Driving shareholder value

Praise for Driving Shareholder Value

-Finally, a 'how to' book that is not mired in impractical theory. This is a groundbreaking book that is reflective of todav~s dynamic business environment. I will recommend it to, all of my clients."

-Rick Wimmer, Partner
Ernst & Young

-This complete description of Value Based Management from strategic analysis through its 'recipe for success' for effective implementation provides essential knowledge for corporate management, and clearIy demonstrates whv the 'M' in VBM stands for 'Management' rather than simply "Metrics."

-Using both established and new techniques of analysis,
Driving Sharecholder Value describes how companies can
increase stockholder value.Morin and Jarrell's VBM fram-
vork ties it all together in clear, understandable language."

-John B. McKinnon , Corporate Director and
Former President,
Sara Lee Corporation

-Their VBM framework Should become the guiding
principle for employees managers at all levels. The
real options perspective, in particular holds enormous
potential for evaluating venture capital transactions."
-John Ciannamea, Senior Managing Director
Longleaf Venture Fund

Contents

• Preface vii
  
• Acknowledgments xi
  
• PART 1 VALUATION
  
• Chapter 1 The Value-Based Management Framework:
  An Overview
  
• Chapter 2 Why Value Value?
  
• Chapter 3 Value and Capital Markets
  
• Chapter 4 The Value Manager
  
• Chapter 5 DCF Valuation: Spreadsheet Approaches
  
• Chapter 6 DCF Valuation: Formula Approaches
  
• Chapter 7 Comparables Approach to Valuation
  
• Chapter 8 Real Options Valuation
  
• PART Il STRATEGY
  
• Chapter 9 Business Strategy
  
• Chapter 10 Corporate Strategy
  
• PART III FINANCE
  
• Chapter 11 Estimating Discount Rates
  
• PART IV CORPORATE GOVERNANCE
  
• Chapter 12 Performance Metrics
  
• Chapter 13 Corporate Governance and Executive
  Compensation
  
• Chapter 14 Becoming a VBM Company