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. 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 of Valuation, this book will put the various issues associated with corporate finance in perspective.
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价值:公司金融的四大基石
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in other words, applying the principles of value creation requires independence and courage
未达到短期每股收益目标本身并不会导致股价下跌。但是,许多情况下,投资者只能用短期数据来估测公司长期绩效。在这种情况下,他们会把最近的每股收益表现看做长期绩效下滑或管理层失去市场信任的象征,这样未达到目标就会降低公司的股价
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