想象力溢价:一个预期的性能指标

Q4 Business, Management and Accounting

Strategy and Leadership Pub Date : 2021-07-16 DOI:10.1108/SL-03-2021-0028

Rita Gunther McGrath, Alexander B van Putten, R. Pierantozzi

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引用次数: 1

摘要

目的作者为评估公司的发展潜力提供了一个新的指标，首席执行官和领导团队可以积极管理。设计/方法论/方法想象溢价指标反映了一家公司的股权价值，超出了其挥霍现金的能力。发现对于首席执行官来说，TIP支持了一种论点，即对未来增长的投资是有充分理由的。实际/暗示负面提示表明投资者甚至不会为当前现金流的资本化价值买单，这通常会导致激进投资者、敌意收购威胁和高管更替。原创/价值这篇文章向高管们展示了如何推动投资者为企业增长举措支付的溢价。策略师管理公司TIP的首要任务之一是进行投资组合分析，看看当前每项投资的不确定性有多大，以及整个投资组合是否是一个增长型投资组合，投资者会通过增加TIP来回报。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Imagination Premium: an anticipative performance metric

Purpose The authors offer a new metric for assessing a company's potential for growth that CEO's and leadership teams can actively manage. Design/methodology/approach The Imagination Premium metric reflects the value of a company's equity, beyond what can be readily explained by its ability to throw off cash. Findings For a CEO, TIP provides support for an argument that investments in future growth are well warranted. Practical/implications A negative TIP signals that investors will not even pay for the capitalized value of current cash flow and this usually leads to activist investors, hostile acquisition threats and C-suite turnover. Originality/value The article shows executives how to drive the premium investors will pay for corporate growth initiatives. One of the first things strategists can do to manage their company's TIP is a portfolio analysis that looks at how uncertain each current investment is, and whether the whole portfolio is one growth investors will reward with an increased TIP.

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来源期刊

Strategy and Leadership Business, Management and Accounting-Strategy and Management

CiteScore

1.20

自引率

0.00%

发文量

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