Valuation: Measuring and Managing the Value of Companies (Wiley Professional Banking and Finance Series) - Tapa dura

Now completely updated to reflect the most current business practices and conditions, this study delivers potent strategies for measuring and enhancing the value of any company. The authors evaluate strategies for multi-business valuation, business valuation within the international context, and valuation for corporate restructuring, mergers and acquisitions. The book provides insights into value-based management and a unique country-by-country comparison of accounting methods, cost of capital and valuation techniques.

Valuation Measuring and Managing the Value of Companies Second Edition The bestseller that opened the eyes of corporate America to the importance of measuring, managing, and maximizing shareholder value is now expanded and updated to help managers boost their companys value in a vastly altered business climate. In the global economy of the 1990s, investors move their money quickly and easily around the world in search of the greatest return. This expanded edition of Valuation describes the valuation process and explains the differences between valuation and accounting practices in the United States and those in other countries. It illustrates how to take advantage of the American tradition of maximizing shareholder value, demonstrates how value-based management contributes to improved strategic thinking, and shows managers at every level in any corporation how to create value for their companies. In addition, this book provides:

• A new chapter featuring insights into the strategic advantages of value-based management
• Strategies for multibusiness valuation, valuation of international businesses, and valuation for corporate restructuring, mergers, and acquisitions
• International comparisons of the cost of capital, differences in accounting procedures, and how valuation works in different countries
• A detailed case study showing how valuation techniques and principles are applied
• A disk featuring a sample valuation model for Lotus 1-2-3 and EXCEL

The accompanying disk provides a unique opportunity to view a company through the eyes of financial experts. The model enables managers to calculate a companys current value based on forecast assumptions. Numerous analytical reports will help managers evaluate company performance and develop forecast assumptions. Truly the crossroads where corporate strategy and finance meet, this book contains the latest information on new ways to apply valuation and value-based management to maximize any companys appeal to investors and other capital sources.