ESCP Europe

Readable and usable in style and valuable in approach, this text provides the practical and succinct advice that students and practitioners need, rather than a sole concentration on debate theory, assumptions, or models. Like no other text of its kind, the author applies corporate finance to real companies. The new Third Edition has four real-world core companies to study and follow. Perfected suited for MBA programs corporate finance and equity valuation courses, all business decisions are classified into three groups: the investment, financing, and dividend decisions.

TABLE OF CONTENTS: 1. The foundations 2. The objectives 3. The basics of risk 4. Risk management and hurdle rates in practice 5. Measuring return on investments 6. Estimating side costs and benefits 7. Capital structure: an overview of the financing decision 8. Capital structure: models and applications 9. Capital structure - the financing details 10. The determinants of dividend policy 11. A framework for analyzing dividend policy 12. Basics of valuation.