Review
"Information in the book is clearly presented. A good read which will enable you to approach corporate valuation with confidence." (Lloyd's List, 4th November 2000)


Review
"Information in the book is clearly presented. A good read which will enable you to approach corporate valuation with confidence." (Lloyd's List, 4th November 2000)


Book Description
Completely Updated, Over 200,000 Copies Sold!
"A 'how-to' guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies." -New York Times
THE #1 guide TO CORPORATE VALUATION IS NOW BETTER THAN EVER!
"The book's clarity and comprehensive coverage make it one ofthe best practitioners' guides to valuation." -Financial Times
"Should serve very well the professional manager who wants to do some serious thinking about what really does contribute value to his or her firm and why." -The Journal of Finance
"Valuation is like a Swiss army knife . . . you will be prepared for just about any contingency." -Martin H. Dubilier, Chairman of the Board, Clayton & Dubilier, Inc.
"This book on valuation represents fresh new thinking. The writing is clear and direct, combining the best academic principles with actual experience to arrive at value-increasing solutions." -J. Fred Weston, cordner Professor of Money and Financial Markets, Graduate School of Management, UCLA

System Requirements:
Pentium II PC or greater
Windows 98 or later
128MB RAM
20MB Hard Disk Space
Excel 97 / 2000 (Alone or part of Office 97 / 2000) w/Report Manager & Analysis ToolPak installed and enabled.
(Note: Formulas & Computations are not guaranteed in later versions of Excel)
Video Display: 800 x 600 recommended


Book Info
Written for those wanting to improve their ability to create value for the stakeholders in their businesses. Addresses estimating the value of alternative corporate and business strategies, assessing major transactions such as mergers, divestitures, recapitalizations, and share repurchases. DLC: Corporations--Valuation--Handbooks, manuals, etc.


From the Inside Flap
Hailed by financial professionals worldwide as the single best guide of its kind, Valuation provides crucial insights into how to measure, manage, and maximize a company’s value. This long-awaited Third Edition has been comprehensively updated and expanded to reflect business conditions in today’s volatile global economy and to provide highly effective ways for managers at every level to create value for their companies. In addition to all new case studies, Valuation now includes in-depth coverage on valuing dot.coms, cyclical companies, and companies in emerging markets, along with detailed instructions on how to drive value creation and apply real options to corporate valuation. Here is expert guidance that management and investment professionals and students alike have come to trust, including: Valuation’s acclaimed chapter devoted to insights into the strategic advantages of value-based management Strategies for multibusiness valuation, 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 Detailed, actual case studies showing how valuation techniques and principles are applied This timeless, respected book on valuation allows you to face the crossroads where corporate strategy and finance meet with more confidence and winning strategies than ever before. McKinsey & Company, inc. is an international top management consulting firm. Founded in 1926, McKinsey & Company, Inc. advises leading companies around the world on issues of strategy, organization, and operations, and in specialized areas such as finance, information technology and the Internet, research and development, sales, marketing, manufacturing, and distribution. Please visit us at www.WileyValuation.com WileyValuation.com is a premier Web site devoted to all things valuation. At this unique online community for financial professionals, you will enjoy the following features: New information on valuation topics links to key valuation sites Valuation message boards and chats Downloadable valuation spreadsheets


Back Cover Copy
Completely Updated, Over 200,000 Copies Sold! "A ‘how-to’ guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies." –New York Times THE #1 GUIDE TO CORPORATE VALUATION IS NOW BETTER THAN EVER! "The book’s clarity and comprehensive coverage make it one ofthe best practitioners’ guides to valuation." –Financial Times "Should serve very well the professional manager who wants to do some serious thinking about what really does contribute value to his or her firm and why." –The Journal of Finance "Valuation is like a Swiss army knife . . . you will be prepared for just about any contingency." –Martin H. Dubilier, Chairman of the Board, Clayton & Dubilier, Inc. "This book on valuation represents fresh new thinking. The writing is clear and direct, combining the best academic principles with actual experience to arrive at value-increasing solutions." –J. Fred Weston, cordner Professor of Money and Financial Markets, Graduate School of Management, UCLA


About the Author
TOM COPELAND was previously a partner and co-leader of the corporate finance practice at McKinsey & Company, Inc., and a professor of finance at UCLA’s Anderson School of Management. TIM KOLLER is a partner at McKinsey & Company, Inc., and co-leader of its corporate finance and strategy practice. He specializes in restructuring, mergers and acquisitions, and corporate strategy. JACK MURRIN was previously a partner and co-leader of the corporate finance practice at McKinsey & Company, Inc. He has subsequently held senior executive positions at leading financial institutions.

FROM THE PUBLISHER

The #1 guide to corporate valuation is now better than ever! Hailed by financial professionals worldwide asthe single best guide of its kind, Valuation provides crucial insights into how to measure, manage, and maximize a company's value. This long-awaited Third Edition has been comprehensively updated and expanded to reflect business conditions in today's volatile global economy and to provide highly effective ways for managers at every level to create value for their companies. In addition to new case studies, Valuation includes new information on: value creation and measurement,valuing Internet startups and other hyper-growth companies, valuing cyclical companies and companies in emerging markets, and calculating the cost of capital and option pricing methods to value flexibility.Here is expert guidance that management and investment professionals and students alike have come to trust, including: insights into the strategic advantages of value-based management; strategies for multibusiness valuation, and valuation for corporate restructuring, mergers, and acquisitions; international comparisons of the cost of capital and differences in accounting procedures. This timeless, prestigious book on valuation allows managers to face the crossroads where corporate strategy and finance meet with more confidence and winning strategies than ever before.McKinsey & Company, Inc. is one of the most prestigious consulting firms in the world. Its global reach stretches to dozens of countries and covers a wide array of practices. Tom Copeland is a Professor of Finance at UCLA's Anderson School of Management. Tim Koller is a partner at McKinsey & Company. Jack Murrin isSenior Vice President, Travelers, Inc., in New York.

SYNOPSIS

Hailed by financial professionals worldwide as the single best guide of its kind, Valuation provides crucial insights into how to measure, manage, and maximize a company's value. This long-awaited Third Edition has been comprehensively updated and expanded to reflect business conditions in today's volatile global economy and to provide highly effective ways for managers at every level to create value for their companies.

In addition to all new case studies, Valuation now includes in-depth coverage on valuing dot.coms, cyclical companies, and companies in emerging markets, along with detailed instructions on how to drive value creation and apply real options to corporate valuation. Here is expert guidance that management and investment professionals and students alike have come to trust, including: Valuation's acclaimed chapter devoted to insights into the strategic advantages of value-based management Strategies for multibusiness valuation, 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 Detailed, actual case studies showing how valuation techniques and principles are applied This timeless, respected book on valuation allows you to face the crossroads where corporate strategy and finance meet with more confidence and winning strategies than ever before.

McKinsey & Company, Inc. is an international top management consulting firm. Founded in 1926, McKinsey & Company, Inc. advises leading companies around the world on issues of strategy, organization, and operations, andin specialized areas such as finance, information technology and the Internet, research and development, sales, marketing, manufacturing, and distribution.

Please visit us at www.WileyValuation.com WileyValuation.com is a premier Web site devoted to all things valuation. At this unique online community for financial professionals, you will enjoy the following features: New information on valuation topics links to key valuation sites Valuation message boards and chats Downloadable valuation spreadsheets

FROM THE CRITICS

Lloyd's List

Information in the book is clearly presented. A good read which will enable you to approach corporate valuation with confidence.

Financial Times

THE #1 GUIDE TO CORPORATE VALUATION IS NOW BETTER THAN EVER! The book's clarity and comprehensive coverage make it one ofthe best practitioners' guides to valuation.

New York Times Book Review

Completely Updated, Over 200,000 Copies Sold! A 'how-to' guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies.

The Journal of Finance

Should serve very well the professional manager who wants to do some serious thinking about what really does contribute value to his or her firm and why.

Booknews

This guide provides advice on the measurement, management, and maximization of a company's value, with an emphasis on cash-flow valuation. This edition includes new case studies reflecting the development of the global economy. Dot.coms, cyclical companies, and emerging markets are all examined. Strategies for multi-business valuation, valuations for restructuring, mergers, and acquisitions are also considered. The authors are financial consultants. Annotation c. Book News, Inc., Portland, OR (booknews.com)

WHAT PEOPLE ARE SAYING

J. Fred Weston, cordner Professor of Money and Financial Markets, Graduate School of Management, UCLA
This book on valuation represents fresh new thinking. The writing is clear and direct, combining the best academic principles with actual experience to arrive at value-increasing solutions. — J. Fred Weston