Overview

For undergraduate and MBA students Valuation: The Art and Science of Corporate Investment Decisions provides an up-to-date, integrated treatment of the valuation of investment opportunities. Taking both industry practice and recent advances in valuation methods into consideration, this text introduces students to a broad spectrum of valuation approaches and equips them to make wise investment decisions. The 3rd Edition exposes readers to the latest valuation tools being used in the industry. Practical examples are offered throughout the text to help students understand core principles in the context of realistic situations. Using the accompanying spreadsheets and simulation tools, students will be able to glean information from a variety of sources, construct models that utilise this information, and then summarise their analysis in a meaningful way. 

Full Product Details

Author:   Sheridan Titman ,  John Martin
Publisher:   Pearson Education (US)
Imprint:   Pearson
Edition:   3rd edition
Dimensions:   Width: 21.00cm , Height: 2.30cm , Length: 26.00cm
Weight:   1.231kg
ISBN:  

9780133479522

ISBN 10:   0133479528
Pages:   560
Publication Date:   13 January 2015
Audience:   College/higher education ,  Tertiary & Higher Education
Replaced By:   9781292022321
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Preface Acknowledgments 1. Overview of Valuation PART I: PROJECT ANALYSIS USING DISCOUNTED CASH FLOW (DCF) 2. Forecasting and Valuing Cash Flows 3.Project Risk Analysis PART II: COST OF CAPITAL 4. Estimating a Firm's Cost of Capital 5. Estimating Required Rates of Return for Projects PART III: FINANCIAL STATEMENTS AND VALUATION 6. Forecasting Financial Performance 7. Earnings Dilution, Incentive Compensation, and Project Selection PART IV: ENTERPRISE VALUATION 8. Relative Valuation Using Market Comparables 9. Enterprise Valuation 10. Valuation in a Private Equity Setting PART V : FUTURES, OPTIONS, AND THE VALUATION OF REAL INVESTMENTS 11. Using Futures and Options to Value Real Investments 12. Managerial Flexibility and Project Valuation: Real Options 13. Strategic Options: Evaluating Strategic Opportunities Epilogue Index

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Author Information

Sheridan Titman holds the McAllister Centennial Chair in Financial Services at the University of Texas. He has a B.S. from the University of Colorado and an M.S. and Ph.D. from Carnegie Mellon University. Prior to joining the faculty at the University of Texas, Professor Titman was a Professor at UCLA, the Hong Kong University of Science and Technology, and Boston College and spent the 1988-89 academic year in Washington, D.C., as the special assistant to the Assistant Secretary of the Treasury for Economic Policy. In addition, he has consulted for a variety of financial institutions and corporations. John Martin holds the Carr P. Collins Chair in Finance in the Hankamer School of Business at Baylor University, where he teaches in the Baylor EMBA programs. Over his career, he has published more than 50 articles in the leading finance journals and served in a number of editorial positions, including the co-editorship of the FMA Survey and Synthesis Series for the Oxford University Press. In addition, he has coauthored the following books: Financial Management, 12th edition (Prentice Hall Publishing Company); Foundations of Finance, 8th edition (Prentice Hall Publishing Company); Financial Analysis (McGraw-Hill Publishing Company); The Theory of Finance (Dryden Press); and Value Based Management (Harvard Business School Press/Oxford University Press). 

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