Damodaran on Valuation: Security Analysis for Investment and Corporate Finance Hardcover - 2006

Damodaran on Valuation, Second Edition provides you with today's most straightforward and comprehensive examination of the approaches and models necessary for performing valuations. Written by renowned teacher, author, and valuation authority Aswath Damodaran, and fully revised and updated from its top-selling first edition--which has become the essential reference for any professional needing accurate and reliable valuation information--this invaluable book now provides you with:

• In-depth coverage of different distinct valuation approaches and key models within each
• Techniques for accurately assessing the effect on value of employee stock options and other equity-based compensation
• Methodologies for using valuation models to value intangible assets--patents, copyrights, trademarks, licenses, brand names, and more
• Sound strategies for identifying and measuring the value of control in any business and why the expected value of control plays a role in many different valuation contexts
• Discussion of how liquidity--or, more accurately, illiquidity--affects value, along with ways to measure this impact on value
• Potential sources of the ever-elusive "synergy" when combining two entities, how best to value each type of synergy, and an examination of why firms so often overpay for synergy
• Techniques for measuring the costs of accounting opacity and business complexity, and accurately discounting the value of complex firms to promote transparency at every level
• A commonsense framework you can use to sift through numerous possible valuation models to determine the best model for your valuation task

For more than a decade, Damodaran on Valuation has been the standard valuation reference for professionals in virtually everyfield. Business realities have changed dramatically over that time, but the principles underlying valuation have not. Let this comprehensively revised and updated edition give you the knowledge and tools you need to address today's increasingly complex--and uncompromising--corporate and investment valuation environment.