Valuation: Measuring and Managing the Value of Companies Hardcover -

From the jacket flap

Valuation has become the resource that financial professionals rely on for measuring, managing, and maximizing shareholder value. Now in its updated Seventh Edition, this essential resource provides information for the practical application of finance to solve real-world business problems for a variety of industries and regions. This updated edition reflects the economic events of the past decade, new developments in academic finance, and the authors' latest research and experiences.

Comprehensive in scope, Valuation reviews the foundations of value, explores core and advanced valuation techniques, clarifies how to manage value, and offers solutions for special situations. The authors explain how to develop a business portfolio strategy based on which business units a corporate parent is best positioned to own and which might perform better under someone else's ownership. They also reveal how to assess major transactions such as acquisitions, divestitures, and restructurings. In addition, Valuation gives professionals an understanding of how to design a capital structure that supports a company's strategy with a reasonable level of risk.

This thoroughly revised and updated Seventh Edition provides insights on improving planning and resource allocation, including for digital, for environmental, social, and governance, and for long-term investing. It also includes a collection of fresh case studies.

Valuation plays a pivotal role for both long- and short-term strategy. For more than 30 years, analysts and managers have turned to Valuation as a reference guide, helping to answer questions about challenging situations. This updated edition continues Valuation's reputation for offering the quality solutions you need right now.