Corporate Financial Strategy provides a thorough introduction to bring together organizations' financial and business strategies.
Retaining the popular fundamentals of previous editions, the new edition brings things up to date with an array of new examples and cases, new features such as research references, and new material on financial rescue and behavioural finance. The book also benefits from a lifecycle case study of Vodaphone to aid student understanding.
Postgraduate and advanced undergraduate students of corporate finance, financial strategy and strategic management will find this textbook essential to their studies.
Praise for the previous edition:
'An excellent and accessible overview, placing financial strategy within the broader context of corporate strategy. The book provides a set of practical tools and explains key concepts in a simple manner, employing well-conceived case studies. This text is particularly well-suited to students who aren’t specializing in finance as well as managers looking to understand and improve their organization’s strategy.' — Jon Tucker, Director for Global Finance, University of the West of England, UK
'By far the most readable, practical and, above all, commercial book on the corporate finance. The fact that it’s also so immensely wise throughout makes it ideal for the entrepreneur, the practitioner and the student alike.' — John Gambles, Founder and Chairman, Quadrangle Group
'Ruth has an excellent style as a lecturer and trainer, communicating complex subjects clearly, concisely and accessibly. In this book she has achieved that same quality, the illustration of theory through relevant and contemporary case study brings the subject to life relating it directly to real life situations.' — Simon Bevis, Director of Strategy and Corporate Development. Lafarge Tarmac Ltd, UK
'For anyone either taking their first steps into, or wishing to refresh their knowledge of, Corporate Financial Strategy, this book is a must-read. Difficult concepts are made easier to understand through the clarity of presentation and use of case studies. The author’s enthusiasm for her subject is clear for all to see.' — Rob Edgerton, Group Financial Controller, Innovation Group plc, UK
1. Corporate Financial Strategy: Setting the Context
2. What does the Share Price tell us?
3. Executive Summary: Linking Corporate and Financial Strategies
4. Linking Corporate and Financial Strategies
5. Financial Strategies over the Lifecycle
6. Corporate Governance and Financial Strategy
7. Start-Up Businesses and Venture Capital
8. Growth Companies
9. Mature Companies
10. Declining Businesses: A Case for Euthanasia?
11. Financial Instruments: The Building Blocks
12. Types of Financial Instrument
13. Dividends and Buybacks
14. Valuations and Forecasting
15. Floating a Company
16. Acquisitions and Selling a Business
17. Restructuring a Company
18. Private Equity
19. International Corporate Finance
20. Strategic Working Capital Management
Appendix 1: Review of Theories of Finance
Appendix 2: Valuing Options and Convertibles