Value: The Four Cornerstones of Corporate Finance

An accessible guide to the essential issues of corporate finance

While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out.

Value explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art.

• Discusses the four foundational principles of corporate finance
• Effectively applies the theory of value creation to our economy
• Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management
• Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions

A perfect companion to the Fifth Edition of Valuation, this book will put the various issues associated with corporate finance in perspective.

About the Authors

Tim Koller is a partner in McKinsey's New York office, the head of the firm's Corporate Performance Center, and a member of the leadership group of the firm's global corporate finance practice. During his 25 years of consulting based in New York and Amsterdam, Tim has served clients globally on corporate strategy and capital markets, mergers and acquisitions, and value-based management. He is the co-author of Valuation: Measuring and Managing the Value of Companies, which is now in its fifth edition and used around the world by banks, corporations, and leading business schools as the authoritative text on the subject. Tim leads the firm's research activities in valuation and capital markets. Prior to joining McKinsey, Tim was with Stern Stewart & Company and Mobil Corporation. He received an MBA from the University of Chicago.

Richard Dobbs is a partner in McKinsey's Seoul office and a director of the McKinsey Global Institute, the firm's business and economics research arm. Prior to this, Richard oversaw R&D for McKinsey's corporate finance practice. Since joining McKinsey in London in 1988, Richard has served clients globally on corporate strategy and capital markets, mergers and acquisitions, and value-based management. He is a graduate of Oxford University, an associate fellow of the Saïd Business School at Oxford and, as a Fulbright Scholar, received an MBA from the Stanford Graduate School of Business.

Bill Huyett is a partner in McKinsey's Boston office and a leader of the firm's strategy, corporate finance, and health care practices. During his 23 years in consulting based in Boston, Zurich, and Washington D.C., Bill has served clients globally on product development and commercialization, growth, innovation, corporate strategy, mergers and acquisitions, and corporate leadership. Before joining McKinsey, Bill held a variety of line management positions in the electronics industry. His degrees in electronics engineering and computer science are from the University of Virginia, as is his MBA.