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.
Đưa ra những kiến thức cơ bản về xếp hạng tín nhiệm doanh nghiệp. Ở nước ta, thuật ngữ "corporate credit rating" được được
dịch với nhiều nghĩa khác nhau như xếp hạng tín nhiệm doanh
nghiệp, xếp hạng tín dụng doanh nghiệp, phân loại tín dụng
doanh nghiệp, xếp loại doanh nghiệp, phân loại doanh nghiệp...
Trong đó, sát nghĩa nhất là xếp hạng tín nhiệm doanh nghiệp, xếp
hạng tín dụng doanh nghiệp và phân loại tín dụng doanh nghiệp....
When I set out to write this book, my topic was stock options.
Specifically, my intent was to explore the much debated issue of
expensing stock options. While that remains an essential theme of
this book, it is impossible to address stock options without looking
at the broader picture. Put another way, stock options are the trees;
executive compensation and effective corporate governance are the
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.
Khi dùng “quản trị công ty” để dịch cho “corporate governance” ta đã bỏ quản trị (management), cái mà chúng ta đang còn yếu! Trong bối cảnh nước ta hiện nay, khi bàn về đề tài trên thì có câu hỏi là: quản trị nào? - Xin cùng tìm hiểu
Quản trị công ty tại các nước phát triển: Tại các nước này, khi nói đến việc điều khiển công ty thì có ba lĩnh vực: 1. Luật công ty ấn định cơ cấu quyền lực trong công ty . Đó là trách nhiệm và quyền hạn của đại hội cổ...
In an age of uncertainty, peering 15 years into the future may seem like hubris. But ignoring long-term
trends—demographic, economic, corporate—is an even less attractive option. Understanding the long-term future is vital in ensuring that strategies are sustainable, that opportunities are identified at an early stage and that challenges are addressed beforethey become insurmountable.
This report assesses likely changes to the global economy, to eight major industries and to corporate structures between now and 2020. Our research drew on three main initiatives....
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 paper examines how corporate financial structure shapes the impact of a financial crisis on the real sector by way of its effects on flows of funds and on corporate real expenditures.
It is one of the first papers to utilize extensive cross-country flow and balance sheet data and also to examine
subcomponents of GDP in the wake of banking and currency crises rather than focusing exclusively on aggregate GDP.
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).
Corporate governance has been identified by the Chinese government
as the core element of the “modern enterprise system.” The policy focus on corporate governance reflects the significant progress that China has made in building market institutions and the importance it attaches to changing corporate behavior.
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.
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.
The concept of governance is not a new one but nowadays we hear words as corporate governance, organizational governance or good governance frequently. Actually corporate governance or, as defined in ISO FDIS 26000, organizational governance is the system by which an organization makes and implements decisions in pursuit of its objectives. Simply put “governance” means: the process of decision-making and the process by which decisions are implemented (or not implemented).
Corporate Social Responsibility (or CSR as we will call it throughout this book) is a concept
which has become dominant in business reporting. Every corporation has a policy concerning
CSR and produces a report annually detailing its activity. And of course each of us claims to be
able to recognise corporate activity which is socially responsible and activity which is not
This dissertation addresses how the weather derivative hedges
the corporate risk, how to price the indexed derivative as an exotic
derivative instrument, and the implications of basis risk. These topics
are summarized in an expanded uncertainty model. Under this
framework, different hedging instruments for studying the optimal
hedging portfolios are compared.
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....