Finance for Executives: Managing for Value Creation

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.

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.

Claude Viallet (Ph.D., Northwestern University) was emeritus professor of finance at INSEAD. He was visiting professor of finance at the Kellogg School of Management, Northwestern University. 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. Professor Viallet was president of the European Finance Association and published widely in leading academic and professional journals. He also organized, directed, and taught management-development programs in Europe, the United States, Asia and Latin America and provided consulting services to companies around the world.