Description: "This book on valuation represents fresh new thinking. The writing is clear & direct, combining the best academic principles with actual experience to arrive at value increasing solutions." J. Fred Weston, Cordner Professor of Money & Financial Markets, Graduate School of Management, UCLA. "The book's clarity & comprehensive coverage make it one of the best practitioners' guides to valuation."--Financial Times. In the global economy of the 1990s, investors move their money quickly & easily around the world in search of the greatest return. As such it's essential for today's business graduates to understand the importance of measuring, managing, & maximizing shareholder value. Valuation illustrates how to take advantage of the American tradition of maximizing shareholder value, demonstrates how value-based management contributes to improved strategic thinking, & shows how managers at any level can create value for their companies. In addition this book provides: * A chapter featuring insights into the strategic advantages of value-based management. * Strategies for multibusiness valuation, & valuation for corporate restructuring, mergers, & acquisitions. * International comparisons of the cost of capital, differences in accounting procedures, & how valuation works in different countries. * A detailed case study showing how valuation techniques & principles are applied.

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