Only 1 left in stock.
Ships from and sold by Your Online Bookstore.
CDN$ 40.99 + CDN$ 6.49 shipping

Ship to:
To see addresses, please
Or
Please enter a valid postal code.
Or
+ CDN$ 8.25 shipping
Used: Very Good | Details
Condition: Used: Very Good
Comment: Very gently used. Tight binding and clean pages.
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Valuation: Avoiding the Winner's Curse Hardcover – Jan 14 2002

2.0 out of 5 stars 1 customer review

See all 8 formats and editions Hide other formats and editions
Amazon Price
New from Used from
Kindle Edition
"Please retry"
Hardcover
"Please retry"
CDN$ 40.99
CDN$ 40.98 CDN$ 6.34

50% Off Amazon Prime when you join Amazon Student
click to open popover

No Kindle device required. Download one of the Free Kindle apps to start reading Kindle books on your smartphone, tablet, and computer.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.



Product details

  • Hardcover: 240 pages
  • Publisher: FT Press; 1 edition (Jan. 14 2002)
  • Language: English
  • ISBN-10: 013034804X
  • ISBN-13: 978-0130348043
  • Product Dimensions: 15.3 x 1.3 x 22.9 cm
  • Shipping Weight: 558 g
  • Average Customer Review: 2.0 out of 5 stars 1 customer review
  • Amazon Bestsellers Rank: #3,565,585 in Books (See Top 100 in Books)
  • Would you like to tell us about a lower price?
    If you are a seller for this product, would you like to suggest updates through seller support?

  • See Complete Table of Contents

Product description

From the Inside Flap

Preface

Valuation is the essence of finance. It asks the question, "What is the 'fair' price to pay for an asset that has a set of uncertain future cash flows?" In the past, the answer to this question was provided by time-tested methods. In recent years, however, new approaches have emerged as practitioners have sought improved ways to assess value. New approaches have also evolved in response to the development of the "new economy" and the many e-commerce companies that were privatized without a history of either earnings or cash flows.

With the backdrop of a rapidly changing valuation environment, this book presents a practitioner-oriented view of the fundamentals of firm valuation. The focus is on valuation for acquisition purposes. In large measure, an acquisition is viewed herein as equivalent to the purchase of any productive asset, namely, as a capital budgeting exercise. Furthermore, valuation is considered to be an art, not a science. Consequently, the reader will find that there are many "rules of thumb" but few inviolable principles to guide them.

The metrics used for valuing companies are not well defined, varying often according to the objectives of the valuation and often with the companies themselves. Consequently, executives and equity analysts face many choices and dilemmas as they try to assess value. Throughout this book, practical solutions are suggested for dealing with these dilemmas and for helping the reader make informed choices. The methods discussed are principally for use in nonfinancial companies; the topic of valuing financial companies is beyond the scope of this book.

To use this book effectively, the reader will need an understanding of the fundamentals of accounting and finance. Furthermore, a background in spreadsheet software, such as EXCEL, is also beneficial.

From the Back Cover

In Valuation: Avoiding the Winner's Curse, authors Kenneth R. Ferris and Barbara S. Pecherot Petitt will help you master both the science and the art of M&A valuation. Concise, realistic, and easy to use, it brings together the field's best "rules of thumb," compares every leading traditional and alternative approach, presents examples and case studies from many industries, and offers practical solutions for today's key accounting, reporting, and tax-related challenges.

See all Product description

Customer reviews

5 star
0
4 star
0
3 star
0
2 star
1
1 star
0
Share your thoughts with other customers
See all 1 customer reviews

Top customer reviews

on July 1, 2004
Format: Hardcover
0Comment|Was this review helpful to you?YesNoReport abuse

Most helpful customer reviews on Amazon.com

Amazon.com: 4.0 out of 5 stars 5 reviews
4.0 out of 5 starsGreat guide for M&A's but they go into infinite loops ...
on February 18, 2016 - Published on Amazon.com
Verified Purchase
5.0 out of 5 starsFive Stars
on June 26, 2015 - Published on Amazon.com
Verified Purchase
5 people found this helpful.
4.0 out of 5 starsA Good Read!
on July 22, 2005 - Published on Amazon.com
Format: Hardcover
6 people found this helpful.
2.0 out of 5 starsMet the man, taken his courses...
on July 1, 2004 - Published on Amazon.com
Format: Hardcover
3 people found this helpful.
5.0 out of 5 starsInsightful!
on July 27, 2004 - Published on Amazon.com
Format: Hardcover

Where's My Stuff?

Delivery & Returns

Need Help?