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
1 Jan 2005
TL;DR: A generic value framework for retail electronic payments industry is proposed, which is based on the concept of value network and consists part of an ongoing work towards an integrated decision support environment for actors in the payments industry.
Abstract: Rapid developments in retail electronic payments industry increase complexity and result in fragmented view of the market. Key players in the domain need compact tools for analysis and decision support. This paper proposes a generic value framework for retail electronic payments industry, which is based on the concept of value network and consists part of an ongoing work towards an integrated decision support environment for actors in the payments industry. We use value network approach for the analysis of retail electronic payments aiming to provide a useful tool for better understanding of payments domain.
TL;DR: In this article, the authors propose a framework for centralized versus delegated value assessment responsibility for value-based pricing, based on the integration of literature on pricing and value configurations, which they then exemplify by four illustrative cases for which data were gathered by semi-structured interviews.
Abstract: Value-based pricing is by many companies as well as in academia perceived as the preferred pricing model. The pricing literature includes a long-standing debate on pricing authority and centralized pricing authority can be associated with value-based pricing strategies. A critical success factor for value-based pricing is customer value assessment, and many companies have experienced challenges in implementing value assessment to support its value-based pricing. This paper outlines how centralized versus delegated value assessment responsibility depends on the organization’s value creation character and the variations in value in use for different customers within individual market segments. Based on the integration of literature on pricing and value configurations we propose a framework which we then exemplify by four illustrative cases for which data were gathered by semi-structured interviews. By considering the implications of value creation models on value assessment following our framework we contribute to the understanding of how value assessment responsibilities should be assigned for firms working with value-based pricing.
TL;DR: In this article, the authors examined the risk premium of value stocks within a global investment strategy framework and found that investing in the most underpriced stocks relative to the average ratio of price to fundamental value in a country is the key to achieving superior risk-adjusted returns.
Abstract: This paper examines the risk premium of value stocks within a global investment strategy framework. We test whether absolute or relative mispricing is better suited to capturing the global value premium by using fair value-based net asset values (NAVs) as our proxies for fundamental value. We find that investing in the most underpriced stocks relative to the average ratio of price to fundamental value in a country is the key to achieving superior risk-adjusted returns. The annualized excess return of the global value portfolio sorted according to relative mispricing is 10.0%, and remains significant after controlling for common risk factors.
TL;DR: In this paper, the authors analyze the predictability of returns on value and growth portfolios and examine time variation of the expected value premium, using the filtering technique, which accounts for time variation in expected cash flows and explicitly exploits the constraints imposed by the present value relation.
TL;DR: In this article, the authors analyzed four diversified and international mining companies and found that revenue, commodity price and EBITDA multiple are primary drivers of value across all four companies, despite their different commodity mix.
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2021 | 3 |
| 2020 | 2 |
| 2019 | 2 |
| 2018 | 3 |
| 2017 | 14 |
| 2016 | 20 |