Strategic Financial Management
Publisher: Bookboon
Published: 2013
ISBN-13: 9788776814250
Table of contents: title: PART ONE: AN INTRODUCTION; title: Finance – An Overview; title: Financial Objectives and Shareholder Wealth; title: Wealth Creation and Value Added; title: The Investment and Finance Decision; title: Decision Structures and Corporate Governance; title: The Developing Finance Function; title: The Principles of Investment; title: Perfect Markets and the Separation Theorem; title: Summary and Conclusions; title: Selected References; title: PART TWO: THE INVESTMENT DECISION; title: Capital Budgeting Under Conditions of Certainty; title: The Role of Capital Budgeting; title: Liquidity, Profitability and Present Value; title: The Internal Rate of Return (IRR); title: The Inadequacies of IRR and the Case for NPV; title: Summary and Conclusions; title: Capital Budgeting and the Case for NPV; title: Ranking and Acceptance Under IRR and NPV; title: The Incremental IRR; title: Capital Rationing, Project Divisibility and NPV; title: Relevant Cash Flows and Working Capital; title: Capital Budgeting and Taxation; title: NPV and Purchasing Power Risk; title: Summary and Conclusions; title: The Treatment of Uncertainty; title: Dysfunctional Risk Methodologies; title: Decision Trees, Sensitivity and Computers; title: Mean-Variance Methodology; title: Mean-Variance Analyses; title: The Mean-Variance Paradox; title: Certainty Equivalence and Investor Utility; title: Summary and Conclusions; title: Reference; title: PART THREE: THE FINANCE DECISION; title: Equity Valuation and the Cost of Capital; title: The Capitalisation Concept; title: Single-Period Dividend Valuation; title: Finite Dividend Valuation; title: General Dividend Valuation; title: Constant Dividend Valuation; title: The Dividend Yield and Corporate Cost of Equity; title: Dividend Growth and the Cost of Equity; title: Capital Growth and the Cost of Equity; title: Growth Estimates and the Cut-Off Rate; title: Earnings Valuation and the Cut-Off Rate; title: Summary and Conclusions; title: Selected References; title: Debt Valuation and the Cost of Capital; title: Capital Gearing (Leverage): An Introduction; title: The Value of Debt Capital and Capital Cost; title: The Tax-Deductibility of Debt; title: The Impact of Issue Costs; title: Summary and Conclusions; title: Capital Gearing and the Cost of Capital; title: The Weighted Average Cost of Capital (WACC); title: WACC Assumptions; title: The Real-World Problems of WACC Estimation; title: Summary and Conclusions; title: Selected Reference; title: PART FOUR: THE WEALTH DECISION; title: Shareholder Wealth and Value Added; title: The Concept of Economic Value Added (EVA); title: The Concept of Market Value Added (MVA); title: Profit and Cash Flow; title: EVA and Periodic MVA; title: NPV Maximisation, Value Added and Wealth; title: Summary and Conclusions; title: Selected References