Topic
Embedded value
About: Embedded value is a research topic. Over the lifetime, 343 publications have been published within this topic receiving 8853 citations.
Papers published on a yearly basis
Papers
TL;DR: The authors of as discussed by the authors argued that the value creation proposition suggests two requirements for assessing alternative theories of capitalism: the practicality of prescriptive guidance for managers and the superiority of its embedded value proposition for sustainable long-term performance.
Abstract: The recent global financial crisis and worst recession since the Great Depression underscore the theoretical and practical importance of defining requirements for assessing alternative theories of capitalism. The expressed goal of Freeman and his co-authors is to replace value-allocating ‘shareholder capitalism’ with value-creating ‘stakeholder capitalism.’ Each theory combines a different value proposition and principal-agent conception. So interpreted, the value creation proposition suggests two requirements for assessing alternative theories. A proposed better theory of capitalism should demonstrate first practicality of prescriptive guidance for managers and second superiority of its embedded value proposition for sustainable long-term performance. Shareholder and stakeholder conceptions are not the only approaches to developing a theory of capitalism embedding a different value proposition and agency model. Two other conceptions suggest organisational wealth and corporate social responsibility (CSR) theories of capitalism. All four alternatives meet the relatively minimal requirement of practicality. Freeman and his co-authors argue the value creation proposition will outperform the value allocation proposition. But organisational wealth and CSR theories may also outperform shareholder capitalism. Demonstrating that stakeholder capitalism will outperform organisational wealth and CSR theories depends on which principal and value proposition one judges most important in particular conditions.
5 citations
TL;DR: In this paper, the authors consider the case where market value is above fundamental value, and return of surplus funds should logically be via a special dividend rather than a share repurchase.
5 citations
Journal Article•
TL;DR: In this article, a holistic marketing framework is designed to address three key management questions:Value exploration - How can a company identify new value opportunities?Value creation and value delivery are achieved by profitable growth.
Abstract: 1. Background of the StudyGlobal meltdown provided some challenges to the Indian mark et. However, the huge potential of Life Insurance scenario in India is flourishing day by day. It is based on the demo graphic profile (young population), growth rate of premium, insurance penetration (4% of GDP) and as an investment destinatio n.1 India is one o f the fastest growing markets in the world map and its share has been rapidly growing over the years except the marginal decline in 2008. The life insurance scenario of India has immense scope in the world map as only twenty percent of total insurable population is covered in various life insurance schemes. Moreover, a study of Kerala's life insurance landscape is relevant since it has a significant position in adult literacy in Indian sub continent with an appreciable rate of 100 percent. According to 2001 census record o f the Government o f Kerala, the state has a population of around 319 millions (31,838,619) people which is approximately 3.44 per cent of the India's total p opulation. The density o f population in Kerala is 819 persons per square kilo meter which is three times higher than the national average of India. 2 Further, considering a holistic picture of Indian market, a study on understand the marketing orientation of life insurance marketers in Kerala.The annual report (2008-2009) of Insurance Regulatory Authority (IRDA) states insurance density of India as USD 47.4. The insurance penetration (insurance premium as per cent of Gross Domestic Product) signifies the level of insurance activity related to the size of the economy. As the GDP per capita raises, it is anticipated that the ind ividuals may be able to buy more insurance. The latest S wiss Re report reveals that the insurance penetratio n in India was 4.6 per cent in 2008 consisting of 4.0 per cent in life business and 0.6 per cent from non- life business, unchanged from 2007. 32. Holis tic M a rke ting Orie ntationA holistic marketing orientation of life insurance products captures the customer value proposition. The holistic marketing view is consolidating of value exp loration, value creation and value delivery activities with the purpose of building long-term, mutually satisfying relationships and co-prosperity among key stakeholders. Life insurance marketers strive to provide high level of product quality, service and speed. In this process they achieve profitable growth b y expanding customer share and constructing customer loyalty. A holistic marketing framework shows how the interaction between relevant actors, customers, company and collaborators and value based activities (value exploration, value creation and value delivery) helps to create, maintain and renew customer value. Highlighting this view, holistic marketers in life insurance industry in Kerala may succeed by managing a superior va lue chain that delivers a high leve l of product quality, service and speed. Additiona lly, an expansion of customer share, building customer loya lty, and capturing customer lifetime value are achieved by profitable growth.The holistic marketing framework is designed to address three key management questions:Value exploration - How can a company identify new value opportunities?Value creation - How can a company efficiently create more promising new value offerings?Value delivery - How can a company use its capabilities and infrastr ucture to deliver the new va lue o ffe rings more e ffic ie ntly?2.1. Value Explo rationIndian life insurance market, especially the market of Kerala is dynamic and competitive where different players search for opportunities that flow within and across market. Life Insurance Corporation o f India (LIC), the go vernmental giant is still in an unbeatable positio n in terms o f market share and penetration. However, due to the entry of various p rivate players in which majority operates with foreign collaboration has s ignificantly trying to capture the market share of LIC thro ugh well-defined strategies for value exploration. …
5 citations
TL;DR: The Straight-Line Income Capitalization Model: A Special Case of Present Value as discussed by the authors is a special case of the present value model, which is used in the Straight-line income capitalization model.
Abstract: (1983). The Straight-Line Income Capitalization Model: A Special Case of Present Value. The Engineering Economist: Vol. 28, No. 4, pp. 311-321.
5 citations
1 Jul 2003
TL;DR: Within the value creation chain of an insurance company, the role of sales networks is fundamental, as creating shareholder value is strictly linked with creating customer value as mentioned in this paper, which is the case in many insurance companies.
Abstract: Within the value creation chain of an insurance company the role of sales networks is fundamental, as creating shareholder value is strictly linked with creating customer value.
5 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2021 | 3 |
| 2020 | 2 |
| 2019 | 2 |
| 2018 | 3 |
| 2017 | 14 |
| 2016 | 20 |