Corporate Finance: A Valuation Approach (Hardcover)

by Simon Benninga (Author), Oded Sarig (Author) "In this section we deal with the effect of time on the value of cash flows..." (more)
Key Phrases: average payable period, inventory days ratio, sequential valuation, Accumulated Retained, Hacker International, Total Liabilities (more...)

Editorial Reviews

Product Description
Designed for courses in corporate finance, this text is a detailed description of the valuation process, providing an integrated, comprehensive method for valuing assets, firms, and securities across a wide variety of industries. The presentation begins with a review of financial and accounting techniques, proceeds with a presentation of the valuation process, leading towards the development of pro-forma financial statements and the translation of these projections into values. A key strength of this text is teaching students how to use pro forma financial statements as a basis for valuation.

Product Details

• Hardcover: 446 pages
• Publisher: McGraw-Hill/Irwin; 1 edition (August 1, 1996)
• Language: English
• ISBN-10: 0070050996
• ISBN-13: 978-0070050990
• Product Dimensions: 9.1 x 7.6 x 0.9 inches
• Shipping Weight: 2 pounds (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars See all reviews (12 customer reviews)
• Amazon.com Sales Rank: #303,639 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

20 of 21 people found the following review helpful:

5.0 out of 5 stars Fantastic book, May 22, 2000

By	Curt Hansen (London) - See all my reviews

This book serves as an excellent introduction to and/or refresher on valuation techniques. The entire valuation process (primarily DCF) is broken down into a series of steps, each of which gets its own complete chapter. Each chapter is well written and builds on its predecessors.

A particular strength of the book is the authors' reference to Excel functions and which ones are useful in valuation models. This book is not just theory; there are concrete "how to" examples throughout. Once you've finished this book, you can do more than cite valuation theory: you can build valuation models.

One of the best finance books I've ever read.

10 of 10 people found the following review helpful:

5.0 out of 5 stars Clear, Succinct, Excellent !, January 13, 1999

By	Eric Brendan Chang (Kingston Ontario Canada) - See all my reviews (REAL NAME)

This is one of the best practical corporate finance books you can find. It serves especially well as a bridge between introductory finance and more advanced topics. The authors did an excellent job at hammering some most important concepts into readers' heads while avoiding too much theoretical complications that hinter understanding. The step-by-step valuation method is especially valuable. The use of the spreadsheet is enormously helpful for students of finance. Highly recommended! I hope Professor Benninga and Professor Sarig can keep producing this kind of hands-on, clear guide to finance. (and maybe a series of books at different difficulty levels)

12 of 13 people found the following review helpful:

5.0 out of 5 stars Comprehensive overview of valuation approaches, May 27, 1999

By A Customer

This book gives an excellent overview of different valuation techniques, is detailed enough yet easy to understand. As such this text is ideal for self-study. It's by far the best book I've seen on the topic and application of valuations and financial modeling.