Value: The Four Cornerstones of Corporate Finance
| Author | : | |
| Rating | : | 4.54 (621 Votes) |
| Asin | : | B008TT4MGM |
| Format Type | : | |
| Number of Pages | : | 532 Pages |
| Publish Date | : | 2017-03-03 |
| Language | : | English |
DESCRIPTION:
Great book for managers AND investors Value is one of the best books I've read that cuts to the core of how businesses should operate. It focuses the reader on the four ways that value is created and guides us through both business and market implications for companies who create value versus those that focus on the wrong things. Messrs. Koller, Dobbs and Huyett cover a number of topics that any business leader or investor would find useful.The first part of the book identifies the four pillars of value and helps to answer the following questions:1) When is growth or return on invested capital more important? How does each. Brian said Five Stars. In summary, a lot of good insights in a small read. Really worth the time.The Four Cornerstones of Corporate Finance - VALUE by McKinsey & Company was written by three McKinsey consultants, Tom Koller, Richard Dobbs and Bill Huyett and focuses on four factors that drive the value of a company: * The Core of Value: growth, return on capital and the resulting cash flows. * The Conservation of Value: the desire for high cash flows over accounting gimmicks that simply rearrange existing cash flows. * The Expectations Treadmill: how market expectations, as reflected in the stock price, can . Excellent business book, better than anything currently on the shelf R. Mutt This book lives at the nexus between a corporate finance textbook and a popular management book. It condenses a lot of information that seems like the stuff you'd learn in the first year of business school, but yet is very instructional for anyone just learning organizational capitalism and all that it entails. I imagine this would be an excellent refresher for highly motivated executives as well, although I'm not sure there are many of those around.I took the advice of another reader who recommended pairing this with the McKinsey Valuation Workbook, but I had to do a lot of side resea
An accessible guide to the essential issues of corporate finance.While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out. Value explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art. This book: Discusses the four foundational principles of corporate finance Effectively applies the theory of value creation to our economy Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions A perfect companion to the Fifth Edition