October 2004
Intermediate to advanced
384 pages
11h 35m
English
Estimating the value of a company is a necessary part of business planning, since it provides guidance on alternative valuations that result from different courses of action taken by management. In theory, corporations should choose positive net present value projects to generate incremental shareholder value. However, in practice, corporate value maximization is not simply an analytical exercise, but results from identifying and capturing growth opportunities through prudent strategic investments, and executing the business plan in the backdrop of sound financial and operational risk management. Notwithstanding this caveat, advanced analytical techniques ...
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