Valuation

Measuring and Managing the Value of Companies

Tim Koller, Marc Goedhart, David Wessels - Collection Wiley Finance

742 pages, parution le 24/06/2005 (4^eme édition)

Ajouter à une liste

Indisponible

Résumé

In today's economy, it's essential for business professionals to excel at measuring, managing, and maximizing shareholder value. Valuation, hailed by financial professionals worldwide as the single best guide of its kind, shows managers at every level how to create value for their companies. The new Fourth Edition has been updated and expanded to provide critical insights into the business conditions that characterize today's volatile global economy. Along with all-new case studies, it takes a fresh look at topical issues in finance including the Internet bubble in capital markets, new accounting rules, the cost of capital, valuing assets in emerging markets, and managing performance.

Order Valuation: Measuring and Managing the Value of Companies, Fourth Edition, the accompanying Workbook, the CD-ROM, or the Valuation and CD-ROM set and put the #1 guide to corporate valuation to work for you!

L'auteur - Tim Koller

Tim Koller is a partner in McKinsey's New York office. Tim has served clients in North America and Europe on corporate strategy and issues concerning capital markets, M&A transactions, and value-based management. He leads the firm's research activities in valuation and capital markets issues. He received his MBA from the University of Chicago.

L'auteur - Marc Goedhart

Marc Goedhart is an associate principal in McKinsey's Amsterdam office. Marc has served clients across Europe on portfolio restructuring, issues concerning capital markets, and M&A transactions. He received a PhD in finance from Erasmus University Rotterdam.

L'auteur - David Wessels

David Wessels is an adjunct Professor of Finance and director of executive education at the Wharton School of the University of Pennsylvania. Named by BusinessWeek as one of America's top business school instructors, he teaches corporate valuation at the MBA and Executive MBA levels. David received his PhD from the University of California at Los Angeles.

Sommaire

Foundations of Value
- Why Maximize Value?
- The Value Manager
- Fundamental Principles of Value Creation
- Do Fundamentals Really Drive the Stock Market?
Core Valuation Techniques
- Frameworks for Valuation
- Thinking about Return on Invested Capital and Growth
- Analyzing Historical Performance
- Forecasting Performance
- Estimating Continuing Value
- Estimating the Cost of Capital
- Calculating and Interpreting Results
- Using Multiples for Valuation
Making Value Happen
- Performance Measurement
- Performance Management
- Creating Value through Mergers and Acquisitions
- Creating Value through Divestitures
- Capital Structure
- Investor Communications
Advanced Valuation Issues
- Valuing Multibusiness Companies
- Valuing Flexibility
- Cross-Border Valuation
- Valuation in Emerging Markets
- Valuing High-Growth Companies
- Valuing Cyclical Companies
- Valuing Financial Institutions
Appendix A: Economic Profit and the Key Value Driver Formula
Appendix B: Discounted Economic Profit Equals Discounted Free Cash Flow
Appendix C: Adjusted Present Value Equals Discounted Free Cash Flow
Appendix D: Levering and Unlevering the Cost of Equity
Appendix E: Leverage and the Price-Earnings Multiple
Index

Voir tout

Replier

Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Tim Koller, Marc Goedhart, David Wessels
Collection	Wiley Finance
Parution	24/06/2005
Édition	4^eme édition
Nb. de pages	742
Format	18,5 x 26
Couverture	Relié
Poids	1528g
Intérieur	Noir et Blanc
EAN13	9780471702191
ISBN13	978-0-471-70219-1