Foundations of Economic Value Added (Frank J. Fabozzi Series) - Softcover

Grant, James L.

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9781883249243: Foundations of Economic Value Added (Frank J. Fabozzi Series)

Softcover

ISBN 10: 1883249244 ISBN 13: 9781883249243

Publisher: John Wiley & Sons, 1997

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Here is the in–depth guide to the new financial tool known as economic value–added, or EVA. It explains how and why EVA developed, and shows how corporations and analysts can use it to more accurately measure the financial performance of individual companies, industries, and economies. This book provides a concise foundation on the "economic value added" approach to both corporate finance and investment management. In corporate finance, emphasis is placed on the present value relationship between a company′s expected future EVA and its current NPV, as well as the financial characteristics of wealth–creating firms, industries, and economies. In investment management, the book focuses on how to apply EVA principles to select equity securities, and to build investment opportunities in the context of the Markowitz portfolio model.

Foundations of Economic Value Added was endorsed by G. Bennett Stewart III of Stern Stewart & Co., as well as senior executives in banking and investment management. The book was recently published in Japanese (ISBN4–492–55322–3).

"synopsis" may belong to another edition of this title.

From the Author:

A concise foundation on the "economic value added" model
This book provides a concise foundation on the "economic value added" approach to corporate finance and investment management. Emphasis in corporate finance is placed on the present value relationship between a company's expected future EVA and its current NPV, as well as the financial characteristics of wealth-creating firms, industries, and economies. Emphasis in investment management is placed on how to apply EVA principles to select equity securities, and to build investment opportunities in the context of the Markowitz portfolio model.

Foundations of Economic Value Added was endorsed by G. Bennett Stewart III of Stern Stewart & Co., as well as senior executives in banking and investment management. The book was recently published in Japanese (ISBN4-492-55322-3).

For readers looking for a rigorous treatment on the many accounting issues that arise when estimating a firm's EVA in practice, see Stewart's excellent book, The Quest for Value. Likewise, for interesting case discussions of companies that use the commercial EVA model (of Stern Stewart & Co.), see Al Ehrbar's recently released book.

James L.Grant, JLG Research

Synopsis:

An analysis of EVA, the financial tool used by corporations and financial analysists to measure performance. The book aims to give the reader an insight into the process of EVA using published financial reports and also presents the historical development of EVA.

"About this title" may belong to another edition of this title.