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Corporate Value Creation : an Operations Framework for Nonfinancial Managers.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Karlson, Lawrence C.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Somerset : John Wiley & Sons, Incorporated, 2015.
Edición:11th ed.
Colección:Wiley Corporate F & a Ser.
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