Koller / Goedhart / Wessels Valuation

Measuring and Managing the Value of Companies, University Edition
4. Auflage 2010
ISBN: 978-0-470-89361-6
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 768 Seiten, E-Book

Reihe: Wiley Finance Editions

The University Edition of Valuation 4e offers students and professors up-to-date information on valuing companies. It contains all the revisions of the main edition, plus end of chapter questions for the needs of the classroom.

Autoren/Hrsg.

Koller, Tim

Goedhart, Marc

Wessels, David

Inhaltsverzeichnis

Part One: Foundations of Value.
1. Why Maximize Value?
2. The Value Manager.
3. Fundamental Principles of Value Creation.
4. Do Fundamentals Really Drive the Stock Market?
Part Two: Core Valuation Techniques.
5. Frameworks for Valuation.
6. Thinking about Return on Invested Capital and Growth.
7. Analyzing Historical Performance.
8. Forecasting Performance.
9. Estimating Continuing Value.
10. Estimating the Cost of Capital.
11. Calculating and Interpreting Results.
12. Using Multiples for Valuation.
Part Three: Making Value Happen.
13. Performance Measurement.
14. Performance Management.
15. Creating Value through Mergers and Acquisitions.
16. Creating Value through Divestitures.
17. Capital Structure.
18. Investor Communications.
Part Four: Advanced Valuation Issues.
19. Valuing Multibusiness Companies.
20. Valuing Flexibility.
21. Cross-Border Valuation.
22. Valuation in Emerging Markets.
23. Valuing High-Growth Companies.
24. Valuing Cyclical Companies.
25. Valuing Financial Institutions.
Appendix A: Economic Profit and the Key Value DriverFormula.
Appendix B: Discounted Economic Profit Equals Discounted FreeCash Flow.
Appendix C: Adjusted Present Value Equals Discounted Free CashFlow.
Appendix D: Levering and Unlevering the Cost of Equity.
Appendix E: Leverage and the Price-Earnings Multiple.
Index.

Über Autor(innen)

The authors are all current or former consultants of McKinsey &Company's corporate finance practice. Collectively they havemore than 50 years of experience in consulting and financialeducation.
McKinsey & Company is a management-consulting firm thathelps leading corporations and organizations make distinctive,lasting, and substantial improvements in their performance. Overthe past seven decades, the firm's primary objective hasremained constant: to serve as an organization's most trustedexternal advisor on critical issues facing senior management. Withconsultants deployed from over 80 offices in more than 40countries, McKinsey advises companies on strategic, operational,organizational, financial, and technological issues. The firm hasextensive experience in all major industry sectors and primaryfunctional areas, as well as in-depth expertise in high-priorityareas for today's business leaders.
Tim Koller is a partner in McKinsey's New Yorkoffice. He leads the firm's Corporate Performance Center andis a member of the leadership group of the firm's globalcorporate finance practice. In his 20 years in consulting Tim hasserved clients in North America and Europe on corporate strategyand capital markets, M&A transactions, and value-basedmanagement. He leads the firm's research activities invaluation and capital markets. He was formerly with Stern Stewart& Company, and Mobil Corporation. He received his MBA from theUniversity of Chicago.
Marc Goedhart is an associate principal inMcKinsey's Amsterdam office and a member of the leadershipgroup of the firm's corporate finance practice in Europe.Marc has served clients across Europe on portfolio restructuring,capital markets, and M&A transactions. He taught finance as anassistant professor at Erasmus University in Rotterdam, where healso earned a PhD in finance.
David Wessels is an adjunct professor of finance at theWharton School of the University of Pennsylvania. Named byBusiness Week as one of America's top business schoolinstructors, he teaches courses on investment banking and corporatevaluation at the MBA and Executive MBA levels. David is also adirector in Wharton's executive education group, serving onthe executive development faculties of several Fortune 500companies. David, a former consultant with McKinsey, received hisPhD from the University of California at Los Angeles.