Economic Value Added for Competitive Advantage

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Publisher : Cambridge Scholars Publishing
ISBN 13 : 1527525880
Total Pages : 176 pages
Book Rating : 4.5/5 (275 download)

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Book Synopsis Economic Value Added for Competitive Advantage by : Saurabh Sri

Download or read book Economic Value Added for Competitive Advantage written by Saurabh Sri and published by Cambridge Scholars Publishing. This book was released on 2019-01-15 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Value Added (EVA®) has been a much discussed concept that has assisted in the turnaround of a number of multinational enterprises across the world. It is based upon the theory of ‘economic profit’ that enables companies to capture and create wealth both for themselves and their stakeholders. The strategic decisions of performance and posturing can be grounded upon gaining competitive advantage through mapping economic profits. Existing studies on competitive advantage primarily discuss the meaning, definitions, and sources thereof. However, there are few contributions that discuss how competitive advantage can be measured specifically with respect to Indian companies. This book bridges that gap and advocates that the EVA® can be used to measure and establish the competitive advantage for Indian firms. It is based upon an in-depth study of such companies to explore the extent of use of EVA® in the top BT500 companies in India. It shows that the companies that use EVA® have a distinct competitive advantage over their competitors.

Foundations of Economic Value Added

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Publisher : John Wiley & Sons
ISBN 13 : 047147181X
Total Pages : 339 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Foundations of Economic Value Added by : James L. Grant

Download or read book Foundations of Economic Value Added written by James L. Grant and published by John Wiley & Sons. This book was released on 2003-05-13 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: An updated look at the role of economic profit analysis in the process of wealth creation Grant explains the pivotal role of economic value added (EVA) in the theory of finance, how to measure EVA with standard accounting adjustments, how to use EVA to value companies and their stock, and how to use economic profit principles to identify wealth-creating firms, industries, and even market economies.

Economic Value Added

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Author :
Publisher : Allen & Unwin
ISBN 13 : 9781875889310
Total Pages : 420 pages
Book Rating : 4.8/5 (893 download)

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Book Synopsis Economic Value Added by : Craig Savarese

Download or read book Economic Value Added written by Craig Savarese and published by Allen & Unwin. This book was released on 2000 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: A true 'how-to' guide for creating and measuring shareholder value in a company. The book guides the reader through detailed implementation steps, and helps companies make important decisions on a wide range of financial management issues relevant to the Australian business environment.

The Quest for Value

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Publisher : Harper Collins
ISBN 13 : 0887304184
Total Pages : 826 pages
Book Rating : 4.8/5 (873 download)

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Book Synopsis The Quest for Value by : G. Bennett Stewart

Download or read book The Quest for Value written by G. Bennett Stewart and published by Harper Collins. This book was released on 1991-02-12 with total page 826 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this bestselling classic of financial management, G. Bennett Stewart, III, raises and answers these provocative questions: Do dividends matter? Are earnings per share really accurate measures of corporate performance? What is the engine that really drives share prices? More than that, Stewart lays the foundation for EVAr, the financial management and incentive system now in place at nearly 300 companies around the world, and which is rapidly becoming the global standard for corporate governance. Managers, confused about what investors really want, often find it difficult to reach informed decisions regarding business strategy, acquisitions and divestitures, financial structure, dividend policy, and executive compensation. But now an EVAr -based revolution is providing a practical framework that managers can use to build a premium-valued company. At the forefront of this revolution is the consulting firm of Stern Stewart & Co., of which G. Bennett Stewart, III, author of The Quest for Value, is senior partner and cofounder. The Quest for Value is written for senior management, key operating people, and planning and financial staff. This bible of financial management will assist managers in goal setting, resource allocation, strategy development, valuation of acquisitions, financial policy setting, incentive compensation planning, and building shareholder value. The Quest for Value cuts sharply through the myths that to this day misinform corporate strategists in their pursuit of shareholder value. Laying waste to inaccurate yet widely used methods of performance, Stewart demonstrates how the Stern Stewart EVAr approach not only creates greater shareholder value but also provides a powerful framework for the broadest range of corporate decision making.

Damodaran on Valuation

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Publisher : John Wiley & Sons
ISBN 13 : 0470049375
Total Pages : 698 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Damodaran on Valuation by : Aswath Damodaran

Download or read book Damodaran on Valuation written by Aswath Damodaran and published by John Wiley & Sons. This book was released on 2016-02-08 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Aswath Damodaran is simply the best valuation teacher around. If you are interested in the theory or practice of valuation, you should have Damodaran on Valuation on your bookshelf. You can bet that I do." -- Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places In order to be a successful CEO, corporate strategist, or analyst, understanding the valuation process is a necessity. The second edition of Damodaran on Valuation stands out as the most reliable book for answering many of today?s critical valuation questions. Completely revised and updated, this edition is the ideal book on valuation for CEOs and corporate strategists. You'll gain an understanding of the vitality of today?s valuation models and develop the acumen needed for the most complex and subtle valuation scenarios you will face.

The EVA Challenge

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Publisher : John Wiley & Sons
ISBN 13 : 9780471478898
Total Pages : 260 pages
Book Rating : 4.4/5 (788 download)

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Book Synopsis The EVA Challenge by : Joel M. Stern

Download or read book The EVA Challenge written by Joel M. Stern and published by John Wiley & Sons. This book was released on 2003-12-22 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Value Added - das EVA-Konzept - wurde von der Beratungsfirma Stern Stewart & Co. entwickelt. Es ist ein effektiver Maßstab zur Messung der finanziellen Performance eines Unternehmens und ist eng mit dem Shareholder-Value-Ansatz verbunden. Darüber hinaus kann mit Hilfe von EVA -Berechnungen auch eine Unternehmensbewertung durchgeführt werden; ein positiver EVA-Wert bedeutet einen Wertzuwachs, ein negativer hingegen einen Wertverlust. "The EVA Challenge" erläutert, wie man EVA implementiert - angefangen bei der Schulung von Angestellten bis hin zur Beantwortung und Lösung der häufigsten Implementierungsfragen und -probleme, denen Unternehmen begegnen. Diskutiert wird komplett neues Material zu 'real options', 'leveraged stock options' und anderen wichtigen Finanzkonzepte für Unternehmen der New und der Old Economy. Mit zahlreichen Fallbeispielen aus der Unternehmenspraxis.

EVA

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Publisher : John Wiley & Sons
ISBN 13 : 9780471298601
Total Pages : 264 pages
Book Rating : 4.2/5 (986 download)

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Book Synopsis EVA by : Al Ehrbar

Download or read book EVA written by Al Ehrbar and published by John Wiley & Sons. This book was released on 1998-10-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: EVA ("economic value added" - wirtschaftliche Wertschöpfung) ist eine Maßeinheit zur Ermittlung des echten Finanzergebnisses eines Unternehmens und eine Strategie zur Schaffung von Unternehmens- und Aktionärsvermögen. Das EVA-Prinzip besagt, daß ein Unternehmen kein Vermögen schafft, solange es nicht in der Lage ist, Gewinne einzufahren, die höher sind als die Kapitalkosten. EVA ist auch eine Methode, die Prioritäten innerhalb eines Unternehmens so zu gewichten, daß das Hauptaugenmerk auf der Schaffung von Vermögen liegt, und zwar zum Nutzen aller. Leicht verständlich geschrieben, mit zahlreichen Fallbeispielen bekannter Firmen und einem Minimum an Gleichungen und Finanzjargon. (11/98)

Best-Practice EVA

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Publisher : John Wiley & Sons
ISBN 13 : 1118645316
Total Pages : 357 pages
Book Rating : 4.1/5 (186 download)

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Book Synopsis Best-Practice EVA by : Bennett Stewart

Download or read book Best-Practice EVA written by Bennett Stewart and published by John Wiley & Sons. This book was released on 2013-02-19 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Best-Practice EVA tells the new EVA story from the ground up. Stewart covers EVA essentials—the classic economic profit version of EVA—in the first three chapters of the book. He shows readers how simple and intuitive EVA really is, how it is defined, and why it is better than all other measures of corporate profit. You discover how it naturally guides managers into making all the right decisions—the ones that will truly maximize value. You see how to use it in profit-sharing bonus plans that create the powerful incentives of an owner. Later, Stewart introduces new ratios that make EVA much more powerful and much easier to use than ever before. The pinnacle of the new ratio framework is EVA Momentum, calculated by taking the change in EVA versus the prior period, and dividing by the revenues in the prior period. It measures the growth rate in EVA, scaled to the sales size of the business. It is the only corporate performance ratio where bigger always is better, because it gets bigger when EVA does, which means it should be every company's most important financial goal, the one ratio metric that everyone aims to maximize as the key measure of corporate success. Stewart then walks through the nuts and bolts of Best-Practice EVA, kicking off with an in-depth look at EVA Margin, or EVA as a percent of sales. It’s a key productivity metric, and Stewart’s candidate to replace ROI. The last link in the Best-Practice program is PRVit—the EVA market score report. Stewart shows how to read and interpret the report, how the score is determined, and why investors are turning to it to screen and rate stocks. He also shows why it is finding a home with CFOs and IR directors who want insights into how the market is pricing their stock. The book concludes with battle-tested tips from the firing line, practical suggestions for how you can test drive and adopt Best-Practice EVA at your company.

Foundations of Economic Value Added

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Publisher : John Wiley & Sons
ISBN 13 : 9780471234838
Total Pages : 342 pages
Book Rating : 4.2/5 (348 download)

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Book Synopsis Foundations of Economic Value Added by : James L. Grant

Download or read book Foundations of Economic Value Added written by James L. Grant and published by John Wiley & Sons. This book was released on 2003-05-05 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: An updated look at the role of economic profit analysis in the process of wealth creation Grant explains the pivotal role of economic value added (EVA) in the theory of finance, how to measure EVA with standard accounting adjustments, how to use EVA to value companies and their stock, and how to use economic profit principles to identify wealth-creating firms, industries, and even market economies.

EVA and Value-Based Management: A Practical Guide to Implementation

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Author :
Publisher : McGraw Hill Professional
ISBN 13 : 9780071379878
Total Pages : 520 pages
Book Rating : 4.3/5 (798 download)

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Book Synopsis EVA and Value-Based Management: A Practical Guide to Implementation by : S. David Young

Download or read book EVA and Value-Based Management: A Practical Guide to Implementation written by S. David Young and published by McGraw Hill Professional. This book was released on 2000-12-13 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Value Added (EVA) and Value Based Management (VBM) are today’s hottest management buzzwords. But written information has often been biased and clouded by the authors’ hidden agendas. EVA and Value-Based Management is the first book to unflinchingly discuss the pros and cons of EVA and VBM. Covering both implementation and conceptual issues, with a strong emphasis on performance measurement, value drivers, and management compensation, it allows readers to come to their own informed conclusions.

Economic Value Added

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Author :
Publisher : Deep and Deep Publications
ISBN 13 : 9788184502107
Total Pages : 264 pages
Book Rating : 4.5/5 (21 download)

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Book Synopsis Economic Value Added by : Bhagaban Das

Download or read book Economic Value Added written by Bhagaban Das and published by Deep and Deep Publications. This book was released on 2009 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

New Trends in Finance and Accounting

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Publisher : Springer
ISBN 13 : 3319495593
Total Pages : 823 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis New Trends in Finance and Accounting by : David Procházka

Download or read book New Trends in Finance and Accounting written by David Procházka and published by Springer. This book was released on 2016-12-25 with total page 823 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the most current trends in the field of finance and accounting from an international perspective. Featuring contributions presented at the 17th Annual Conference on Finance and Accounting at the University of Economics in Prague, this title provides a mix of research methods used to uncover the hidden consequences of accounting convergence in the private (IFRS) and public sectors (IPSAS). Topics covered include international taxation (from both the micro- and macroeconomic level), international investment, monetary economics, risk management, management accounting, auditing, investment capital, corporate finance and banking, among others. The global business environment shapes the international financial flows of finance and the demand for international harmonization of accounting. As such, the field of global finance and accounting has encountered some new challenges. For example, policy-makers and regulators are forced to restructure their tools to tackle with new features of trading at global capital markets and international investment. This book complements this global view of development with country-specific studies, focusing on emerging and transitioning economies, which are affected indirectly and in unforeseen ways. The combination of global perspective and local specifics makes this volume attractive and useful to academics, researchers, regulators and policy-makers in the field of finance and accounting.

Economic Value Added (EVA). Drivers and Leverages

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Publisher : GRIN Verlag
ISBN 13 : 3656405069
Total Pages : 34 pages
Book Rating : 4.6/5 (564 download)

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Book Synopsis Economic Value Added (EVA). Drivers and Leverages by : Dirian El Amine

Download or read book Economic Value Added (EVA). Drivers and Leverages written by Dirian El Amine and published by GRIN Verlag. This book was released on 2013-04-10 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project Report from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: 1,5, University of Cooperative Education Stuttgart; Horb, language: English, abstract: From the contemporary dominance of the shareholder value approach arises more and more the necessity to precisely detect its performance as shareholder value is broadly seen as a significant indicator determining a company’s success or failure. However, measuring the performance of a company’s shareholder value can be very challenging. Hence, the purpose of this paper is to deal with a well-known approach that enables businesses to detect its shareholder value performance: Economic Value Added (EVA). The thesis discusses the correlation between EVA and shareholder value, it further outlines its main drivers. In the second part, the paper elaborates on the specific links of the EVA approach to a regional Sales department and identifies the department’s main leverages on EVA. In order to detect the influence of the main operative decisions on EVA, the thesis introduces the key figure Effect-on-EVA. The applicability of Effect-on-EVA is shown in a model calculation. Above all, this project thesis shall create a profound practical value by sharpening the awareness of how to influence EVA in a positive way. In order to meet the recommended scope, the paper does not elaborate Asset Management, Accounts Receivable Management and Incentive Compensation in detail, but strives to point out the respective links to EVA.

Determining the Economic Value of Water

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Author :
Publisher : Routledge
ISBN 13 : 1135040524
Total Pages : 359 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis Determining the Economic Value of Water by : Robert A. Young

Download or read book Determining the Economic Value of Water written by Robert A. Young and published by Routledge. This book was released on 2014-07-23 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water provides benefits as a commodity for agriculture, industry, and households, and as a public good such as fisheries habitat, water quality and recreational use. To aid in cost-benefit analysis under conditions where market determined price signals are usually unavailable, economists have developed a range of alternative valuation methods for measuring economic benefits. This volume provides the most comprehensive exposition to-date of the application of economic valuation methods to proposed water resources investments and policies. It provides a conceptual framework for valuation of both commodity and public good uses of water, addressing non-market valuation techniques appropriate to measuring public benefits - including water quality improvement, recreation, and fish habitat enhancement. The book describes the various measurement methods, illustrates how they are applied in practice, and discusses their strengths, limitations, and appropriate roles. In this second edition, all chapters have been thoroughly updated, and in particular the coverage of water markets and valuation of ecosystem services from water has been expanded. Robert Young, author of the 2005 edition, has been joined for this new edition by John Loomis, who brings additional expertise on ecosystem services and the environmental economics of water for recreational and other public good uses of water.

The Value Mindset

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Publisher : John Wiley & Sons
ISBN 13 : 1118160916
Total Pages : 475 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis The Value Mindset by : Erik Stern

Download or read book The Value Mindset written by Erik Stern and published by John Wiley & Sons. This book was released on 2011-09-07 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking book on building long-term wealth for stakeholders As creator of the Wealth Added Index (WAI), Stern Stewart's Erik Stern has become a beacon for creating shareholder value within the current storm of corporate malfeasance and poor performance. The Value Mindset shows readers how to develop this way of thinking by blending individual manager incentives with the proper corporate structure and the willingness to pursue value discipline over the long term. Filled with practical concepts that have proved themselves in the real world, this book shows readers how they can transform a company into an organization that can deliver value and returns to its shareholders. The Value Mindset helps readers develop this mindset-as well as implement it-by detailing the metrics that are necessary for any manager to measure and monitor value creation within the firm. Erik Stern (London, UK) is a Senior Vice President at Stern Stewart & Co., based in London. He has designed and implemented programs for companies in several industries in the United States and Europe. Mike Hutchinson (London, UK) is a Vice President at Stern Stewart & Co., based in London. He worked previously for the BBC and the Consumers' Association.

Economic Value Added

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Publisher :
ISBN 13 : 9783656376958
Total Pages : 24 pages
Book Rating : 4.3/5 (769 download)

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Book Synopsis Economic Value Added by : Cornelius Kirsche

Download or read book Economic Value Added written by Cornelius Kirsche and published by . This book was released on 2013-08 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2013 in the subject Business economics - Investment and Finance, grade: 2,0, International University of Applied Sciences Bad Honnef - Bonn, course: Current Issues in Accounting & Finance, language: English, comment: This document was written in the context of a Master's program in the course 'Current Issues in Accounting &, Finance'. The text covers basics about EVA, CVA, Financial Ratios, Liquidity Management and the Cash Conversion Cycle., abstract: In the past, key financial instruments were focusing on concepts like the return on investment, return on equity and return on capital employed. However, within recent years, the flaws of the named ratios made it difficult to thoroughly rely on such figures any longer. As one key drawback connected to those solely finance-related ratios was that all non-financial aspects are missed out on. Further, the economic value creation was not respected in past models. EVA(r), economic value added, is a concept on the rise that counteracts the flaws of recent financial ratios. By accounting for both the capital charges for investors and creditors, it allows a more sophisticated look into the value creation of a company. However Stern Steward & Co, who founded EVA(r), give recommendations, so called adjustments, in order to make EVA(r) even more effective as it is without. As economic decision are not only covered by introducing a new ratio, it is important to contrast and to integrated EVA(r) to other frequently used financial models. Here, the net present value calculation is used most when evaluating on whether or not to take on a project. Now, the author shows that EVA(r) even can be used for net present value calculations, which is usually done by taking into consideration future cash flows. Further, economic profit is not all a modern business has to care about. In this respect, cash management has evolved in becoming a crucial cornerstone in financial management. Hence, the author has compared the

Economic Value Added

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Author :
Publisher : GRIN Verlag
ISBN 13 : 364063537X
Total Pages : 38 pages
Book Rating : 4.6/5 (46 download)

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Book Synopsis Economic Value Added by : Stefan Schroeder

Download or read book Economic Value Added written by Stefan Schroeder and published by GRIN Verlag. This book was released on 2010-06-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studienarbeit aus dem Jahr 2010 im Fachbereich BWL - Allgemeines, Note: 1,0, Fachhochschule Stralsund, Sprache: Deutsch, Abstract: Seminararbeit über den Economic Value Added. Beinhaltet eine ausführliche Übersicht aller wichtige Komponenten (NOA, NOPAT, WACC, CAPM, ROIC) und eine detaillierte Analyse der Adjustierungen nach Stern Stewart & Co samt Beispielen. Die Herleitung und Bedeutung des Werttreiberbaumes wird an zwei verschiedenen Beispielen erläutert und rundet die Erklärung des EVA als betriebswirtschaftliche Größe ab. Betrachtung des EVA als Performancekennzahl, zur wertorientierten Steuerung, als Bonussystem und als Entscheidungskriterium für Investitionen & Projekte. Abschließend eine kritische Bewertung des EVA für die genannten Einsatzgebiete mit konkreter Benennung aller Vor- und Nachteile.