{"product_id":"corporate-finance-9781119743767","title":"Corporate Finance","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003eAbout the CFA Institute Investment Series xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Corporate Structures and Ownership 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 1\u003c\/p\u003e \u003cp\u003e2. Business Structures 2\u003c\/p\u003e \u003cp\u003e3. Public and Private Corporations 12\u003c\/p\u003e \u003cp\u003e4. Lenders and Owners 23\u003c\/p\u003e \u003cp\u003e5. Summary 31\u003c\/p\u003e \u003cp\u003e6. Practice Problems 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Introduction to Corporate Governance and Other ESG Considerations 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 36\u003c\/p\u003e \u003cp\u003e2. Stakeholder Groups 36\u003c\/p\u003e \u003cp\u003e3. Principal--Agent and Other Relationships 41\u003c\/p\u003e \u003cp\u003e4. Corporate Governance and Mechanisms to Manage Stakeholder Risks 51\u003c\/p\u003e \u003cp\u003e5. Corporate Governance and Stakeholder Management Risks and Benefits 63\u003c\/p\u003e \u003cp\u003e6. ESG Considerations in Investment Analysis 69\u003c\/p\u003e \u003cp\u003e7. Environmental, Social, and Governance Investment Approaches 73\u003c\/p\u003e \u003cp\u003e8. Summary 77\u003c\/p\u003e \u003cp\u003e9. Practice Problems 79\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Working Capital \u0026amp; Liquidity 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 81\u003c\/p\u003e \u003cp\u003e2. Financing Options 82\u003c\/p\u003e \u003cp\u003e3. Working Capital, Liquidity, and Short-Term Funding Needs 89\u003c\/p\u003e \u003cp\u003e4. Liquidity and Short-Term Funding 95\u003c\/p\u003e \u003cp\u003e5. Measuring Liquidity 99\u003c\/p\u003e \u003cp\u003e6. Evaluating Short-Term Financing Choices 103\u003c\/p\u003e \u003cp\u003e7. Summary 105\u003c\/p\u003e \u003cp\u003e8. Practice Problems 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Capital Investments 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 109\u003c\/p\u003e \u003cp\u003e2. Types of Capital Investments 110\u003c\/p\u003e \u003cp\u003e3. The Capital Allocation Process 114\u003c\/p\u003e \u003cp\u003e4. Investment Decision Criteria 119\u003c\/p\u003e \u003cp\u003e5. Common Capital Allocation Pitfalls 125\u003c\/p\u003e \u003cp\u003e6. Corporate Use of Capital Allocation 126\u003c\/p\u003e \u003cp\u003e7. Real Options 129\u003c\/p\u003e \u003cp\u003e8. Summary 132\u003c\/p\u003e \u003cp\u003e9. Practice Problems 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Capital Structure 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 139\u003c\/p\u003e \u003cp\u003e2. Factors Affecting Capital Structure 140\u003c\/p\u003e \u003cp\u003e3. Capital Structure and Company Life Cycle 151\u003c\/p\u003e \u003cp\u003e4. Modigliani--Miller Propositions 157\u003c\/p\u003e \u003cp\u003e5. Optimal and Target Capital Structures 167\u003c\/p\u003e \u003cp\u003e6. Stakeholder Interests 174\u003c\/p\u003e \u003cp\u003e7. Summary 183\u003c\/p\u003e \u003cp\u003e8. Practice Problems 183\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Measures of Leverage 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 189\u003c\/p\u003e \u003cp\u003e2. Leverage 190\u003c\/p\u003e \u003cp\u003e3. Business and Sales Risks 192\u003c\/p\u003e \u003cp\u003e4. Operating Risk and the Degree of Operating Leverage 194\u003c\/p\u003e \u003cp\u003e5. Financial Risk, the Degree of Financial Leverage and the Leveraging Role of Debt 201\u003c\/p\u003e \u003cp\u003e6. Total Leverage and the Degree of Total Leverage 205\u003c\/p\u003e \u003cp\u003e7. Breakeven Points and Operating Breakeven Points 208\u003c\/p\u003e \u003cp\u003e8. The Risks of Creditors and Owners 211\u003c\/p\u003e \u003cp\u003e9. Summary 213\u003c\/p\u003e \u003cp\u003e10. Practice Problems 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Cost of Capital: Foundational Topics 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 219\u003c\/p\u003e \u003cp\u003e2. Cost of Capital 220\u003c\/p\u003e \u003cp\u003e3. Costs of the Various Sources of Capital 223\u003c\/p\u003e \u003cp\u003e4. Estimating Beta 232\u003c\/p\u003e \u003cp\u003e5. Flotation Costs 237\u003c\/p\u003e \u003cp\u003e6. Methods in Use 239\u003c\/p\u003e \u003cp\u003e7. Summary 240\u003c\/p\u003e \u003cp\u003e8. Practice Problems 241\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Cost of Capital: Advanced Topics 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 249\u003c\/p\u003e \u003cp\u003e2. Cost of Capital Factors 250\u003c\/p\u003e \u003cp\u003e3. Estimating the Cost of Debt 261\u003c\/p\u003e \u003cp\u003e4. The ERP 268\u003c\/p\u003e \u003cp\u003e5. The Cost of Equity (Required Return on Equity) 279\u003c\/p\u003e \u003cp\u003e6. Mini-Case 1 293\u003c\/p\u003e \u003cp\u003e7. Mini-Case 2 299\u003c\/p\u003e \u003cp\u003e8. Practice Problems 300\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Analysis of Dividends and Share Repurchases 303\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Dividends: Forms and Effects on Shareholder Wealth and Financial Ratios 304\u003c\/p\u003e \u003cp\u003e2. Dividend Policy and Company Value: Theories 311\u003c\/p\u003e \u003cp\u003e3. Other Theoretical Issues: Signaling 313\u003c\/p\u003e \u003cp\u003e4. Other Theoretical Issues: Summary 320\u003c\/p\u003e \u003cp\u003e5. Factors Affecting Dividend Policy in Practice 320\u003c\/p\u003e \u003cp\u003e6. Payout Policies 327\u003c\/p\u003e \u003cp\u003e7. Share Repurchases 332\u003c\/p\u003e \u003cp\u003e8. Valuation Equivalence of Cash Dividends and Share Repurchase 338\u003c\/p\u003e \u003cp\u003e9. The Dividend versus Share Repurchase Decision 339\u003c\/p\u003e \u003cp\u003e10. Analysis of Dividend Safety 347\u003c\/p\u003e \u003cp\u003e11. Summary 351\u003c\/p\u003e \u003cp\u003e12. Practice Problems 353\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Business Models \u0026amp; Risks 359\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introductory Context\/Motivation 359\u003c\/p\u003e \u003cp\u003e2. What Is a Business Model? 359\u003c\/p\u003e \u003cp\u003e3. Business Model Types 373\u003c\/p\u003e \u003cp\u003e4. Business Models: Financial Implications 378\u003c\/p\u003e \u003cp\u003e5. Business Risks 383\u003c\/p\u003e \u003cp\u003e6. Macro Risk, Business Risk, and Financial Risk 384\u003c\/p\u003e \u003cp\u003e7. Business Risk: A Closer Look 386\u003c\/p\u003e \u003cp\u003e8. Financial Risk 389\u003c\/p\u003e \u003cp\u003e9. Summary 392\u003c\/p\u003e \u003cp\u003e10. Practice Problems 392\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 The Firm and Market Structures 395\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Analysis of Market Structures 395\u003c\/p\u003e \u003cp\u003e2. Perfect Competition 401\u003c\/p\u003e \u003cp\u003e3. Elasticity of Demand 403\u003c\/p\u003e \u003cp\u003e4. Other Factors Affecting Demand 406\u003c\/p\u003e \u003cp\u003e5. Consumer Surplus: Value Minus Expenditure 408\u003c\/p\u003e \u003cp\u003e6. Supply Analysis, Optimal Price, and Output in Perfectly Competitive Markets 410\u003c\/p\u003e \u003cp\u003e7. Long-Run Equilibrium In Perfectly Competitive Markets 416\u003c\/p\u003e \u003cp\u003e8. Monopolistic Competition 418\u003c\/p\u003e \u003cp\u003e9. Long-Run Equilibrium in Monopolistic Competition 421\u003c\/p\u003e \u003cp\u003e10. Oligopoly and Pricing Strategies 422\u003c\/p\u003e \u003cp\u003e11. The Cournot Assumption 425\u003c\/p\u003e \u003cp\u003e12. The Nash Equilibrium 428\u003c\/p\u003e \u003cp\u003e13. Oligopy Markets: Optimal Price, Output, and Long-Run Equilibrium 431\u003c\/p\u003e \u003cp\u003e14. Monopoly Markets: Demand\/Supply and Optimal Price\/Output 434\u003c\/p\u003e \u003cp\u003e15. Price Discrimination and Consumer Surplus 440\u003c\/p\u003e \u003cp\u003e16. Monopoly Markets: Long-Run Equilibrium 442\u003c\/p\u003e \u003cp\u003e17. Identification of Market Structure 443\u003c\/p\u003e \u003cp\u003e18. Summary 446\u003c\/p\u003e \u003cp\u003e19. Practice Problems 447\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Introduction to Industry and Company Analysis 451\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 452\u003c\/p\u003e \u003cp\u003e2. Uses of Industry Analysis 452\u003c\/p\u003e \u003cp\u003e3. Approaches to Identifying Similar Companies 453\u003c\/p\u003e \u003cp\u003e4. Industry Classification Systems 457\u003c\/p\u003e \u003cp\u003e5. Describing and Analyzing an Industry and Principles of Strategic Analysis 465\u003c\/p\u003e \u003cp\u003e6. External Influences on Industry 480\u003c\/p\u003e \u003cp\u003e7. Company Analysis 489\u003c\/p\u003e \u003cp\u003e8. Summary 493\u003c\/p\u003e \u003cp\u003e9. Practice Problems 496\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 Financial Statement Modeling 501\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 502\u003c\/p\u003e \u003cp\u003e2. Income Statement Modeling: Operating Costs 508\u003c\/p\u003e \u003cp\u003e3. Modeling Operating Costs: Cost of Goods Sold and SG\u0026amp;A 512\u003c\/p\u003e \u003cp\u003e4. Modeling Non-operating Costs and Other Items 520\u003c\/p\u003e \u003cp\u003e5. Balance Sheet and Cash Flow Statement Modeling 525\u003c\/p\u003e \u003cp\u003e6. Building a Financial Statement Model 531\u003c\/p\u003e \u003cp\u003e7. Behavioral Finance and Analyst Forecasts 545\u003c\/p\u003e \u003cp\u003e8. The Impact of Competitive Factors in Prices and Costs 551\u003c\/p\u003e \u003cp\u003e9. Inflation and Deflation 561\u003c\/p\u003e \u003cp\u003e10. Technological Developments 570\u003c\/p\u003e \u003cp\u003e11. Long-Term Forecasting 580\u003c\/p\u003e \u003cp\u003e12. Summary 584\u003c\/p\u003e \u003cp\u003e13. Practice Problems 585\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14 Corporate Restructurings 593\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 593\u003c\/p\u003e \u003cp\u003e2. Corporate Evolution, Actions, and Motivations 594\u003c\/p\u003e \u003cp\u003e3. Evaluating Corporate Restructurings 611\u003c\/p\u003e \u003cp\u003e4. Modeling and Valuation 620\u003c\/p\u003e \u003cp\u003e5. Evaluating Investment Actions 628\u003c\/p\u003e \u003cp\u003e6. Evaluating Divestment Actions 640\u003c\/p\u003e \u003cp\u003e7. Evaluating Restructuring Actions 647\u003c\/p\u003e \u003cp\u003e8. Summary 653\u003c\/p\u003e \u003cp\u003e9. Practice Problems 654\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 15 Environmental, Social, and Governance (ESG) Considerations in Investment Analysis 659\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 659\u003c\/p\u003e \u003cp\u003e2. Ownership Structures and Their Effects on Corporate Governance 660\u003c\/p\u003e \u003cp\u003e3. Evaluating Corporate Governance Policies and Procedures 666\u003c\/p\u003e \u003cp\u003e4. Identifying ESG-Related Risks and Opportunities 670\u003c\/p\u003e \u003cp\u003e5. Evaluating ESG-Related Risks and Opportunities 676\u003c\/p\u003e \u003cp\u003e6. Summary 685\u003c\/p\u003e \u003cp\u003e7. Practice Problems 686\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 16 Intercorporate Investments 689\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction 689\u003c\/p\u003e \u003cp\u003e2. Basic Corporate Investment Categories 690\u003c\/p\u003e \u003cp\u003e3. Investments In Financial Assets: IFRS 9 692\u003c\/p\u003e \u003cp\u003e4. Investments in Associates and Joint Ventures 695\u003c\/p\u003e \u003cp\u003e5. Amortization of Excess Purchase Price, Fair Value Option, and Impairment 700\u003c\/p\u003e \u003cp\u003e6. Transactions with Associates and Disclosure 705\u003c\/p\u003e \u003cp\u003e7. Acquisition Method 709\u003c\/p\u003e \u003cp\u003e8. The Consolidation Process 716\u003c\/p\u003e \u003cp\u003e9. Financial Statement Presentation 722\u003c\/p\u003e \u003cp\u003e10. Variable Interest and Special Purpose Entities 725\u003c\/p\u003e \u003cp\u003e11. Additional Issues in Business Combinations That impair Comparability 729\u003c\/p\u003e \u003cp\u003e12. Summary 730\u003c\/p\u003e \u003cp\u003e13. Practice Problems 731\u003c\/p\u003e \u003cp\u003eGlossary 743\u003c\/p\u003e \u003cp\u003eReferences 757\u003c\/p\u003e \u003cp\u003eAbout the Authors 763\u003c\/p\u003e \u003cp\u003eAbout the CFA Program 769\u003c\/p\u003e \u003cp\u003eIndex 771\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48738365604183,"sku":"9781119743767","price":80.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119743767.jpg?v=1723811979","url":"https:\/\/bookcurl.com\/products\/corporate-finance-9781119743767","provider":"Book Curl","version":"1.0","type":"link"}