Foundations of Economic Value Added

In the completely updated second edition of Foundations of Economic Value Added, James L. Grant provides a fresh look at the role of economic profit in the process of wealth creation. Whether you’re a manager seeking to create substantial shareholder value, or an investor looking for attractive stock selection opportunities, this comprehensive guide will help you better understand and implement one of the most useful financial tools currently available.
Filled with in–depth insights and practical advice, Foundations of Economic Value Added, Second Edition explores the pivotal role of EVA in the theory of finance and explains:How to measure EVA with standard accounting adjustmentsHow to use EVA to value companies and their stockHow to compare EVA with traditional financial metrics (such as ROE)How to estimate the EVA cost of capitalHow to use EVA to build actively–efficient portfoliosHow to use economic profit principles to identify wealth–creating firms, industries, and even market economies
Foundations of Economic Value Added, Second Edition shows how the EVA measure can be used as a prism to cast a revealing perspective on individual securities, portfolios, and even macro–economic valuations. If you want to stay up to date on the EVA revolution, this book is for you.

Spis treści:
Foreword by James A. Abate.
Preface.
About the Author.
Chapter 1: The EVA Revolution.
Chapter 2: EVA in the Theory of Finance I: Investment Decisions.
Chapter 3: EVA in the Theory of Finance II: Financing Decisions
Chapter 4: Basic Economic Profit.
Chapter 5: Financial Characteristics of Wealth Creators (and Destroyers).
Chapter 6: Enterprise Valuation I: Free Cash Flow Model.
Chapter 7: Enterprise Valuation II: Economic Profit Model.
Chapter 8: Traditional Measures of Profitability and Success.
Chapter 9: EVA Accounting Adjustmen ts.
Chapter 10: Role of Economic Depreciation.
Chapter 11: Estimating the Cost of Capital.
Chapter 12: Estimating MVA with Published Financial Reports.
Chapter 13: Company Analysis Using EVA
Chapter 14: Industry Analysis Using EVA.
Chapter 15: Macroanalysis Using EVA
Index. 

Nota biograficzna:
JAMES L. GRANT is President of JLG Research, a company specializing in economic profit research, and a member of the finance faculty at Baruch College of the City University of New York. He has published several articles in investment journals including the Journal of Portfolio Management and the Journal of Investing. Dr. Grant is also the coauthor of Focus on Value: A Corporate and Investor Guide to Wealth Creation, and coauthor and coeditor respectively of Equity Portfolio Management and Value–Based Metrics: Foundations and Practice, all from Wiley. He holds a PhD in business from the University of Chicago’s Graduate School of Business.

Okładka tylna:
In the completely updated second edition of Foundations of Economic Value Added, James L. Grant provides a fresh look at the role of economic profit in the process of wealth creation. Whether you’re a manager seeking to create substantial shareholder value, or an investor looking for attractive stock selection opportunities, this comprehensive guide will help you better understand and implement one of the most useful financial tools currently available.
Filled with in–depth insights and practical advice, Foundations of Economic Value Added, Second Edition explores the pivotal role of EVA in the theory of finance and explains:How to measure EVA with standard accounting adjustmentsHow to use EVA to value companies and their stockHow to compare EVA with traditional financial metrics (such as ROE)How to estimate the EVA cost of capitalHow to use EVA to build actively–efficient portfolios< LI>How to use economic profit principles to identify wealth–creating firms, industries, and even market economies
Foundations of Economic Value Added, Second Edition shows how the EVA measure can be used as a prism to cast a revealing perspective on individual securities, portfolios, and even macro–economic valuations. If you want to stay up to date on the EVA revolution, this book is for you.