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Corporate Finance : Theory And Practice, 4th ed

Corporate Finance : Theory And Practice, 4th ed


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About the Book

Corporate Finance continues its legacy as one of the most popular financial textbooks, with well-established content from a diverse and highly respected author team. Unique in its features, this valuable text blends theory and practice with a direct, succinct style and commonsense presentation. Readers will be introduced to concepts in a situational framework, followed by a detailed discussion of techniques and tools. This latest edition includes new information on venture finance and debt structuring and has been updated throughout with the most recent statistical tables.

About the Author

Pierre Vernimmen (deceased) was a founding member and first coordinator of the Finance Department at HEC, where he established himself as a leading academic in the field of corporate finance.  In 1973 he joined Paribas, initially as a private equity banker, moving onto the advisory business line which he set up and managed from 1993 until his death in 1996. Pascal Quiry (Paris, France) is MD in the Corporate Finance department at BNP Paribas, and affiliate professor of finance at HEC.  Pascal is board member of the French Finance Association and member of the American Finance Association. Yann Le Fur, (Paris, France) is a senior associate in the Paris Corporate Finance department of Schroder Salomon Smith Barney, and a lecturer at HEC. Maurizio Dallocchio (Milan, Italy)  is former Dean of the leading Italian business school Bocconi (Milan) and Lehman Brothers Chair of Corporate Finance. He is also a board member of several listed and unlisted companies and is one of the most distinguished Italian authorities on finance. Antonio Salvi (Milan, Italy) is an Assistant Professor of Finance at Bocconi and the University of Venice where he teaches Corporate Finance.



Table of Contents:
Preface Frequently Used Symbols What is Corporate Finance? Section I Financial Analysis Part One Fundamental Concept in Financial Analysis ·Cash Flow ·Earnings ·Capital Employed and Invested Capital ·Walking Through from Earnings to Cash Flow ·Getting to Grips with Consolidated Accounts ·How to Cope with the Most Complex Points in Financial Accounts Part Two Financial Analysis and Forecasting ·How to Perform a Financial Analysis ·Margin Analysis: Structure ·Margin Analysis: Risks ·Working Capital and Capital Expenditures ·Financing ·Return on Capital Employed and Return on Equity ·Conclusion of Financial Analysis Section II Investors and Markets Part One Investment Decision Rules ·The Financial Markets ·The Time Value of Money and Net Present Value ·The Internal Rate of Return Part Two The Risk of Securities and the Required Rate of Return ·Risk and Return ·The Required Rate of Return Part Three Financial Securities ·Bonds ·Other Debt Products ·Shares ·Options ·Hybrid Securities ·Selling Securities Section III Value ·Value and Corporate Finance ·Measuring Value Creation ·Investment Criteria ·The Cost of Capital ·Risk and Investment Analysis ·Valuation Techniques Section IV Corporate Financial Policies Part One Capital Structure Policies ·Capital Structure and the Theory of Perfect Capital Markets ·Capital Structure, Taxes and Organisation Theories ·Debt, Equity and Options Theory ·Working Out Details: The Design of The Capital Structure Part Two Equity Capital ·Returning Cash to Shareholders ·Distribution in Practice: Dividends and Share Buy-Backs ·Share Issues ·Implementing a Debt Policy Section V Financial Management Part One Corporate Governance and Financial Engineering ·Setting Up a Company or Financing Start-Ups ·Choice of Corporate Structure ·Initial Public Offerings (iPOs) ·Corporate Governance ·Taking Control of a Company ·Mergers and Demergers ·Leveraged Buyouts (LBOs) ·Bankruptcy and Restructuring Part Two Managing Working Capital, Cash Flows and Financial Risks ·Managing Working Capital ·Managing Cash Flows ·Managing Financial Risks ·Epilogue--Finance and Strategy ·Top 20 Largest Listed Companies Contents Index


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Product Details
  • ISBN-13: 9788126556175
  • Publisher: Wiley India Pvt Ltd
  • Binding: Paperback
  • No of Pages: 996
  • ISBN-10: 812655617X
  • Publisher Date: June' 2015
  • Language: English

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