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Corporate Finance Pierre Vernimmen

Corporate Finance par Pierre Vernimmen

Corporate Finance Pierre Vernimmen


€11.00
État - État d'usage
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Résumé

Covers the theory and practice of corporate finance from a truly European perspective. This book shows how to use financial theory to solve practical problems. It covers the basics of financial analysis, theoretical knowledge that you will need to value a firm, and the major types of financial securities: equity, debt and options.

Corporate Finance Résumé

Corporate Finance: Theory and Practice Pierre Vernimmen

"Corporate Finance: Theory and Practice" covers the theory and practice of corporate finance from a truly European perspective. It shows how to use financial theory to solve practical problems and is written for students of corporate finance and financial analysis and practicing corporate financiers. "Corporate Finance" is split into four sections and covers the basics of financial analysis; the basic theoretical knowledge that you will need to value a firm; the major types of financial securities: equity, debt and options and finally financial management which shows you how to organize a company's equity capital, buying and selling companies, M&A, bankruptcy and cash flow management.The key features include: a section on financial analysis - a corporate financier must understand a company based on a detailed analysis of its accounts. Large numbers neglected this approach during the last stock market bubble and were caught in the crash that inevitably followed. How many investors took the trouble to read Enron's annual report? Those who did found that it spoke volumes! This book contains: end of chapter summary, questions and answers, glossary, and, European case studies; a supporting Website with free access to statistics, a glossary and lexicon; articles, notes on financial transactions, basic financial figures for more than 10,000 European and US listed companies, thesis topics, a bibliography; case studies, Q&A; and, a letter box for your questions to the authors - a reply guaranteed within 72 hours!It includes a free monthly newsletter on Corporate Finance sent out to subscribers to the site. The book, the website and the newsletter are all written and created by an author team who are both investment bankers/corporate financiers and academics.'Impressive book for finance professionals - probably the best recently published corporate finance book with a truly European emphasis. The balance between theory and practice makes this book an excellent tool for Investment Bankers and other finance professionals, as it covers both basic as well as more sophisticated topics. Particularly impressive is their commitment to continuously updating material, as well as the regular publication of a newsletter containing timely articles on various current finance topics. The possibility of asking questions to the authors and effectively receiving in-depth answers for free is a very valuable feature. I sincerely recommend this text - Amazon.co.uk 31 October 2005.'An excellent book for all business students - for a few months already, the website had been helping me for my finance class, as well as the monthly newsletter. I finally bought the book, and I have not been disappointed: the style is clear, very practical; theories are mixed with real cases, which makes them easy to understand. Valuation techniques are well explained (discounted cash flow methods, methods based on ratios). Fundamental concepts (accounting, finance, financial markets) are recalled in the first part; when more complex concepts are tackled (investment analysis, LBOs, capital structure...), they are explained with lots of simplicity and conciseness. I recommend this book for every student in management or finance!' - Amazon.co.uk 30 July 2005.

À propos de Pierre Vernimmen

Pascal Quiry is an adjunct finance teacher in the leading French business school HEC Paris, and a managing director at BNP Paribas Corporate Finance, specialising in M&A transactions for listed companies. Maurizio Dallocchio is the current Dean of the leading Italian business school Bocconi (Milan) and Lehman Brothers chair of Corporate Finance. He is also a board member of several listed and unlisted companies and is one of the most distinguished Italian authorities on finance. Yann Le Fur is a corporate finance teacher at HEC Paris business school and an investment banker with Mediobanca in Paris (after several years with Schroders and Citigroup). Antonio Salvi is an Assistant Professor of Finance at Bocconi and the University of Venice where he teaches corporate finance. His areas of research cover cost of capital, structure of debt finance and corporate governance. Pierre Vernimmen who died in 1996, was both an M&A dealmaker (he advised Louis Vuitton on its merger with Moet Henessy to create LVMH, the world luxury goods leader) and a finance teacher at HEC Paris. His book, Finance d'Entreprise, was and still is the top selling financial textbook in French speaking countries and is the forebear of Corporate Finance: Theory and European Practice.

Sommaire

Foreword by Richard Roll.Preface.List of Frequently Used Symbols.1. What is corporate finance?Section I: Financial analysis.PART ONE: FUNDAMENTAL CONCEPTS IN FINANCIAL ANALYSIS.2. Cash flows.3. Earnings.4. Capital employed and invested capital.5. Walking through from earnings to cash flow.6. Getting to grips with consolidated accounts.7. How to cope with the most complex points in financial accounts.PART TWO: FINANCIAL ANALYSIS AND FORECASTING.8. How to perform a financial analysis.9. Margin analysis: Structure.10. Margin analysis: Risks.11. Working capital and capital expenditures.12. Financing.13. Return on capital employed and return on equity.14. Conclusion of financial analysis .Section II: Investment analysis.PART ONE: INVESTMENT DECISION RULES.15. The financial markets.16. The time value of money and net present value (NPV).17. The internal rate of return (IRR).18. Incremental cash flows and other investment criteria.19. Measuring value creation.20. Risk and investment analysis.PART TWO: THE RISK OF SECURITIES AND THE COST OF CAPITAL21. Risk and return.22. The cost of equity.23. From the cost of equity to the cost of capital.24. The term structure of interest rates.Section III: Corporate financial policies.PART ONE: FINANCIAL SECURITIES. 25. Enterprise value and financial securities.26. Bonds.27. Other debt products.28. Shares.29. Options.30. Hybrid securities.31. Selling securities.PART TWO: CAPITAL STRUCTURE POLICIES.32. Value and corporate finance.33. Capital structure and the theory of perfect capital markets.34. The trade-off model.35. Debt, equity and options theory.36. Working out details: the design of the capital structure.PART THREE: EQUITY CAPITAL AND DIVIDEND POLICIES.37. Internal financing: reinvesting cash flow.38. Returning value to shareholders: dividend policies.39. Capital increases.Section IV: Financial management.PART ONE: VALUATION AND FINANCIAL ENGINEERING.40. Valuation.41. Choice of corporate structure.42. Taking control of a company.43. Mergers and demergers.44. LBOs.45. Bankruptcy and restructuring.PART TWO: MANAGING NET DEBT AND FINANCIAL RISKS.46. Managing cash flows.47. Asset-based financing.48. Managing financial risks.Appendices.Glossary.Index.Vernimmem.comCribsheet.

Informations supplémentaires

GOR007252528
9780470092255
0470092254
Corporate Finance: Theory and Practice Pierre Vernimmen
Occasion - État d'usage
Broché
John Wiley and Sons Ltd
2005-06-17
1056
N/A
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