Saving capitalism from short-termism: how to build long-term value and take back our financial future
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY [u.a.]
McGraw-Hill
2011
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIX, 235 S. |
| ISBN: | 9780071736367 0071736360 |
Internformat
MARC
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| 245 | 1 | 0 | |a Saving capitalism from short-termism |b how to build long-term value and take back our financial future |c Alfred Rappaport |
| 264 | 1 | |a New York, NY [u.a.] |b McGraw-Hill |c 2011 | |
| 300 | |a XIX, 235 S. | ||
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Datensatz im Suchindex
| _version_ | 1804149415580008448 |
|---|---|
| adam_text | IMAGE 1
CONTENTS
FOREWORD IX
ACKNOWLEDGMENTS XIII
INTRODUCTION XV
PART 1
CAUSES AND CONSEQUENCES OF SHORT-TERMISM
CHAPTER 1 THE RISE OF SHORT-TERMISM 3 THE TYRANNY OF SHORT-TERMISM 4
FROM ENTREPRENEURIAL TO AGENCY CAPITALISM 7
* V *
IMAGE 2
CONTENTS
CHAPTER 2 SHORT-TERMISM PRODUCES A FINANCIAL CRISIS 19
RED FLAGS 21 PUBLIC-SECTOR CULPRITS 22 PRIVATE-SECTOR CULPRITS 28
EROSION OF TRUST 40
CHAPTER 3 CORPORATE SHORT-TERMISM 47 THE LEGITIMACY OF SHAREHOLDER VALUE
49 THE MISGUIDED OBSESSION WITH SHORT-TERM EARNINGS 54
OBSESSION WITH EARNINGS COMPROMISES SHAREHOLDER VALUE 61
CHAPTER 4 INVESTMENT MANAGEMENT SHORT-TERMISM 69
PERFORMANCE MEASUREMENT 71 THE APPEAL OF EARNINGS 74 SHORTCOMINGS OF THE
PRICE/EARNINGS MULTIPLE 76
STOCK MARKET EFFICIENCY 78 THE WISDOM OF CROWDS 83 CHANCES OF
OUTPERFORMING THE MARKET 85
* VI *
IMAGE 3
CONTENTS
PART 2
COMBATING SHORT-TERMISM
CHAPTER 5 CORPORATE LONG-TERM PERFORMANCE INCENTIVES 91 INCENTIVES FOR
CEOS AND SENIOR EXECUTIVES 92
INCENTIVES FOR OPERATING-UNIT MANAGERS 114 INCENTIVES FOR FRONT-LINE
EMPLOYEES 116 CONCLUSION 122
CHAPTER 6 BECOMING A LONG-TERM VALUE- CREATING COMPANY 127
GAINING COMMITMENT 129 A DOZEN ESSENTIAL HABITS OF LONG-TERM
VALUE-CREATING COMPANIES 136
CHAPTER 7 AN OVERHAUL OF CORPORATE FINANCIAL REPORTING 155
GLOBAL ACCOUNTING STANDARDS 156 THE TWILIGHT OF INCOME MEASUREMENT 158
THE CORPORATE PERFORMANCE STATEMENT 163 BENEFITS OF THE CORPORATE
PERFORMANCE
STATEMENT 172
* VU *
IMAGE 4
CONTENTS
CHAPTER 8 LONG-TERM PERFORMANCE INCENTIVES FOR INVESTMENT MANAGERS DOES
IT PAY TO INVEST IN ACTIVELY MANAGED
EQUITY FUNDS? 183 MUTUAL FUND FEE STRUCTURE 184 LONG-TERM PERFORMANCE
FEES 187 FUND VERSUS INVESTOR RETURNS 193 THE PERFORMANCE MEASUREMENT
CONUNDRUM 197 INVESTOR-ORIENTED PERFORMANCE MEASURES 200
181
CHAPTER 9 TILTING THE ODDS IN FAVOR OF BETTER LONG-TERM RETURNS FOCUSED
HIGH-CONVICTION PORTFOLIOS 212 READING MARKET EXPECTATIONS IMPLIED BY
STOCK PRICES 215 IDENTIFYING HIGH-CONVICTION STOCKS 219
211
INDEX 225
* V1U *
|
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| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.6 |
| dewey-search | 332.6 |
| dewey-sort | 3332.6 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| isbn | 9780071736367 0071736360 |
| language | English |
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| spelling | Rappaport, Alfred 1932- Verfasser (DE-588)120893908 aut Saving capitalism from short-termism how to build long-term value and take back our financial future Alfred Rappaport New York, NY [u.a.] McGraw-Hill 2011 XIX, 235 S. txt rdacontent n rdamedia nc rdacarrier Kapitalismus Kapitalismus (DE-588)4029577-1 gnd rswk-swf Kurzfristige Erfolgsrechnung (DE-588)4166236-2 gnd rswk-swf Investment analysis Capitalism Kapitalismus (DE-588)4029577-1 s Kurzfristige Erfolgsrechnung (DE-588)4166236-2 s DE-604 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025223030&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Rappaport, Alfred 1932- Saving capitalism from short-termism how to build long-term value and take back our financial future Kapitalismus Kapitalismus (DE-588)4029577-1 gnd Kurzfristige Erfolgsrechnung (DE-588)4166236-2 gnd |
| subject_GND | (DE-588)4029577-1 (DE-588)4166236-2 |
| title | Saving capitalism from short-termism how to build long-term value and take back our financial future |
| title_auth | Saving capitalism from short-termism how to build long-term value and take back our financial future |
| title_exact_search | Saving capitalism from short-termism how to build long-term value and take back our financial future |
| title_full | Saving capitalism from short-termism how to build long-term value and take back our financial future Alfred Rappaport |
| title_fullStr | Saving capitalism from short-termism how to build long-term value and take back our financial future Alfred Rappaport |
| title_full_unstemmed | Saving capitalism from short-termism how to build long-term value and take back our financial future Alfred Rappaport |
| title_short | Saving capitalism from short-termism |
| title_sort | saving capitalism from short termism how to build long term value and take back our financial future |
| title_sub | how to build long-term value and take back our financial future |
| topic | Kapitalismus Kapitalismus (DE-588)4029577-1 gnd Kurzfristige Erfolgsrechnung (DE-588)4166236-2 gnd |
| topic_facet | Kapitalismus Kurzfristige Erfolgsrechnung |
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