Corporate Finance and Financial Strategy : Optimising corporate and shareholder value.: Optimising corporate and shareholder value. (2014)

• Record Type: Book
• Other Names: Davies, Tony
• Contents: Cover; Title Page; Copyright; Contents; Features; Case studies; Press extracts; Figures; Preface; Guided Tour; Acknowledgements; Part 1 Corporate finance; Introduction to Part I; Chapter 1 The financial environment; Learning objectives; Introduction; Corporate finance and financial strategy; Types of business entity; Business organisational structures; Financial statements; Accountability and financial reporting; Managing corporate finance; Underlying principles of corporate finance; Summary of key points; Glossary of key terms; Questions; Discussion points; Exercises. Chapter 2 Corporate objectivesLearning objectives; Introduction; Strategic management; Corporate objectives; Financial strategy; Efficient market hypothesis; Shareholder value; Strategic financial decisions; The agency problem; Summary of key points; Glossary of key terms; Questions; Discussion points; Exercises; Chapter 3 Corporate governance; Extracts from Johnson Matthey Plcâ#x80;#x99;s report and accounts 2012; Learning objectives; Introduction; Corporate governance codes of practice; The audit and the role of auditors; Directorsâ#x80;#x99; responsibilities; Insolvency; Wrongful trading. Fraudulent tradingDisqualification of directors; Summary of directorsâ#x80;#x99; obligations and responsibilities; Actions to ensure compliance; Summary of key points; Glossary of key terms; Questions; Discussion points; Exercises; Chapter 4 Risk, return, and portfolio theory; Learning objectives; Introduction; The relationship between risk and return; Investor attitudes to risk; Business risk and financial risk; The impact of risk on financing; Systematic and unsystematic risk; Diversification; Risk measurement; Portfolio risks and returns; Markowitzâ#x80;#x99;s portfolio theory; Risk-free investments. Capital market line (CML)Investorsâ#x80;#x99; preferences; The return on the market portfolio; Summary of key points; Glossary of key terms; Questions; Discussion points; Exercises; Chapter 5 Capital structure and the cost of capital; Learning objectives; Introduction; Capital asset pricing model (CAPM); Cost of equity; Simple dividend growth model; Cost of debt; Weighted average cost of capital (WACC); Capital structure; Gearing â#x80;#x93; debt and equity; Optimal capital structure; Traditional approach to capital structure (or financial structure). Miller and Modigliani (I) net income approach to capital structureMiller and Modigliani (II) market imperfections approach to capital structure; Further approaches to capital structure; Summary of key points; Glossary of key terms; Questions; Discussion points; Exercises; Chapter 6 Capital investment decisions; Learning objectives; Introduction; What is an investment?; Future values, present values, perpetuities, and annuities; Investment appraisal methods; Advantages and disadvantages of the five investment appraisal methods; Other factors affecting investment decisions. Risk and uncertainty and decision-making â#x80;#x93; sensitivity analysis.
• Publisher Details: Place of publication not identified : Pearson
• Publication Date: 2014
• Extent: 1 online resource
• Subjects: 658.15; Corporations -- Finance; Strategic planning; Planification stratégique; BUSINESS & ECONOMICS -- Industrial Management; BUSINESS & ECONOMICS -- Management; BUSINESS & ECONOMICS -- Management Science; BUSINESS & ECONOMICS -- Organizational Behavior; Corporations -- Finance; Strategic planning; Electronic books
• Languages: English
• ISBNs: 1306535476; 9781306535472; 9780273773900; 0273773909
• Related ISBNs: 9780273773863; 0273773860
• Notes: Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.