerous value creation models should you adopt? This best-selling briefing - now revised and updated in a second edition - provides a much needed independent review of the different value creation models and offers practical advice on how such a system should be implemented. The viability of alternative approaches is assessed through practical examples. The briefing then explores the ways in which you can maximise shareholder value at both strategic and operational levels within your company.Contents include:Financial performance measurement in context Operational measures of business performance Shareholder ratios Economic value added Other approaches to measuring shareholder value at corporate level Cascading shareholder value measures into the business Value based management Case studiesFeatures new content on:economic value added (EVA) total shareholder return (TSR) cashflow return on investment (CFROI) updated case study material
  • Limba : Engleza
  • Cuprins :

    List of figures


    List of abbreviations

    The broader context of financial performance measurement

    • WYMIWYG – what you measure is what you get!
    • The implications of WYMIWYG for shareholder value measurement
    • The creation of shareholder value
    • The problems of applying the shareholder value equation to measure performance
    • The benefits of an integrated and balanced performance measurement system

    Operational measures of business performance

    • The objectives of financial analysis
    • Key operational measures
    • The cascading power of ROCE
    • Cash flow analysis – the operational perspective

    Shareholder ratios

    • Ratios from published accounts
    • Ratios from stock market information
    • The impact of gearing
    • Cash flow

    Economic value added

    • What is EVA?
    • How to derive EVA
    • Other adjustments to arrive at economic profit
    • Data Publicarii : 2001
    • Editie : 2
    • Format : Paperback
    • Numar pagini : 128
    • ISBN : 9780273653035
    587.99 Lei

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