LEADER 05236nam 2200637 450 001 9910810791303321 005 20220307170642.0 010 $a1-119-00044-0 035 $a(CKB)2670000000617963 035 $a(EBL)1895888 035 $a(MiAaPQ)EBC1895888 035 $a(MiAaPQ)EBC4040431 035 $a(DLC) 2014042479 035 $a(MiAaPQ)EBC5499377 035 $a(Au-PeEL)EBL5499377 035 $a(CaSebORM)9781118997529 035 $a(EXLCZ)992670000000617963 100 $a20220307d2015 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aCorporate value creation $ean operations framework for nonfinancial managers /$fLawrence C. Karlson 205 $a1st edition 210 1$aHoboken, New Jersey :$cJohn Wiley & Sons,$d[2015] 210 4$dİ2015 215 $a1 online resource (650 p.) 225 1 $aWiley Corporate F&A 300 $aIncludes index. 311 $a1-118-99715-8 311 $a1-118-99752-2 320 $aIncludes bibliographical references and index. 327 $aCorporate Value Creation; Contents; Preface; Acknowledgments; Foreword; Chapter 1: Basic Concepts; Introduction; Financial Statements; The Income Statement; The EBITDA, EBIT, EBT, and Net Income Relationships; Special Case: Ignoring the Interest Component; Example 1-1: Calculating Net Income; Why EBITDA?; Industry Multiple; Example 1-2: Using EBITDA to Value a Company; The Balance Sheet; Return on Capital Employed; Capital Employed; Example 1-3: Calculating ROCE; Drivers of Return on Capital Employed; Working Capital; Example 1-4: Calculating the Working Capital for a Company 327 $aExample 1-5: Calculating the Change in Working CapitalThe Cash Flow Statement; What Drives Cash Flow and Value?; Defining Cash Flow; Investments and Cash Flow after Investing Activities; Example 1-6: Calculating CFaIA and CGU; Required Revenue for a Given Level of Net Income; Example 1-7: Calculating Required Revenue; Case Study: Advanced Solar Systems Corporation; Chapter 2: The Envelope Equations; Introduction; ROCE and NiROCE; Underlying Assumptions; Applying the Equations; Net Investments; Investment Rate; Special Case: Constant Investment Rate 327 $aIncorporating the IR and NiROCE into the Expression for Net IncomeIncorporating IR into the Expression for Cash Flow after Investing Activities; NI and CFaIA-A Sequential Year-by-Year Analysis; Net Investment (NetInvest) Model or Form; Investment Rate (IR) Model or Form; NI and CFaIA-The General Model; Special Case: Constant Investment Rate and Net Income Return on Capital Employed; Special Case: Focus on Operational Cash Flows; Estimating Growth Rates of Cash Flow after Investing Activities and Net Income; Growth Rate of CFaIAg with Constant IR and NiROCE; Growth Rate of Net Income (NIg) 327 $aNet Income Growth Rate (NIg) with Constant IR and NiROCEEnvelope Equations Methodology for Estimating Net Income, Cash Flow after Investing Activities, and Growth Rates; Required Revenue Revisited; Growing the Net Income; Case Study: American Technology Corporation; Chapter 3: The Weighted Average Cost of Capital; Why Is a Company's Weighted Average Cost of Capital Important?; Weighted Average Cost of Capital Defined; Operating and Capital Leases; Weighting of the Components of Capital Structure; Market Value of Debt and Equity; Public Companies; Non-Public Companies or Business Units 327 $aImpact of Taxes on the Weighted Average Cost of CapitalEstimating the Cost of Debt and Equity and the Capital Asset Pricing Model; General Equations for Estimating the WACC for a Company with One Class of Debt and Equity; Levered and Unlevered Betas; Estimating Beta for Non-Public Companies or Business Units; Industry Comparisons; Comparable Companies; Significance and Uses of the WACC; Rate of Return from a Project or Investment = WACC; Rate of Return from a Project or Investment WACC; Origin of the Coefficients Used in Calculating a WACC 327 $aMultiple Hurdle Rates 330 $aA detailed crash course in business management for value creation Corporate Value Creation provides an operations framework that management can use to optimize the impact decisions have on creating value by growing revenue and profitability. Designed to assist professionals without a strong business or financial education, this book provides a thorough understanding of the qualitative and quantitative aspects of managing a business for the purpose of value creation. Readers will find detailed information on financial reports, valuation, modeling and forecasting, and more, including discussion 410 0$aWiley corporate F & A. 606 $aCorporations$xValuation 606 $aCorporations$xFinance 606 $aStockholder wealth 615 0$aCorporations$xValuation. 615 0$aCorporations$xFinance. 615 0$aStockholder wealth. 676 $a658.15 700 $aKarlson$b Lawrence C.$f1942-$01609054 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910810791303321 996 $aCorporate value creation$93936095 997 $aUNINA