ESCP Europe

"This book is about corporate finance. It focuses on how companies invest in real assets and how they raise the money to pay for these investments. Financial management is important, interesting, and challenging.[...] This book is derived in part from its sister text 'Principles of corporate finance'. The spirit of the two books is similar. Both apply modern finance to give students a working ability to make financial decisions. However, there are also substantial differences between the two books" - in book preface.

PART ONE: INTRODUCTION --- 1 The firm and the financial manager --- 2 The financial environment --- 3 Accounting and finance --- PART TWO: VALUE --- 4 The time value of money --- 5 Valuing bonds --- 6 Valuing stocks --- 7 Net present value and other investment criteria --- 8 Using discounted cash-flow analysis to make investment decisions --- 9 Project analysis --- PART THREE: RISK --- 10 Introduction to risk, return, and the opportunity cost of capital --- 11 Risk, return, and capital budgeting --- 12 The cost of capital --- PART FOUR: FINANCING --- 13 An overview of corporate financing --- 14 How corporations issue securities --- PART FIVE: CAPITAL STRUCTURE AND DIVIDEND POLICY --- 15 Debt policy --- 16 Dividend policy --- PART SIX: FINANCIAL PLANNING --- 17 Financial statement analysis --- 18 Financial planning --- 19 Working capital management and short-term planning --- PART SEVEN: SHORT-TERM FINANCIAL DECISIONS --- 20 Cash and inventory management --- 21 Credit management and bankruptcy --- PART EIGHT: SELECTED TOPICS --- 22 Mergers, acquisitions, and corporate control --- 23 International financial management --- 24 Options --- 25 Risk management --- PART NINE: CONCLUSION --- 26 What we do and do not know about finance..