Creating Shareholder Value A Guide for Managers and Investors

ISBN-10: 0684844109
ISBN-13: 9780684844107
Edition: 2nd 1997 (Revised)
Authors: Alfred Rappaport
List price: $37.00 Buy it from $3.15
30 day, 100% satisfaction guarantee

If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.

Learn more about our returns policy

Description: The ultimate test of corporate strategy is whether it creates economic value for shareholders, according to Rappaport. This business classic provides guidance for managers on how to select and implement tactics that will create the most value.

Used Starting from $18.47
New Starting from $28.07
what's this?
Rush Rewards U
Members Receive:
coins
coins
You have reached 400 XP and carrot coins. That is the daily max!
You could win $10,000

Get an entry for every item you buy, rent, or sell.

Study Briefs

Limited time offer: Get the first one free! (?)

All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

Add to cart
Study Briefs
Periodic Table Online content $4.95 $1.99
Add to cart
Study Briefs
Business Ethics Online content $4.95 $1.99
Add to cart
Study Briefs
Business Law Online content $4.95 $1.99

Customers also bought

Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading

Book details

List price: $37.00
Edition: 2nd
Copyright year: 1997
Publisher: Free Press
Publication date: 12/1/1997
Binding: Hardcover
Pages: 224
Size: 6.75" wide x 9.50" long x 1.00" tall
Weight: 1.254
Language: English

The ultimate test of corporate strategy is whether it creates economic value for shareholders, according to Rappaport. This business classic provides guidance for managers on how to select and implement tactics that will create the most value.

List of Illustrations
Preface
Shareholder Value And Corporate Purpose
Management Versus Shareholder Objectives
Shareholders and Stakeholders
Shareholders Are "Us"
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)
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
Formulating Strategies
Strategy Formulation Process
Competitive Advantage and Shareholder Value
Strategy "Best Sellers"
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?
Value-Creation Questions
Stock Market Signals To Management
Reading the Market
Corporate Versus Shareholder Rate of Return
Management Implications
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
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
Implementing Shareholder Value
Implementation Objectives
Gaining Commitment
Introducing Shareholder Value
Reinforcing Shareholder Value
The Shareholder Scoreboard
A Rising Tide Doesn't Lift All Stocks
Investing as a Game of Expectations
Notes
Index
About the Author

×
Free shipping on orders over $35*

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

Learn more about the TextbookRush Marketplace.

×