EVA and Value-Based Management: A Practical Guide to ImplementationEconomic Value Added (EVA) and Value Based Management (VBM) are today’s hottest management buzzwords. But written information has often been biased and clouded by the authors’ hidden agendas. EVA and Value-Based Management is the first book to unflinchingly discuss the pros and cons of EVA and VBM. Covering both implementation and conceptual issues, with a strong emphasis on performance measurement, value drivers, and management compensation, it allows readers to come to their own informed conclusions. |
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EVA and Value-Based Management: A Practical Guide to Implementation S. Young,Stephen O'Byrne No preview available - 2000 |
Common terms and phrases
accounting adjustments AEVA amortization annual assets average balanced scorecard beta bonus bank bonus earned bonuses Briggs & Stratton business unit calculated capital charges capital markets capital structure CAPM carve-out CFROI company's compensation corporate cost of capital cost of equity debt deferred tax depreciation dividends divisional divisions EBITDA economic Economic Value Added employees equal estimate EVA bonus plan EVA companies example excess EVA improvement excess return expected EVA improvement firm free cashflow future cashflows future EVAs future growth value GAAP goodwill Hewlett-Packard implementation incentives increase industry interest invested capital investors liabilities market value metrics negative nonfinancial NOPAT operating profit option grants panies percent performance measurement period present value problem residual income Return on invested risk premium RONA scorecard share price shareholder value shareholder wealth stock price Sun Microsystems Table target bonus tax shield value creation value of future value-creating WACC wealth leverage
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