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The Corporate Life Cycle: Business Investment and Management Implications

byAswath Damodaran

Aswath Damodaran organizes corporate finance and valuation around the stages of a company's life, from startup and rapid growth through maturity and possible decline. He explains why financing, investment, dividend, governance, and risk-management choices should change as businesses evolve. The framework helps readers distinguish problems caused by a company's age from those caused by poor management or strategy. Using examples across industries, Damodaran connects narrative and numbers, showing investors and executives how life-cycle expectations shape value and which interventions are realistic at each stage.

Publisher

Portfolio

Publication date

2024-08-20

Format

Print edition

Pages

576

ISBN

9780593545065