Description

“The relationship between finance and strategy is important and…this text makes it a central theme…and should make the subject much more relevant.”  Graham Diggle, Oxford Brookes University

“This text is well written, clear and easy to follow… and innovative in that it provides a link between corporate finance and financial strategy.”  Shishir Malde, Nottingham Trent University 

 

What are the core principles of corporate finance and their links with financial strategy?

What are the tools and techniques of financial decision-making necessary to solve real-life business problems?

How in practice are financial strategies implemented that are appropriate to businesses at each stage of their life cycle?

 

Corporate Finance and Financial Strategy answers these and many more questions. This textbook introduces contemporary financial issues and topics of growing importance such as Islamic finance, corporate governance, and behavioural finance, and discusses reasons for and implications of the current global financial crisis. Along with its accompanying resources, this text is a must for corporate finance and financial strategy undergraduates and postgraduates, MBAs, and those undertaking professional examination courses.

Features

• Glossary of financial terms
• Worked examples and progress checks
• Comprehensive step-by-step worked examples and progress checks with illustrative charts and diagrams are provided throughout every chapter to provide frequent reinforcement and facilitate effective learning.
• Press extracts and mini cases
• The inclusion of contemporary press extracts and mini cases offer insights into real-life business scenarios that highlight the practical application and relevance of topics across a range of companies including Nestlé, Tesco, Barclays, Ericsson, Next, Punch Taverns and BT.
• Case studies and end-of-chapter exercises
• A large range of end-of-chapter exercises and solutions, questions, and discussion points, and 6 major case studies, which provide the opportunity to apply and develop the techniques, analytical skills and judgement acquired from working through each chapter.

Table of Contents

Part I: Corporate Finance
Introduction to Part I and Part II
Chapter 1 The financial environment
Chapter 2 Corporate objectives
Chapter 3 Corporate governance
Chapter 4 Risk, return, and portfolio theory
Chapter 5 Capital structure and the cost of capital
Chapter 6 Capital investment decisions
Chapter 7 Sources of finance and the capital markets
Chapter 8 Financial planning
Case Study I
Chapter 9 Management of working capital
Chapter 10 International operations and investment
Chapter 11 Financial risk management
Case Study II

Part II: Financial Strategy
Introduction to Part II
Chapter 12 The business life cycle and financial strategy
Chapter 13 Financial strategies from start-up to growth
Case Study III
Case Study IV
Chapter 14 Financial strategies from growth to maturity to decline
Case Study V
Chapter 15 Mergers and acquisitions (M&As)
Chapter 16 Financial strategies in M&As
Chapter 17 Reorganisations and restructuring
Case Study VI

Appendices
Appendix 1 Present value tables

 

Web-Exclusive Content:

Web-exclusive chapter on financial analysis

Solutions to selected chapter-end exercises

 

Back Cover

“The relationship between finance and strategy is important and…this text makes it a central theme…and should make the subject much more relevant.”  Graham Diggle, Oxford Brookes University

“This text is well written, clear and easy to follow… and innovative in that it provides a link between corporate finance and financial strategy.”  Shishir Malde, Nottingham Trent University

 

What are the core principles of corporate finance and their links with financial strategy?

What are the tools and techniques of financial decision-making necessary to solve real-life business problems?

How in practice are financial strategies implemented that are appropriate to businesses at each stage of their life cycle?

 

Corporate Finance and Financial Strategy answers these and many more questions. This textbook introduces contemporary financial issues and topics of growing importance such as Islamic finance, corporate governance, and behavioural finance, and discusses reasons for and implications of the current global financial crisis. Along with its accompanying resources, this text is a must for corporate finance and financial strategy undergraduates and postgraduates, MBAs, and those undertaking professional examination courses.

 

Key features

• Glossary of financial terms

• Worked examples and progress checks

Comprehensive step-by-step worked examples and progress checks with illustrative charts and diagrams are provided throughout every chapter to provide frequent reinforcement and facilitate effective learning.

• Press extracts and mini cases

The inclusion of contemporary press extracts and mini cases offer insights into real-life business scenarios that highlight the practical application and relevance of topics across a range of companies including Nestlé, Tesco, Barclays, Ericsson, Next, Punch Taverns and BT.

• Case studies and end-of-chapter exercises

A large range of end-of-chapter exercises and solutions, questions, and discussion points, and 6 major case studies, which provide the opportunity to apply and develop the techniques, analytical skills and judgement acquired from working through each chapter.

 

Tony Davies FCMA CGMA MBA MCMI heads up Lucis Consulting, an international business and financial consultancy and training provider; he formerly held senior financial roles in industry, and lectured finance and accounting at the University of Wales.

Ian Crawford CPFA is a lecturer in accounting and finance at the University of Bath.

 

Please visit www.pearsoned.co.uk/daviestony  to access a comprehensive suite of instructor resources, including an instructors manual with all chapter-end exercise solutions and all case study debriefs, additional case studies and debriefs, PowerPoint presentations featuring all the book illustrations, useful weblinks and an author Q&A.