Finance for Executives Managing for Value Creation

by Hawawini, Gabriel; Viallet, Claude

• ISBN13: 9780538751346
• ISBN10: 0538751347
• Edition: 4th
• Format: Hardcover
• Copyright: 2010-09-22
• Publisher: South-Western College Pub

Summary

Ideal for both aspiring managers and experienced executives, the Fourth Edition of FINANCE FOR EXECUTIVES: MANAGING FOR VALUE CREATION illustrates the importance of financial information in maximizing firm value. Respected authors Gabriel Hawawini and Claude Viallet draw on their wealth of business experience to provide a concise, analytically sound introduction to financial management that is neither too simplistic nor too theoretical. In fact, the book masterfully balances a thorough exploration of modern finance principles with a strong practical focus on real-world applications and rigorous analysis, even while avoiding complicated formulas with little value for decision-making. FINANCE FOR EXECUTIVES employs a strong problem-scenario approach to present key concepts within the context of realistic financial management issues that executives commonly face. In addition, a series of integrated case studies analyzes the same set of companies throughout the book to explore concepts in greater depth and reinforce learning. The book also features a highly reader-friendly structure and presentation, with self-contained chapters that make it an invaluable reference and resource. In addition, the Fourth Edition includes extensive updates incorporating the most recent financial data and latest references, as well as a new chapter devoted to managing corporate risk, an essential topic for success in today?s high-stakes business environment.

Table of Contents

Introduction

Financial Management and Value Creation: An Overview

Understanding Balance Sheets and Income Statements

Financial Diagnosis and Management

Assessing Liquidity and Operational Efficiency

Measuring Cash Flows

Diagnosing Profitability, Risk, and Growth

Investment Decisions

Using the Net Present Value Rule to Make Value-Creating Investment Decisions

Alternatives to the Net Present Value Rule

Identifying and Estimating a Project's Cash Flows

Financing Decisions

Raising Capital and Valuing Securities

Estimating the Cost of Capital

Designing a Capital Structure

Business Decisions

Valuing and Acquiring a Business

Managing Corporate Risk

Making International Business Decisions

Managing for Value Creation

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