Investor Expectations in Value Based Management

Translated by Klementyna Dec and Weronika Mincer

Authors: Mikołajek-Gocejna, Magdalena

  • Explains the process of shaping investor expectations on capital markets including some motivational and cognitive tendencies of investors' thinking
  • Contains first research of correlations between information asymmetry and investor expectations and creation of shareholder value in companies listed on the Warsaw Stock Exchange
  • Includes guidance about how to use investors' relations and information policy to increase value through expectations based management
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eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-06847-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-06846-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 6, 2016
  • ISBN 978-3-319-35781-2
  • Free shipping for individuals worldwide
About this book

Understanding the process of shaping investor expectations is essential to describe and predict changes in the value of assets on the financial markets, especially stock prices on the capital markets and thus the value of companies listed on them. The main objective of this book is to include the investor expectations in the concept of enterprise value management and measurement of shareholders value creation. It seems that the role of expectations, as a determinant of investment decisions on the capital market, requires a deep insight and highlight the importance of managing the expectations for creating value for shareholders, in particular in the context of the financial crisis of 2007-2009. Creating value for shareholders is to overcome investor expectations for the rate of return on their initial investment. That means that managers must understand how investors build their expectations. According to studies conducted by T. Copeland and A. Dolgoff'a there is a strong and statistically significant relation between the shareholders returns and the two types of variables: changes in expectations for the future earnings and changes in the level of interference of provided information. Almost 50% of the variance of return rates can be explained by these two variables. Studies have also shown that changes in expectations for long-term profits have a significant and immediate impact on the share price. Readers of this book will be able to understand the process of investor expectation formulation, will know how to create value in response to investor expectations and how to consciously shape investor expectations in order to increase company value.

About the authors

Magdalena Mikołajek-Gocejna - Ph.D. in economics in the field of management, assistant professor in the Institute of Value Management at Warsaw School of Economics, co-author of several books and numerous scientific articles in the area of value based management, investor relations, investor expectations and value reporting.

Table of contents (8 chapters)

  • High Uncertainty of Companies’ Operations Versus Value Creation in VBM Systems

    Mikołajek-Gocejna, Magdalena

    Pages 1-33

  • Expectations in the Theory of Economics

    Mikołajek-Gocejna, Magdalena

    Pages 35-46

  • Investors’ Expectations

    Mikołajek-Gocejna, Magdalena

    Pages 47-74

  • Creation of Investors’ Expectations: The Role of Investor Relations and Company Information Policy

    Mikołajek-Gocejna, Magdalena

    Pages 75-122

  • Including Investors’ Expectations in the Concept of Value Based Management

    Mikołajek-Gocejna, Magdalena

    Pages 123-146

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-06847-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-06846-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 6, 2016
  • ISBN 978-3-319-35781-2
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
Investor Expectations in Value Based Management
Book Subtitle
Translated by Klementyna Dec and Weronika Mincer
Authors
Copyright
2014
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-06847-3
DOI
10.1007/978-3-319-06847-3
Hardcover ISBN
978-3-319-06846-6
Softcover ISBN
978-3-319-35781-2
Edition Number
1
Number of Pages
XVII, 220
Number of Illustrations and Tables
47 b/w illustrations
Topics