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Corporate Finance
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Corporate Finance
Theory and Practice

Second Edition
  • S R Vishwanath - Professor, School of Management and Entrepreneurship, Shiv Nadar University, Uttar Pradesh

Other Titles in:
Financial Management

March 2007 | 764 pages | SAGE Publications Pvt. Ltd
This—revised and enhanced—book examines the role of finance in supporting other functional areas while fostering an understanding of how financial decisions can create value. Corporate Finance covers areas related to estimating divisional cost of capital; executing a financing strategy; establishing debt and dividend policies consistent with the company`s strategy and environment; choosing between dividends and stock repurchases; managing high growth and managing working capital. Its new topics include:

- Corporate Financial Flexibility (Real options)
- New Financial Instruments
- Project Finance
- Acquisitions and Control
- Performance Measurement and Incentive Compensation

The goal of this book is to provide a thorough understanding of how and why firms make their financial decisions the way they do and their impact on shareholder value. The central theme of the book is Value Based Management, which assumes that maximizing shareholder value is the governing objective of a firm.

Each chapter of this new edition has detailed and real-life cases to help students easily understand and grasp concepts. The author has also provided the case-map of the Harvard Business School to make this book more user-friendly in classrooms.

The inclusion of several new topics/cases, extensive pedagogical tools and a finance-for-non-finance approach make this book ideal for MBA/CA/CFA/ICWA students and executive education programs.
 
Preface
 
I: BUILDING BLOCKS
 
Introduction
 
Time Value of Money
 
Risk and Return
 
Estimation of Cost of Capital
 
Financial Statements and Firm Value
 
A Case Study: Financial Statements and Industry Structure
 
A Case Study: Financial Performance of Pharmaceutical Companies
 
II: CAPITAL INVESTMENTS
 
Overview of Capital Budgeting
 
Free Cash Flow Valuation
 
A Case Study: Detergents India Limited
 
Risk Analysis in Capital Investments
 
A Real Options Perspective of Capital Budgeting
 
A Follow-Up Note on Capital Budgeting
 
III: MANAGING CURRENT ASSETS
 
Estimation of Working Capital
 
A Case Study: Bharti Dredging and Construction Limited
 
Cash Management
 
Receivables Management
 
A Case Study: SM Electric (India) Limited
 
IV: THE FINANCING DECISION
 
Optimal Capital Structure
 
An Overview of Financing Choices
 
Initial Public Offerings
 
Bank Loans
 
A Case Study: Bermuda Airways
 
Debt Markets
 
A Follow-Up Note on Financing (Executing a Financing Program)
 
A Case Study: Financing NTPC
 
Special Topic: Project Financing
 
A Case Study: HPL Cogeneration Limited
 
The Leasing Decision
 
V: DIVIDEND POLICY
 
The Dividend Debate
 
A Case Study: Back to SM Electric (India) Limited
 
VI: FINANCIAL POLICY, COMPETITIVE STRATEGY AND SHAREHOLDER VALUE
 
Growth and Value
 
Growth via Mergers and Acquisitions
 
A Case Study: The Merger of ICICI Bank and Bank of Madura
 
Leveraged Recaps and Buyouts (Revitalizing Organizations through Capital Structure Choice)
 
EVA and Divisional Performance Measurement
 
Index

This revised and enhanced book examines the role of finance in supporting other functional areas while fostering an understanding of how financial decisions can create value.

The Times of India

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ISBN: 9780761934974
£19.99

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