Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

Financial Dynamics: A System for Valuing Technology Companies (Wiley Finance) 1st Edition

4.5 out of 5 stars 4 customer reviews
ISBN-13: 978-0470821114
ISBN-10: 0470821116
Why is ISBN important?
ISBN
This bar-code number lets you verify that you're getting exactly the right version or edition of a book. The 13-digit and 10-digit formats both work.
Scan an ISBN with your phone
Use the Amazon App to scan ISBNs and compare prices.
Trade in your item
Get a $2.00
Gift Card.
Have one to sell? Sell on Amazon
Buy used
$45.40
In Stock. Sold by mrbookaplusbooks
Condition: Used: Like New
Comment: INCLUDES unopened, unused CD-ROM! Book and dust jacket are in nearly new condition. NO marks, NO notes, NO highlighting. 2003. Author, title, publisher, picture on cover, and ISBN#, as above.
Access codes and supplements are not guaranteed with used items.
12 Used from $38.00
+ $3.99 shipping
More Buying Choices
8 New from $75.13 12 Used from $38.00
Free Two-Day Shipping for College Students with Prime Student Free%20Two-Day%20Shipping%20for%20College%20Students%20with%20Amazon%20Student


Security
ITPro.TV Video Training
Take advantage of IT courses online anywhere, anytime with ITPro.TV. Learn more.
click to open popover

Editorial Reviews

From the Inside Flap

Decision-making in technology companies has grown exceedingly complex, risky and ad hoc. Finding the value of a managerial decision - be it the adoption of a new technology, the launch of a new product, a strategic alliance, branding, additional R&D expenditures or new factories - has never been as important, nor as challenging, as it is today. Behind every successful decision lies an intricate assortment of competencies, presumptions and objectives, all strongly influenced by the company's history and its ability to mould the future through strategy and technology choice.

Financial Dynamics responds to the challenge by laying out the structure, components and application of the Financial Dynamics system of valuation. It provides managers, investors and other stakeholders with an accurate, comprehensive tool, which answers the question, "what is the value of a technology product, project or firm?" The Financial Dynamics model will find widespread application to valuation as well as give the analyst an invaluable tool for finding the worth of a business whose core competencies are knowledge-intensive.

From the Back Cover

Chris Westland’s book on valuation takes us on a journey through economics, accounting, finance, physics and the liberal arts. It will shake the accounting, auditing and investment communities to the core – for good reason. A must read for anyone involved in analyzing, auditing, or investing in technology companies, or for that matter, stocks in general. – Andrew Leeming, author of The Super Analysis

Financial Dynamics examines the challenges of applying traditional accounting and valuation methodologies to analyze the economic performance of today’s knowledge economy-based businesses. An interesting and informative read that breaks away from the traditional ways of looking at the performance of corporations. – Chris Ip, Principal, McKinsey and Company, Leader of Greater China Business Technology Office.

In this ambitious and original text, the polymathic Westland – a scientist and consultant – cruises in with observations on Moore’s and Metcalfe’s laws, nanotechnology and optics, biotech and materials science. He attempts to formalize in crisp mathematics some of the “laws” of the microcosm and telecosm. And he explores the many methods of pinning the butterflies of innovation in algorithms of valuation. A fascinating read that does not pretend there are any simple answers or panaceas. – George Gilder, author of Telecosm

The assets of the modern company cannot be boxed into the accounting categories of trick and mortar businesses, but are derived from the knowledge these companies have accumulated… In Financial Dynamics, Westland not only takes us on a lively tour of the difficulties in assessing the value of the 21st century company, but also offers a monumental and much needed attempt to reengineer valuation. – Albert-Laszlo Barabasi, author of Linked and Emil T. Hoffman, Professor of Physics, University of Notre Dame

Financial Dynamics is a thought-provoking synthesis of history, technology, accounting and finance. This book provides insights into the value of human capital in general, and technology, in particular.  – Aswath Damodaron, Professor of Finance, New York University’s Leonard N. Stein School of Business, author of Damodaron on Valuation and Investment Valuation

NO_CONTENT_IN_FEATURE

New York Times best sellers
Browse the New York Times best sellers in popular categories like Fiction, Nonfiction, Picture Books and more. See more

Product Details

  • Series: Wiley Finance (Book 259)
  • Hardcover: 300 pages
  • Publisher: Wiley; 1 edition (September 25, 2003)
  • Language: English
  • ISBN-10: 0470821116
  • ISBN-13: 978-0470821114
  • Product Dimensions: 4.8 x 1.1 x 10.4 inches
  • Shipping Weight: 1.6 pounds
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #3,816,327 in Books (See Top 100 in Books)

Customer Reviews

5 star
75%
4 star
0%
3 star
25%
2 star
0%
1 star
0%
See all 4 customer reviews
Share your thoughts with other customers

Top Customer Reviews

Format: Hardcover
I've had this book for about two weeks, and am halfway through reading it. The text is a mix of storytelling and methodology which makes enjoyable reading. I have been using the software to compute tech stock prices. I am really amazed at how useful the software is. The valuations generated by the software are presented both as graphs of future cash flows with confidence limits that describe how risky they are (the author calls these value cones) and as present values. The software predictions are a big improvement over existing cash flow analysis. I've already made some modest profits applying them to online trades. I'd highly recommend this book to anyone interested in understanding technology stocks. The software alone is worth the price of the book.
Comment One person found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
Dr. Westland provides a well argued case for replacing existing corporate valuation methods with the Financial Dynamics system described in his book.
Comment One person found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
A marvelous review of the problems of current financial valuation methods, and Westland's solution to their shortcomings.
Comment One person found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
I read this book halfway through. The subject is very interesting and makes totally sense. But since English is not my first language, the reading is quite tough.
The book provides a lot of background information regarding accounting, which our accounting professor didn't bother to talk about. For example how the guilds were organized in the dark ages in Europe (and still are organised in Germany of today).
You should have some background in process automation and cybernetics or accounting.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse