For nearly 20 years, since the emergence of PCs, Lotus 1-2-3, and Microsoft Excel in the 1980’s,
spreadsheet models have been the dominant vehicles for finance professionals in the business world to
implement their financial knowledge. Yet even today, most Corporate Finance textbooks rely on
calculators as the primary tool and have little (if any) coverage of how to build spreadsheet models. This
book fills that gap. It teaches students how to build financial models in Excel.
The math, the formulas, the problem solving . . . does corporate finance make your head spin? You're not alone. It's one of the toughest subjects for business students—which is why Corporate Finance DeMYSTiFieD is written in a way that makes learning it easier than ever.
This self-teaching guide first explains the basic principles of corporate finance, including accounting statements, cash flows, and ratio analysis. Then, you'll learn all the specifics of more advanced practices like estimating future cash flows, scenario analysis, and option valuation....
Most discussions of corporate financing policy focus on long-term
liabilities such as common stock, preferred stock, debentures,
loans, and leases. Yet trade credit—credit extended by a seller
who allows delayed payment for its products—represents a substantial component of both corporate liabilities and assets, especially in the
case of middle-market companies. For the 3,350 non-financial Nasdaq firms
covered by COMPUSTAT, accounts receivable amounted to 19% of corporate
assets, and accounts payable were 26% of corporate liabilities, at the end of 1992.
Global Corporate Finance provides students with the practical skills needed to understand global financial problems and techniques. The fifth edition of this essential text emphasizes shareholder value and corporate governance, global strategy, and corporate finance practice. With the addition of 26 new case studies, an enhanced focus on international topics, and increased coverage of emerging markets, the new edition is an indispensable text for undergraduate and graduate students.
McGraw Hill Fundamentals Of Corporate Finance III presentations on Introduction to Corporate Finance, Financial Statements and Long−Term Financial Planning, Valuation of Future Cash Flows, Capital Budgeting, Risk and Return, Cost of Capital and Long−Term Financial Policy, Short−Term Financial Planning and Management, Topics in Corporate Finance.
ESSAYS ON INTERNATIONAL CORPORATE FINANCE The stronger are parental preferences for effective schools (relative to
schools with other desired attributes), the more actively will high- xi families seek out
neighborhoods in effective districts, and the larger will θ * tend to be in Tiebout equilibrium.
The weaker are parental preferences for μ j relative to other factors, the smaller will θ *
tend to be.
Corporate Finance Demystified offers a comprehensive introduction to corporate finance principles, the time value of money, including present value, amortization schedules, and more. This self-teaching guide comes complete with key points, background information, quizzes at the end of each chapter, and even a final exam.
Chapter 1 introduction to corporate finance. After studying this chapter in the lecture, you should be able to: Identify the three main areas that concern Corporate Finance, outline the goal of financial management, understand and explain the importance of agency problems, distinguish between money markets and capital markets,...
This chapter describes the corporate finance of mergers and acquisitions. It shows that the acquisition of one firm by another is essentially a capital budgeting decision, and the NPV framework still applies. Tax, legal, and accounting aspects of mergers are discussed along with more recent developments in areas such as takeover defenses.
This book describes the theory and practice of corporate finance. We hardly need to explain why financial managers should master the practical aspects of their job, but we should spell out why down-to-earth, redblooded managers need to bother with theory. Managers learn from experience how to cope with routine problems. But the best managers are also able to respond to change. To do this you need more than time-honored rules of thumb; you must understand why companies and financial markets behave the way they do. In other words, you need a theory of finance.
This third edition of The Corporate Finance Handbook is intended for the
directors and owners of businesses whose continuing prosperity and
growth depend upon putting in place and maintaining an appropriate
balance of external funding.
Strategic Corporate Finance provides a ‘‘real-world’’ application of the
principles of modern corporate finance, with a practical, investment
banking advisory perspective. Building on 15 years of corporate finance
advisory experience, this book serves to bridge the chronic gap between
corporate finance theory and practice. Topics range from weighted average
cost of capital, value-based management and M&A, to optimal capital
structure, risk management and dividend/buyback policy.
Let me begin this preface with a confession of a few of my own biases. First, I believe that theory, and the models that flow from it, should provide us with the tools to understand, analyze and solve problems. The test of a model or theory then should not be based upon its elegance but upon its usefulness in problem solving. Second, there is little in corporate financial theory, in my view, that is new and revolutionary. The core principles of corporate finance are common sense ones, and have changed little over time....
The teaching and the practicing of corporate finance are more challenging and exciting
than ever before. The last decade has seen fundamental changes in financial markets and
financial instruments. In the early years of the 21st century, we still see announcements in
the financial press about such matters as takeovers, junk bonds, financial restructuring, initial
public offerings, bankruptcy, and derivatives. In addition, there is the new recognition
of “real” options (Chapters 21 and 22), private equity and venture capital (Chapter 19), and
the disappearing dividend (Chapter 18).
Strategic Corporate Finance provides a ‘‘real-world’’ application of the principles of modern corporate finance, with a practical, investment banking advisory perspective. Building on 15 years of corporate finance advisory experience, this book serves to bridge the chronic gap between corporate finance theory and practice. Topics range from weighted average cost of capital, value-based management and M&A, to optimal capital structure, risk management and dividend/buyback policy.
This compendium provides a comprehensive overview of the most important topics covered in a corporate
finance course at the Bachelor, Master or MBA level. The intension is to supplement renowned corporate
finance textbooks such as Brealey, Myers and Allen's "Corporate Finance", Damodaran's "Corporate
Finance - Theory and Practice", and Ross, Westerfield and Jordan's "Corporate Finance Fundamentals".
The compendium is designed such that it follows the structure of a typical corporate finance course.
Throughout the compendium theory is supplemented with examples and illustrations....
Corporations must cope with fluctuations in interest rates, commodity prices, and exchange rates. This chapter discusses how they do it, with particular attention paid to financial instruments such as futures contracts, options, and swap agreements.
Learning objectives of this chapter include: How to apply the percentage of sales method, how to compute the external financing needed to fund a firm’s growth, the determinants of a firm’s growth, some of the problems in planning for growth.
This chapter introduces the basic elements of short-term financial decisions. First, we discuss the short-term operating activities of the firm. We then identify some alternative short-term financial policies. Finally, we outline the basic elements in a short-term fi nancial plan and describe short-term financing instruments.
In chapter 8, we turn to the other major source of fi nancing for corporations: common and preferred stock. After studying this chapter you will be able to understand: How stock prices depend on future dividends and dividend growth, the different ways corporate directors are elected to office, how the stock markets work.