What books would you recommend on valuation of corporations?
I am looking for input on recommended reading for mergers & acquisitions, corporate valuation, and modeling.
Good Answers (1)
Ashley R.
Manager
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Hi Rob, I own and can recommend the following:
1) M&A:
Arzac -Valuation for mergers buyouts and restructuring -Wiley
Pratt -The market approach to valuing businesses -Wiley
Reed -The art of M&A -Mcgraw Hill
2) Corporate Valuation:
Brealey -Principles of corporate finance -Mcgraw Hill
Mercer -Business valuation -Wiley
Copeland -Valuation -Wiley
Damodaran -Security analysis for investment & corp fin -Wiley
Pratt -Business valuation body of knowledge -Wiley
Reilly -Valuing Intangible Assets -Wiley
3) Modelling:
Hitchner -Financial valuation: applications and models -Wiley
Vause -Guide to modelling companies -Economist
Tennent -Guide to business modelling -Economist
These should provide you a jump-start to other possibly more detailed works you may be interested in. Feel free to contact me directly should you have any questions. Also note there is a fairly good Wiki reference to building Excel models that covers the basics. (Please see link below).
Good luck and warm regards,
Ashley Reynolds CM&AA AVA
Links:
More Answers (4)
The best book I know of is a McKinsey & Co book titled, "Valuation: Measuring and Managing the Value of Companies."
Courtney H.
Experienced Marketing and Product Manager
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Hi Rob,
I would recommend Dr Aswath Damodaran's homepage, linked below. He is a finance professor at NYU and has written three books on valuation. There is a lot of good content on his site to get you started.
Cheers,
Courtney
Links:
Follow-up to answer 1, "Valuation: Measuring and Managing the Value of Companies, Fourth Edition", by Wharton professor Wessels (among others) is considered the leading book at this field.
Links:
Chris D.
Registered Valuator
Best Answers in: Mergers and Acquisitions (2), Venture Capital and Private Equity (1)
In addition to the book suggested by Craig I would suggest Valuing a business by Pratt, Reilly and Schweighs. Suggest to join the International Business Valuation Association too.
