Eva and Value-Based Management

A Practical Guide to Implementation

S. David Young, Stephen F. O'Byrne

493 pages, parution le 01/11/2000

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Résumé

Today's Most Comprehensive and Unbiased Evaluation of Value-Based Management and EVA
Economic Value Added (EVA) and Value Based Management (VBM), despite persistent claims to the contrary, are not magic wands, guaranteeing instant success. Instead, they are a set of management tools--powerful tools, to be sure, proven to work in case after case--for creating and augmenting shareholder value.

And as with any tools, users will achieve the greatest success only by learning and understanding both their strengths and weaknesses. EVA and Value Based Management is the first book to fully explain all sides of EVA and VBM, and cover the critical factors in harnessing EVA and VBM to build shareholder value. It provides in-depth coverage of the key steps in implementing EVA, including:

Determining your cost of capital
Using accounting adjustments to make EVA a better measure of performance
Identifying value drivers to guide performance improvement
Tying management compensation to EVA

The sustained creation of shareholder value doesn't happen by accident--it happens because companies plan for it. Let EVA and Value Based Management give you the clear, concise, and up-to-date information you need on EVA and VBM--what they are, why they work, and how they can work for you--and then show you how to use that information to reach your own informed conclusions.

Contents

Part One: Understanding EVA.: The Shareholder Value Revolution.; Value Creation and Economic Value Added.; Implementing EVA.; Management Compensation.
Making It Work: The Technical Side of EVA.: The Cost of Capital.; EVA.; Value Drivers.; Management Compensation Revisited.; The Metric Wars: EVA versus Cashflow Return on Investment.; Understanding the Metric Wars.
Part Three: Conclusions.: Lessons Learned, and the Future of Economic Value Added.

L'auteur - S. David Young

S. David Young, Ph.D., is a professor at INSEAD, one of the world's leading graduate business schools. A consultant on EVA and value-based management for several American, European, and Asian companies, Dr. Young's research has appeared in many academic and professional journals.

L'auteur - Stephen F. O'Byrne

Stephen F. O'Byrne is president and co-founder of Shareholder Value Advisors Inc., a consulting firm that helps companies increase shareholder value through better performance measurement, incentive compensation, and valuation analysis. Byrne is a former senior vice president at Stern Stewart & Co., and his articles have appeared in a wide variety of journals.

Caractéristiques techniques

	PAPIER
Éditeur(s)	Mc Graw Hill
Auteur(s)	S. David Young, Stephen F. O'Byrne
Parution	01/11/2000
Nb. de pages	493
Format	15,5 x 23,5
Couverture	Relié
Poids	968g
Intérieur	Noir et Blanc
EAN13	9780071364393
ISBN13	978-0-07-136439-3