Valuation: measuring and managing the value of companies

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"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 book's clarity and comprehensive coverage make it one of the best practitioners' guides to valuation." -Financial Times In the global economy of the 1990s, investors move their money quickly and easily around the world in search of the greatest return. As such, it's essential for today's business graduates to understand the importance of measuring, managing, and maximizing shareholder value. Valuation illustrates how to take advantage of the American tradition of maximizing shareholder value, demonstrates how value-based management contributes to improved strategic thinking, and shows how managers at any level can create value for their companies. In addition, this book provides: A chapter featuring 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 A detailed case study showing how valuation techniques and principles are applied

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User Review  - Docpublicis - LibraryThing

Hailed by financial professionals worldwide as the single best guide of its kind, Valuation, Fourth Edition with CD-ROM combines is thoroughly revised and expanded to reflect business conditions in ... Read full review

LibraryThing Review

User Review  - Docpublicis - LibraryThing

Hailed by financial professionals worldwide as the single best guide of its kind, Valuation, Fourth Edition with CD-ROM combines is thoroughly revised and expanded to reflect business conditions in ... Read full review

Contents

A Practitioners Guide
133
Calculating and Interpreting Results
313
Multibusiness Valuation
327
Copyright

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About the author (1996)

TOM COPELAND is a partner in the New York office of McKinsey & Co., Inc. and a co-leader of the firm's corporate finance practice. He is coauthor with J. Fred Weston of Financial Theory and Corporate Policy and Managerial Finance. He received his PhD in applied economics from the University of Pennsylvania.

TIM KOLLER is a partner at McKinsey & Co., Inc. and a coleader of the firm's corporate finance practice. He was formerly a vice president at Stern Stewart & Co. and a senior financial analyst with Mobil Corporation. He received his MBA from the University of Chicago.

JACK MURRIN, a former partner and leader of the corporate finance practice at McKinsey's New York office, is Senior Vice President, Travelers, Inc., in New York. He is a Certified Public Accountant and was previously with Arthur Andersen & Co. He received his MBA from Stanford University.

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