Renowned valuation expert Aswath Damodaran reviews the core tools of valuation, examines today’s most difficult estimation questions and issues, and then systematically addresses the valuation challenges that arise throughout a firm’s lifecycle in The Dark Side of Valuation: Valuing Young, Distressed and Complex Businesses.
In this thoroughly revised edition, he broadens his perspective to consider all companies that resist easy valuation, highlighting specific types of hard-to-value firms, including commodity firms, cyclical companies, financial services firms, organizations dependent on intangible assets, and global firms operating diverse businesses. He covers the entire corporate lifecycle, from “idea” and “nascent growth” companies to those in decline and distress, and offers specific guidance for valuing technology, human capital, commodity, and cyclical firms.
Corporate-finance-theory-and-practice.pdf - Corporate Finance: Theory and Practice, 2001, 982 pages, Aswath Damodaran,, 200, John Wiley & Sons Australia, Limited, 2001. Corporate Finance: Theory and Practice -.pdf - 0 downloads ☆ ☆ ☆ ☆ ☆.
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- Pearson Education; June 2009
- ISBN: 9780137036578
- Edition: 2
- Read online, or download in secure PDF or secure EPUB format
- Title: The Dark Side of Valuation
- Author: Aswath Damodaran
- Imprint: FT Press
Subject categories
- Business > Corporate Finance
- Business > Finance
- Business > Investments & Securities
ISBNs
- 0137036574
- 9780134431185
- 9780137036578
- 9780137036554
About The Author
This text is intended for the Corporate Finance course at the MBA level, but it can also be appropriate for undergraduates at higher level schools. Aswath Damodaran is nationally recognized for his teaching approach, using theory and the models that flow from it to understand, analyze and solve problems. He treats corporate finance as a living discipline by making it much more applied than other textbooks. Throughout the text, real companies and real data are used in examples and exercises.
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Table of contents
Introduction to Corporate Finance
The Objective in Corporate Finance
The Time Value of Money
Understanding Financial Statements
Value and Price: An Introduction
The Basics of Risk
Estimating Hurdle Rates for Firms
Estimating Hurdle Rates for Projects
Estimating Earnings and Cash Flows on Projects
Investment Decision Rules
Investment Analysis with Inflation and Exchange Rate Risk
Project Interactions, Side Benefits and Side Costs
Investments in Non-Cash working Capital
Investments in Cash and Marketable Securities
Investment Returns and Corporate Strategy
An Overview of Financing Choices
The Financing Process
The Financing Mix
The Optimal Financing Mix
Financing Mix and Choices Dividend Policy
Analyzing Cash Returned to Stockholders
Beyond Cash Dividends: Buybacks, Spin Offs and Divestitures
Valuation: Principles and Practice
Value Enhancement: Tools and Techniques
Acquisitions and Takeovers
Option Applications in Corporate Finance
New To This Edition
Aswath Damodaran Written Works
Aswath Damodaran Books
- The web site now provides more online links and support for students and teachers, especially for the end-of-chapter 'Real Companies, Real Time' exercises.
- Treatment of valuation has been moved up to Chapter 5. By introducing valuation earlier, it provides a basis for the discussion of the valuation effects of capital structure later in the book.
- There is now a fuller discussion of value enhancement measures and real options.
- There is more detailed support for tables and examples in this edition.
Extra
Features
Aswath Damodaran Erp
- 'Real Companies, Real Data.' Three companies, Boeing, The Home Depot, and Infosoft, are used as examples throughout the text. By following the same three companies throughout, students gain the necessary background to understand the financial principles as they are presented.
- 'Real Companies, Real Time.' These end-of-chapter exercises present students with a guiding set of activities and questions for them to apply to a company of their choosing. This 'live case study' approach allows students to study a company of interest to them while applying chapter concepts to a real company.
- With an emphasis on framework, Damodaran uses a 'big picture' approach to insure that students do not get intimidated by the detail of the formulas and theoretical models. Part-opening road maps also help guide the students.
- A robust web site with support for students and instructors including links and support for the 'Real Companies, Real Time' exercises, extra practice problems and solutions, andupdated analysis on the companies analyzed in the text.