Book description
The number one guide to corporate valuation is back and better than ever
Thoroughly revised and expanded to reflect business conditions in
today's volatile global economy, Valuation, Fifth Edition
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 new developments in
corporate finance, changes in accounting rules, and an enhanced global
perspective. Valuation, Fifth Edition is filled with expert
guidance that managers at all levels, investors, and students can use
to enhance their understanding of this important discipline.
- Contains strategies for multi-business valuation and valuation
for corporate restructuring, mergers, and acquisitions
- Addresses how you can interpret the results of a valuation in
light of a company's competitive situation
- Also available: a book plus CD-ROM package (978-0-470-42469-8)
as well as a stand-alone CD-ROM (978-0-470-42457-7) containing an
interactive valuation DCF model
Valuation, Fifth Edition stands alone in this field with its
reputation of quality and consistency. If you want to hone your
valuation skills today and improve them for years to come, look no
further than this book.
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.
