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專業詞彙
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Value additivity principle (VAP)
A quality of the NPV method of capital budgeting that enables managers to consider each project independently. The sum of project NPVs represents the value added to the corporation by taking them on.

Value-Based Management (VBM)
Relating the firm's strategies and operating decisions to measures of economic value created.

Value chain
An approach to strategy that analyzes the steps or chain of activities in the firm to find opportunities for reducing cost outlays while adding product characteristics valued by customers.

Value drivers
Operating measures that have a major influence on the value of a firm.

Vertical merger
A combination of firms that operate in different levels or stages of the same industry (e.g., a toy manufacturer merges with a chain of toy stores--forward integration; an auto manufacturer merges with a tire company-- backward integration).

Virtual organization
The links of the value chain are brought together by contracts the company makes with its suppliers and customers. This is a form of virtual integration facilitated by a networked computer system or through the Internet.

Voting plan
A poison pill antitakeover defense plan that issues voting preferred stock to target firm shareholders. At a trigger point, .preferred stockholders (other than the bidder for the target) become entitled to supervoting privileges, making it difficult for the bidder to obtain voting control.

Voting trust
A device by means of which shareholders retain cash flow rights to their shares while giving the right to vote those shares to another entity.

 

資料來源:J. Fred Weston, Mark L. Mitchell, and J. Harold Mulherin, “Takeovers, Restructuring, and Corporate Governance”, Forth Edition, Pearson Educational International

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