A few brief definitions from Equity section definition, expected, measures, required, because

svgleeson

Please confirm if you agree with the below:


"Expected ROE" = expected return = required return on equity

Shareholders* = equity holders + debt holders

Stakeholders = equity holders + debt holders

Stockholders = equity holders


* The reason I think shareholders include both is because on Schweser page 275 Book 3, in the definition of EVA, it says "measures the value added for shareholders." Well EVA is value added to the whole firm (EVA = NOPAT - $WACC) so I deduced that "shareholders" are both debt and equity holders.

FinancialAnaly

shareholders won't include debtholders

part of the $wacc effectively pays off debt, once debt is paid the remaining cash is left for equityholders only

i hope so anyway

zhaoyp

Yes I think of shareholders as equity holders only.