Strategic Corporate Finance: Applications in Valuation and Capital Structure

Index

Accumulated postretirement benefit obligations (APBO)

Acquisition targets, EVA/ROE/ROCE evaluation

Active inventory, optimal inventory (contrast)

Active liability immunization

After-tax interest income, negative carry

After-tax total unfunded PBO

After-tax WACC, earning

ALM perspective

Alternative minimum tax (ALT)

American Jobs Creation Act of 2004

Anheuser-Busch, case study

Asset-liability matching (ALM)

Asymmetric hedging

Average daily trading volume (ADTV)

ADTV/float ratio

ADTV/shares outstanding ratio

arithmetic average

Balance sheets

efficiency, pressure

translation exposure

Balanced decapitalization

Base case quarterly cash flows, improvement

Benchmarking, usage

Benchmarks

goal

management

Beta. See also Industry betas; Multi-variable regression beta; Portfolio beta; Simple mean beta

direct regression, impact

equity cost

Bid-ask spread

Block trades

Bolt-on acquisitions

Book values

impact, absence

usage

Boots Co., Plc., case study

Build to hard order (BTO), pull system

Build to stock (BTS), usage

Business

needs, determination

risks

transparency

underperforming

units, strategic direction (constraints)

value

Buybacks, stock

materiality level

program, size (decision)

Buy-side signaling

Buy-write program

Capacity utilization

Capital

efficiency

expenditures

markets

solutions

reduction

returns, improvement

supply

Capital Asset Pricing Model (CAPM)

application

local version

Capital charge, necessity

Capital cost. See also Global capital costs; Weighted average cost of capital ...