Valuation: Avoiding the Winner's Curse

By Barbara S. Petitt, Kenneth R. Ferris, Barbara Petitt

Book Overview

In Valuation: Avoiding the Winner's Curse , authors Kenneth R. Ferris and Barbara S. Pecherot Petitt will help you master both the science and the art of M&A valuation. Concise, realistic, and easy to... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 013034804X
• ISBN13: 9780130348043
• Release Date: January 2002
• Publisher: FT Press
• Length: 225 Pages
• Weight: 1.25 lbs.
• Dimensions: 0.5" x 6.1" x 9.1"

Customer Reviews

A Good Read!

The evidence is undeniable - most mergers fail and most acquisitions never achieve their promised synergies. Yet firms keep bidding top prices to acquire targets. Economists have a name for this phenomenon: the winner's curse. This theory says that the winner in any auction is apt to be the bidder who has most drastically overestimated the purchase's value. The winner, in this case, turns out to be a real loser. Authors Kenneth...

Insightful!

I took a course offered by Ken Ferris before the book was published, then read the material. It reminded me of a lot of the insights that I gained from the course. Good book for practitioners.