Investors, shareholders, and corporate leaders looking for an edge in today's New Economy are moving beyond traditional accounting yardsticks toward new means of gauging performance and profitability. An increasing number of Wall Street analysts and corporate boards are adopting value-based metrics such as EVA, MVA, and CFROI as a measure of a firm's profitability because these standards adjust for all of the firm's cost of capital - equity as well as debt. James Grant tackled the issue of economic value added in its infancy with Foundations of Economic Value Added - one of the first primers on the topic, endorsed by its creator, G. Bennett Stewart. Now, in Value Based Metrics: Foundations and Practice, he and Frank Fabozzi head a team of some of the leading proponents of value based metrics on both the investment management side and the corporate side. This comprehensive reference outlines how corporations and analysts can use value based metrics to more accurately measure the financial performance of individual companies, industries, and economies, as well as how to get an edge in today's turbulent market.
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Investors, shareholders, and corporate leaders looking for an edge in today's New Economy are moving beyond traditional accounting yardsticks toward new means of gauging performance and profitability. An increasing number of Wall Street analysts and corporate boards are adopting value-based metrics such as EVA, MVA, and CFROI as a measure of a firm’s profitability because these standards adjust for all of the firm's cost of capital - equity as well as debt. James Grant tackled the issue of economic value added in its infancy with Foundations of Economic Value Added - one of the first primers on the topic, endorsed by its creator, G. Bennett Stewart. Now, in Value Based Metrics: Foundations and Practice, he and Frank Fabozzi head a team of some of the leading proponents of value based metrics on both the investment management side and the corporate side. This comprehensive reference outlines how corporations and analysts can use value based metrics to more accurately measure the financial performance of individual companies, industries, and economies, as well as how to get an edge in today's turbulent market.
About the Author
Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and an Adjunct Professor of Finance at Yale University's School of Management.
James L. Grant is President of JLG Research, a company specializing in economic profit research and customized seminars in investment management. Dr. Grant holds a Ph.D. in Business from the University of Chicago's Graduate School of Business, and has been a featured speaker at industry conferences on value-based metrics.
James L. Grant is President of JLG Research, a company specializing in economic profit research and customized seminars in investment management. Dr. Grant holds a Ph.D. in Business from the University of Chicago's Graduate School of Business, and has been a featured speaker at industry conferences on value-based metrics.
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Inside This Book
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First Sentence:
During the past two decades the U.S. stock market provided investors with a total return of 2,495%. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
negative economic depreciation, economic book capital, economic profit improvement, cash operating taxes, cash operating margin, current operations value, unlevered net operating profit, expected future assets, operating profit after depreciation, future growth value, economic profit model, economic profit measures, wealth destroyers, economic profit approach, calculating economic profit, sinking fund depreciation, free cash flow model, corporate debt policy, unlevered firm, future economic profit, peer group approach, value based metrics, adjusted operating profit, negative economic profit, internal beta Key Phrases - Capitalized Phrases (CAPs): (learn more)
Stern Stewart, New York, Goldman Sachs, The Quest, Last National, Foundations of Economic Value Added, Bennett Stewart, United States, Alcar Consulting Group, Credit Suisse Asset Management, Dayton Hudson Corporation, Duke Energy, First Boston, John Wiley, New Hope, Value Associates, David Young, Fabozzi Associates, General Motors, Pamela Peterson, Does Value-Based Management Discourage Investment, Investment Opportunities Approach, Net Inv, The Real Key, Valuation Investment New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
During the past two decades the U.S. stock market provided investors with a total return of 2,495%. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
negative economic depreciation, economic book capital, economic profit improvement, cash operating taxes, cash operating margin, current operations value, unlevered net operating profit, expected future assets, operating profit after depreciation, future growth value, economic profit model, economic profit measures, wealth destroyers, economic profit approach, calculating economic profit, sinking fund depreciation, free cash flow model, corporate debt policy, unlevered firm, future economic profit, peer group approach, value based metrics, adjusted operating profit, negative economic profit, internal beta Key Phrases - Capitalized Phrases (CAPs): (learn more)
Stern Stewart, New York, Goldman Sachs, The Quest, Last National, Foundations of Economic Value Added, Bennett Stewart, United States, Alcar Consulting Group, Credit Suisse Asset Management, Dayton Hudson Corporation, Duke Energy, First Boston, John Wiley, New Hope, Value Associates, David Young, Fabozzi Associates, General Motors, Pamela Peterson, Does Value-Based Management Discourage Investment, Investment Opportunities Approach, Net Inv, The Real Key, Valuation Investment New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 19
books:
See all 19 books this book cites
5
books
cite this book:
- The Quest for Value: A Guide for Senior Managers by G. Bennett Stewart on 11 pages
- Foundations of Economic Value Added, 2nd Edition by James L. Grant on 9 pages
- The Theory of Finance by Eugene F. Fama on 5 pages
- Valuation: Measuring and Managing the Value of Companies, Third Edition (University Edition) by McKinsey & Company Inc. on page 76, page 79, and page 151
- Investment Management (2nd Edition) by Frank J. Fabozzi in Front Matter, page 68, and page 138
See all 19 books this book cites
- Focus on Value: A Corporate and Investor Guide to Wealth Creation by James L. Grant on 6 pages
- Foundations of Economic Value Added, 2nd Edition by James L. Grant on page 46, and page 188
- Analysis of Financial Statements (Frank J. Fabozzi Series) by Pamela P. Peterson on page 199
- Equity Portfolio Management by Frank J. Fabozzi CFA on page 154
- The Theory and Practice of Investment Management (Frank J. Fabozzi Series) by Frank J. Fabozzi CFA on page 322
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