Mein Konto
Login Anmeldung
Alles
Warenkorb
Neuesten Trends
Belletristik
Sachbücher
Kinderbücher
Seltene Bücher
Musik
DVD & Blu-Ray
Kategorie
Wunschlisten
Warenkorb
Alles
Kostenloser Versand
Trustpilot
Unsere Operationen sind klimaneutral

Business Finance: Bill Neale

Business Finance: von Bill Neale

Business Finance: Bill Neale

9.00
Zustand - Sehr Gut
Nur noch 2
Sehr GutGut

Zusammenfassung

Offers introduction to financial decision-making, covering key areas of financial management ranging from objectives through to investment, financing and dividend policy. This book examines business finance from a managerial angle. It analyses strategies and how practice compares with theory.

Business Finance: Zusammenfassung

Business Finance:: A Value Based Approach Bill Neale

This new book offers an introduction to financial decision-making, covering key areas of financial management ranging from objectives through to investment financing and dividend policy. The emphasis is on managing for value which reflects a growing concern in the focus of modern business management. The book examines business finance from a managerial angle, integrating strategy in a way that has not been achieved yet in most other core finance texts. The material will be relevant to all types of business organisations, and examples are taken from Europe and around the world. Using up-to-date, topical case material, based upon real-life companies familiar to many students, the text analyses value-adding strategies and how practice compares with theory.

Inhaltsverzeichnis

CHAPTER ONE SETTING THE SCENE 1.1 Introduction 1.2 Value and Wealth 1.3 Owners, Managers and Other Stakeholders 1.4 Business Objectives 1.5 Shareholder Wealth Maximisation 1.6 The Stakeholder Approach 1.7 A Little Historical Background 1.8 The Vodaphone/Mannesman Case - a Seminal Event? 1.9 2000-2 Stock Market Slump and Corporate Scandals 1.10 The Focus of Finance - the Big Three Issues 1.11 Outline of the Book and How to Use It CASE STUDY: CADBURY-SCHWEPPES PLC CHAPTER 2 THE MEANING OF SHAREHOLDER VALUE 2.1 Introduction 2.2 The Touchstone of Success - The Pursuit of Shareholder Value 2.3 The Meaning of the NPV 2.4 The Twin Determinants of Value 2.5 The Efficient Markets Hypothesis (EMH) 2.6 Internal Constraints on Value Maximisation - Agency Issues 2.7 Words of warning 2.8 Summary CHAPTER 3 STRATEGIC MANAGEMENT FOR VALUE CREATION 3.1 Introduction 3.2 Levels of Strategy 3.3 Core Competences 3.4 How Core competences Add Value 3.5 Core Competences as a Basis or Strategy 3.6 Divestment - a return to Core Competence? 3.7 Selecting the markets in which to exploit core competences 3.8 Protecting Core Competence 3.9 Overview of the Key Ideas in Strategic Management 3.10 Summary CASE STUDY: THE QUAKER STORY CHAPTER 4 PROJECT APPRAISAL I: THE BASICS 4.1 Introduction 4.2 The role of strategy 4.3 The ingredients of an investment appraisal 4.4. Non-discounting methods 4.5 Discounting methods/discounted cash flow (DCF) 4.6 Worked example 4.7 Problems with DCF methods 4.8 Assessment of the methods 4.9 Summary CHAPTER 5 PROJECT APPRAISAL II: THE TRICKY BITS 5.1 Introduction 5.2 Allowing for inflation in project appraisal 5.3 Allowing for taxation in DCF 5.4 Risk and uncertainty in project appraisal 5.5 Expected NPVs and probabilities 5.6 Sensitivity analysis 5.7 Worked Example; Bowman plc 5.8 Guarding against Project Risk 5.9 Summary CASE STUDY: VIRGIN'S WEST COAST RAILWAY PROJECT CHAPTER 6 THE RATE OF RETURN REQUIRED BY OWNERS 6.1 Introduction 6.2 The Dividend Valuation Model (DVM) 6.3 The Capital Asset Pricing Model (CAPM) 6.4 International Diversification 6.5 The Risk of Individual Securities 6.6 The Core of the CAPM: Security Market Line (SML) 6.7 Application - Finding the Required Return 6.8 Tailoring the Beta Value for New Projects of Varying Risks 6.9 Worked Example 6.10 The Equity Premium in Practice 6.11 Summary CHAPTER 7 Working capital management 7.1 Introduction 7.2 What is Working capital? 7.3 Investment in cash 7.4 Investment in Stock 7.5 Investment in debtors 7.6 Investment in creditors 7.7 The cash conversion cycle 7.8 Putting it together - strategic working capital management 7.9 Overtrading 7.10 Worked example: Ewden plc 7.11 Summary CASE STUDY: SODEXHO PLC CHAPTER 8 RAISING LONG TERM FINANCE 8.1 Introduction 8.2 The Strategic issues 8.3 Equity Financing 8.4 Borrowing 8.5 Borrowing and the Gearing Phenomenon 8.6 Types of Long-Term Debt 8.7 Hybrids 8.8 Worked Example: Bardsey plc 8.9 Summary CHAPTER 9 THE REQUIRED RETURN ON INVESTMENT 9.1 Introduction 9.2 The cost of debt 9.3 The required rate of return when equity and debt are combined 9.4 Worked example 9.5 Gearing and company value 9.6 Is there an optimal gearing ratio? 9.7 Summary CHAPTER 10 HOW TO VALUE COMPANIES 10.1 Introduction 10.2 T

Zusätzliche Informationen

GOR002280461
9780201619041
0201619040
Business Finance:: A Value Based Approach Bill Neale
Bill Neale
Gebraucht - Sehr Gut
Broschiert
Pearson Education (US)
20040212
512
N/A
Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Dies ist ein gebrauchtes Buch. Es wurde schon einmal gelesen und weist von der früheren Nutzung Gebrauchsspuren auf. Wir gehen davon aus, dass es im Großen und Ganzen in einem sehr guten Zustand ist. Sollten Sie jedoch nicht vollständig zufrieden sein, setzen Sie sich bitte mit uns in Verbindung.