Strategic corporate finance: applications in valuation and capital structure
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Bibliographische Detailangaben
1. Verfasser: Pettit, Justin (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Hoboken, N.J. John Wiley & Sons ©2007
Schriftenreihe:Wiley finance series
Schlagworte:
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Beschreibung:Series from jacket
Includes bibliographical references (pages 268-275) and index
Cover -- TOContents -- Preface -- List of Figures -- List of Tables -- Acknowledgments -- About the Author -- Part I: Managing the Left-Hand Side of the Balance Sheet -- The Cost Of Capital / CHhapter 1 -- Fix: Finding Your Sources of Value / CALCULATION PITFALLS. MARKET RISK PREMIUM (MRP). TOWARD A BETTER BETA. THE "RISKLESS RATE". THE COST OF DEBT. GLOBAL CAPITAL COSTS. WACC AND HURDLE RATES. CHhapter 2 -- Sell: Creating Value Through Divestiture / WHY SHAREOWNER VALUE?. PERFORMANCE MEASUREMENT PITFALLS. MEASURING ECONOMIC PROFIT AND VALUE. ANALYZING THE CORPORATE PORTFOLIO. INCORPORATING THE COST OF CAPACITY. VALUE-BASED STRATEGIES AND TACTICS. MANAGING FOR VALUE. BALANCING PERFORMANCE WITH VALUE. CHhapter 3 -- MOTIVES FOR DIVESTITURE. ALTERNATIVE METHODS OF DISPOSITION. WHAT WORKS BEST FOR WHOM?. WHAT HAPPENS LONGER TERM?. PRACTICAL IMPEDIMENTS TO DIVESTITURE. FINANCIAL POLICY CONSIDERATIONS. TAX CONSIDERATIONS AND STRUCTURAL REFINEMENTS. CHhapter 4: Grow: How To Make M & A Pay / DIVESTITURE CREATES VALUE. SOURCES OF VALUE -- Cash and The Optimal Capital Structure / M & A TODAY. TRANSACTIONS THAT CREATE VALUE. M & A FACT AND FALLACY. RX FOR THE "CONGLOMERATE DISCOUNT". EVA AND M & A. HOW "SERIAL ACQUIRERS" CREATE VALUE. FINANCIAL POLICY CONSIDERATIONS. FINANCING GROWTH. CHhapter 5 -- Managing the Right-Hand Side of the Balance Sheet / TRENDS AND IMPLICATIONS. HOW MUCH IS TOO MUCH?. THE COSTS AND BENEFITS OF EXCESS CASH. HOW THE MARKET VIEWS EXCESS CASH. OPTIMAL CAPITAL ALLOCATION. Part II -- An Executive's Guide to Credit Ratings / CHhapter 6 -- TREATMENT OF PENSION AND POSTRETIREMENT LIABILITIES. MULTIVARIATE CREDIT MODELS. INDUSTRY CONSIDERATIONS. CASE STUDY: PROPERTY AND CASUALTY INSURANCE. APPLICATION ISSUES. HOW TO MANAGE YOUR AGENCIES. CASE STUDY: ILLUSTRATION OF SECURED AND UNSECURED NOTCHING. CH / TRENDS AND IMPLICATIONS. EMPIRICAL EVIDENCE. LIMITATIONS OF QUANTITATIVE CREDIT ANALYSIS. WHAT METRICS MATTER MOST?. CASE STUDY.
Chapter 7: Today's Optimal Capital Structure -- DOES TECH NEED DEBT?. CHhapter 8: Dividends and Buybacks: Calibrating Your Shareholder Distributions / VALUE-BASED FINANCIAL POLICY. LESS DEBT IS NOW "OPTIMAL". EXTEND DURATION WHEN RATES ARE LOW. MAINTAIN FINANCIAL LIQUIDITY TO "INSURE" YOUR EQUITY. A NEW PERSPECTIVE ON EQUITY. CASE STUDY -- The Stock Liquidity Handbook / THE CASH PROBLEM. DIVIDENDS ARE BACK. HOW DIVIDENDS AND BUYBACKS CREATE VALUE. SHOULD YOU INCREASE YOUR DIVIDEND?. HOW LARGE SHOULD YOUR BUYBACK PROGRAM BE?. HOW TO EXECUTE YOUR SHARE REPURCHASE PROGRAM. CHhapter 9 -- Managing the Enterprise / MEASURING STOCK LIQUIDITY. THE "LIQUIDITY DISCOUNT". IMPLICATIONS OF STOCK ILLIQUIDITY. SOLUTIONS TO ILLIQUIDITY. STOCK SPLITS. Part III -- Strategic Risk Management: Where ERM Meets Optimal Capital Structure / CHhapter 10 -- THE VALUE OF RISK MANAGEMENT. MAPPING AND MODELING RISK. MANAGING TO A BENCHMARK. EXTERNAL CONSIDERATIONS AND CONSTRAINTS. ERM CASE.
Essential guidance for the corporate finance professional -- advisor, Board Director, CFO, Treasurer, business development executive, or M & A expert--to ask the right questions and make the critical decisions. Strategic Corporate Finance is a practical guide to the key issues, their context, and their solutions
Beschreibung:1 Online-Ressource (xix, 284 pages)
ISBN:9780470106570
0470106573

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