Publisher's Synopsis
A comprehensive guide to firm evaluation
This book provides a strong primer on traditional valuation methodologies, alongside new corporate finance techniques and instruments, while remaining firmly grounded in finance theory. It also considers important legal institutions which impact valuation, such as takeover codes and disclosure regulations. It employs a transaction–oriented approach with international case studies spanning the U.S., Europe, and Asia in diverse industries. The author extends the analysis of firm valuation from the mainstream framework of corporate management and traditional investment constituencies to encompass the strategies of new capital market participants such as private equity firms, hedge funds, and sovereign wealth funds. He also examines the creation of new financing tools and structures which have empowered both traditional and alternative investors, and how these are deployed in increasingly global corporate finance markets.
