Now in its 8th edition, Finance for Executives provides a comprehensive overview of the financial practice professionals at executive level are likely to encounter. With its clear and accessible writing style, the text underpins theory with numerous real-world examples from a range of international companies explaining financial management in a modern business environment. In this 8th edition, the authors reiterate their belief that managers should manage their firms resources ethically with the objective of increasing their firms value with a new chapter on sustainability and corporate finance.
Part I: Financial Concepts and Techniques
Chapter
1. Financial Management and Value Creation: An Overview
Chapter
2. The Time Value of Money
Chapter
3. Risk and Return
Part II: Evaluating Business Performance
Chapter
4. Interpreting Financial Statements
Chapter
5. Analyzing Operational Efficiency and Liquidity
Chapter
6. Analyzing Profitability, Risk, and Growth
Part III: Making Investment Decisions
Chapter
7. Using the NPV Rule to Make Value-Creating Investment Decisions
Chapter
8. Alternatives to the Net Present Value Rule
Chapter
9. Identifying and Estimating a Projects Cash Flows
Part IV: Making Financing Decisions
Chapter
10. Valuing Bonds and Common Stocks
Chapter
11. Raising Capital and Paying Out Cash
Chapter
12. Estimating the Cost of Capital
Chapter
13. Designing a Capital Structure
Part V: Making Business Decisions
Chapter
14. Valuing and Acquiring a Business
Chapter
15. Managing Corporate Risk
Chapter
16. Understanding Forward, Futures and Options and their Contribution
to Corporate Finance
Chapter
17. Making International Business Decisions
Chapter
18. Sustainability and Corporate Finance
Chapter
19. Managing for Value Creation
Gabriel Hawawini is an Emeritus Professor of Finance at INSEAD where he held the Henry Grunfeld Chair in Investment Banking and served as Dean. He previously taught at New York University, the City University of New York, Columbia University and the Wharton School of the University of Pennsylvania. He is the author of numerous books and research papers on financial markets and corporate finance. In addition to teaching value-based management seminars around the world, he also sits on the boards of several companies. Claude Viallet was Emeritus Professor of Finance at INSEAD. Before joining INSEAD, he worked as a project manager at a major oil company and as Chief Financial Officer of a service company in Paris. In addition to his tenure at INSEAD, Professor Viallet was a Visiting Professor of Finance at the Kellogg School of Management of Northwestern University. He organized, directed and taught management-development programs and provided consulting services to companies around the world.
