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Valuation: Measuring and Managing the Value of Companies 6th Edition, University Edition [Minkštas viršelis]

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  • Formatas: Paperback / softback, 896 pages, aukštis x plotis x storis: 254x178x33 mm, weight: 1202 g
  • Serija: Wiley Finance
  • Išleidimo metai: 14-Aug-2015
  • Leidėjas: John Wiley & Sons Inc
  • ISBN-10: 1118873734
  • ISBN-13: 9781118873731
Kitos knygos pagal šią temą:
  • Formatas: Paperback / softback, 896 pages, aukštis x plotis x storis: 254x178x33 mm, weight: 1202 g
  • Serija: Wiley Finance
  • Išleidimo metai: 14-Aug-2015
  • Leidėjas: John Wiley & Sons Inc
  • ISBN-10: 1118873734
  • ISBN-13: 9781118873731
Kitos knygos pagal šią temą:
McKINSEY'S TRUSTED GUIDE TO TEACHING CORPORATE VALUATION, NOW IN ITS 25TH YEAR

Valuation, University Edition, Sixth Edition, is filled with the expert guidance from McKinsey & Company that students and professors have come to rely on. New to the fully revised and updated Sixth Edition:





New case studies that clearly illustrate how vital valuation techniques and principles are applied in real-world situations Expanded content on advanced valuation techniques New content on the strategic advantages of value-based management that reflect the economic events of the past decade

For twenty-five years Valuation has remained true to its core principles and offers a step-by-step approach to valuation, including:





Analyzing historical performance Forecasting performance Estimating the cost of capital with practical tips Interpreting the results of a valuation in light of a company's competitive situation Linking a company's valuation multiples to the core drivers of its performance

The University Edition contains End-of-Chapter Review Questions, helping students master key concepts from each chapter.

Wiley also offers an Online Instructor's Manual with a full suite of learning resources for professors and students.

www.wileyvaluation.com

Recenzijos

the sixth edition of Valuation , published last year, a quarter of a century after the first, is a reminder of why shareholder value is still the most powerful idea in business and why many criticisms thrown at it are unfair. (The Economist, April 2016)

About the Authors ix
Preface xi
Acknowledgments xv
Part One Foundations of Value
1 Why Value Value?
3(14)
Review Questions
16(1)
2 Fundamental Principles of Value Creation
17(18)
Review Questions
34(1)
3 Conservation of Value and the Role of Risk
35(14)
Review Questions
48(1)
4 The Alchemy of Stock Market Performance
49(16)
Review Questions
64(1)
5 The Stock Market Is Smarter Than You Think
65(30)
Review Questions
93(2)
6 Return on Invested Capital
95(22)
Review Questions
116(1)
7 Growth
117(20)
Review Questions
134(3)
Part Two Core Valuation Techniques
8 Frameworks for Valuation
137(32)
Review Questions
167(2)
9 Reorganizing the Financial Statements
169(38)
Review Questions
204(3)
10 Analyzing Performance
207(22)
Review Questions
226(3)
11 Forecasting Performance
229(30)
Review Questions
255(4)
12 Estimating Continuing Value
259(24)
Review Questions
280(3)
13 Estimating the Cost of Capital
283(34)
Review Questions
314(3)
14 Moving from Enterprise Value to Value per Share
317(22)
Review Questions
336(3)
15 Analyzing the Results
339(12)
Review Questions
349(2)
16 Using Multiples
351(24)
Review Questions
372(3)
17 Valuation by Parts
375(22)
Review Questions
393(4)
Part Three Advanced Valuation Techniques
18 Taxes
397(16)
Review Questions
411(2)
19 Nonoperating Items, Provisions, and Reserves
413(18)
Review Questions
430(1)
20 Leases and Retirement Obligations
431(18)
Review Questions
448(1)
21 Alternative Ways to Measure Return on Capital
449(24)
Review Questions
471(2)
22 Inflation
473(16)
Review Questions
487(2)
23 Cross-Border Valuation
489(24)
Review Questions
511(2)
24 Case Study: Heineken
513(44)
Part Four Managing for Value
25 Corporate Portfolio Strategy
557(20)
Review Questions
575(2)
26 Performance Management
577(22)
Review Questions
598(1)
27 Mergers and Acquisitions
599(30)
Review Questions
627(2)
28 Divestitures
629(20)
Review Questions
647(2)
29 Capital Structure, Dividends, and Share Repurchases
649(32)
Review Questions
680(1)
30 Investor Communications
681(24)
Review Questions
702(3)
Part Five Special Situations
31 Emerging Markets
705(26)
Review Questions
729(2)
32 Valuing High-Growth Companies
731(16)
Review Questions
745(2)
33 Cyclical Companies
747(10)
Review Questions
755(2)
34 Banks
757(28)
Review Questions
784(1)
35 Flexibility
785(36)
Review Questions
819(2)
Appendix A Discounted Economic Profit Equals Discounted Free Cash Flow 821(6)
Appendix B Derivation of Free Cash Flow, Weighted Average Cost of Capital, and Adjusted Present Value 827(6)
Appendix C Levering and Unlevering the Cost of Equity 833(8)
Appendix D Leverage and the Price-to-Earnings Multiple 841(4)
Appendix E Other Capital Structure Issues 845(6)
Appendix F Technical Issues in Estimating the Market Risk Premium 851(4)
Index 855
McKINSEY & COMPANYis a global management-consulting firm that serves across a wide range of industries and functions.

TIM KOLLER is a partner in McKinsey's New York office, where he leads a global team of corporate-finance expert consultants.

MARC GOEDHART is a senior expert in McKinsey's Amsterdam office and leads the firm's Corporate Performance Center in Europe.

DAVID WESSELS is an adjunct professor of finance at the Wharton School of the University of Pennsylvania.