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Produktbild: Financial Times Handbook of Corporate Finance, The
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Financial Times Handbook of Corporate Finance, The

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Beschreibung

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

23.09.2024

Verlag

Pearson Education Limited

Seitenzahl

816

Maße (L/B/H)

24/17/4,4 cm

Gewicht

1166 g

Auflage

2

Sprache

Englisch

ISBN

978-0-273-72656-2

Beschreibung

Produktdetails

Einband

Taschenbuch

Erscheinungsdatum

23.09.2024

Verlag

Pearson Education Limited

Seitenzahl

816

Maße (L/B/H)

24/17/4,4 cm

Gewicht

1166 g

Auflage

2

Sprache

Englisch

ISBN

978-0-273-72656-2

Herstelleradresse


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  • Produktbild: Financial Times Handbook of Corporate Finance, The

  • Table of Contents

    CONTENTS

    Introduction

    ·         Some of the financial issues covered

    ·         The scope of corporate finance

     

    Chapter 1. What is the firm’s objective?

    • A common purpose
    • The assumed objective of finance
    • Why should we aim for shareholder wealth?
    • What is shareholder wealth?
    • Profit maximisation is not the same as shareholder wealth maximisation
    • Getting manager’s objectives aligned with shareholder’s objectives
    • What happens if control over directors is weak?
    • Conclusion

     

     

    PART 1 – IINVESTING IN PROJECTS? 

     

    Chapter 2. State-of-the-art project assessment techniques

    • How do you know whether an investment generates value for shareholders?
    • State-of-the-art technique 1: net present value
    • State-of-the-art technique 2: internal rate of return
    • Choosing between NPV and IRR
    • Appendix 2.1 Mathematical tools for finance

     

    Chapter 3. Traditional appraisal techniques 

    • What appraisal techniques businesses actually use
    • Payback
    • Accounting rate of return
    • Internal rate of return: reason for continued popularity

     

    Chapter 4. Investment decision-making in companies 

    • The managerial art of investment selection
    • More tricky issues in real world project appraisal
    • The stages of investment decision making

     

    Chapter 5. Allowing for risk in project appraisal 

    • What is risk?
    • Adjusting for risk through the discount rate
    • Sensitivity analysis
    • Scenario analysis
    • Probability analysis
    • Problems with using probability analysis
    • Evidence of risk analysis in practice

     

    PART 2 SHAREHOLDER VALUE 

    Chapter 6. Value managed companies versus earnings managed companies

    • The pervasiveness of the value approach
    • Case studies: FT100 companies creating value and destroying value
    • Why shareholder value?
    • Three steps to value
    • Earnings-based management’s failings
    • ROCE has failings
    • Focusing on earnings is not the same as value
    • How a business creates value
    • The five actions to create value

     

    Chapter 7. Value through strategy

    • Value principles touch every corner of the business
    • Strategic business unit management
    • The firm’s objective
    • Strategic assessment
    • Strategic choice
    • Strategy implementation
    • What use is the head office?
    • Targets and motivation

     

    Chapter 8. Value creation within strategic business units

    ·         Using cash flow to measure value

    ·         Shareholder value analysis

    ·         Economic profit

    ·         Economic value added (EVA)

    ·         Cash flow return on investment

     

    Chapter 9. Entire firm value measurement 

    • Total shareholder return
    • Wealth added index
    • Market added value
    • Market to book ratio

     

    Chapter 10. What is the company’s cost of capital?

    • A word of warning
    • The required rate of return
    • Two sides of the same coin
    • The weighted average cost of capital
    • The cost of equity capital
    • The cost of retained earnings
    • Debt capital
    • The cost of preference share capital
    • Hybrid secu