Скачать книгу - Equity Value Enhancement. A Tool to Leverage Human and Financial Capital While Managing Risk



A detailed look at risk identification and value creation in private equity investment Equity Value Enhancement («EVE»): Governance, Risk, Relationships & Knowledge («GRRK») provides the information and tools practitioners and business owners need to work with the multitude of intangibles («GRRK») in equity investment decisions. The author engages readers with an insightful and brief claim: «Values are more than numbers.» He then provides support for just how important human capital is to the value creation paradox. He doesn't stop there because ideas without definitive actions don't promote transformation. He further challenges the reader with: «If you don't think outside of the box, you're doomed to live in the box.» A user-friendly manual chock full of vignettes, suggestions and pithy commentary EVE is a must read for owners, officers, boards and advisors to derive understanding of business value drivers. This book teaches the reader how to conduct more intangible asset due diligence as well as what decisions and behaviors impact value. With more effective methods of risk identification, measurement, management, and mitigation («IMMM»), trusted advisors and owners can establish a «working on the business» strategy to prioritize issues impacting a company's intangible assets – assets which almost inevitably create the largest component of value in flourishing companies. This focus also serves to reduce risk while leveraging human capital and operational effectiveness. This book challenges users of value enhancement and valuation services to demand greater intellectual rigor to best serve owners/investors of the United States' economic engine—the midmarket company. Therefore, readers are challenged to look beyond the common metrics and numbers. They are admonished to rely less on formulaic approaches and on software that can generate spurious opinions. The reader is called to action by the author, a US Marine Combat Officer veteran, to lead the change: «You burn the boats if you want to be sure you succeed taking the island.» Trillions of dollars of private equity are changing hands as Baby Boomer owners and investors seek greater liquidity and legacies while investors seek higher returns from direct investment in private companies. This book provides risk and human capital guidance removing some of the guesswork on valuation and value creation. Provide better evidence of value & equity discounts Identify and quantify risk and provide tools to manage it Inform better business management and investment decisions Create a more comprehensive valuation for equity investments Roadmap and strategy for enhancement of going concern value Governance, Risk and Compliance («GRC») management are hot topics in today's economic environment. The familiar financial metrics may not be providing adequate indications of value creation – the core principle of most shareholder investment expectation. To identify risk and work with it effectively, practitioners need an in-depth understanding of the forces at play. Equity Value Enhancement is a detailed, insightful guide for making better equity decisions. Finally, the author puts his passion front and center by offering the reader the opportunity to invest in the human capital this book addresses by encouraging support of military veteran's with combat PTSD so they may be productive citizens with the leadership and business skills provided by our country's «Greatest Generation.»


The Red Queen: sex and the evolution of human nature The Red Queen: sex and the evolution of human nature

Автор: Ridley Matt

Год издания: 

Почему мы занимаемся сексом? Одной из главных причин, утверждает Ридли, является борьба с болезнью. Постоянно объединяя и рекомбинируя гены каждого поколения, "людские гены на шаг опережают организмы-паразиты", укрепляя тем самым устойчивость к бактериям и вирусам, которые вызывают смертельные заболевания или эпидемии. Теория "Красной Королевы", получившая название от имени шахматной фигуры в Зазеркалье Кэрролла, которая функционирует, не двигаясь с места, эта гипотеза является лишь одной из спорных идей, которые были изложены в этом остроумном, элегантном письменном исследовании. Ридли, лондонский ученый и бывший редактор Economist утверждает, что мужчины полигамны по той очевидной причине, что тот пол, которому приходится тратить больше времени и энергии на создание и воспитание потомства, будет стремится избежать дополнительных спариваний. Женщины, хотя и гораздо меньше заинтересованы в нескольких партнерах, будут прелюбодействовать, если окружены посредственными партнерами. По не совсем убедительному выводу Ридли даже свойства интеллекта завязаны на секс: артистизм, индивидуальность, изобретательность и связанные с этим черты, которые делают людей сексуально привлекательными.


Diffusion value of the pledge. Collector activity Diffusion value of the pledge. Collector activity

Автор: Николай Камзин

Год издания: 

In order to develop production and expand markets for all interested in handling financial resources. Own funds are limited because actual borrowed funds of credit institutions. Loan is secured by collateral, for which execution is levied for improper fulfillment of financial obligations. When activated, deposit procedures arises business process by which the performance of collateral, encumbered with outstanding financial obligation, it becomes a catalyst for dispersion of its value among the involved credit institutions affiliated to it the same structures, and the borrower, the owner of the collateral, forced to pay for their services. Registry of collateral individual credit institution is the value of having a monetary value, or more precisely register the debt, the return of the collateral is provided, during the implementation procedures of the collateral is an extremely topical issue of cost. Affiliated bank structure use a "ready" for implementation of the collateral as a financial instrument whose value is dynamic in time.


Diffusion value of the collateral among the affiliated persons of the credit organization structures Diffusion value of the collateral among the affiliated persons of the credit organization structures

Автор: Николай Камзин

Год издания: 

The aim of the article is to perform an economic and legal analysis of the financial claims of the credit institution to the borrower through the implementation of the acquired using borrowed funds vehicle that is owned by the borrower and burdened the right of pledge in favor of the bank. And also to identify factors influencing the effect of the financial cost of spraying alienated collateral, including affiliated bank structures, be associated with this process.


Vox Humana. Собрание стихотворений Vox Humana. Собрание стихотворений

Автор: Лидия Аверьянова

Год издания: 

Лидия Ивановна Аверьянова (1905–1942) – талантливая поэтесса и переводчица, автор пяти не вышедших в свет сборников стихов, человек драматической и во многом загадочной судьбы. Лирика Л. Аверьяновой вызвала сочувственный интерес у Ф. Сологуба, А. Ахматовой, В. Набокова, Г. Струве и др. Наиболее ценная часть ее литературного наследия – «Стихи о Петербурге»; в 1937 г. они обрели статус «стихов-эмигрантов» и посмертно, в извлечениях, публиковались за рубежом под присвоенным автору псевдонимом А. Лисицкая. Поэтическое творчество Л. Аверьяновой представлено в книге во всей возможной полноте, большая часть стихотворений печатается впервые. В основу издания легли материалы из фондов Пушкинского Дома (СПб.) и Гуверовского института (США).


Social Capital and Strategy Effectiveness: An Empirical Study of Entrepreneurial Ventures in a Transition Economy Social Capital and Strategy Effectiveness: An Empirical Study of Entrepreneurial Ventures in a Transition Economy

Автор: I. Manev

Год издания: 

Although new ventures’ competitive positioning and their founders’ social networks are both recognized as important in the context of transition economies, not much is known about their multiplicative effect on performance. We build on the strategic management literature and social network theory to develop theoretical predictions about the role of competitive strategies and social capital for entrepreneurial performance. These are tested with survey data from Bulgaria. We find that both the venture’s competitive strategic positioning and the founder’s networking positively influence performance. The hypothesized moderating effect of networking for the relationship between differentiation strategy and performance received only tentative support. Contrary to expectations, we find a negative moderating effect of networking for the relationship of cost leadership with performance. These results suggest that the entrepreneur’s network plays a role in shaping how strategies influence performance by possibly upholding differentiation and deemphasizing cost leadership strategy. Implications for managerial practice and public policy are discussed.