Achieving Fair Value

Erscheinungsjahr 2005
ISBN: 978-0-470-02390-7
Verlag: John Wiley & Sons

Buch, Englisch, 256 Seiten, Format (B × H): 159 mm x 239 mm, Gewicht: 515 g

Today, many CEOs and company boards are concerned mainly with the shareprice of their companies. In essence, they are managing shareprice, not necessarily fundamental performance. In trying to meet short-term capital market expectations and maximize share price, managers often end up destroying real value. This book argues that company leaders should seek to achieve a fair market value for a company-a market capitalization that fairly reflects underlying performance-rather than simply the highest share price. This means leaders must change the way they relate to investors; this book shows them how.

Autoren/Hrsg.

Scott, Mark C.

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen

Inhaltsverzeichnis

Acknowledgements.

The fair value process.

Introduction: What is "fair value" and why does it matter?

PART ONE: THE IMPERATIVE FOR A FAIR VALUE STRATEGY.

1. Getting the goals right.

2. Why do the markets get it wrong?

3. Understanding the institutional fund manager.

PART TWO: THE BUILDING BLOCKS OF FAIR VALUE.

4. Towards a fair value strategy.

5. Determining fair value.

6. Targeting value-determining investors.

7. Profiling value determining investors.

PART THREE: DELIVERING A FAIR VALUE STRATEGY.

8. Towards fair value levers.

9. Deciding how much to tell investors.

10. Deciding how to tell investors.

11. The role of management quality.

PART FOUR: THE CHALLENGE OF MANAGING FOR FAIR VALUE.

12. Managing a fair value strategy.

13. What to expect from the next decade.

Bibliography.

Index.

Über Autor(innen)

Mark C. Scott graduated with a First Class Honours Degree from Christ Church College, Oxford. He completed an M.Phil at Cambridge University and an MBA at Harvard Business School. He originally trained as a management consultant, working for Michael Porter at Monitor Company, and subsequently joined WPP Group plc, the world's largest marketing services group. In 1998 Mark left WPP to help form Lighthouse Global Network, a start-up marketing services group acquired in 2000 by Cordiant Communications in a deal valued at $600m.

Mark is a director of the Ashridge Strategic Management Centre, and continues to be involved in the consolidation of professional services firms. He is the author of four books with John Wiley & Sons including The Professional Service Firm and Value Drivers.