Get a distinctly European take on corporate finance
The newly revised Sixth Edition of Corporate Finance: Theory and Practice delivers a uniquely European perspective on the foundations and latest trends in corporate finance, including the marked shifts brought about by sustainability, environmental, and social concerns.
Containing updated statistics and graphs, the book covers the latest innovations in financial practice, like the rise of private equity investment, the continuous decline in listed companies, and the dramatic surge of sustainability-linked financing products. Readers get access to an accompanying website that offers regularly updated statistics, graphs, and charts, direct email access to the authors, quizzes, case studies, articles, and more.
The book also includes:
* A balanced blend of theory and practice from an author team with a presence in academia and business
* Access to The Vernimmen.com Newsletter, which provides monthly updates on corporate finance to over 60,000 subscribers
* Ideal for students studying corporate finance as part of an MBA or a master's level programme in Finance, Corporate Finance: Theory and Practice is also required reading for practicing professionals in the UK and continental Europe seeking a distinctly European treatment of a critically important subject.
Auflage
Sprache
Verlagsort
Zielgruppe
Maße
Höhe: 235 mm
Breite: 187 mm
Dicke: 43 mm
Gewicht
ISBN-13
978-1-119-84162-3 (9781119841623)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Autor*in
HEC, France
Schroder Salomon Smith Barney, France
Preface
About the Authors
Frequently used symbols
1 Towards a green, responsible and sustainable corporate finance
Section I Financial analysis
Part One Fundamental concepts in financial analysis
2 Cash flow
3 Earnings
4 Capital employed and invested capital
5 Walking through from earnings to cash flow
6 Getting to grips with consolidated accounts
7 How to cope with the most complex points in financial accounts
Part Two Financial analysis and forecasting
8 How to perform a financial analysis
9 Margin analysis: structure
10 Margin analysis: risks
11 Working capital and capital expenditures
12 Financing
13 Return on capital employed and return on equity
14 Conclusion of financial analysis
Section II Investors and markets
Part One Investment decision rules
15 The financial markets
16 The time value of money and net present value
17 The internal rate of return
Part Two The risk of securities and the required rate of return
18 Risk and return
19 The required rate of return
Part Three Financial securities
20 Bonds
21 Other debt products
22 Shares
23 Options
24 Hybrid securities
25 Selling securities
Section III Value
26 Value and corporate finance
27 Measuring value creation
28 Investment criteria
29 The cost of capital
30 Risk and investment analysis
31 Valuation techniques
Section IV Corporate financial policies
Part One Capital structure policies
32 Capital structure and the theory of perfect capital markets
33 Capital structure, taxes and organisation theories
34 Debt, equity and options theory
35 Working out details: the design of the capital structure
Part Two Equity capital
36 Returning cash to shareholders
37 Distribution in practice: dividends and share buy-backs
38 Share issues
Part Three Debt capital
39 Implementing a debt policy
Section V Financial management
Part One Corporate governance and financial engineering
40 Setting up a company and financing start-ups
41 Shareholders
42 Choosing a corporate structure
43 Corporate governance
44 Initial public offerings (IPOs)
45 Taking control of a company
46 Mergers and demergers
47 Leveraged buyouts (LBOs)
Part Two Managing working capital, cash flows, financial risks and real estate
48 Bankruptcy and restructuring
49 Managing working capital
50 Cash management
51 Managing financial risks
52 Managing operational real estate
Epilogue: Finance and strategy
Top 20 largest listed companies
Detailed table of contents
Index
