An accessible guide to the essential issues of corporate finance
While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out.
Value explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art.
Discusses the four foundational principles of corporate finance
Effectively applies the theory of value creation to our economy
Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management
Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions
A perfect companion to the Fifth Edition of Valuation, this book will put the various issues associated with corporate finance in perspective.
Table of Contents
- Half Title Page
- Title Page
- About the Authors
Part One: The Four Cornerstones
- 1: Why Value Value?
- 2: The Core of Value
- 3: The Conservation of Value
- 4: The Expectations Treadmill
- 5: The Best Owner
Part Two: The Stock Market
- 6: Who Is the Stock Market?
- 7: The Stock Market and the Real Economy
- 8: Stock Market Bubbles
- 9: Earnings Management
Part Three: Managing Value Creation
- 10: Return on Capital
- 11: Growth
- 12: The Business Portfolio
- 13: Mergers and Acquisitions
- 14: Risk
- 15: Capital Structure
- 16: Investor Communications
- 17: Managing for Value
- Appendix A: The Math of Value
- Appendix B: The Use of Earnings Multiples
- Title: Value: The Four Cornerstones of Corporate Finance
- Release date: November 2010
- Publisher(s): Wiley
- ISBN: 9780470424605