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【资料名称】：The Valuation Handbook: Valuation Techniques from Today's Top Practitioners
【资料作者】：Rawley Thomas & Benton E. Gup
【出版社】： Wiley
【简介及目录】：
Product Details
- Hardcover: 630 pages
- Publisher: Wiley, (November 2, 2009)
- Language: English
- ISBN-10: 0470385790
Product Description
The definitive guide to valuation written by a who's who of today's top practitioners
The Valuation Handbook differssignificantlyfrom other related books on this topic because thecontributors arepractitioners, academics, and investment firms thatexplain how theyvalue companies and other assets. It concentrates onspecific andinnovative valuation techniques, rather than thetheoretical approachesmore generally accepted and discussed. Given theextreme volatility ofthe stock market, valuation is a critical issuefor analysts, investors,and businesses. Here, various professionalcontributors explain howtheir firms approach the valuation process,while academic contributorsshare their valuation consulting andresearch experience.
- Examines how to value assets in today's dynamic market setting
- Offers a broad spectrum of ideas from some of the top practitioners and academics in this field
- Highlights state-of-the-art approaches to company valuation
From the Inside Flap
Intheory, valuation is a relatively simple process of discounting afirm'sexpected cash flows by investors' required rates of return. Inpractice,valuation is highly complex because there are numerousvaluation modelsand techniques. So, how can financial professionalsand consulting firmseffectively value companies? They must choose thevaluation models andtechniques that are best suited for the situationat hand.
Giventhe extreme volatility of today's markets and the continuingeconomicuncertainty, valuation is a critical issue for analysts,investors, andbusinesses. That's why you need The Valuation Handbook.Filledwith in-depth insights and expert advice, this reliable resourcetouchesupon the essential aspects of this field, including thevaluation ofpublic companies, private companies, illiquid companies,start-ups, andbusiness units. It also covers the specific tools andtechniques neededto excel at this endeavor, rather than focusing onthe underlyingtheories associated with the valuation process. Theinformation foundhere applies equally to investment firms wheresecurity analysts pickstocks and managers combine those stocks intodiversified portfolios, aswell as corporations where management seeksto create shareholder wealthin a highly competitive economy.
Written with the seriousfinancial professional in mind, this bookdetails a variety of importantissues you must become familiar with,including:
- Valuation, valued-based management, governance, and drivers
- Residual income
- Cash return and net cash flow valuation methods
- Specialized valuations and liquidity
- And much more
The Valuation Handbookdiffers significantly from other sources of information on thissubjectbecause the contributors to this guide are practitionersrepresentingconsulting and investment firms, plus academics—all whoexplain howthey value companies and other assets. Along the way, theseleadingpractitioners and academics provide a unique perspective on howtovalue both publicly traded and privately held companies.
Inthese times of enormous economic stress, the financial professionneedsto rethink many of its assumptions and processes involving thecoretopic of valuation. The Valuation Handbook will help you achieve this goal and put you in a better position to make more informed valuation decisions.
More About the Author
Rawley ThomasisPresident of LifeCycle Returns, Inc. He is Vice PresidentofPractitioner Services for the Financial ManagementAssociationInternational (FMA) and Chairman of the FMA PDDARI(Practitioner DemandDriven Academic Research Initiative) AdvisoryCommittee. Currently,Thomas serves on the Northern Illinois AccountancyBoard and chairs theFMA PDDARI as supported by the CFA Society ofChicago.
Benton E. Gup, PhD, has served as a staff economist fortheFederal Reserve Bank of Cleveland and currently holds the RobertHuntCochrane/Alabama Bankers Association Chair of Banking at theUniversityof Alabama. Gup worked in bank research for the Office oftheComptroller of the Currency while on sabbatical in 1997. He is alsotheauthor or editor of a number of books in the area of finance.
Table of Contents
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