Summary
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.
Author Biography
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.
Table of Contents
Preface |
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iv | |
About the Editors |
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vii | |
Contributing Authors |
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viii | |
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Value-Based Metrics: Motivation and Practice |
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1 | (6) |
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Value-Based Metrics in Financial Theory |
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7 | (44) |
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Closing the GAAP between Earnings and EVA |
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51 | (16) |
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Value-Based Measures of Performance |
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67 | (32) |
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Does Value-Based Management Discourage Investment in Intangibles? |
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99 | (34) |
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Integrating EVA ® into the Portfolio Management Process |
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133 | (24) |
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Economic Margin: The Link Between EVA and CFROI |
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157 | (22) |
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Value-Based Management and Economic Value Added: A Global Perspective |
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179 | (16) |
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EVA and the OECD Principles of Corporate Governance |
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195 | (34) |
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The Implementation of Value-Based Metrics and the Next Steps in Corporate Valuation |
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229 | (24) |
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Allocating Risk Capital in Banking |
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253 | (16) |
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Internal Use of Value-Based Metrics |
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269 | (10) |
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Index |
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279 | |