Corporate Value Creation : an Operations Framework for Nonfinancial Managers.
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Somerset :
John Wiley & Sons, Incorporated,
2015.
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Edición: | 11th ed. |
Colección: | Wiley Corporate F & a Ser.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro
- Series
- Title Page
- Copyright
- Dedication
- Preface
- About This Book
- Acknowledgments
- Foreword
- Chapter One: Basic Concepts
- Introduction
- Financial Statements
- The Income Statement
- The Balance Sheet
- The Cash Flow Statement
- Required Revenue for a Given Level of Net Income
- Case Study: Advanced Solar Systems Corporation
- Notes
- Chapter Two: The Envelope Equations
- Introduction
- ROCE and NiROCE
- Net Investments
- Investment Rate
- Incorporating the IR and NiROCE into the Expression for Net Income
- Incorporating IR into the expression for Cash Flow after Investing Activities
- NI and CFaIA-A Sequential Year-by-Year Analysis
- NI and CFaIA-The General Model
- Estimating Growth Rates of Cash Flow after Investing Activities and Net Income
- Growth Rate of CFaIAg with Constant IR and NiROCE
- Growth Rate of Net Income (NIg)
- Net Income Growth Rate (NIg) with Constant IR and NiROCE
- Envelope Equations Methodology for Estimating Net Income, Cash Flow after Investing Activities, and Growth Rates
- Example 2-1: Impact of Net Income Return on Capital Employed and Investment Rate on Cash Flow after Investing Activities when NiROCE and IR Are Constant
- Example 2-2: Impact of Variable NiROCE and IR on CFaIA
- Example 2-3: Calculating the Growth Rate of NI and CFaIA Knowing IR and NiROCE
- Example 2-4: Impact of NiROCE and Target Net Income Growth Rates on the Investment Rate and Cash Flow after Investing Activities
- Required Revenue Revisited
- Example 2-5: Calculating Required Revenue for the Stephenson Corporation
- Growing the Net Income
- Case Study: American Technology Corporation
- Notes
- Chapter Three: The Weighted Average Cost of Capital
- Why Is a Company's Weighted Average Cost of Capital Important?
- Weighted Average Cost of Capital Defined
- Operating and Capital Leases
- Weighting of the Components of Capital Structure
- Market Value of Debt and Equity
- Impact of Taxes on the Weighted Average Cost of Capital
- Estimating the Cost of Debt and Equity and the Capital Asset Pricing Model
- General Equations for Estimating the WACC for a Company with One Class of Debt and Equity
- Levered and Unlevered Betas
- Estimating Beta for Non-Public Companies or Business Units
- Example 3-1: Estimating Beta Using the Comparable Company Method
- Significance and Uses of the WACC
- Origin of the Coefficients Used in Calculating a WACC
- Example 3-2: Calculating the Cost of Equity Using Market Data for Hope Inc.
- Example 3-3: Estimating the WACC of a Company with One Class of Debt and Equity
- Multiple Hurdle Rates
- Example 3-4: Retail Corporation's WACC
- Example 3-5: Retail Corporation Decides to Access the Debt Markets
- Example 3-6: Comparison of Retail Corporation's WACCs