In the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Due to the fast-paced nature of this world, however, no one has been able to take the time to properly codify the lifeblood of the corporate financier's work--namely, valuation. Rosenbaum and Pearl have responded to this need by writing the book that they wish had existed...
In the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Due to the fast-paced nature of this world, however, no one has been able to take the time to properly codify the lifeblood of the corporate financier's work--namely, valuation. Rosenbaum and Pearl have responded to this need by writing the book that they wish had existed when they were trying to break into Wall Street. "Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions" is a highly accessible and authoritative book that focuses on the primary valuation methodologies currently used on Wall Street--comparable companies, precedent transactions, DCF, and LBO analysis. These methodologies are used to determine valuation for public and private companies within the context of MandA transactions, LBOs, IPOs, restructurings, and investment decisions. Using a step-by-step how-to approach for each methodology, the authors build a chronological knowledge base and define key terms, financial concepts, and processes throughout the book. They also provide a comprehensive overview of the fundamentals of LBOs and an organized MandA sale process. In the aftermath of the subprime mortgage crisis and ensuing credit crunch, the world of finance is returning to the fundamentals of valuation and critical due diligence. This involves the use of more realistic assumptions governing approach to risk as well as a wide range of value drivers. While valuation has always involved a great deal of "art" in addition to time-tested "science," the artistry is perpetually evolving in accordance with market developments and conditions. In this sense, this book is particularly topical--in addition to detailing the technical fundamentals behind valuation, the authors infuse practical judgment skills and perspective to help guide the science.
作者简介
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乔舒亚罗森鲍姆是瑞银投资银行（UBS Investment Bank）全球工业组（Global Industrial Group）的一名执行董事。他负责兼并与收购、企业融资和资本市场有关交易的发起、架构和咨询工作。此前，他曾就职于世界银行的直接投资部门——国际金融公司（International Finance Corporation）。他拥有哈佛的文学学士学位，并以贝克学者身份获得哈佛商学院（Harvard Business School）的MBA学位。
乔舒亚珀尔为德意志银行（Deutsche Bank）的杠杆融资部（Leveraged Finance Group）设计并实施了大量的杠杆贷款和高收益率债券融资项目，以及LBO和公司重组项目。此前，他曾就职于爱德华公司（A. G. Edwards）的投资银行部。珀尔还设计、执教过企业融资培训课程。他...
乔舒亚罗森鲍姆是瑞银投资银行（UBS Investment Bank）全球工业组（Global Industrial Group）的一名执行董事。他负责兼并与收购、企业融资和资本市场有关交易的发起、架构和咨询工作。此前，他曾就职于世界银行的直接投资部门——国际金融公司（International Finance Corporation）。他拥有哈佛的文学学士学位，并以贝克学者身份获得哈佛商学院（Harvard Business School）的MBA学位。
乔舒亚珀尔为德意志银行（Deutsche Bank）的杠杆融资部（Leveraged Finance Group）设计并实施了大量的杠杆贷款和高收益率债券融资项目，以及LBO和公司重组项目。此前，他曾就职于爱德华公司（A. G. Edwards）的投资银行部。珀尔还设计、执教过企业融资培训课程。他拥有印第安纳大学（Indiana University）凯利商学院（Kelley School of Business）的理学学士学位。
原文摘录
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In the aftermath of the subprime crisis and ensuing credit crunch,the world of finance is returning to the fundamentals of valuation and critical due diligence for M&A,Capital markets, and investment oppertunities. (查看原文)
Unlike most introductory financial management textbooks are focusing on basic concepts and calculation, the book brings its audience to the world of investment banks by employing step-by-step examples. It is really a wonderful book that make you better unde...
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elephant
傻白甜 🎀
中信出版社2015版
Junjun
0 有用 丹尼男孩 2011-10-27 09:42:56
绝对好书，由瑞士银行和德意志银行的两个银行家写的。
0 有用 那些云彩 2018-12-09 20:56:16
基于多年行业经验，比较全面的框架分析
0 有用 贝塔 2018-04-29 13:33:05
IB 101
0 有用 户回 2019-04-03 03:18:27
valution讲的很清楚，ib面试读了这本记牢就够了
0 有用 提香和琴 2013-05-02 16:32:45
正在读的I Banking课本，没读完，不评价 =================== 明早考ENRG I-Banking，半夜一边和师傅qq一边风卷残云了书，尼玛太爽了！这是我见过的解释LBO和M&A最最最最最最最清楚的书，一举解决了我关于strategic buyer和financial sponsor的各种困惑。 和M&A有关的部分：CH2 precedent transaction；CH6... 正在读的I Banking课本，没读完，不评价 =================== 明早考ENRG I-Banking，半夜一边和师傅qq一边风卷残云了书，尼玛太爽了！这是我见过的解释LBO和M&A最最最最最最最清楚的书，一举解决了我关于strategic buyer和financial sponsor的各种困惑。 和M&A有关的部分：CH2 precedent transaction；CH6 merger and acquisition 和LBO有关的部分：CH4,CH5 概念解释极为清楚，对投行的运作流程阐述很简洁，又有为模型准备的习题 最重要的是：全书内容只要看目录就可以一目了然！！目录太牛逼了有木有！前三章，估值方法，内容按照流程时间顺序；后三章并购，逻辑顺序，大赞！ (展开)
0 有用 dfbn 2023-10-20 11:03:41 美国
A very good book
0 有用 sailingday 2023-04-26 14:43:53 中国香港
同er 早年读过确实有点用的书
0 有用 momo 2020-08-31 14:50:35
Practical guide for new bees who wanna dive into the industry
0 有用 己注销 2020-06-14 22:37:28
I would say 这本书是“操作指南” Jun 24th更新: 这本书比400问更系统，准备IB面试有时间这本书真的highly recommend
0 有用 SyuWailim 2020-03-08 07:18:06
Love it