作者:
Tim Koller
/
Marc Goedhart
/
David Wessels 出版社: Wiley 副标题: Measuring and Managing the Value of Companies 出版年: 2020-6-30 页数: 896 装帧: Hardcover ISBN: 9781119610885
Valuation has been the foremost resource for measuring company value for nearly three decades. Now in its seventh edition, this acclaimed volume continues to help financial professionals around the world gain a deep understanding of valuation and help their companies create, manage, and maximize economic value for their shareholders.
Valuation has been the foremost resource for measuring company value for nearly three decades. Now in its seventh edition, this acclaimed volume continues to help financial professionals around the world gain a deep understanding of valuation and help their companies create, manage, and maximize economic value for their shareholders.
This latest edition has been carefully revised and updated throughout, and includes new insights on topics such as digital, ESG (environmental, social and governance), and long-term investing, as well as fresh case studies.
Clear, accessible chapters cover the fundamental principles of value creation, analyzing and forecasting performance, capital structure and dividends, valuing high-growth companies, and much more. The Financial Times calls the book “one of the practitioners’ best guides to valuation.”
作者简介
· · · · · ·
TIM KOLLER is a partner in McKinsey's Stamford, Connecticut office, where he leads a global team of corporate-finance expert consultants. Tim has served clients globally on corporate strategy and capital markets, mergers and acquisitions transactions, and strategic planning and resource allocation.
MARC GOEDHART is a senior expert in McKinsey's Amsterdam office and endowed prof...
TIM KOLLER is a partner in McKinsey's Stamford, Connecticut office, where he leads a global team of corporate-finance expert consultants. Tim has served clients globally on corporate strategy and capital markets, mergers and acquisitions transactions, and strategic planning and resource allocation.
MARC GOEDHART is a senior expert in McKinsey's Amsterdam office and endowed professor of corporate valuation at Rotterdam School of Management, Erasmus University (RSM).
DAVID WESSELS is an adjunct professor of finance at the Wharton School of the University of Pennsylvania. He was named by Bloomberg Businessweek as one of America's top business school instructors.
2 有用 目送飞鸿 2021-12-29 15:33:44
这本书好的地方在于,尽管偏技术性,但全书紧紧围绕“价值”和“价值创造”。序言开宗明义,说明企业有价值是因为其投资回报高于资金成本。第10章进一步说明企业的价值来自良好的资本回报(ROIC)以及增长,但是如果ROIC低于资金成本,则增长只会摧毁价值。遗憾的是,做企业也好,做投资也好,很多人都不明白这个道理,在回答为什么企业有价值时说半天也说不到点子上。而这本书从头到尾都是在围绕这一点。这本书先是介绍... 这本书好的地方在于,尽管偏技术性,但全书紧紧围绕“价值”和“价值创造”。序言开宗明义,说明企业有价值是因为其投资回报高于资金成本。第10章进一步说明企业的价值来自良好的资本回报(ROIC)以及增长,但是如果ROIC低于资金成本,则增长只会摧毁价值。遗憾的是,做企业也好,做投资也好,很多人都不明白这个道理,在回答为什么企业有价值时说半天也说不到点子上。而这本书从头到尾都是在围绕这一点。这本书先是介绍原理和估值方式,第四部分更是围绕它来介绍管理层如何进行价值创造。巴菲特说管理层最重要的作用是资本配置。很多人不明白啥是资本配置,这本书,特别是第四部分讲的就是具体的资本配置方法。 (展开)