"This book on valuation represents fresh new thinking. The writing is
clear and direct, combining the best academic principles with actual
experience to arrive at value-increasing solutions."
-J. Fred Weston, Cordner Professor of Money and Financial Markets, Graduate School of Management, UCLA
THE #1 GUIDE TO CORPORATE VALUATION IS NOW BETTER THAN EVER!
"A 'how-to' guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies."
-New York Times
Hailed by financial professionals, professors, and students
worldwide as the single best guide of its kind, Valuation provides
crucial insights into how to measure, manage, and maximize a company's
value. This long-awaited Third Edition has been comprehensively updated
and expanded to reflect business conditions in today's volatile global
economy and to provide highly effective ways for managers at every level
to create value for their companies.
In addition to all new case studies, Valuation now includes in-depth
coverage on valuing dot.coms, cyclical companies, and companies in
emerging markets, along with detailed instructions on how to drive value
creation and apply real options to corporate valuation. Here is expert
guidance that management and investment professionals and students alike
have come to trust, including:
- Valuation's acclaimed chapter devoted to insights into the
strategic advantages of value-based management Strategies for
multibusiness valuation, and valuation for corporate restructuring,
mergers, and acquisitions
- International comparisons of the cost of capital, differences in
accounting procedures, and how valuation works in different countries
- Detailed, actual case studies showing how valuation techniques and principles are applied
This timeless, respected book on valuation allows you to face the
crossroads where corporate strategy and finance meet with more
confidence and winning strategies than ever before.
Please visit us at www.WileyValuation.com
WileyValuation.com is a premier Web site devoted to all things
valuation. At this unique online community for financial professionals,
you will enjoy the following features:
- New information on valuation topics and links to key valuation sites
- Valuation message boards and chats
- Downloadable valuation spreadsheets
The #1 guide to corporate valuation is now better than ever! Hailed
by financial professionals worldwide as the single best guide of its
kind, Valuation provides crucial insights into how to measure, manage,
and maximize a company's value. This long-awaited Third Edition has been
comprehensively updated and expanded to reflect business conditions in
today's volatile global economy and to provide highly effective ways for
managers at every level to create value for their companies.
In addition to new case studies, Valuation includes new information
on: value creation and measurement, valuing Internet startups and other
hyper-growth companies, valuing cyclical companies and companies in
emerging markets, and calculating the cost of capital and option pricing
methods to value flexibility.
Here is expert guidance that management and investment professionals
and students alike have come to trust, including: insights into the
strategic advantages of value-based management; strategies for
multibusiness valuation, and valuation for corporate restructuring,
mergers, and acquisitions; international comparisons of the cost of
capital and differences in accounting procedures.
This timeless, prestigious book on valuation allows managers to face
the crossroads where corporate strategy and finance meet with more
confidence and winning strategies than ever before.
McKinsey & Company, Inc. is one of the most prestigious
consulting firms in the world. Its global reach stretches to dozens of
countries and covers a wide array of practices. Tom Copeland is a
Professor of Finance at UCLA's Anderson School of Management. Tim Koller
is a partner at McKinsey & Company. Jack Murrin is Senior Vice
President, Travelers, Inc., in New York.