Corporate Finance: Theory and Practice, 2nd Edition
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Corporate Finance Theory and Practice, 2nd Edition

By Pierre Vernimmen, Professor Pascal Quiry
John Wiley & Sons March 2009

Specifications

ISBN-13
9780470721926
Publisher
John Wiley & Sons
Publication
March 2009
Format
Paperback , 1056 pages
Jurisdiction
International or US ? Countri(es) for reference only

Details

This textbook is designed for core courses in Corporate Finance taken by MBA , Masters in Finance and final year undergrads. It will also have a large market amongst corporate finance practitioners. It describes the theory and practice of Corporate Finance showing how to use financial theory to solve practical problems from a truly European perspective. Section one includes financial analysis which is not included in any other corporate finance textbook.
 
 
 
 
Fills a gap in the market covering a Corporate Finance from a truly European perspective

Accompanying web site that includes:  regular updating of statistics, graphs and charts; email questions to authors and receive answer in 72 hours;  quizzes, case studies, articles, lecture notes, Q & A; Computer models

Monthly newsletter (4 – 5 pages long) that is emailed to subscribers. Includes coverage of: analysis of hot topics, summary of recent research papers in corporate finance, monthly statistics (price curves, tax rates in Europe)

"An excellent book for all business students - For a few months already, the Vernimmen.com website had been helping me for my finance class, as well as the monthly newsletter. I finally bought the book, and I have not been disappointed: the style is clear, very practical ; theories are mixed with real cases, which makes them easy to understand. Valuation techniques are well explained (discounted cash flow methods, methods based on ratios). Fundamental concepts (accounting, finance, financial markets) are recalled in the first part; when more complex concepts are tackled (investment analysis, LBOs, capital structure...), they are explained with lots of simplicity and conciseness.

I recommend this book for every student in Management or Finance!"

Amazon.co.uk 30 July 2005

 

 New to this edition

  • New coverage on shareholder value
  • Expanded coverage of Leveraged Buyouts
  • Expanded discussion of management of risk
  • New chapter on corporate governance 
  • All graphs and examples will be updated with latest figures
  • Countries to be covered by statistics and examples: China, Japan, India, USA, France, Germany, Italy, Spain, United Kingdom, Brazil, Russia. (Netherlands, Poland, Scandinavia, Switzerland to be deleted).
  •   Update formatting of tables /graphs / figures
  • VERNIMMEN COMMUNITY WEBSITE
    —Community website featuring: Recent statistics, charts, formulas and spreadsheets. A corporate finance glossary with over 1200 terms. Financial lexicon with translations of key terms in English/American, French, German, Italian and Spanish. Company profiles, articles, public offer filings and thesis topics. Case studies and quizzes. Free monthly e-newsletter featuring new research, features, Q&A's. www.vernimmen.com

Hallmark features

Fills a gap in the market covering a Corporate Finance from a truly European perspective

Accompanying web site that includes:  regular updating of statistics, graphs and charts; email questions to authors and receive answer in 72 hours;  quizzes, case studies, articles, lecture notes, Q & A; Computer models

Monthly newsletter (4 – 5 pages long) that is emailed to subscribers. Includes coverage of: analysis of hot topics, summary of recent research papers in corporate finance, monthly statistics (price curves, tax rates in Europe)

"An excellent book for all business students - For a few months already, the Vernimmen.com website had been helping me for my finance class, as well as the monthly newsletter. I finally bought the book, and I have not been disappointed: the style is clear, very practical ; theories are mixed with real cases, which makes them easy to understand. Valuation techniques are well explained (discounted cash flow methods, methods based on ratios). Fundamental concepts (accounting, finance, financial markets) are recalled in the first part; when more complex concepts are tackled (investment analysis, LBOs, capital structure...), they are explained with lots of simplicity and conciseness.

I recommend this book for every student in Management or Finance!"

Amazon.co.uk 30 July 2005

 

 
 

Table of Contents

Financial Risk.

Preface.

Frequently used symbols.

1. WHAT IS CORPORATE FINANCE?

SECTION I: FINANCIAL ANALYSIS.

PART ONE: FUNDAMENTAL CONCEPTS IN FINANCIAL ANALYSIS.

2. CASH FLOWS.

3. EARNINGS.

4. CAPITAL EMPLOYED AND INVESTED CAPITAL.

5. WALKING THROUGH FROM EARNINGS TO CASH FLOW.

6. GETTING TO GRIPS WITH CONSOLIDATED ACCOUNTS.

7. HOW TO COPE WITH THE MOST COMPLEX POINTS IN FINANCIAL ACCOUNTS.

PART TWO: FINANCIAL ANALYSIS AND FORECASTING.

8. HOW TO PERFORM A FINANCIAL ANALYSIS.

9. MARGIN ANALYSIS: STRUCTURE.

10. MARGIN ANALYSIS: RISKS.

11. WORKING CAPITAL AND CAPITAL EXPENDITURES.

12. FINANCING.

13. RETURN ON CAPITAL EMPLOYED AND RETURN ON EQUITY.

14. CONCLUSION OF FINANCIAL ANALYSIS.

SECTION II: INVESTMENT ANALYSIS.

PART ONE: INVESTMENT DECISION RULES.

15. THE FINANCIAL MARKETS.

16. THE TIME VALUE OF MONEY AND NET PRESENT VALUE.

17. THE INTERNAL RATE OF RETURN.

18. INCREMENTAL CASH FLOWS AND OTHER INVESTMENT CRITERIA.

19. MEASURING VALUE CREATION.

20. RISK AND INVESTMENT ANALYSIS.

PART TWO: THE RISK OF SECURITIES AND THE COST OF CAPITAL.

21. RISK AND RETURN.

22. THE COST OF EQUITY.

23. FROM THE COST OF EQUITY TO THE COST OF CAPITAL.

24. THE TERM STRUCTURE OF INTEREST RATES.

PART THREE: FINANCIAL SECURITIES.

25. BONDS.

26. OTHER DEBT PRODUCTS.

27. SHARES.

28. OPTIONS.

29. HYBRID SECURITIES.

30. SELLING SECURITIES.

SECTION III: CORPORATE FINANCIAL POLICIES.

PART ONE: VALUE.

31. VALUE AND CORPORATE FINANCE.

32. VALUATION TECHNIQUES.

PART TWO: CAPITAL STRUCTURE POLICIES.

33. CAPITAL STRUCTURE AND THE THEORY OF PERFECT CAPITAL MARKETS.

34. THE TRADEOFF MODEL.

35. DEBT, EQUITY AND OPTIONS THEORY.

36. WORKING OUT DETAILS: THE DESIGN OF THE CAPITAL STRUCTURE.

PART THREE: EQUITY CAPITAL AND DIVIDENDS.

37. INTERNAL FINANCING: REINVESTING CASH FLOW.

38. RETURNING CASH TO SHAREHOLDERS: DIVIDEND POLICIES.

39. CAPITAL INCREASES.

SECTION IV: FINANCIAL MANAGEMENT.

PART ONE: CORPORATE GOVERNANCE AND FINANCIAL ENGINEERING.

40. CHOICE OF CORPORATE STRUCTURE.

41. CORPORATE GOVERNANCE.

42. TAKING CONTROL OF A COMPANY.

43. MERGERS AND DEMERGERS.

44. LEVERAGED BUYOUTS (LBOS).

45. BANKRUPTCY AND RESTRUCTURING.

PART TWO: MANAGING CASH FLOWS AND FINANCIAL RISKS.

46. MANAGING CASH FLOWS.

47. MANAGING FINANCIAL RISKS.

Glossary.

Index.

Vernimmen.com.

Cribsheet.

 

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