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Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Valuation 5th Revised edition [Minkštas viršelis]

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  • Formatas: Paperback / softback, 268 pages, aukštis x plotis x storis: 254x178x19 mm, weight: 428 g
  • Serija: Wiley Finance Series
  • Išleidimo metai: 15-Apr-2011
  • Leidėjas: John Wiley & Sons Ltd
  • ISBN-10: 0470424648
  • ISBN-13: 9780470424643
Kitos knygos pagal šią temą:
Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Valuation 5th Revised editionDidesnis paveikslėlis
  • Formatas: Paperback / softback, 268 pages, aukštis x plotis x storis: 254x178x19 mm, weight: 428 g
  • Serija: Wiley Finance Series
  • Išleidimo metai: 15-Apr-2011
  • Leidėjas: John Wiley & Sons Ltd
  • ISBN-10: 0470424648
  • ISBN-13: 9780470424643
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9780470424643.html

The ideal companion to Valuation, Fifth Edition

If you want to get more out of Valuation, Fifth Edition, then pick up the Valuation Workbook. This comprehensive study guide provides you with an invaluable opportunity to explore your understanding of the strategies and techniques covered in the main text, before putting it to work in real-world situations.

Along with a complete answer key, this workbook also covers such essentials as value creation, value metrics, M&A and joint ventures, and valuation frameworks. Brief summary chapters also help to reinforce major points.

  • Walks you through Valuation, Fifth Edition, providing chapter-by-chapter coverage of the core text
  • Offers complete coverage of analyzing historical information, estimating the cost of capital and continuing value, forecasting performance, and calculating results
  • Tests your comprehension of the ideas presented throughout, with multiple-choice questions and problems

Valuation Workbook is filled with a wealth of practical learning exercises and information that will help you understand and apply the proven principles found in Valuation, Fifth Edition.

About the Authors ix
Introduction xi
Part One Questions
1 Why Value Value?
3(3)
2 Fundamental Principles of Value Creation
6(3)
3 The Expectations Treadmill
9(3)
4 Return on Invested Capital
12(3)
5 Growth
15(3)
6 Frameworks for Valuation
18(4)
7 Reorganizing the Financial Statements
22(4)
8 Analyzing Performance and Competitive Position
26(4)
9 Forecasting Performance
30(5)
10 Estimating Continuing Value
35(5)
11 Estimating the Cost of Capital
40(4)
12 Moving from Enterprise Value to Value per Share
44(4)
13 Calculating and Interpreting Results
48(4)
14 Using Multiples to Triangulate Results
52(3)
15 Market Value Tracks Return on Invested Capital and Growth
55(4)
16 Markets Value Substance, Not Form
59(4)
17 Emotions and Mispricing in the Market
63(3)
18 Investors and Managers in Efficient Markets
66(4)
19 Corporate Portfolio Strategy
70(3)
20 Performance Management
73(4)
21 Mergers and Acquisitions
77(5)
22 Creating Value through Divestitures
82(4)
23 Capital Structure
86(4)
24 Investor Communications
90(4)
25 Taxes
94(3)
26 Nonoperating Expenses, One-Time Charges, Reserves, and Provisions
97(4)
27 Leases, Pensions, and Other Obligations
101(4)
28 Capitalized Expenses
105(2)
29 Inflation
107(7)
30 Foreign Currency
114(3)
31 Case Study: Heineken
117(6)
32 Valuing Flexibility
123(3)
33 Valuation in Emerging Markets
126(3)
34 Valuing High-Growth Companies
129(3)
35 Valuing Cyclical Companies
132(10)
36 Valuing Banks
142(7)
Part Two Answers
1 Why Value Value?
149(1)
2 Fundamental Principles of Value Creation
150(2)
3 The Expectations Treadmill
152(2)
4 Return on Invested Capital
154(2)
5 Growth
156(2)
6 Frameworks for Valuation
158(2)
7 Reorganizing the Financial Statements
160(2)
8 Analyzing Performance and Competitive Position
162(2)
9 Forecasting Performance
164(3)
10 Estimating Continuing Value
167(3)
11 Estimating the Cost of Capital
170(2)
12 Moving from Enterprise Value to Value per Share
172(2)
13 Calculating and Interpreting Results
174(2)
14 Using Multiples to Triangulate Results
176(2)
15 Market Value Tracks Return on Invested Capital and Growth
178(2)
16 Markets Value Substance, Not Form
180(2)
17 Emotions and Mispricing in the Market
182(2)
18 Investors and Managers in Efficient Markets
184(2)
19 Corporate Portfolio Strategy
186(2)
20 Performance Management
188(2)
21 Mergers and Acquisitions
190(2)
22 Creating Value through Divestitures
192(2)
23 Capital Structure
194(3)
24 Investor Communications
197(2)
25 Taxes
199(2)
26 Nonoperating Expenses, One-Time Charges, Reserves, and Provisions
201(3)
27 Leases, Pensions, and Other Obligations
204(3)
28 Capitalized Expenses
207(2)
29 Inflation
209(7)
30 Foreign Currency
216(3)
31 Case Study: Heineken
219(5)
32 Valuing Flexibility
224(2)
33 Valuation in Emerging Markets
226(2)
34 Valuing High-Growth Companies
228(3)
35 Valuing Cyclical Companies
231(7)
36 Valuing Banks
238
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. Erik Benrud is a clinical full professor of finance and the CFA Review Coordinator and Advisor at Drexel University. His research has appeared in many peer-reviewed journals, and he has won teaching and research awards from Association to Advance Collegiate Schools of Business (AACSB)-accredited universities. He consults and has delivered seminars on finance around the world. Erik received his PhD from the University of Virginia where he also taught finance.