Corporate Finance: Theory and Practice, Third Edition
- 20h 41m
- Antonio Salvi, Maurizio Dallocchio, Pascal Quiry, Pierre Vernimmen, Yann Le Fur
- John Wiley & Sons (UK)
- 2011
This book covers the theory and practice of Corporate Finance from a truly European perspective. It shows how to use financial theory to solve practical problems and is written for students of corporate finance and financial analysis and practising corporate financiers. Corporate Finance: Theory and Practice, 3rd Edition is split into four sections covering the basics of financial analysis; the basic theories behind valuing a firm; the major types of financial securities (equity, debt & options) and, finally, financial management; how to organise a company’s equity capital, buying and selling companies, M&A, bankruptcy and cash flow management.
Key features include:
- A section on financial analysis – a Corporate Financier must understand a company based on a detailed analysis of its accounts. Large numbers neglected this approach during the last stock market bubble and were caught in the crash that inevitably followed. How many investors took the trouble to read Enron’s annual report? Those who did found that it spoke volumes!
- End of Chapter Summary, Questions and Answers, Glossary, European Case Studies
About the Authors
Pascal Quiry is a professor of finance at the leading European business school HEC Paris, and a managing director in the Corporate Finance arm of BNP Paribas specialising in M&A.
Maurizio Dallocchio is Bocconi University Nomura Chair of Corporate Finance and Past Dean of SDA Bocconi, School of Management. He is also a board member of international and Italian institutions and is one of the most distinguished Italian authorities in finance.
Yann Le Fur is a corporate finance teacher at HEC Paris business school and an investment banker with Mediobanca in Paris after several years with Schroders and Citi.
Antonio Salvi is Full Professor of Corporate Finance at "Jean Monnet" University, Italy. He also teaches corporate finance at EM Lyon Business School and SDA Bocconi School of Management.
Pierre Vernimmen who died in 1996, was both an M&A dealmaker (he advised Louis Vuitton on its merger with Moët Henessy to create LVMH, the world luxury goods leader) and a finance teacher at HEC Paris. His book, Finance d'Entreprise, was and still is the top-selling financial textbook in French-speaking countries and is the forebear of Corporate Finance: Theory and Practice.
In this Book
-
Introduction—Contrasts, Shocks, Threats and Opportunities
-
Frequently Used Symbols
-
What is Corporate Finance?
-
Cash Flow
-
Earnings
-
Capital Employed and Invested Capital
-
Walking Through from Earnings to Cash Flow
-
Getting to Grips with Consolidated Accounts
-
How to Cope with the Most Complex Points in Financial Accounts
-
How to Perform a Financial Analysis
-
Margin Analysis—Structure
-
Margin Analysis—Risks
-
Working Capital and Capital Expenditures
-
Financing
-
Return on Capital Employed and Return on Equity
-
Conclusion of Financial Analysis
-
The Financial Markets
-
The Time Value of Money and Net Present Value
-
The Internal Rate of Return
-
Risk and Return
-
The Required Rate of Return
-
The Term Structure of Interest Rates
-
Bonds
-
Other Debt Products
-
Shares
-
Options
-
Hybrid Securities
-
Selling Securities
-
Value and Corporate Finance
-
Measuring Value Creation
-
Investment Criteria
-
The Cost of Capital
-
Risk and Investment Analysis
-
Valuation Techniques
-
Capital Structure and the Theory of Perfect Capital Markets
-
Capital Structure, Taxes and Organisation Theories
-
Debt, Equity and Options Theory
-
Working Out Details—The Design of the Capital Structure
-
Returning Cash to Shareholders
-
Distribution in Practice—Dividends and Share Buy-Backs
-
Share Issues
-
Choice of Corporate Structure
-
Initial Public Offerings (IPOs)
-
Corporate Governance
-
Taking Control of a Company
-
Mergers and Demergers
-
Leveraged Buyouts (LBOs)
-
Bankruptcy and Restructuring
-
Managing Cash Flows
-
Managing Working Capital
-
Managing Financial Risks
-
Epilogue—Finance and Strategy
-
Top 20 Largest Listed Companies
-
Cribsheet
