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Handbook of Corporate finance

Original price was: 37 €.Current price is: 3 €.

To bring the book alive for readers, and to show the mutual reinforcement of practical management and finance theory, there are numerous examples of major UK companies employing the concepts and techniques discussed in each chapter. Much of the ‘real-world’ material is drawn from articles in the Financial Times. A typical case is shown in Exhibit I.1 which is used here to highlight the scope of the subject of corporate finance.

Description

Some of the financial issues covered are:

■ Value-based management is increasingly spoken of, but little understood. This book provides a thorough grounding.

■ Mergers and the problem of merger failure (i.e. acquiring shareholders losing out) is discussed along with remedies.

■ The proper use of derivatives as tools helping the business control risk, rather than increasing it, is explained in easy-to-follow and practically-oriented fashion.

■ Modern investment appraisal techniques are contrasted with the traditional rules of thumb employed by many companies.

■ There is an overview of modern financial markets and instruments with insight into the benefits brought by effective exploitation of the markets and perils of ignoring the demands of the finance providers.

Managers climbing the corporate ladder find the further they go the more they need to understand the concepts and jargon of finance, both for internal decision making and external interaction with investors, bankers and the City. It is normally the case that managers have not received any formal training in finance. Furthermore, they are not in a position to take time out from the business to dedicate themselves to study. So what they need is a guide that will allow them to absorb and apply the essential tools of finance while they continue with their executive responsibilities. This book is that guide.