Background
Martin, John David was born on October 1, 1945 in Ruston, Louisiana, United States.
(As the first decade of the 21st century winds down we hav...)
As the first decade of the 21st century winds down we have seen a sea change in society's attitudes toward finance. The 1990s can best be described as the decade of shareholder supremacy, with each firm trying to outdo the other in their allegiance to shareholder value creation, or as it came to be known, Value-Based Management (VBM). No one seemed to question this culture as the rising firm valuations translated into vast wealth creation for so many. Three significant economic events have reshaped how the public feels about an unbridled devotion to VBM and have defined the last decade: the dot.com bubble in 2000, the infamous accounting scandals of 2001, and the collapse of the credit markets in 2007-2008. In all three of these events the CEOs were portrayed as reckless and greedy and Wall Street went from an object of admiration to an object of scorn. The first edition of this book, Value Based Management: The Corporate Response to the Shareholder Revolution was written to help explain the underpinnings of Value-Based Management. At the time of its publication, few questioned whether the concept was the proper thing to do. Instead, the debate was focused on how to implement a VBM program. With this new second edition, the authors look at VBM after having seen it through good times and bad. It is not their intent to play the blame game or point fingers. Nor is it their intent to provide an impassioned defense of VBM. Instead they provide an academic appraisal of VBM, where is has been, where it is now, and where they see it going.
http://www.amazon.com/gp/product/0195340388/?tag=2022091-20
( With its exciting introduction of the Harley-Davidson ...)
With its exciting introduction of the Harley-Davidson focus company theme, this book continues to provide a solid, enduring foundation of the tools of modern theory while at the same time developing the logic behind their use. The “10 Principles of Finance” (formerly “Axioms” ) provide the framework, or “the big picture” of finance, which ties the major concepts of the book together. A six-part organization covers the scope and environment of financial management, valuation of financial assets, investment in long-term assets, capital structure and dividend policy, working-capital management, and special topics in finance, and special topics in finance. For an enduring understanding of the basic tools and fundamental principles upon which finance is based.
http://www.amazon.com/gp/product/0131450654/?tag=2022091-20
(Why do some firms create extraordinary value for sharehol...)
Why do some firms create extraordinary value for shareholders, while others destroy it? A powerful suite of value based management tools can make the difference. Value based management (VBM) refers to tools that financial managers can use to plan, monitor, and control a firm's operations in ways that enhance shareholder value. This timely book--based on the authors' research and on an extensive study of firms that have successfully implemented VBM systems--provides the first objective, field-tested synthesis of the most popular models in use today: the free cash flow method, the economic value added/market value added (EVA/MVA) method, and the cash flow return on investment approach (CFROI). Pointing to lessons learned by VBM adopters in a wide variety of industries, the authors outline the advantages and disadvantages of each model, and guide managers in electing, implementing, and operating one that best fits their organization. At its essence, value based management involves transforming behavior in a way that encourages employees to think and act like owners. Laying the foundation for building a capital market-focused measurement and reward system that ties employee-level performance to owner-level rewards, this book will help today's leaders establish a continuous cycle of value creation that benefits all stakeholders of a company.
http://www.amazon.com/gp/product/0875848001/?tag=2022091-20
( KEY BENEFIT: Keown allows readers to see the big pictur...)
KEY BENEFIT: Keown allows readers to see the big picture by letting them understand the logic that drives finance rather than memorizing formulas. Very user friendly, the basic pedagogical approach to the presentation of new tools and techniques is “say it” then “illustrate it with an example” and reinforce with lots of “real world examples”. As well as including strong international coverage some key topics are: Financial Markets and Interest Rates; Understanding Financial Statements and Cash Flows; Time Value of Money; Risk and Return; Bond and Stock Valuation; Capital-Budgeting Techniques and Practice; Cash Flows and Other Topics in Capital Budgeting; and Current Asset Management. For an enduring understanding of the basic tools and fundamental principles upon which finance is based.
http://www.amazon.com/gp/product/0131856057/?tag=2022091-20
researcher author finance educator
Martin, John David was born on October 1, 1945 in Ruston, Louisiana, United States.
Bachelor of Business Administration cum laude, Louisiana Technology University, 1967. Master of Business Administration, Louisiana Technology University, 1968. Doctor of Philosophy in Finance, Texas Tech University, 1973.
Instructor economics Louisiana Technology University, Ruston, 1968—1969. Instructor finance Texas Texas Tech University, Lubbock, 1969—1973. Associate professor finance Virginia Polytechnic Institute and State University, Blacksburg, 1973—1977, Texas Agricultural and Mechanical University, College Station, 1977—1979, University Texas, Austin, 1980—1983, professor finance, 1984—1986, chairman graduate studies committee, 1984—1986.
Executive committee of operating board trustees Texas Student Publications, 1984—1988, faculty senior and University council, 1992—1994. Doctor of Philosophy program advisor First Republic Bank, 1984—1986, centennial professor business administration, 1987—1988, Margaret and Eugene McDermott professor banking and finance, 1989—1998. Carr P. Collins chairholder, professor finance Baylor University, since 1999.
( With its exciting introduction of the Harley-Davidson ...)
(Why do some firms create extraordinary value for sharehol...)
( KEY BENEFIT: Keown allows readers to see the big pictur...)
(As the first decade of the 21st century winds down we hav...)
("If you have materials which you would like to share with...)
(Custom Edition for California State University Fullerton)
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Member of Southwestern Finance Association (president 1980-1981), Southern Finance Association (board directors 1978-1980, 1984-1986), Finance Management Association (director doctoral seminar 1983, chairman editor selection committee Finance Management 1984, board directors 1991-1992), Phi Kappa Alpha, Beta Gamma Sigma, Phi Kappa Phi.
Married Sally Johnson. Children: Marcus David, Jesse John.