Book description
An objective framework for assessing management’s effectiveness in deploying capital to increase shareholder value.
Shareholders’ lack of direct control over cash flow represents a blind spot in traditional cash flow-based valuation. Management might deploy a company’s free cash flow in many ways that don’t add shareholder value. Management controls the balance sheet, retaining discretion over assets and power to borrow against future cash flows. This document will help investors evaluate management’s critical role as capital allocator.
Table of contents
Product information
- Title: Follow the Money: A Framework for Investors to Evaluate Management as Capital Allocators
- Author(s):
- Release date: May 2011
- Publisher(s): Pearson
- ISBN: 9780132685658
You might also like
book
The Business of Venture Capital: Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies, 2nd Edition
The definitive guide to demystifying the venture capital business The Business of Venture Capital, Second Edition …
book
Reading Financial Reports For Dummies, 3rd Edition
Reading Financial Reports For Dummies, 3rd Edition (9781119543954) was previously published as Reading Financial Reports For …
book
Analysis of Financial Statements, 3rd Edition
The fully update Third Edition of the most trusted book on financial statement analysis Recent financial …
book
The Essentials of Financial Analysis
It’s easier than you think to understand the financial reports you face every day . . …