Part I. Financial Concepts and Techniques
1. Financial Management and Value Creation: An Overview
2. The Time Value of Money
3. Risk and Return
Part II. Evaluating Business Performance
4. Interpreting Financial Statements
5. Analyzing Operational Efficiency and Liquidity
6. Analyzing Profitability, Risk, and Growth
Part III. Making Investment Decisions
7. Using the NPV Rule to Make Value-Creating Investment Decisions
8. Alternatives to the Net Present Value Rule
9. Identifying and Estimating a Project’s Cash Flows
Part IV. Making Financing Decisions
10. Valuing Bonds and Common Stocks
11. Raising Capital and Paying Out Cash
12. Estimating the Cost of Capital
13. Designing a Capital Structure
Part V. Making Business Decisions
14. Valuing and Acquiring a Business
15. Managing Corporate Risk
16. Understanding Forward, Futures and Options and their Contribution to Corporate Finance
17. Making International Business Decisions
18. Managing for Value Creation
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Gabriel Hawawini
Gabriel Hawawini is a chaired professor of Finance at INSEAD, where he formerly served as Dean. He previously taught at New York University, the City University of New York, Columbia University and the Wharton School of the University of Pennsylvania. He is the author of numerous books and research papers on financial markets and corporate finance. In addition to teaching value-based management seminars around the world, he also sits on the boards of several companies.
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Claude Viallet
Claude Viallet was Emeritus Professor of Finance at INSEAD. Before joining INSEAD, he worked as a project manager at a major oil company and as Chief Financial Officer of a service company in Paris. In addition to his tenure at INSEAD, Professor Viallet was a Visiting Professor of Finance at the Kellogg School of Management of Northwestern University. He organized, directed and taught management-development programs and provided consulting services to companies around the world.
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Up-to-date financial information and company reports underpin the financial theory while reconnecting the methods to the world of business.
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New sections on sustainable finance and FinTech in Chapter 1 demonstrate how this field constantly evolves.
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New case studies on the application of the NPV rule (TechnoServe), the estimation of the cost of capital (RTL broadcasting) and valuation (Carodel Asia) help students master key principles of financial management.
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New end-of-chapter review problems and self-test questions allow students to check their understanding, apply theory to practice and prepare for the exam.
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Problem-scenario approach: key concepts are demonstrated in the context of financial management issues that executives commonly face.
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Examples from international companies, such as GSK and Sanofi, illustrate how to perform a financial analysis.
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Numerous real-world examples facilitate the valuation of bonds, stocks and companies, encouraging students to practise diagnostic techniques.
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End-of-chapter self-test and review problems invite students to hone and apply their learning.
VitalSource eBook: Finance for Executives 12 Months
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