Asset-value

Book reviews for "Asset-value" sorted by average review score:

Implementing Value at Risk

Published in Hardcover by John Wiley & Sons (January, 1999)

Author: P. Best

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AN AVERAGE VAR BOOK

This book well explains what is Value At Risk and the concept of risk management in banks. Business concepts are complete. The author gives a lot of weight in risk control.

However, he lacks to give detailed examples on how to calculate VAR, the mathematics/statistics behind. Spreadsheets are nice but not complete from the beginning to the end. Important statistical methods are described without enough detail leaving the concepts out the book's scope.

Very Useful Book on Implementing VAR

This is a good book for a financial engineer's library. I found the spreadsheet examples particularly useful.

Value Driven Intellectual Capital: How to Convert Intangible Corporate Assets Into Market Value

Published in Hardcover by John Wiley & Sons (03 March, 2000)

Author: Patrick H. Sullivan

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Non-Quantitiative & of Limited Value

For individuals actually interested in quantitative measurements of intellectual property value, this book is largely a waste of time. The text is full of a lot of business school "value creation" idealism and has little practical value in my opinion. Indeed, for those really interested in valuing intellectual property and intangible assets, see the associated book by Gordon V. Smith and Russell L. Parr. This text has everything you are looking for and this book is unnecessary.

Value Driven Intellectual Capital: How to Convert Intangible

In this book, Dr. Sullivan provides valuable insight to not only identify intangible assets, but to levegage them for cash or strategic position. I have found that many theorists whose books pertaining to IP and IC offer little more than vague principles written with an exclusionary tone. This book begins with the basics, then quickly moves through detailed strategies for valuation, portfolio management and commercialization. Of particular interest to me was the chapter on human capital, focusing on employees whose ideas directly generate income for a company. This book is a must-read, and I will recommend it to my professional associates, as well as users of the Ventius on-line community for IP professionals.

Outstanding and thought provoking

I found this book to be extremely valuable in thinking about intangible assets in a new light. The use of charts and diagrams was especially helpful for me to grasp the value extraction concepts. This book will be valuable for anyone trying to realize value from the intellectual capital within their organization.

Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Wiley Frontiers in Finance)

Published in Paperback by John Wiley & Sons (March, 1996)

Author: Aswath Damodaran

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Garbage In, Garbage Out

Good work, if only it was reliable... In a discipline where accuracy is so important, I am amazed it has been selling so well for so long. The book has plenty of formulae mistakes that make its reading and comprehension really difficult and painfully time-consuming as you need to go through correcting all those errors and read the chapters again and again. Still, even after such an arduous work, you end up not being 100% sure that what you have learnt is correct. Wiley should long ago have retired this edition from circulation and then market a new, thoroughly corrected one. Of course, those (many) unlucky readers who have bought this terrible (paperback) edition should receive a new one for free as soon as it is available. I feel I have been cheated!

Given one choice, this is the valuation book to have.

Having an MBA and having worked in an investment bank, this is the best all around valuation book I've read. The most significant feature of this book is how the ideas are presented. The reader gathers new insights, and is exposed to the nuances of valuation technologies, which usually confuse even the practitioners. His website also contains several discussion points that supplement the well presented text. If you have to choose only one valuation book, this is it. This book rates highly not only because of the excellent coverage but more importantly how the examples and the ideas have been brilliantly crafted into a great learning experience. A great teacher surely shines in how he impart even the mundane ideas of basic valuation. Buy this book for the way he teaches, not only for the topics he discusses.

The best general guide on valuation available

An outstanding book from the high-priest of valuation. Covers all major techniques and applications. However, not all that suitable for beginners or as an introductory text since some of the (slightly advanced) material is presented in a fairly condensed manner. Readers with a little experience in the area or students who have taken at least one finance course and understand the fundamentals of financial economics should find this book extremely useful, though. Great as a reference guide, too.

Asset and Liability Management: A Guide to Value Creation and Risk Control

Published in Hardcover by Financial Times Prentice Hall (28 March, 2002)

Authors: J. Dermine, Y. F. Bissada, Yousseff Bissada, and Jean Dermine

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only for students

You shall be interested in the book only if you are just beginning to learn about a bank analysis and management. Be careful!!!

Strictly for beginners

All potential readers be warned: this book is only suitable for very early beginners, people starting from absolute scratch on the topic. It is very clear and concise (I read it in a single afternoon) but you are not going to find in-depth discussion of anything. Also I'd like to make it clear that the book talks about ALM in banks only (no insurance companies, pension funds, endowments etc).

So, if you are very ignorant but curious, this book is for you (possibly buy it used, it's not cheap). If you already know the basics of ALM, my advice is to buy something else.

Value Rx: How to Make the Most of Your Organization's Assets and Relationships

Published in Hardcover by HarperBusiness (01 September, 2001)

Authors: Edward J. Giniat and Barry D. Libert

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In Value Rx, the consulting duo behind the successful Cracking the Value Code delivers strong, smart medicine for health care organizations. Libert and Giniat (the head of the Pharmaceutical, Biomedical, and Health Services practice of Andersen) open with much the same argument presented in Value Code: To compete and thrive in a field marked by rising costs and declining services, everyone from hospitals and HMOs to pharmaceuticals, suppliers, and drugstore chains must not only nurture but rigorously measure every component of their "organisms". That includes finding the optimal balance between tangibles like physical assets and income statements and such vexing intangibles as human assets, customer satisfaction, and the constant generation and free flow of knowledge. To both bean counters and care providers who say such intangibles can't be reconciled with the bottom line or usefully measured, they provide a diverse array of vivid real-life profiles to the contrary. These run the gamut from the medical-device manufacturer that poured its victories from patent-infringement suits into aggressive R&D, to the order of nuns who shrewdly redesigned their sizable network of health care facilities to maximize both services and margins, to the first HMO to let its doctors make referrals without its authorization--and profit from its newfound popularity among doctors.

Other pointed, instructive cases come from huge names like Pfizer, Merck, the Mayo Clinic, and Walgreen's as well as businesses such as the biotech giant Amgen, the Internet medical info leader WebMD, and the large nonprofit HMO Kaiser. Giniat and Libert also provide a four-quadrant asset model that organizations can use to assess their own strengths and weaknesses. And, most astutely, they demonstrate that in this new era, the bottom line and the delivery of quality care are utterly dependent on each other... and that succeeding at both means acknowledging that the business of first-rate health care in the 21st century is, in large part, business. Value Rx is smart, tough, substantial, and progressive--just what the doctor ordered for everyone with a stake in keeping America well. --Timothy Murphy

Average review score:

"Cure" worse than the disease

The authors last told us how the value code had been cracked by companies like eToys, idealab!, and Compaq. Specifically, how these new economy companies had figured out how to create enduring shareholder value by satisfying their customers, employees, suppliers. This was obviously written before their value code hypothesis was invalidated by the market.

Oops.

Now, they're offering similar medicine for the health care sector.

I've read the book, and my advice for all is to be certain and receive a second opinion.

Adapting a 1930's financial reporting model to the 21st century : hearing before the Subcommittee on Securities of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Sixth Congress, second session on how to update our financial accounting models to reflect more accurately the value of corporate assets and liabilities given the current realities of technology and the economy, July 19, 2000 (SuDoc Y 4.B 22/3:S.HRG.106-1038)

Published in Unknown Binding by U.S. G.P.O. (2001)

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