Entrepreneurial Finance
2nd Edition
Published on 10. October 2003
Book
Hardback
640 pages
978-0-471-23072-4 (ISBN)
Description
Smith and Smith apply current thinking in the areas of valuation, real options, and the economics of contracts to new venture decision making. Readers learn to think of new ventures as portfolios of real options, value financial claims of the entrepreneur and venture capital investors, and structure financial contracts in light of new venture information problems. They also learn to use simulation and scenario analysis to evaluate the implications of uncertainty and financial decisions.
* Stresses the importance of strategy in new venture planning.
* Develops real-world context through relevant examples.
* Spreadsheet modeling and simulation using custom software provides hands-on learning.
* Stresses the importance of strategy in new venture planning.
* Develops real-world context through relevant examples.
* Spreadsheet modeling and simulation using custom software provides hands-on learning.
More details
Edition
2., Auflage
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Edition type
Revised edition
Illustrations
col. Illustrations
Dimensions
Height: 24 cm
Width: 19.3 cm
Thickness: 30 mm
Weight
1134 gr
ISBN-13
978-0-471-23072-4 (9780471230724)
Schweitzer Classification
Other editions
New editions
MELICHER | Leach
Entrepreneurial Finance
Book
04/2005
2nd Edition
South-Western
€93.16
Article is exhausted; no reprint
Previous edition
Book
11/2003
2nd Edition
Wiley
€47.90
Article exhausted; check for reprint
Persons
Richard Smith is Professor of Financial Management at the Peter F. Ducker Graduate School of Management, Claremont Graduate University, where he teaches courses on new venture finance, and strategic risk management. He also is Director of the Venture Finance Institute at Claremont. Professor Smith has served on several boards that are responsible for investing on behalf of pension funds and university endorsements, and has consulted extensively for venture capitalists, business angels, entrepreneurs, and government, on matters involving investment, valuation, financial contracting, securities litigation, and antitrust.
Janet Kiholm Smith is the Von Tobel Professor of Economics at Claremont McKenna College, where she teaches course on the economics of strategy and industrial organization. She currently serves on the College's investment committee and consults on matters related to working capital management, the economics of contracts, and antitrust. She is the author of numerous journal articles, including publications in Journal of Legal Studies, Journal of Finance, Journal of Corporate Finance, Journal of Financial and Quantitative Analysis, Journal of Law and Economics, and Journal of Law, Economics and Organization.
Janet Kiholm Smith is the Von Tobel Professor of Economics at Claremont McKenna College, where she teaches course on the economics of strategy and industrial organization. She currently serves on the College's investment committee and consults on matters related to working capital management, the economics of contracts, and antitrust. She is the author of numerous journal articles, including publications in Journal of Legal Studies, Journal of Finance, Journal of Corporate Finance, Journal of Financial and Quantitative Analysis, Journal of Law and Economics, and Journal of Law, Economics and Organization.
Content
PART 1. GETTING STARTED.
Chapter 1. Introduction.
Chapter 2. An Overview of New Venture Financing.
PART 2. FINANCIAL ASPECTS OF STRATEGIC AND BUSINESS PLANNING.
Chapter 3. The Business Plan.
Chapter 4. New Venture Strategy.
Chapter 5. Developing Business Strategy Using Simulation.
PART 3. FINANCIAL FORECASTING.
Chapter 6. Methods of Financial Forecasting.
Chapter 7. Assessing Financial Needs.
PART 4. VALAUATION.
Chapter 8. The Framework of New Venture Valuation.
Chapter 9. Valuation in Practice: The Investor's Perspective.
Chapter 10. Valuation: The Entrepreneur's Perspective.
PART 5. ORGANIZATIONAL DESIGN AND FINANCIAL CONTRACTING.
Chapter 11. Financial Contracting with Symmetric Information.
Chapter 12. Dealing with Information and Inventive Problems.
Chapter 13. Financial Contracting.
PART 6. FINANCING AND HARVESTING CHOICES.
Chapter 14. Venture Capital.
Chapter 15. Choice of Financing.
Chapter 16. Harvesting.
PART 7. CONCLUSION.
Chapter 17. The Future of Entrepreneurial Finance: A Global Perspective.
Index.
Chapter 1. Introduction.
Chapter 2. An Overview of New Venture Financing.
PART 2. FINANCIAL ASPECTS OF STRATEGIC AND BUSINESS PLANNING.
Chapter 3. The Business Plan.
Chapter 4. New Venture Strategy.
Chapter 5. Developing Business Strategy Using Simulation.
PART 3. FINANCIAL FORECASTING.
Chapter 6. Methods of Financial Forecasting.
Chapter 7. Assessing Financial Needs.
PART 4. VALAUATION.
Chapter 8. The Framework of New Venture Valuation.
Chapter 9. Valuation in Practice: The Investor's Perspective.
Chapter 10. Valuation: The Entrepreneur's Perspective.
PART 5. ORGANIZATIONAL DESIGN AND FINANCIAL CONTRACTING.
Chapter 11. Financial Contracting with Symmetric Information.
Chapter 12. Dealing with Information and Inventive Problems.
Chapter 13. Financial Contracting.
PART 6. FINANCING AND HARVESTING CHOICES.
Chapter 14. Venture Capital.
Chapter 15. Choice of Financing.
Chapter 16. Harvesting.
PART 7. CONCLUSION.
Chapter 17. The Future of Entrepreneurial Finance: A Global Perspective.
Index.