"The book's clarity and 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 and 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, and 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, and 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, and valuation for corporate restructuring, mergers, and acquisitions.
• International comparisons of the cost of capital, differences in accounting procedures, and how valuation works in different countries.
• A detailed case study showing how valuation techniques and principles are applied.