Applied Corporate Finance: A User's Manual (Wiley Frontiers in Finance)
Editorial Reviews
Book Description
Convert Theory into Solutions: A Corporate Finance Reality Check This hands-on guide to corporate finance focuses on converting the theory and models in corporate finance into tools that can be used to analyze, under stand and help any business. Applied Corporate Finance provides a user's perspective to corporate finance, by posing the three major questions that every business has to answer, and then providing the tools and the analytical techniques needed to answer them. The three questions are-
* Where do we invest our resources? (The Investment Decision) The first part of the book looks at how to assess risk and develop a risk profile for a firm, convert this risk profile into a hurdle rate, and develops the basic rules that need to be followed in estimating the returns on any investment.
* How should we fund these investments? (The Financing Decision) Firms generally can use debt, equity or some combination of the two to fund projects. This part of the book examines the relationship between this choice and the hurdle rate to be used in analyzing projects, and presents ways in which the financing decision can be used to maximize firm value. It also sets up a framework for picking the right kind of security for any firm.
* How much cash can and should we return to the owners? (The Dividend Decision) The third part of the book establishes a process that can be used to decide how much cash should be taken out of the business, and in what form - dividends or stock buybacks. The final chapter in the book ties in the value of the firm to these three decisions, and provides insight into how firms can enhance value.
In summary, this is a book about coming up with real solutions to real problems, using real-time data on real companies.
The publisher, John Wiley & Sons
This hands-on guide provides readers the tools they need to turn corporate financial theory into practical financial analysis. It contains proven-effective analysis models and tools and shows readers exactly how to apply what they have learned to any company they choose!
--This text refers to an out of print or unavailable edition of this title.
Applied Corporate Finance: A User's Manual (Wiley Frontiers in Finance)
Applied Corporate Finance: A User's Manual (Wiley Frontiers in Finance),Aswath Damodaran,Wiley,0471330426,Business & Economics,Business / Economics / Finance,Business/Economics,Corporate Finance,Corporations,Finance,Business & Economics / Finance
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