"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.
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TIM KOLLER is a partner at McKinsey & Co., Inc. and a coleader of the firm′s corporate finance practice. He was formerly a vice president at Stern Stewart & Co. and a senior financial analyst with Mobil Corporation. He received his MBA from the University of Chicago.
JACK MURRIN, a former partner and leader of the corporate finance practice at McKinsey′s New York office, is Senior Vice President, Travelers, Inc., in New York. He is a Certified Public Accountant and was previously with Arthur Andersen & Co. He received his MBA from Stanford University.
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