Corporate Financial Decisions and Market Value

Corporate Financial Decisions and Market Value PDF

Author: Giovanni Marseguerra

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 181

ISBN-13: 3642470106

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How do managers of a firm choose between alternative finan cial policies? Can the choice of a particular financial policy affect the value of the firm? Since the early 1960s, the debate on these questions has been lively and interesting as economists have inves tigated the effect on the value of the firm of relaxing the various assumptions in the celebrated Modigliani-Miller theory. Further more, even if we stick to the MM-assumptions (that is, we assume perfect and complete capital markets, no taxes and symmetric information), and we therefore know that only optimally chosen investments determine firm's value, another interesting question arises: How does the structure of ownership affect investment de cisions (and, in turn, values)? This research monograph attempts to analyze some of the issues involved in this debate. It belongs to the area of mathematical economics and is intended to appeal to mathematical economists as well as economists and mathemati cians. It is meant to deal with economically relevant problems in a mathematically adequate way. To decide whether or not it succeeds in this task, it is up to the reader. I am greatly indebted to Dr. Margaret Bray for her supervi sion of my PhD thesis in Economics at the London School of Eco nomics from which this book resulted. She helped me as friend and adviser through many struggles in the last three years and invested a great amount of work in this thesis.

Corporate Financial Analysis

Corporate Financial Analysis PDF

Author: Diana R. Harrington

Publisher: Irwin Professional Publishing

Published: 1993

Total Pages: 408

ISBN-13:

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Corporate Financial Analysis provides the necessary tools to improve decision-making with practical, current examples of financial analysis in business situation. It focuses on today's global business environment to allow planning for the future.

Capital Structure and Corporate Financing Decisions

Capital Structure and Corporate Financing Decisions PDF

Author: H. Kent Baker

Publisher: John Wiley & Sons

Published: 2011-03-31

Total Pages: 504

ISBN-13: 1118022947

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A comprehensive guide to making better capital structure and corporate financing decisions in today's dynamic business environment Given the dramatic changes that have recently occurred in the economy, the topic of capital structure and corporate financing decisions is critically important. The fact is that firms need to constantly revisit their portfolio of debt, equity, and hybrid securities to finance assets, operations, and future growth. Capital Structure and Corporate Financing Decisions provides an in-depth examination of critical capital structure topics, including discussions of basic capital structure components, key theories and practices, and practical application in an increasingly complex corporate world. Throughout, the book emphasizes how a sound capital structure simultaneously minimizes the firm's cost of capital and maximizes the value to shareholders. Offers a strategic focus that allows you to understand how financing decisions relates to a firm's overall corporate policy Consists of contributed chapters from both academics and experienced professionals, offering a variety of perspectives and a rich interplay of ideas Contains information from survey research describing actual financial practices of firms This valuable resource takes a practical approach to capital structure by discussing why various theories make sense and how firms use them to solve problems and create wealth. In the wake of the recent financial crisis, the insights found here are essential to excelling in today's volatile business environment.

Lessons in Corporate Finance

Lessons in Corporate Finance PDF

Author: Paul Asquith

Publisher: John Wiley & Sons

Published: 2016-03-28

Total Pages: 499

ISBN-13: 1119207436

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A discussion-based learning approach to corporate finance fundamentals Lessons in Corporate Finance explains the fundamentals of the field in an intuitive way, using a unique Socratic question and answer approach. Written by award-winning professors at M.I.T. and Tufts, this book draws on years of research and teaching to deliver a truly interactive learning experience. Each case study is designed to facilitate class discussion, based on a series of increasingly detailed questions and answers that reinforce conceptual insights with numerical examples. Complete coverage of all areas of corporate finance includes capital structure and financing needs along with project and company valuation, with specific guidance on vital topics such as ratios and pro formas, dividends, debt maturity, asymmetric information, and more. Corporate finance is a complex field composed of a broad variety of sub-disciplines, each involving a specific skill set and nuanced body of knowledge. This text is designed to give you an intuitive understanding of the fundamentals to provide a solid foundation for more advanced study. Identify sources of funding and corporate capital structure Learn how managers increase the firm's value to shareholders Understand the tools and analysis methods used for allocation Explore the five methods of valuation with free cash flow to firm and equity Navigating the intricate operations of corporate finance requires a deep and instinctual understanding of the broad concepts and practical methods used every day. Interactive, discussion-based learning forces you to go beyond memorization and actually apply what you know, simultaneously developing your knowledge, skills, and instincts. Lessons in Corporate Finance provides a unique opportunity to go beyond traditional textbook study and gain skills that are useful in the field.

Corporate Financial Management

Corporate Financial Management PDF

Author: Glen Arnold

Publisher: Pearson UK

Published: 2019

Total Pages: 1836

ISBN-13: 1292140488

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Explore how finance theory works in practice with Corporate Financial Management, 6th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value. Need extra support? Join over 10 million students benefiting from Pearson MyLabs. This title is supported by MyLab Finance, an online homework and tutorial system which can be used by students for self-directed study or instructors can choose to fully integrate this eLearning technology into.

Advanced Corporate Finance

Advanced Corporate Finance PDF

Author: KRISHNAMURTI CHANDRASEKHAR

Publisher: PHI Learning Pvt. Ltd.

Published: 2010-01-30

Total Pages: 397

ISBN-13: 8120336119

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Primarily intended as a text for postgraduate students of management and those pursuing postgraduate courses in finance, this study explains corporate finance as an area of finance dealing with the financial decisions corporations make and the tools and analyses used to make these decisions.

Finance for Strategic Decision-Making

Finance for Strategic Decision-Making PDF

Author: M. P. Narayanan

Publisher: John Wiley & Sons

Published: 2004-04-26

Total Pages: 323

ISBN-13: 0787974196

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Finance for Strategic Decision Making demystifies and clarifies for non-financial executives the basics of financial analysis. It shows how they can make important financial decisions that can critically enhance their institution’s ability to respond to competitive challenges, undertake new projects, overcome financial setbacks, and most importantly, create shareholder value. Written by M. P. Narayanan and Vikram K. Nanda—two of the country’s leading authorities on financial strategy—this book offers a practical guide for using financial analysis to enhance strategicdecision making. The book includes a coherent framework that outlines practical and intellectually sound guidance for executives who must make strategic decisions. Finance for Strategic Decision Making Explains the role of finance in corporate strategy Offers guidance on resource allocation decisions Explores how to determine the right balance of debt and equity capital to maximize firm value Demonstrates how to use payout policy as a strategic tool Clarifies if a merger, acquisition, or divestiture is in the best interest of an organization Shows how to manage risk Reveals how to measure value created and the effectiveness of upper level management

European Equity Markets and Corporate Financial Decisions

European Equity Markets and Corporate Financial Decisions PDF

Author: John Doukas

Publisher: Psychology Press

Published: 1993

Total Pages: 272

ISBN-13: 9781560246626

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European Equity Markets and Corporate Financial Decisions explores the current nature of corporate decisions faced by European financial managers, the highly interdependent financial and economic environment in which they function, and how that environment seeks complete integration with other financial and economic environments. The contributing authors provide a timely core of theoretical and empirical investigations on a set of European equity markets and corporate financial management decisions to give readers a deeper understanding of equity markets in Europe.

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