Details
A Study on the Integrated Approach of Shareholder Value Analysis
1. Auflage
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38,00 € |
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| Verlag: | diplom.de |
| Format: | |
| Veröffentl.: | 02.04.2014 |
| ISBN/EAN: | 9783842849174 |
| Sprache: | englisch |
| Anzahl Seiten: | 143 |
Dieses eBook erhalten Sie ohne Kopierschutz.
Beschreibungen
Inhaltsangabe:Introduction:
The credit crunch and the subsequent global financial crisis in 2007 shattered the trust among private as well as corporate investors.
Keeping in mind that the majority of corporate capital in the UK is raised through equity provided by private as well as institutional shareholders, even the whole national economy began to tumble.
How long will the recession last, what impact will it have on the real economy and is there a chance for businesses to recover and most importantly rebuilt trust among the banking sector were the questions that not only managers and chief executive officers but especially shareholders had to face.
Now, four years after the genesis of the financial crisis, the trust in the markets has not been completely re-established. The question arises what shareholder wealth dedication can expect from a company in the UK market environment.
This study focuses on corporate performance and the deriving degree of shareholder value by analysing three business sectors whereby for each industry sector two representative stock listed companies for a shareholder value analysis were selected:
1) The IT and Communication sector
Represented by: Vodafone Group Plc and British Telecom Group Plc
2) The Oil industry
Represented by: Royal Dutch Shell Plc and British Petroleum Plc
3) The Banking sector
Represented by: Royal Bank of Scotland Plc and Barclays Plc
The author applied the following six financial models as indicators of a shareholder value orientated business-running including:
1) Price/ Earnings Ratio
2) Discounted Cash Flow Model
3) Dividend Valuation Model
4) Economic Value Added
5) Market Capitalization
6) Capital Asset Pricing Model
Those models have been evaluated in accordance to their practical relevance in the real world and in respect to their informative value when it comes to estimating financial performance under the premise of shareholder value creation. Inhaltsverzeichnis:Table of Contents:
AcknowledgementI
AbstractIII
Table of ContentsIV
Table of FiguresVII
List of AppendicesVIII
List of AbbreviationsVII
Chapter 11
Introduction1
Chapter 23
2.0Methodology3
2.1Definition3
2.2Approaches3
2.3Applied Approach3
2.4Time Horizons4
2.5Research Techniques4
3.6Research Limitations4
Chapter 35
3.0Literature Review5
3.1The financial market5
3.1.1Providers of Finance - an international mapping5
3.1.2The financial market7
3.2Corporate Objectives7
Maximization of […]
The credit crunch and the subsequent global financial crisis in 2007 shattered the trust among private as well as corporate investors.
Keeping in mind that the majority of corporate capital in the UK is raised through equity provided by private as well as institutional shareholders, even the whole national economy began to tumble.
How long will the recession last, what impact will it have on the real economy and is there a chance for businesses to recover and most importantly rebuilt trust among the banking sector were the questions that not only managers and chief executive officers but especially shareholders had to face.
Now, four years after the genesis of the financial crisis, the trust in the markets has not been completely re-established. The question arises what shareholder wealth dedication can expect from a company in the UK market environment.
This study focuses on corporate performance and the deriving degree of shareholder value by analysing three business sectors whereby for each industry sector two representative stock listed companies for a shareholder value analysis were selected:
1) The IT and Communication sector
Represented by: Vodafone Group Plc and British Telecom Group Plc
2) The Oil industry
Represented by: Royal Dutch Shell Plc and British Petroleum Plc
3) The Banking sector
Represented by: Royal Bank of Scotland Plc and Barclays Plc
The author applied the following six financial models as indicators of a shareholder value orientated business-running including:
1) Price/ Earnings Ratio
2) Discounted Cash Flow Model
3) Dividend Valuation Model
4) Economic Value Added
5) Market Capitalization
6) Capital Asset Pricing Model
Those models have been evaluated in accordance to their practical relevance in the real world and in respect to their informative value when it comes to estimating financial performance under the premise of shareholder value creation. Inhaltsverzeichnis:Table of Contents:
AcknowledgementI
AbstractIII
Table of ContentsIV
Table of FiguresVII
List of AppendicesVIII
List of AbbreviationsVII
Chapter 11
Introduction1
Chapter 23
2.0Methodology3
2.1Definition3
2.2Approaches3
2.3Applied Approach3
2.4Time Horizons4
2.5Research Techniques4
3.6Research Limitations4
Chapter 35
3.0Literature Review5
3.1The financial market5
3.1.1Providers of Finance - an international mapping5
3.1.2The financial market7
3.2Corporate Objectives7
Maximization of […]
Inhaltsangabe:Introduction:
The credit crunch and the subsequent global financial crisis in 2007 shattered the trust among private as well as corporate investors.
Keeping in mind that the majority of corporate capital in the UK is raised through equity provided by private as well as institutional shareholders, even the whole national economy ...
The credit crunch and the subsequent global financial crisis in 2007 shattered the trust among private as well as corporate investors.
Keeping in mind that the majority of corporate capital in the UK is raised through equity provided by private as well as institutional shareholders, even the whole national economy ...
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