Finance for Executives: Managing for Value Creation, 4th Edition - Hardcover

Hawawini, Gabriel; Viallet, Claude

Hardcover

ISBN 10: 0538751347 ISBN 13: 9780538751346

Publisher: South-Western Cengage Learning, 2010

Synopsis

Ideal for both aspiring managers and experienced executives, the Fourth Edition of FINANCE FOR EXECUTIVES: MANAGING FOR VALUE CREATION illustrates the importance of financial information in maximizing firm value. Respected authors Gabriel Hawawini and Claude Viallet draw on their wealth of business experience to provide a concise, analytically sound introduction to financial management that is neither too simplistic nor too theoretical. In fact, the book masterfully balances a thorough exploration of modern finance principles with a strong practical focus on real-world applications and rigorous analysis, even while avoiding complicated formulas with little value for decision-making. FINANCE FOR EXECUTIVES employs a strong problem-scenario approach to present key concepts within the context of realistic financial management issues that executives commonly face. In addition, a series of integrated case studies analyzes the same set of companies throughout the book to explore concepts in greater depth and reinforce learning. The book also features a highly reader-friendly structure and presentation, with self-contained chapters that make it an invaluable reference and resource. In addition, the Fourth Edition includes extensive updates incorporating the most recent financial data and latest references, as well as a new chapter devoted to managing corporate risk, an essential topic for success in today's high-stakes business environment.

About this title

About the Author:

Gabriel Hawawini (Ph.D., New York University) is emeritus professor of finance at INSEAD, where he served as dean and held the Henry Grunfeld Chair in Investment Banking. He taught finance at New York University, Baruch College, Columbia University, and the Wharton School of the University of Pennsylvania where he received the Helen Kardon Moss Anvil Award for Excellence in Teaching. He is the author of 12 books and more than 70 research papers on financial markets and corporate finance. He teaches value-based management seminars around the world and sits on the boards of several companies.

Review:

PART I INTRODUCTION. 1. Financial Management and Value Creation: An Overview. 2. Understanding Balance Sheets and Income Statements. Part II FINANCIAL DIAGNOSIS AND MANAGEMENT. 3. Assessing Liquidity and Operational Efficiency. 4. Measuring Cash Flows. 5. Diagnosing Profitability, Risk, and Growth. PART III INVESTMENT DECISIONS. 6. Using the Net Present Value Rule to Make Value-Creating Investment Decisions. 7. Alternatives to the Net Present Value Rule. 8. Identifying and Estimating a Project's Cash Flows. Part IV FINANCING DECISIONS. 9. Raising Capital and Valuing Securities. 10. Estimating the Cost of Capital. 11. Designing a Capital Structure. PART V BUSINESS DECISIONS. 12. Valuing and Acquiring a Business. 13. Managing Corporate Risk. 14. Making International Business Decisions. 15. Managing for Value Creation.

About this edition

• Publisher: South-Western Cengage Learning
• Publication date: 2010
• ISBN 10: 0538751347
• ISBN 13: 9780538751346
• Binding: Hardcover
• Edition number: 4
• Number of pages: 672