
Résumé
As the pressure to focus on shareholder returns increases it is essential that CEO's, business managers, financial managers and analysts have the necessary understanding and skills to ensure their actions are producing the appropriate returns.
This bestselling briefing – revised and updated in a new edition – enables you to calculate value effectively. It provides a systematic and reliable means to assess the potential for value creation in a range of circumstances. Covering the latest valuation techniques alongside traditional models, it illustrates their relative advantages and disadvantages with the use of case studies throughout. By applying these models, the risk involved in corporate decision-making can be significantly reduced.
The new edition updates and extends the first edition to incorporate recent developments in this field. Revisions and additions include the complex issue of how to value technology companies; accounting standards; asset-based valuations; book and market values; and cross-border valuations.
Contents
- Introduction
- Review of traditional valuation models and their contemporary operationalisation
- Fundamental DCF models
- The cost of capital in DCF models
- Forecasting free cash flows and calculating horizon values
- Contemporary methods for operationalising the FCF method
- Additional factors in valuation for takeovers and mergers
- Value added through flexibility
- Appendices
L'auteur - Alan Gregory
is Professor of Corporate Finance at the University of
Exeter, where he is the head of the School of Business and
Economics. He has previously been Professor in the
Departments of Accounting and Finance at Glasgow University
and the University of Wales, Aberystwyth. At Exeter he
teaches on the Exeter MBA and MA Finance and Investment
programmes.
His current research interests include takeovers and
mergers, the cost of capital and stock market efficiency,
and his recent published work has included a study of the
long run performance of UK acquiring firms, a CIMA-funded
study of the cost of capital in the UK, the performance of
initial public offerings, share price reaction to
director's trading activity and the performance measurement
of "ethical" unit trusts. His work has been published in
the Economic Journal, Accounting and Business Research, The
Journal of Business Finance and Accounting and European
Financial Management.
In addition to his academic interests, he is chartered
management accountant and has acted as a consultant to HM
Treasury. He has also advised in the valuation of target
companies in takeover bids and acted as a consultant to a
"big five" accounting firm in the determination of the cost
of the capital.
Caractéristiques techniques
PAPIER | |
Éditeur(s) | Prentice Hall |
Auteur(s) | Alan Gregory |
Parution | 01/01/2001 |
Édition | 2eme édition |
Nb. de pages | 232 |
Format | 21 x 29,7 |
Couverture | Broché |
Poids | 925g |
Intérieur | Noir et Blanc |
EAN13 | 9780273653318 |
ISBN13 | 978-0-273-65331-8 |
Avantages Eyrolles.com
Nos clients ont également acheté
Consultez aussi
- Les meilleures ventes en Graphisme & Photo
- Les meilleures ventes en Informatique
- Les meilleures ventes en Construction
- Les meilleures ventes en Entreprise & Droit
- Les meilleures ventes en Sciences
- Les meilleures ventes en Littérature
- Les meilleures ventes en Arts & Loisirs
- Les meilleures ventes en Vie pratique
- Les meilleures ventes en Voyage et Tourisme
- Les meilleures ventes en BD et Jeunesse