TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

... the best way to maximize the shareholder value, or more accurately, the value added through the next management decision, is to systematically analyse that decision's effects on cash flow and on risk of all businesses. The interdependence of most business decisions may be the true challenge of orientating an enterprise towards the shareholder value concept.  2, record 1, English, - shareholder%20value

Record number: 1, Textual support number: 1 PHR

create, evaluate, increase, maximize, unlock shareholder value.  3, record 1, English, - shareholder%20value

Record number: 1, Textual support number: 2 PHR

creation, destruction of shareholder value.  3, record 1, English, - shareholder%20value

Record number: 1, Textual support number: 3 PHR

driver of shareholder value; shareholder value determination; shareholder value decision; shareholder-value-maximizing investment decision; value driver.  3, record 1, English, - shareholder%20value

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Différence entre le prix de vente et le prix d'achat d'une action augmenté des dividendes reçus au cours d'une période donnée.  1, record 1, French, - valeur%20actionnariale

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 CONT

Pero, ¿cómo cuantificar si una empresa está creando valor o destruyéndolo? Tradicionalmente, medidas como la Rentabilidad de Fondos Propios (ROE) o los Beneficios por Acción (EPS) han sido los ratios de gestión más utilizados por los analistas y servían, por extensión, como medidores del valor de los accionistas de la empresa. Sin embargo, como veremos no existe en la práctica una correlación inmediata entre la mejora de estos ratios y la creación de valor.  1, record 1, Spanish, - valor%20de%20los%20accionistas

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

A decision-oriented instruction for the value-maximizing management of investments in a division, an enterprise, a conglomerate or even an economy.  1, record 2, English, - shareholder%20value%20concept

Record number: 2, Textual support number: 1 OBS

Investment is meant in a wide sense, covering physical and intangible assets as well as portfolio investments. Maximization obviously means increase, but an increase to the best of one's own ability in consideration of available information and resources.  1, record 2, English, - shareholder%20value%20concept

Record number: 2, Textual support number: 2 OBS

Shareholder value is regarded as a theory of management.  1, record 2, English, - shareholder%20value%20concept

Record 2,  Textual support,  French

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 CONT

An enterprise orientated towards the Shareholder Value concept and credibly making this business policy public, therefore should be able to attract more capital or capital at lower cost than an enterprise not trying to maximize its Shareholder Value, because it is usually in the interest of (potential) shareholders to gain a higher value added.  1, record 3, English, - maximize%20shareholder%20value

Record number: 3, Textual support number: 1 OBS

See "shareholder value concept".  2, record 3, English, - maximize%20shareholder%20value

Record 3,  Textual support,  French

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 DEF

The cost, expressed as a yield rate, of investment funds whether obtained through borrowing, equity investment or retention of earnings.  2, record 4, English, - cost%20of%20capital

Record number: 4, Textual support number: 1 CONT

In investment appraisal, the cost of capital is used in discounted cash flow calculations, either directly in the discounting procedure (net present value), or as a standard of comparison with the internal rate of return. That is to say, it is the minimum rate of return which a firm would consider a new investment project ...  3, record 4, English, - cost%20of%20capital

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 DEF

Taux de rendement minimal que l'entreprise doit réaliser sur ses nouveaux investissements afin de garantir aux actionnaires un rendement au moins comparable à celui qu'ils pourraient obtenir sur le marché s'ils effectuaient des investissements comportant le même risque.  2, record 4, French, - co%C3%BBt%20du%20capital

Record number: 4, Textual support number: 1 OBS

Ce taux est habituellement établi sur la base du coût pondéré du capital, reflétant le coût des différents moyens de financement (emprunts, capitaux propres, etc.) disponibles pour les nouveaux investissements projetés.  2, record 4, French, - co%C3%BBt%20du%20capital

Record 4,  Textual support,  Spanish

Record number: 4, Textual support number: 1 DEF

Tasa de rendimiento que la empresa debe ganar para poder remunerar los fondos propios y los ajenos. El coste de capital tiene relación con el tipo de interés marginal que la empresa debe pagar por sus fondos ajenos, y con el coste implícito de ampliaciones de capital(dividendo prometido en relación al dinero aportado por el nuevo accionista). Al analizar una nueva inversión, el valor actual del flujo de caja generado por la misma, descontado al coste de capital, debe ser superior al importe de la inversión.  1, record 4, Spanish, - coste%20de%20capital

Record number: 4, Textual support number: 1 OBS

coste de capital: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  2, record 4, Spanish, - coste%20de%20capital