VALUATION
MEASURING AND MANAGING THE VALUE OF COMPANIES
FOURTH EDITION
author：
McKinsey & Company
Tim Koller
Marc Goedhart
David Wessels

JOHN WILEY & SONS, INC
This book will help business managers better understand how to:
•Decide among alternative business strategies by estimating the value
of each strategic choice.
•Develop a corporate portfolio strategy, understanding which busi-
ness units a corporate parent is best positioned to own, and which
might perform better under someone else’s ownership.
•Assess major transactions, including acquisitions, divestitures, and
restructurings.
•Improve a company’s performance management systems to better
align an organization’s various parts to create value.
•Design an effective capital structure to support the corporation’s
strategy and minimize the risk of financial distress.