MARC Record from marc_columbia

LEADER: 05442fam a2200433 a 4500
001 1445103
005 20220602035733.0
008 930908t19941994maua b 001 0 eng
010 $a 93021411
020 $a0875843808 (acid-free paper)
035 $a(OCoLC)28929446
035 $a(OCoLC)ocm28929446
035 $9AHW4802CU
035 $a(NNC)1445103
035 $a1445103
040 $aDLC$cDLC$dDLC
050 00 $aHG4028.V3$bE37 1994
082 00 $a658.15$220
100 1 $aEhrhardt, Michael C.,$d1955-$0http://id.loc.gov/authorities/names/n93088972
245 14 $aThe search for value :$bmeasuring the company's cost of capital /$cMichael C. Ehrhardt.
260 $aBoston, Mass. :$bHarvard Business School Press,$c[1994], ©1994.
300 $axii, 232 pages :$billustrations ;$c24 cm.
336 $atext$2rdacontent
337 $aunmediated$2rdamedia
338 $avolume$2rdacarrier
490 1 $aFinancial Management Association survey and synthesis series
504 $aIncludes bibliographical references and index.
505 2 $aCh. 1. The Search for Value. I. Value Creation: Stockholders and Stakeholders. II. Techniques for Measuring Value Creation. III. The Rest of the Book -- Ch. 2. Why You Should Use the Weighted Average Cost of Capital. I. The Simplest Case: Perpetual Constant Cash Flows. II. The Cost of Capital Under More Realistic Assumptions. III. Defining Cash Flows -- Appendix: Defining Cash Flows for an Alternative Model: Using the Pre-Tax Costs of Debt and Equity -- Ch. 3. How to Estimate Your Weighted Average Cost of Capital. I. Estimating Costs for the Separate Components of Capital Structure. II. Estimating Weights for the Components of the Capital Structure. III. Sensitivity Analysis -- Appendix: Alternative Methods for Estimating the Cost of Equity -- Ch. 4. The Cost of Capital for a Division, a Project, or a Private Company. I. Estimating Systematic Risk When Stock Prices Are Not Observable. II. Adjusting for Leverage -- Appendix: Other Factors That Affect the Cost of Equity.
505 0 $aCh. 5. Some Advanced Issues: Flotation Costs and Long-Term Projects. I. Flotation Costs. II. The Cost of Capital for Long-Term Projects -- Appendix: Capital Rationing and the Cost of Capital -- Ch. 6. The Cost of Capital for Regulated Companies: Utilities and Deposit-Taking Financial Institutions. I. The Cost of Capital for Utilities. II. The Cost of Capital for Deposit-Taking Financial Institutions -- Ch. 7. The Cost of Capital in a Global Economy. I. Globalization and the Cost of Capital. II. Measuring the Cost of Capital for an International Project -- Appendix: The Adjusted Net Present Value Approach -- Ch. 8. Valuing Strategic Options: When the Discounted Cash Flow Approach Doesn't Work. I. What Are Embedded Real Options? II. Why You Can't Estimate the Cost of Capital for Embedded Real Options. III. Valuing Embedded Real Options.
520 $aIn The Search for Value: Measuring the Company's Cost of Capital, Michael C. Ehrhardt analyzes the latest prescriptive techniques and models for determining the cost of capital. He provides a comprehensive framework for practitioners by detailing the various methods for accurately evaluating investment in projects, divisions, or entire companies.
520 8 $aHe begins with a general discussion of the cost of capital within the context of a firm's overall search for value and continues on to cover such topics as discounted cash flow analysis, flotation costs, long-term projects, and international projects, as well as situations in which traditional cash flow analysis may not apply, such as regulated companies.
520 8 $aEhrhardt moves easily through a variety of technical concepts, providing numerous step-by-step examples to explain how theoretical constructs can be applied to daily financial decisions. He also provides a particularly detailed analysis of estimating capital costs in multidivisional, multiproduct, and multinational firms. Each chapter features an extensive bibliography for further reading.
520 8 $aWritten for financial directors, planners, managers, and analysts as well as for those who study finance issues, this work successfully addresses the concerns of financial practitioners.
520 8 $aIn today's competitive business environment, the consequences of miscalculation can be devastating. Correctly evaluating the cost of capital and thereby determining the value-creating potential of investments is a business imperative. The Search for Value is a unique synthesis of the issues surrounding the cost of capital, presenting the most comprehensive treatment of the topic to date.
520 8 $aThose who implement the ideas in this book will enjoy the returns made possible by accurate measurements of the cost of capital as an integral part of capital budgeting and strategic planning. The Search for Value launches the Harvard Business School Press's publication of the Financial Management Association Survey and Synthesis Series, which seeks to bridge the gap between academic research and practice in the field of finance.
650 0 $aCorporations$xValuation.$0http://id.loc.gov/authorities/subjects/sh85032956
650 0 $aCapital investments.$0http://id.loc.gov/authorities/subjects/sh85019939
830 0 $aFinancial Management Association survey and synthesis series.$0http://id.loc.gov/authorities/names/n86711126
852 00 $boff,bus$hHG4028.V3$iE37 1994