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Strategy, Value and Risk J. Rogers

Strategy, Value and Risk By J. Rogers

Strategy, Value and Risk by J. Rogers


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Summary

Updated and revised, the third edition frames strategy as delivering firm value in both the short and long term while maintaining a sustainable competitive advantage. These issues are examined through industry evolution, the rise of the information economy, financial analysis, corporate and quantitative finance, and risk management concepts.

Strategy, Value and Risk Summary

Strategy, Value and Risk: A Guide to Advanced Financial Management by J. Rogers

Updated and revised, the third edition frames strategy as delivering firm value in both the short and long term while maintaining a sustainable competitive advantage. These issues are examined through industry evolution, the rise of the information economy, financial analysis, corporate and quantitative finance, and risk management concepts.

Strategy, Value and Risk Reviews

'For the reader looking for a clear and concise introduction to real options, this book hits the spot. While the focus is on real options analysis, Rogers provides a pleasing blend of financial engineering, modern finance, and accounting-based valuation, all with the view of understanding the value from strategies and all under the eye of an informed, experienced practitioner' - Stephen H. Penman, George O. May Professor of Accounting, Columbia Business School, New York, USA

'Real option theory represents an innovative approach to valuation. This book does a sound job of blending theory and practice. The inclusion of case studies is useful. The addition of material on corporate finance theory and financial statement in the Second Edition enhances the utility of the book.' - Satyajit Das, Risk Consultant and author

'Jamie Rogers' compact treatment of real options invites managers to learn the field by studying its stories and successes, with just enough theory to demonstrate the rigor of thought beyond the case studies. No manager can fully understand modern strategy and valuation without some knowledge of real options, and this book provides a strong starting point.' - David C. Shimko, Chief Risk Officer, NewOak Capital, New York, USA

'The idea that options exist in almost every decision scenario is intuitively sensible. What we need to do is recognize them, assess their value and include that value in the decision making process. This concise book effectively gets those two basic ideas over in a manner that can be understood by even the most mathematically-challenges executives.' - Maria Barbera, Innovations E-newsletter

About J. Rogers

JAMIE ROGERS is a consultant based in New York, USA. He has extensive experience in a range of areas that include valuation and risk management in the financial, energy and commodity markets, corporate finance and derivatives.

Table of Contents

List of Figures and Tables Preface Acknowledgements Introduction The external environment Strategy, value and risk References THE EVOLUTION OF STRATEGY, VALUE AND MEASURING RISK Strategy Innovation and the entrepreneur The evolution of industry sectors From corporate planning to shareholder value Strategy and value Appendix - The classification of industry sectors References Value Overview The accounting foundations Stocks and flows Ratio analysis Investments References Risk Investment risk Why manage risk Defining and measuring risk The risk drivers Value and risk References THE ANALYSIS OF PERFORMANCE AND INVESTMENTS The Analysis of Performance Valuation Firm Asset Debt Equity Residual earnings Free cash flows Pro forma analysis References The Analysis of Investments Introduction A corporate software upgrade An energy natural gas power plant Pharmaceutical research and development Growth, adaption and continuity Firm abandonment The sale of corporate real estate assets References QUANTITATIVE ANALYTICS AND METHODS Data Analysis Data and information Time series analysis Volatility The lognormal distribution Which volatility? References Derivatives Futures, forwards and options The replicating portfolio and risk-neutral valuation References Option Pricing Methods A model for asset prices The Black-Scholes formula Numerical techniques References Implementing Derivative Models Spot price models Forward curve models Alternative real options methods Model risk Real option portfolios and complex payoffs References Conclusion and Practical Implications Index

Additional information

NLS9781349351992
9781349351992
1349351997
Strategy, Value and Risk: A Guide to Advanced Financial Management by J. Rogers
New
Paperback
Palgrave Macmillan
2013-01-01
224
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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