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| About the book |
This acclaimed new text book introduces the core principles and practices of corporate finance and financial strategy. The content and structure of this user-friendly book have been carefully researched to meet the typical requirements of introductory undergraduate corporate finance and financial strategy courses. The text also provides a useful resource for postgraduates, MBA students and students undertaking professional accounting and finance courses. Strategic Corporate Finance is topical and up-to-date in its comprehensive coverage of all the key areas of corporate finance: acquisition of financial resources; effective use of financial resources; control of these activities. In addition, it introduces some contemporary financial issues and topics of growing importance such as Islamic finance and corporate governance, and includes financial planning, shareholder value creation and financial strategy. Key Features: A large number of step-by-step Worked Examples in every chapter, which apply the appropriate techniques to deal with specific business problems; extensive illustrative diagrams and charts are used to reinforce learning. Comprehensive Progress Checks in every chapter facilitate effective learning and provide frequent reinforcement. 6 Major Case Studies that illustrate strategic corporate finance issues in practice, providing the opportunity to apply and develop the techniques, analytical skills and judgement acquired from working through each chapter. At the end of each chapter, a range of about 15 to 20 graded Exercises, Questions and Discussion Points link theory with business practice and encourage the use of the techniques and learning points covered in each chapter. Press Extracts in each chapter offer insights into real-life business scenarios and include companies such as BSkyB, Marks and Spencer, Umbro, Matalan and Samsung, and provide further links between theory and practice. A comprehensive Glossary of Financial Terminology at the end of each chapter with easy reference to when they are first used in the book. |
| Key features |
| About the authors |
Tony Davies MBA FCMA MCMI heads up Lucis Consulting, an international business and financial consultancy and training provider, and formerly lectured in finance and accounting at Bangor Business School, University of Wales. Tony Boczko MA FCCA is a lecturer in accounting at Hull University Business School. Dr Jean Chen BSc PhD is a senior lecturer in finance and financial management at the University of Surrey.
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| Table of contents |
Part I: Corporate Finance Introduction to Part I and Part II Chapter 1 The financial environment Chapter 2 Corporate objectives Chapter 3 Corporate governance Chapter 4 Capital investment decisions Chapter 5 Risk, return, and portfolio theory Chapter 6 Capital structure and the cost of capital Chapter 7 Sources of finance and the capital markets Chapter 8 Financial analysis Chapter 9 Financial planning Case Study I: Gegin Chapter 10 Management of working capital Chapter 11 International operations and investment Chapter 12 Financial risk management Case Study II: Millpot Part II: Financial Strategy Introduction to Part II Chapter 13 The business life cycle and financial strategy Chapter 14 Financial strategies from start-up to growth Case Study III: Derlex Case Study IV: Bircom Chapter 15 Financial strategies from growth to maturity to decline Case Study V: Kite Chapter 16 Mergers and acquisitions (M&As) Chapter 17 Financial strategies in M&As Chapter 18 Reorganisations and restructuring Case Study VI: Chamberlain Appendices Appendix 1 Present value tables Appendix 2 Solutions to selected chapter-end exercises |
