In Search of Shareholder
Value: Managing the Drivers of Performance, 2/E
Drawing on their extensive
experience as senior partners at PriceWaterhouseCoopers, the authors of In Search of
Shareholder Value, Second Edition present a complete framework for value creation,
encompassing seven key value drivers: sales, operating profit margin, cash tax rate,
working capital, fixed assets, cost of capital, and growth duration period.KEY
TOPICS:There is a new global imperative for businesses and managers alike: maximize
shareholder value. And the rules for doing so have changed dramatically. This is a
complete guide to the new rules, and to the changing expectations that both institutional
and individual investors have for corporations today. Drawing on first-hand experience,
and endorsed by company leaders from Frito-Lay to Lloyds of London, this book offers
clear-eyed analyses of the tradeoffs between risk and shareholder return -- and
step-by-step "how-to" guidance for transforming strategies into higher share
prices.MARKET:For all executives and consultants concerned with maximizing shareholder
value.
Table of Contents
Foreword to first edition.
Foreword to second edition.
Acknowledgements.
Introduction.
I. WHAT IS SHAREHOLDER VALUE?
1. Shareholder value: fad
versus fact.
2. The history of value.
3. What does your capital cost?
4. Profit is an opinion; cash is a fact.
5. Shareholder value a definition.
6. Shareholder value: a single metric or a common framework?
II. PUTTING IT INTO PRACTICE:
THE VALUE MINDSET.
7. The transforming power of
SHV.
8. SHV at war: mergers and acquisitions.
9. Rising from the ashes: value re-creation and SHV.
10. Sector appeal.
11. SHV around the world: the emerging consensus.
IV. BRINGING IT ALL TOGETHER.
12. Reporting on the future:
the blueprint.
Appendix 1: Blueprint Inc.
Appendix 2: Betas.
Bibliography.
Index.
430 pages