The single biggest preoccupation of senior management of any listed company is its institutional investors. CEOs and CFOs on average spend around 40% of their time dealing with this group, and the implicit goal of most management teams is to maximise share price. Yet the true influences behind movements in share price are poorly understood, and thus many companies do not do a good job of managing their investors. Achieving Fair Value provides the appropriate strategy tools and techniques for management to ensure that their business is valued in a way that accurately reflects its fundamental, sustainable worth for the long term. It is a timely and practical contribution to a topic that should be high on the agenda of any senior management team.
AUS DEM INHALT:
Introduction: What is "fair value" and why does it matter?
Part I: The imperative for a fair value strategy.
Chapter 1: Getting the goals right.
Chapter 2: Why do the markets get it wrong?
Chapter 3: Understanding the institutional fund manager.
Part II: The building blocks of fair value.
Chapter 4: Towards a fair value strategy.
Chapter 5: Determining fair value.
Chapter 6: Targeting value determining investors.
Chapter 7: Profiling value determining investors.
Part III: Delivering a fair value strategy.
Chapter 8: Towards fair value levers.
Chapter 9: Deciding how much to tell investors.
Chapter 10: Deciding how to tell investors.
Chapter 11: The role of management quality.
Part IV: The challenge of managing for fair value.
Chapter 12: Managing a fair value strategy - The challenge of coordination.
Chapter 13: What to expect from the next decade.
Select Bibliography.
AUS DEM INHALT:
Introduction: What is "fair value" and why does it matter?
Part I: The imperative for a fair value strategy.
Chapter 1: Getting the goals right.
Chapter 2: Why do the markets get it wrong?
Chapter 3: Understanding the institutional fund manager.
Part II: The building blocks of fair value.
Chapter 4: Towards a fair value strategy.
Chapter 5: Determining fair value.
Chapter 6: Targeting value determining investors.
Chapter 7: Profiling value determining investors.
Part III: Delivering a fair value strategy.
Chapter 8: Towards fair value levers.
Chapter 9: Deciding how much to tell investors.
Chapter 10: Deciding how to tell investors.
Chapter 11: The role of management quality.
Part IV: The challenge of managing for fair value.
Chapter 12: Managing a fair value strategy - The challenge of coordination.
Chapter 13: What to expect from the next decade.
Select Bibliography.