Valuation: Measuring and Managing the Value of Companies, Third Edition
- 7h 29m
- Jack Murrin, Tim Koller, Tom Copeland
- John Wiley & Sons (US)
- 2000
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 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.
McKinsey & Company, Inc. is an international top management consulting firm. Founded in 1926, McKinsey & Company, Inc. advises leading companies around the world on issues of strategy, organization, and operations, and specializes areas such as finance, information technology and the Internet, research and development, sales, marketing, manufacturing, and distribution.
About the Authors
Tom copeland was previously a partner and co-leader of the corporate finance practice at McKinsey & Company, Inc., and a professor of finance at UCLA's Anderson School of Management.
Tim Koller is a partner at McKinsey & Company, Inc., and co-leader of its corporate finanace and strategy practice. He specializes in restructuring, mergers and acquisitions, and corporate strategy.
Jack Murrin was previously a partner and co-leader of the corporate finance practice at McKinsey & Company, Inc. He has subsequently held senior executive positions at leading financial instiutions.
In this Book
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Valuation—Measuring and Managing the Value of Companies, Third Edition
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Why Value Value?
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The Value Manager
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Fundamental Principles of Value Creation
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Metrics Mania:Surviving the Barrageof Value Metrics
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Cash Is King
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Making Value Happen
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Mergers, Acquisitions,and Joint Ventures
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Frameworks for Valuation
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Analyzing Historical Performance
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Estimating the Cost of Capital
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Forecasting Performance
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Estimating Continuing Value
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Calculating and Interpreting the Results
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MultibusinessValuation
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Valuing Dot.coms
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Valuing Cyclical Companies
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Valuing Foreign Subsidiaries
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Valuation Outside the United States
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Valuation in Emerging Markets
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Using Option Pricing Methods to Value Flexibility
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Valuing Banks
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Valuing Insurance Companies