Redefining shareholder value: demystifying the valuation myth

by Schmid, Mariana

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Title Statements

Full title :Redefining shareholder value : demystifying the valuation myth / Mariana Schmid and Milan Frankl.

Summary

Measuring shareholder value has become crucial in the current economic environment, especially following the consistent pressure from institutional shareholders on companies to create shareholder value in an adverse economic environment. Maximizing the company's value will make the company less appealing to hostile takeovers. Takeovers are a capital market mechanism designed to control the conflicts of interest between shareholders and managers of the company. In this study, we will examine the best methods used in measuring shareholder value and, furthermore, explore the process of shareholder value creation in the years prior and following the creeping takeover of Ivanhoe Mines by Rio Tinto Plc. We have based our study on data and ratio analytics from ThomsonONE (Reuters), information that is publicly available through press releases, analyst coverage, and financial news. Our study includes an in-depth analysis of the creeping takeover of Ivanhoe Mines by Rio Tinto Plc. Ivanhoe Mines' discovery of Oyu Tolgoi Project will leave a most impressive legacy to the Mongolian people. Ever since the discovery of Oyu Tolgoi, the city of Ulan Bator has been growing and Mongolia has posted increasing annual gross domestic product with a growth rate of 11.50 percent for the year 2013 alone.

Edition Statements

Publication Date:2015.
Edition:First edition

Publication Statements

Publisher(s):Business Expert Press
Place of Publication:New York
Language:eng
Publication Date:2015.

The Physical Object

Description:1 online resource (138 pages)

Edition Identifiers

ISBN:9781631571671, 1631571672, 1631571664, 9781631571664
oclc:ocn914434024
LC Classification:HG3891
Dewey Decimal:332.042

1. Shareholder value, a review of best valuation methods -- 2. Prevalence of themes in the M & A literature -- 3. Case study, Turquoise Hill resources, previously known as Ivanhoe Mines -- 4. Conclusions and recommendations -- References -- Bibliography -- Index.

Subjects

added shareholder value Business & Economics -- Finance Corporations -- Valuation cost of equity created shareholder value equity market value Ivanhoe Mines optimal capital structure Oyu Tolgoi required return Rio Tinto PLC shareholder return Sociétés -- Évaluation Stockholder wealth Valeur actionnariale valuation using multiples