Title: Financial Theory and Corporate Policy / Edition 4
Author: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
ISBN-10: 0321127218
ISBN-13: 9780321127211
Two major market crashes, numerous financial and accountingscandals, growth in private equity and hedge funds, Sarbanes-Oxleyand related regulations, and international developments havechanged security analysis and business valuation substantially overthe past fourteen years. These events necessitated a second editionof this modern classic, praised earlier by Barron’s as a”welcome successor to Graham and Dodd” and regarded by certifiedfinancial analysts (CFAs) as one of the most insightful valuationguides available. The Second Edition of Security Analysis and BusinessValuation on Wall Street examines how mutual funds, privateequity funds, hedge funds, institutional money managers, investmentbanks, business appraisers, and corporate acquirers perform theircraft of security analysis and business valuation in today’s highlycharged economic environment. Completely updated to reflect the latest methodologies—andfeaturing a companion Website (www.wiley.com/go/hooke) containingvaluation spreadsheets—this reliable resource represents themost comprehensive look at this discipline by someone who hasactually worked as an investment banker, a private equityexecutive, and an international institutional investor. Filled with in-depth insights and expert advice, this timelyguide: Shows the methodical process that practitioners use to valuecommon stocks and operating companies and to make buy/selldecisions Addresses how the Internet and computing power automate portionsof the research and analytical effort Includes new case study examples representative of valuationissues faced daily by professionals in this field Discusses the impact of the two stock market crashes, theaccounting and financial scandals, and new regulations on theevaluation process Is a perfect tool for professors wishing to show their MBAstudents the essential tools of equity and business valuation Security analysis and business valuation are core financialdisciplines for those on Wall Street as well as corporateacquirers, business appraisers, and international investors. TheSecond Edition of Security Analysis and BusinessValuation on Wall Street is an important book for anyone whoneeds a solid grounding in these critical financial topics.
