Financial Markets and Corporate Strategy

Author: David Hillier,Mark Grinblatt,Sheridan Titman

Publisher: McGraw-Hill Europe

ISBN: 9780077129422

Category: Business & Economics

Page: 854

View: 8638

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The second European edition of Financial Markets and Corporate Strategy provides comprehensive coverage of financial markets and corporate finance, brought to life by real world examples, cases and insights. Placed in a truly international context, this new and updated edition takes an academic and practical view-point to guide students through the challenges of studying and practicing finance. Aimed specifically at an international audience, this edition boasts hundreds of references to new and relevant non-US research papers from top finance journals. Whilst retaining the well respected structure of the successful US text, Professor David Hillier has also made a number of additions which include: Fully updated research, data and examples in every chapter. Coverage of the global financial crisis, the impact it made on the financial markets and the lessons being learnt by the finance industry. A stronger emphasis on corporate governance and agency theory. Updates on accounting standards, bankruptcy laws, tax rules and tax systems.

Strategie und Eigentümerstruktur als Determinanten des Finanzmanagements

Eine empirische Untersuchung deutscher Blue Chips

Author: Ralf Berger

Publisher: Rainer Hampp Verlag

ISBN: 3866187556

Category: Business & Economics

Page: 245

View: 9360

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Kapitalstruktur, Liquiditätshaltung und Ausschüttungspolitik börsennotierter Firmen sind seit vielen Jahrzehnten Untersuchungsgegenstand empirischer Forschungsarbeiten. Die vorliegende Arbeit geht der Frage nach, ob sich Zusammenhänge zwischen Strategie und Finanzmanagement sowie Eigentümerstruktur und Finanzmanagement für die im HDAX gelisteten Blue Chips belegen lassen. Der Einfluss der Strategie auf die drei Finanzmanagement-Kenngrößen Verschuldungsgrad, Liquiditätshaltung und Ausschüttungsquote wird anhand konkreter Ansätze der Literatur zum strategischen Management untersucht. Die vorliegende Arbeit analysiert dabei den Zusammenhang zwischen Diversifikations-, Innovations- und Wachstumsstrategie und dem Finanzmanagement erstmals für ein Sample deutscher Unternehmen. Zur Untersuchung des Einflusses der Eigentümerstruktur werden drei konkrete Eigentümergruppen näher betrachtet, die sich aufgrund spezifischer Interessen und Motive deutlich von anderen Aktionären unterscheiden. Treten das Management (z. B. Gründerteams) oder Familien (insbesondere Nachfahren der Gründer) als Großaktionäre auf, so werden diese beiden Gruppen gemeinhin mit einer emotionalen Bindung zum Unternehmen und einem langfristigen Investmenthorizont assoziiert. Private-Equity-Beteiligungsgesellschaften verfolgen dagegen in erster Linie ambitionierte Renditeziele und könnten das Finanzmanagement als Werthebel einsetzen. Bei der Untersuchung der Unternehmen, die zwischen 1994 und 2008 im HDAX geführt wurden (194 Firmen, 1.967 Firmenjahre), bedient sich die Arbeit aktueller ökonometrischer Methoden und berücksichtigt die klassischen Determinanten des Finanzmanagements aus der Corporate-Finance-Literatur. Die Regressionsanalyse ergibt, dass insbesondere eine Innovationsstrategie und eine umfangreiche M&A-Aktivität mit deutlichen Implikationen für das Finanzmanagement verbunden sind. Familienunternehmen weisen einen hohen Verschuldungsgrad auf, der als Ausdruck eines starken Kontrollbedürfnisses der Eigentümer interpretiert wird. Eine hohe Managementbeteiligung zeigt zwar keinen direkten Einfluss auf das Finanzmanagement, jedoch treten bei Interaktion von Managementbeteiligung und Unternehmensstrategie signifikante Zusammenhänge zutage. Diese deuten auf eine hohe Risikoaversion der Eigentümergruppe bei undiversifizierten Unternehmen als auch auf ein ausgeprägtes Kontrollbedürfnis bei starkem Wachstum. Blue Chips unter Private-Equity-Einfluss zeigen dagegen keine Anzeichen, dass ihr Finanzmanagement regelmäßig als Werthebel fungiert.

The Life Cycle of Entrepreneurial Ventures

Author: Simon Parker

Publisher: Springer Science & Business Media

ISBN: 0387323139

Category: Business & Economics

Page: 586

View: 1251

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This book discusses topical issues in entrepreneurship organized around the various stages of venture creation, development and performance. It is arranged in several parts, dealing with the pre-start stage, followed by venture creation, financing ventures, venture development, and venture performance. Each part contains several chapters written by experts in the relevant field. The multi-disciplinary flavor of the book is complemented by its international evidence base, featuring results from a range of different countries. The book will help researchers and practitioners who want to pinpoint the key points emerging from the latest academic thinking.

Essentials of Corporate Financial Management

Author: Glen Arnold

Publisher: Pearson Education

ISBN: 9780273705086

Category: Business enterprises

Page: 514

View: 4580

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This text on corporate financial management covers topics such as project appraisal, risk and project appraisal, equity capital, debt finance, value-based management, capital structure, and dividend policy.

Corporate Financial Management

Author: Glen Arnold

Publisher: Pearson Education

ISBN: 9780273710417

Category: Business & Economics

Page: 996

View: 9609

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This work provides an up-to-date picture of recent theoretical re-evaluations, exploring the theory underpinning corporate finance and the gap between academic finance theory and real-world practice.

Commercial and Investment Banking and the International Credit and Capital Markets

A Guide to the Global Finance Industry and Its Governance

Author: Brian Scott-Quinn

Publisher: Palgrave Macmillan

ISBN: 0230370470

Category: Business & Economics

Page: 469

View: 9908

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Written by a former practitioner, this book fills a clear gap in the current literature for a practice-focused text that brings together the organizational structure, economics and governance of the finance industry – investment banking, wholesale banking and asset management - with the functions it performs such as mergers and acquisitions, IPOs, private equity, hedge funds, high frequency trading and the structuring of cash and synthetic ETFs and CDOs. It integrates the credit and capital markets by considering securitization as a "conversion" process between the two markets and money market mutual funds as a capital market alternative to bank deposits offered in the credit market. It analyzes the societal value of the industry as well as market and regulatory failure leading to crisis and hence the need for more appropriate governance structures and disciplining and control mechanisms for both banks and sovereign groupings such as the eurozone.

Strategisches Management

Eine Einführung

Author: Gerry Johnson,Richard Whittington,Kevan Scholes,Duncan Angwin,Patrick Regnér

Publisher: N.A

ISBN: 9783868942521

Category:

Page: 750

View: 630

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Bad Boys, Bad Girls, Big Money

Roman

Author: Michelle Miller

Publisher: Manhattan

ISBN: 3641180074

Category: Fiction

Page: 480

View: 1894

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Todd Kent ist jung, ehrgeizig und auf dem Weg an die Spitze der Wall Street. Als er ausgewählt wird, das Unternehmen einer populären Dating-App namens HOOK an die Börse zu bringen, wittert er den Deal seines Lebens. Bisher war HOOK für ihn nur ein schneller Weg zu sexuellen Abenteuern, jetzt könnte es ihn reich machen. Sehr reich. Todd und sein Team – die übereifrige Neha, der Partyboy Beau und Todds Exfreundin Tara Taylor – tun alles, um das 14-Milliarden-Dollar-Geschäft einzufädeln. Für Tara könnte sich sogar der Traum erfüllen, in der Machowelt der Wall Street den Aufstieg zu schaffen. Aber das Vorhaben ist hochriskant. Denn HOOK ist mehr als eine Partnerbörse. Es kann zur tödlichen Falle werden. Und wenn das bekannt wird, gerät der gigantische Deal ins Wanken ...

Corporate Strategy

Author: Richard L. Lynch

Publisher: Prentice Hall

ISBN: N.A

Category: Business & Economics

Page: 830

View: 6754

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A resource that guides students through the rational and emergent approaches to strategic management. With references and 27 cases, this work aims to ensure that students will actively learn the core topics and how to apply them in practice.

Multinational Business Finance

Author: David K. Eiteman,Arthur I. Stonehill,Michael H. Moffett

Publisher: Pearson

ISBN: 0133880109

Category: Business & Economics

Page: 784

View: 3298

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For courses in International Finance. Authoritative, Comprehensive Coverage of Contemporary International Finance Renowned for its authoritative, comprehensive coverage of contemporary international finance, Multinational Business Finance trains the leaders of tomorrow’s multinational enterprises to recognize and capitalize on the unique characteristics of global markets. Because the job of a manager is to make financial decisions that increase firm value, the authors have embedded real-world mini-cases throughout to apply chapter concepts to the types of situations managers of multinational firms face. The Fourteenth Edition, now with MyFinanceLab, attempts to capture the rapid evolution of our global marketplace, taking a closer look at the types of organizations that permeate the widespread arena, competition and opportunities in emerging markets, and how financial leadership can integrate the strategic and financial challenges that global businesses face today. Also Available with MyFinanceLab® This title is available with MyMathLab–an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts. Note: You are purchasing a standalone product; MyFinanceLab does not come packaged with this content. MyFinanceLab is not a self-paced technology and should only be purchased when required by an instructor. Students, if interested in purchasing this title with MyMathLab, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information. If you would like to purchase both the physical text and MyFinanceLab, search for: 0134077318 / 9780134077314 Multinational Business Finance Plus MyFinanceLab with Pearson eText -- Access Card Package, 14/e Package consists of: 0133879879 / 9780133879872 Multinational Business Finance 0133917487 / 9780133917482 MyFinanceLab with Pearson eText -- Access Card -- for Multinational Business Finance

Benn's Media

Author: CMP Information,Miller Freeman Technical plc

Publisher: N.A

ISBN: N.A

Category: Mass media

Page: N.A

View: 2929

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Financial Literacy in Europe

Assessment Methodologies and Evidence from European Countries

Author: Gianni Nicolini

Publisher: Routledge

ISBN: 0429777566

Category: Business & Economics

Page: 284

View: 7817

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Are people ready to take pivotal financial decisions like choosing a mortgage, saving for retirement, or investing their savings? How does the degree of knowledge about financial products and services affect the quality of their choices? Can financial fraud be prevented by increasing consumer financial knowledge? Financial Literacy in Europe addresses these important questions and more. In the first part, the author investigates the concept of financial literacy by analyzing its components and comparing different definitions from previous studies. This then forms a comprehensive measure of financial literacy to be applied in empirical studies that analyze the role of financial literacy in explaining consumers’ financial behaviors. In the second part of the study, the author uses brand new data collected by the Consumer Finance Research Center (CFRC) from several European countries (the UK, Germany, France, Italy, Sweden, and Spain) to assess financial literacy in Europe and highlight similarities and differences across countries. Filling an important gap in previous research, the author develops a rigorous approach in the measurement of financial literacy in order to examine European financial literacy issues in great detail. This book, therefore, is a useful resource for assessing the effectiveness of single financial education programs or planning national strategies on financial education. It can also support policy makers in developing financial regulation and consumer protection strategies, considering the consumer perspective and their ability to deal with financial markets and institutions.

Valuation

Measuring and Managing the Value of Companies

Author: McKinsey & Company Inc.,Tim Koller,Marc Goedhart,David Wessels

Publisher: John Wiley & Sons

ISBN: 0471738964

Category: Business & Economics

Page: 528

View: 8132

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Hailed by financial professionals worldwide as the single best guide of its kind, Valuation, Fourth Edition is thoroughly revised and expanded to reflect business conditions in today's volatile global economy. Valuation provides up-to-date insights and practical advice on how to create, manage, and measure an organization's value. Along with all-new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect the events of the Internet bubble and its effect on stock markets, new developments in academic finance, changes in accounting rules (both U. S. and IFRS), and an enhanced global perspective. This edition contains the solid framework that managers at all levels, investors, and students have come to trust.

Raising Venture Capital Finance in Europe

A Practical Guide for Business Owners, Entrepreneurs and Investors

Author: Keith Arundale

Publisher: Kogan Page Publishers

ISBN: 0749452021

Category: Business & Economics

Page: 336

View: 3440

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European private equity investment reached €47 billion in 2005, up 27% from 2004. Funds raised for private equity were €72 billion, up 250% on the previous year, both figures being all time highs. Raising Venture Capital Finance in Europe provides business owners, entrepreneurs and investors alike with a step-by-step approach to exploiting this market and funding new projects effectively. Written by Keith Arundale, an advisor and commentator on the European and US VC and private equity industry for over 20 years, the guide blends business experience with practical approaches to enable the reader to maximize the opportunities available. The book includes a series of real-life case studies from venture capitalists and entrepreneurs from around Europe, each with practical tips for successful venture capital finance raising. With forewords from Sir Paul Judge (Chairman, Enterprise Education Trust) and Patrick Sheehan (Chairman, Venture Capital Committee, European Private Equity and Venture Capital Association) the book begins with a brief introduction to the field, including an analysis of current trends and issues in the industry, and goes on to provide a detailed framework for an objective assessment of each business opportunity. The book looks at sources of finance and private equity, shows how to write a successful business plan, details the entire investment process, and considers the tax and legal issues involved. A particular feature of the book is that it looks at the topic from both sides - showing what the venture capitalist is looking for as well as detailing how an entrepreneur or business owner can make proposals attractive to those investors This means that the reader will be able to minimize time wasted on unnecessary activities and therefore develop investment approaches which are succinct, relevant, and give every chance of success.

British Book News

Author: N.A

Publisher: N.A

ISBN: N.A

Category: Best books

Page: N.A

View: 3953

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Includes no. 53a: British wartime books for young people.

Red Notice

Wie ich Putins Staatsfeind Nr. 1 wurde

Author: Bill Browder

Publisher: Carl Hanser Verlag GmbH Co KG

ISBN: 3446443193

Category: Political Science

Page: 410

View: 4455

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Moskau nach dem Zerfall der Sowjetunion: Die Oligarchen sichern sich die Pfründe und machen ein Vermögen. Der Amerikaner Bill Browder nutzt die Gunst der Stunde und investiert in aufstrebende Unternehmen. Doch dann kommt er Putin und seiner Politik in die Quere: Er wird erpresst, verfolgt und bedroht. In einem Rechtsstaat kann man sich dagegen wehren. Aber nicht in einem Russland, wo Willkür und Tyrannei herrschen. Browders Anwalt Sergej Magnitski wird unter fadenscheinigen Vorwänden inhaftiert, gefoltert und schließlich im Gefängnis erschlagen. Aber Bill Browder gibt nicht auf. Als Menschenrechtsaktivist macht er international Druck auf Putin. Eine wahre Geschichte – packend geschrieben wie ein Thriller.

Men, Women, and Money

Perspectives on Gender, Wealth, and Investment 1850-1930

Author: David R. Green

Publisher: Oxford University Press

ISBN: 0199593760

Category: Business & Economics

Page: 308

View: 674

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There has been considerable research into the growth of limited companies in Great Britain in the 19th century, but not much is known about their investors, both men and women. This interdisciplinary book, based on new research, investigates the identity and behaviour of these investors