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Value-Based Metrics: Foundations and Practice

Book · June 2000

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Value-Based Metrics: Foundations and Practice
Frank J. Fabozzi (Editor), James L. Grant (Editor)
ISBN: 978-1-883249-76-2
294 pages
June 2000

Description
Investors, shareholders, and corporate leaders looking for an edge in today's New Economy are
moving beyond traditional accounting yardsticks toward new means of gauging performance and
profitability. An increasing number of Wall Street analysts and corporate boards are adopting value-
based metrics such as EVA, MVA, and CFROI as a measure of a firm's profitability because these
standards adjust for all of the firm's cost of capital - equity as well as debt. James Grant tackled the
issue of economic value added in its infancy with Foundations of Economic Value Added - one of the
first primers on the topic, endorsed by its creator, G. Bennett Stewart. Now, in Value Based Metrics:
Foundations and Practice, he and Frank Fabozzi head a team of some of the leading proponents of
value based metrics on both the investment management side and the corporate side. This
comprehensive reference outlines how corporations and analysts can use value based metrics to
more accurately measure the financial performance of individual companies, industries, and
economies, as well as how to get an edge in today's turbulent market.

Table of Contents
Preface.

About the Editors.

Contributing Authors.

1. Value-Based Metrics: Motivation and Practice (F. Fabozzi and J. Grant).

 2. Value-Based Metrics in Financial Theory (F. Fabozzi and J. Grant).

3. Closing the GAAP Between Earnings and EVA (A. Ehrbar).

4. Value-Based Measures of Performance (P. Peterson).

5. Does Value-Based Management Discourage Investment in Intangibles? (S. O'Bryne).

6. Integrating EVA? into the Portfolio Management Process (J. Wolin and S. Klopukh).

7. Economic Margin: The Link Between EVA and CFROI (D. Obrycki and R. Resendes).

8. Value-Based Management and Economic Value Added: A Global Perspective (S. Young).

9. EVA and the OECD Principles of Corporate Governance (R. Shaw, et al.).

10. The Implementation of Value-Based Metrics and the Next Steps in Corporate Valuation (R.
Gupta and C. MacDonald).

11. Allocating Risk Capital in Banking (R. Kimball).

12. Internal Use of Value-Based Metrics (B. Lorge).

Index.

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