‘Valuation’ makes it easier for anyone involved in business to understand what determines a company's value – and how to increase it.
Hailed by financial professionals worldwide as the best guide of its kind, Valuation has been updated to reflect conditions in today's volatile global economy. In addition to new case studies, this long-awaited third edition includes in-depth coverage of real options and insurance companies as well as new chapters on:
Valuing Internet startups and other hypergrowth companies
Valuing cyclical companies and companies in emerging markets
Value creation and measurement.
The authors describe, step by step and with a minimum of jargon, how to conduct valuation analyses and how to use them in assessing corporate performance and making managerial decisions. The book grew out of McKinsey's Corporate Finance Practice and was aimed at developing approaches to valuation and financial thinking that link finance to strategy. For online book purchase and download of accompanying speadsheets see www.wileyvaluation.com Earlier editions are available in Chinese, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, and Russian.
Read reviews "A how-to guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies." The New York Times
"Should serve very well the professional manager who wants to do some serious thinking about what really does contribute value to his or her firm and why." The Journal of Finance
“The book’s clarity and comprehensive coverage make it one of the best practitionaers’ guides to valuation.” The Financial Times
“Valuation is like a Swiss army knife… you wil be prepared for just about any contingency.” Martin H. Dubilier, Chairman of the Board, Clayton & Dubilier, Inc
“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
This strategic and operational guide provides practical information on how to design effective cross-border alliances - based on hundreds of case studies worldwide that illustrate the common factors that go into winning alliances. The authors highlight the key steps in putting together a powerful alliance, including overcoming resistance to alliances from executives and managers, finding the best structure and partner to meet a given set of goals, building flexibility into collaboration to permit changes in legal and financial structures, and rescuing poorly conceived alliances.
