The Fifth University Edition of Valuation: Measuring and Managing the Value of Companies continues the tradition of its bestselling predecessors by providing up-to-date insights and practical advice on how to create, manage, and measure the value of an organization. Along with all-new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect the events of the subprime bubble and its effect on stock markets, new developments in corporate finance, changes in accounting rules, and an enhanced global perspective.…mehr
The Fifth University Edition of Valuation: Measuring and Managing the Value of Companies continues the tradition of its bestselling predecessors by providing up-to-date insights and practical advice on how to create, manage, and measure the value of an organization. Along with all-new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect the events of the subprime bubble and its effect on stock markets, new developments in corporate finance, changes in accounting rules, and an enhanced global perspective.
Die Herstellerinformationen sind derzeit nicht verfügbar.
Autorenporträt
McKINSEY & COMPANY is a management consulting firm that helps leading corporations and organizations make distinctive, lasting, and substantial improvements in their performance. Over the past seven decades, the firm's primary objective has remained constant: to serve as an organization's most trusted external advisor on critical issues facing senior management.
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.
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.
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.
Inhaltsangabe
Part One Foundations of Value
1 Why Value Value?
2 Fundamental Principles of Value Creation
3 Expectations Treadmill
4 Return on Invested Capital
5 Growth
Part Two Core Valuation Techniques
6 Frameworks for Valuation
7 Reorganizing the Financial Statements
8 Analyzing Performance and Competitive Position
9 Forecasting Performance
10 Estimating Continuing Value
11 Estimating the Cost of Capital
12 Moving from Enterprise Value to Value per Share
13 Evaluating and interpreting the Results
14 Using Multiples
Part Three Intrinsic Value and the Stock Market
15 Market Values Track ROIC and Growth
16 Markets Value Substance, Not Form
17 Emotions and Mispricing in the Market
18 Investors and Managers in Efficient Markets
Part Four Managing for Value
19 Corporate Portfolio Strategy
20 Performance Management
21 Mergers and Acquisitions
22 Divestitures
23 Capital Structure
24 Investor Communications
Part Five Advanced Valuation Issues
25 Taxes
26 Nonoperating Expenses, One-time Charges, Reserves and Provisions
