Corporate finance Books

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Book SynopsisTable of ContentsPart I 1. Overview of Investment Banking 2. Regulation of the Securities Industry 3. Financings 4. Mergers and Acquisitions 5. Trading 6. Asset Management, Wealth Management and Research 7. Exchanges, Clearing and Settlement and Credit Rating Agencies 8. International Banking 9. Convertible Securities and Innovation 10. Investment Banking Careers, Opportunities and Issues Part II 11. Overview of Hedge Funds 12. Hedge Fund Investment Strategies 13. Shareholder Activism and Impact on Corporations 14. Risk, Regulation and Organizational Structure 15. Hedge Fund Performance and Issues 16. Overview of Private Equity 17. LBO Financial Model 18. Private Equity Impact on Corporations 19. Organization, Compensation, Regulation and Limited Partners 20. Private Equity Issues and Opportunities 21. Private Equity in China Cases 1. Investment Banking in 2008 (A): Rise and Fall of the Bear 2. Investment Banking in 2008 (B): A Brave New World 3. Freeport-McMoran: Financing an Acquisition 4. The Best Deal Gillette Could Get?: Procter & Gamble’s Acquisition of Gillette 5. A Tale of Two Hedge Funds: Magnetar and Peloton 6. Kmart, Sears and ESL: How a Hedge Fund Became One of the World’s Largest Retailers 7. McDonald’s, Wendy’s and Hedge Funds-Hamburger Hedging?: Hedge Fund Activisim 8. Porsche, Volkswagen and CSX: Cars, Trains and Derivatives 9. The Toys "R" Us LBO 10. Cerberus and the U.S. Auto Industry 11. H.J. Heinz M&A Transaction 12. Quintilles IPO Transaction 13. New Case on M&A Transaction Litigation

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Book SynopsisIt is axiomatic that entities which bring together the factors of production play a vital role in any national economy. But, while entrepreneurial ventures may be a source of growth and innovation, they also face many challenges. In particular, access to finance can place particular constraints on a young firmâs ability to flourish and develop. Moreover, entrepreneurial firms are often operated in a haphazard manner; their internal processes are unsystematic. Planning, forecasting, and budgeting processes are either not well developed or, in some cases, non-existent.Now, to help advanced students and researchers make sense of an enormousâand growingâcorpus of scholarship and practical thinking on the principles that underpin entrepreneurial finance, and the many associated issues and controversies that this topic generates, Routledge announces Entrepreneurial Finance, a new addition to its acclaimed Critical Concepts in Finance series. Edited by Darek Klonowski, Professor of Business Administration at Brandon University and a private-equity professional, this four-volume set is a âmini libraryâ that brings together the foundational and the very best cutting-edge research.Furnished with a comprehensive introduction, newly written by the editor, which places the assembled materials in their historical and intellectual context, Entrepreneurial Finance is an essential collection, and is certain to be recognized as a vital one-stop resource.

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Book SynopsisNATIONAL BESTSELLER • The gripping story of Elizabeth Holmes and Theranos—one of the biggest corporate frauds in history—a tale of ambition and hubris set amid the bold promises of Silicon Valley, rigorously reported by the prize-winning journalist. With a new Afterword covering her trial and sentencing, bringing the story to a close.“Chilling ... Reads like a thriller ... Carreyrou tells [the Theranos story] virtually to perfection.” —The New York Times Book ReviewIn 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the next Steve Jobs: a brilliant Stanford dropout whose startup “unicorn” promised to revolutionize the medical industry with its breakthrough device, which performed the whole range of laboratory tests from a single drop of blood. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a

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Book SynopsisMergers and acquisitions occur for many legitimate reasons and should be encouraged as a matter of general policy, yet the resulting increase in the level of market concentration and market strength can lead to concerns that certain âdealsâ may irreparably damage the market structure and create anti-competitive effects. This volume explores the competition concerns arising out of mergers and acquisitions, the reasons for merger control and the fundamental options that face all jurisdictions intent on implementing an effective merger control regime. The volume acts as a guide through the development of merger control law, policy and scholarly thought and includes commentary on each of the key stages of any effective merger control regime. The articles consider the objectives of merger control and the broader political landscape within which mergers take place; the procedural issues in merger control, including jurisdictional matters and due process; the different substantive legal standards incorporated into merger control; the relevant theories of harm and the appropriate treatment of efficiencies; and the use of remedies in merger control. The chosen articles mainly, but not exclusively, focus on the US and EU, and several adopt a cross-disciplinary approach encompassing law, political science and economics.Table of ContentsContents: Introduction; Part I The Objectives of Merger Control: The political economy of merger regulation, Aditi Bagchi; Discretion and politicization in EU competition policy: the case of merger control, Lee McGowan and Michelle Cini; Afterword - did the Canadian Parliament really permit mergers that exploit Canadian consumers so the world can be more efficient?, Stephen F. Ross. Part II Procedural Issues in Merger Review: Extraterritoriality, Conflict and Convergence: Transatlantic turbulence: the Boeing-McDonnell Douglas merger and international competition policy, William E. Kovacic; A role for the WTO in international merger control, Andre Fiebig; Merger control in the European Union and the United States: just the facts, Mats A. Bergman, Malcolm B. Coate, Maria Jakobsson and Shawn W. Ulrick; Notification: Reflections on 20 years of merger enforcement under the Hart-Scott-Rodino Act, William J. Baer; Due Process and Standard of Proof: Good governance in European merger control: due process and checks and balances under review, Herwig C.H. Hofmann; Standard of proof in EC merger proceedings: a common law perspective, David Bailey. Part III Substantive Review: Standard of Review: A new substantive test for EU merger control, Kyriakos Fountoukakos and Stephen Ryan; Goodbye to 'the dominance test'? Substantive appraisal under the new UK and EC merger regimes, Rhodri Thompson; Theories of Harm: Conglomerate mergers and range effects: it's a long way from Chicago to Brussels, William J. Kolasky; A legal and economic consensus? The theory and practice of coordinated effects in EC merger control, Simon Bishop and Andrea Lofaro; Efficiency Considerations: Merger control policy: how to give meaningful consideration to efficiency claims?, Damien Gerard; Demand-side efficiencies in merger control, David S. Evans and A. Jorge Padilla. Part IV Remedies: Behavioural remedies in EC merger control - scope and limitations, Ariel Ezrachi; UK merger remedies under scrutiny, Michael Harker; Name index.

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Book SynopsisAntitrust and competition law is a fast moving area of law and the subject of extensive academic research. The aim of this volume is to select articles as tools for understanding how antitrust and competition law is applied to unilateral conduct which is harmful to the consumer and to the competitiveness of the market. The articles examine the meaning of dominance and monopolisation and show that although legal and economic rules have been developed to establish whether undertakings hold such strong market positions, it is often difficult to determine with certainty that the undertaking being investigated meets the threshold. The various debates on pricing and non-pricing conduct are also represented as are the conflicts that have arisen regarding the exercise of intellectual property rights by powerful undertakings, particularly in the context of the new economies. The volume includes scholarly articles published on both sides of the Atlantic and enables a greater understanding of the application of antitrust and competition law from the point of view of economics and politics.Table of ContentsContents: Introduction; Part I The Meaning of Dominance and Monopolization: Monopolization and abuse of dominance in Canada, the United States, and the European Union: a survey, Brian A. Facey and Danny H. Assaf; The abuse of Hoffman-La Roche: the meaning of dominance under EC competition law, Frances Dethmers and Ninette Dodoo; Market Power: Market definition: an analytical overview, Jonathan B. Baker; Markets without substitutes: substitution versus constraints as the key to market definition, Cento Veljanovski; Assigning market shares, Gregory J. Werden; Application of the concept of barriers to entry under Article 82 of the EC Treaty: is there a case for review?, Oluseye Arowolo; Joint Dominance/Oligopoly: Oligopoly and the antitrust laws: a suggested approach, Richard A. Posner; Considering the oligopoly problem, Craig Callery; Interpreting the boundaries of collective dominance in Article 102 TFEU, Félix E. Mezzanotte. Part II Abuse and Violation: Pricing Practices: Predatory pricing and related practices under Section 2 of the Sherman Act, Phillip Areeda and Donald F. Turner; Exclusionary pricing and price discrimination abuses under Article 82 - an economic analysis, Derek Ridyard; Excessive prices within EU competition law, Liyang Hou; Refusal to Supply: The essential facilities doctrine under US antitrust law, Robert Pitofsky, Donna Patterson and Jonathan Hooks; Harmonizing essential facilities, Spencer Weber Waller and William Tasch; The rise and fall of the essential facility doctrine, Ulf Müller and Anselm Rodenhausen; Margin Squeeze: Margin squeeze abuse, Liam Colley and Sebastian Burnside. Part III Dominance/Monopolization and Intellectual Property Rights: Unilateral refusals to deal in intellectual and other property, Howard A. Shelanski; Challenges of the new economy: issues at the intersection of antitrust and intellectual property, Robert Pitofsky; Antitrust in the new economy, Robert A. Posner; Limiting the scope of Article 82 EC: what can the EU learn from the US Supreme Court's judgment in Trinko in the wake of Microsoft, IMS and Deutsche Telekom?, Damien Geradin; Name index.

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Book SynopsisIntroduces a range of tools for risk evaluation, risk response and risk governance. This book looks at management of risk to operations across industries, professional disciplines and history to help operations risk leaders become aware of the entire landscape of proven experience, not just their own conference room.Table of ContentsAbout the Author Acknowledgements Preface Foreword-Marshall Carter on Plan B Thinking Introduction Touchstones to Keep Focus on Efficiency and Effectiveness 'Been There, Done That'-the Voice of Experience Bringing it Together Part 1. Evaluating Risk 1.1. Lighting up 'Dark Corners' 1.2. Know the Business: evaluating the environment and the enterprise 1.3. The Right Tool for the Right Risk Type 1.4. Seeking Scenarios: providing more power to see-the 'why' and 'what' 1.5. Creating More Robust Scenarios More Easily-the 'how' 1.6. Evaluating Scenario Quality and Avoiding Bias 1.7. Creating Insightful Single Sources of Risk Information 1.8. Capital Estimates: Trips, Traps and Pitfalls 1.9. Capital and Performance Incentives 1.10. Watch for Warnings 1.11. Key Insights for Evaluating Risk Part 2. Responding to Risks 2.1. Responding to Risk: managing options, finding balance, creating levers 2.2. Prioritizing Improvements 2.3. Strengthening the Institution in its Environment 2.4. Improving Control Capability 2.5. Improving Product Management and Fraud Prevention 2.6. Improving IT-related Business Risk Management 2.7. React and Recover-Right Action at the Right Time 2.8. Key Insights for Responding to Risk Part 3. Oversight of Risk Management 3.1. Oversight of Risk Management 3.2. Four Functions of a Governor 3.3. Key Insights for Oversight and Governing Risk Part 4. You in Your Institution 4.1. Overcoming Barriers to Better Risk Management 4.2. Your Questions for the Board of Directors 4.3. Conclusion: your opportunity to make a difference Index

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Book Synopsis14 comprehensive leveraged buyout case studies

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Book SynopsisThe Student Edition of the inside story of private equity dealmaking.Table of ContentsPrefaceAbbreviations and LexiconIntroductionChapter 1. Tricks of the TradePart One. Asset-Shifting: Secondary Buyouts and their Offspring Chapter 2. Gala Coral - Game on!Part Two. Asset-Flipping: Recaps and Quick Flips, or the Art of Making a Quick BuckChapter 3. Hertz - The Need for SpeedChapter 4. Celanese - Rich ChemistryPart Three. Financial Engineering and the Risks Pyramid Chapter 5. TXU - Power StrugglesChapter 6. EMI - Out of TunePart Four. Repurchases or Relapse Buyouts: Seller's RemorseChapter 7. PHS - Washed-upChapter 8. Frans Bonhomme - Down the DrainPart Five. Listing, Delisting, Relisting: On a Fool's ErrandChapter 9. DX Group - Going PostalChapter 10. Debenhams - Debt Never Goes Out Of Fashion Part Six. Private Investments in Public Equity: PIPE Dream or Nightmare?Chapter 11. PagesJaunes - The French DisconnectionChapter 12. Seat Pagine Gialle - The Italian JobPart Seven. PE-backed IPOs: The Search for a PatsyChapter 13. eDreams - Reality Fights BackChapter 14. Foxtons - Timing the MarketPart Eight. Asset-Stripping: Modern-day Creative Destruction Chapter 15. Caesars Entertainment - PE's Version of Strip Poker Part Nine. Trick or TreatEpilogue. Sheriffs and CowboysAcknowledgementsAbout the authorEndnotesIndex

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Book SynopsisThis is the essential book for all who need to know about the new detailed regulations for margining in the European Union and the USA and most of all need to understand the contents of these two credit support annexes so that they can negotiate them safely and confidently.Trade ReviewThe global regulatory pressure to create new standardized documentation for the complicated and arcane process of posting variation margin has been extraordinary. In response, ISDA issued two standard forms of Credit Support Annexes for Variation Margin. Thankfully for neophytes and experts alike, Paul Harding and Abigail Harding have provided a rosetta stone for understanding these new forms and the regulations and regulatory environment surrounding them. This new practice guide provides an articulate, cogent and comprehensive discussion of these issues and the regulations driving their creation, complete with a thorough annotation of each of the provisions in the two 2016 Credit Support Annexes. No derivative documentation specialist or practitioner’s bookshelf will be complete without it. --Christian A Johnson, Dean and Professor of Law, Widener University Commonwealth Law SchoolTable of ContentsThe new regulatory scene for OTC derivatives and collateral The 2016 ISDA Credit Support Annex For Variation Margin (VM) under English Law The 2016 ISDA Credit Support Annex For Variation Margin (VM) under New York Law Important developments since the global financial crisis

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Book SynopsisThis fully revised, updated and expanded edition of the industry standard text takes the reader through the complete life cycle of a syndicated loan. Beginning with the opening phase of mandating a lead bank, Syndicated Lending delves through negotiation, documentation, syndication and closing transactions to conclude with the secondary market.This seventh edition includes new supplements dealing with:regional syndicated loan marketsgrowing regulatory frameworkthe influence of Brexit on the marketthe challenges thrown up by the transition from LIBOR-based pricing to the proposed risk-free rate environment.The practice of syndicated lending is similarly explored in its historical context, by following the ups and downs of this most flexible, and enduring, financial market. Plus, while the market moves toward digitisation, summaries are provided for the leading technology solutions being developed.With practical explanations, reflecting practices developed by the LMA, from borrowers, bankers and investors, this book offers insight from industry professionals with decades of experience as well as detailed examples of pricing methodology. There is also an up-to-date discussion of documentary issues, including annotated term sheets and loan documents, contributed by Clifford Chance.This is the essential guide to the commercial and documentary aspects of syndicated lending for lenders, borrowers, investors, lawyers, regulators and service providers.

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Book SynopsisPlanet VC uncovers the story of how VC went global, transforming cities from Beijing to Bangalore into the techno-hubs of tomorrow.

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Book SynopsisGlen Arnold runs an investment fund and previously held positions as Professor of Finance and Professor of Investing. In addition to the textbook Modern Financial Markets and Institutions, he has authored leading investment and banking books, including The Financial Times Guide to Investment, The FT Guide to Banking, and The FT Guide to Value Investing. Deborah Lewis is a Senior Teaching Fellow at the University of Bath. As a Director of Studies for the Bath MBA programme, featured in the top 100 of the FT Global MBA 2018 Ranking, she ensures the material is useful both for the student and the practitioner. Deborah's previous commercial experience allows her to blend academic theory with professional application.

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Book SynopsisDenzil Watson is a Principal Lecturer, and Antony Head is an Associate Lecturer in the Sheffield Business School at Sheffield Hallam University. They both have extensive experience teaching Corporate Finance, managerial finance, and strategic financial management in a wide range of courses, at undergraduate, postgraduate, and professional levels.

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Book SynopsisJonathan Berk is the AP Giannini Professor of Finance at the Graduate School of Business, Stanford University and is a Research Associate at the National Bureau of Economic Research. Before coming to Stanford, he was the Sylvan Coleman Professor of Finance at Haas School of Business at the University of California, Berkeley. Prior to earning his PhD, he worked as an Associate at Goldman Sachs (where his education in finance really began). Professor Berk's research interests in finance include corporate valuation, capital structure, mutual funds, asset pricing, experimental economics, and labor economics. His work has won a number of research awards including the TIAA-CREF Paul A. Samuelson Award, the Smith Breeden Prize, Best Paper of the Year in The Review of Financial Studies, and the FAME Research Prize. His paper, A Critique of Size-Related Anomalies, was selected as one of the two best papers ever published in The Review of Financial Studies

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Book SynopsisJonathan Berk is the A. P. Giannini Professor of Finance at the Graduate School of Business, Stanford University and is a Research Associate at the National Bureau of Economic Research. Before coming to Stanford, he was the Sylvan Coleman Professor of Finance at the Haas School of Business at the University of California, Berkeley. Prior to earning his PhD, he worked as an Associate at Goldman Sachs (where his education in finance really began). Professor Berk's research interests in finance include corporate valuation, capital structure, mutual funds, asset pricing, experimental economics, and labor economics. His work has won a number of research awards including the Stephen A. Ross Prize in Financial Economics, TIAA-CREF Paul A. Samuelson Award, the Smith Breeden Prize, Best Paper of the Year in The Review of Financial Studies, and the FAME Research Prize. His paper, A Critique of Size-Related Anomalies, was selected as one of the 2 best paper

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Book SynopsisFinance for non-financial managers - succeed with just four numbers.Finance doesn't have to be complicated. This book shows you how to make better, faster, financially sound business decisions using just four numbers.Effective financial management is at the heart of every successful business but it can seem impenetrable to the non-financial manager; littered with spreadsheets, inexplicable charts and intricate formulae, all washed down with swathes of unintelligible jargon. In reality, successful financial management is all about the management of just these four figures.Knowing what these four figures are, how they relate to each other and most importantly, how they can be managed, is the key to financial success. This is what David Meckin calls 'the 4 figure trick'. Almost every major business failure can be pinned down to the ineffective management of at least one of these critical figures.Focusing on just four figures not only makes the world of financial management more accessible to the non-financial manager, it also greatly simplifies the decision-making process. Full of step-by-step guides, examples and illustrations, The 4 Figure Trick reveals a variety of practical managerial strategies that can significantly enhance the financial performance of any business.Trade ReviewAn excellent guide through the world of finance, full of important information. This book is easy to understand for those of us who need to know financials, without having to be an expert. * Keith Mitchell, Partner - Managed Services, Ernst & Young *Demystifies the world of financial management - an essential business companion. This book sets out a simple yet very effective formula for every business leader to engage with and succeed. Highly recommended, particularly if finance is not your natural strength. * Terry Lees, Head of Leadership Development & Learning Events, British Retail Consortium *The 4 Figure Trick takes the mysticism out of financial management, making finance accessible to everyone. An essential and enjoyable read for everyone in business - from shop floor to the board room. * Jacqueline Shorrocks, Head of Higher Education, Fashion Retail Academy *The perfect book for non-financial managers to really comprehend what matters when assessing a business and to help them make better business decisions. * Sarah Andrews, HR & Retail Director, Harrods *The 4 Figure Trick is deceptively simple to read, but it gives financial and non-financial managers alike an unbeatable insight into how to profitably manage a company - or invest in it. * Keith Anderson, Senior Lecturer in Accounting and Finance, University of York *By focussing on just four numbers, here is a book that really does make the mysterious world of Finance accessible to non-Finance individuals. In my view this is a must read for any non-financial manager, regardless of their role, to help and broaden your view as a business leader. * Damian McGloughlin, CEO, Homebase *An accessible insight into one of the most important knowledge areas for anyone working in any business or organisation. Any manager in business will improve their confidence in measuring financial performance and their potential to make the right impact across everything they do. * Michael Nathan, Associate Director - Emerging Talent Lead, Mace Group *A thoroughly readable and instructive book which de-mystifies finance. The 4 Figure Trick provides its readers with a thorough and simple run through of the main principles of finance and financial analysis which should be a reference for those of us in business without a formal background in finance. I recommend this book for all current and aspirant business leaders as a real aid to boost their financial literacy and gain greater fluency in finance, which remains the language of business. * Dominic Schofield, Managing Partner Board & CEO Practice, Korn Ferry *If you feel the urge to doze off, recoil or even flee at the sight of management accounts then this book is for you. I cannot overemphasize how engaging David is as a writer; he does for finance what Bill Bryson has done for science. Let's be honest finance & fun share nothing except a first letter - that was until I read The 4 Figure Trick. * Sonia Chesaux, Director of Learning & Development, EMEA Ralph Lauren *A perfect read for anyone who wants to understand corporate and business finance in jargon-free language. The book explores key aspects of finance management: measuring success, making sense of trade data, the profit-making process and improving performance. Critically, it brings simplicity to the financial management and performance of a business that inspires managers to make more financially sound decisions. * Amy Prendergast, Director of Change, People and Learning, retailTRUST *

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