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FM+PPT

FM+PPT

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Published by Srideb Saha

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Published by: Srideb Saha on Jul 08, 2011
Copyright:Attribution Non-commercial

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12/10/2012

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OBJECTIVE OF THE FIRM:SHAREHOLDER'S WEALTHMAXIMIZATION
Presented & Submitted by:
MAVERICKS
D
ibyendu ChakrabortyHarsh SwetabhJoel KhoPrasanjit PandeyRohit Kr. SinghSharifuddin Mallick
 
What is Shareholder·s Wealth?
The market price of the company¶s common stock.
Earnings Per Share.
Other aspects like increasing sales, capturing more Marketshare etc, which will take care of profitability.
Return on Investments in terms of time value of money.
 
H
ow to Maximize that Wealth?
Emphasis is on cash flows rather than profit.
By concentrating on net worth or µValue of the business¶.
Value of business = EPS / Capitalization rate.

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