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Financial Markets and Corporate Strategy: European Edition, 3e - David Hillier, Mark Grinblatt, Sheridan Titman

Financial Markets and Corporate Strategy: European Edition, 3e

Buch | Softcover
2023 | 3rd edition
McGraw-Hill Education (UK) Ltd (Verlag)
978-1-5268-4949-6 (ISBN)
CHF 113,45 inkl. MwSt
The global pandemic restrictions, climate change, geopolitical tensions, and new artificial technologies have fundamentally impacted international financial markets and corporate strategy. Traditional finance theories have been questioned and their application to corporate decision-making has come under scrutiny like never before.

The third edition of Financial Markets and Corporate Strategy provides students with comprehensive and engaging discussions on the strategic challenges facing companies and their financial decisions.  Brought to life by real-world examples, international cases and insights from recent research, it guides students through the challenges of studying and practising finance from both an academic and practical viewpoint.

Key Features:

·       Fully updated research of the most important topics, data and examples in every chapter.

·       Coverage of the impact of climate change, Brexit, the economic growth of China, and new financial technologies

·       A stronger emphasis on sustainability, ethics, and corporate governance.

·       Updates on accounting standards, bankruptcy laws, tax rules and tax systems.




David Hillier is Professor of Finance, Executive Dean of Strathclyde Business School, and Associate Principal of the University of Strathclyde.

Mark Grinblatt is the J. Clayburn LaForce Professor of Finance at the UCLA Anderson School of Management

Sheridan Titman is Professor of Finance at the McCombs School of Business.

David Hillier is Professor of Finance at the University of Strathclyde, teaches regularly in development programs for executives and has taught courses for a wide variety of professional clients, including the World Bank and the National Health Service in the UK. It is part of the editorial board of several international journals of finance. University of California at Los Angeles, Ph.D. Yale Mark Grinblatt is Professor of Finance at UCLA’s Anderson School, where he currently serves as chair of the Finance area, and where he began his career in 1981. He is also a director on the board of Salomon Swapco, Inc., a consultant to numerous firms, and serves as an associate editor of Journal of Financial and Quantitative Analysis. From 1987 to 1989, Professor Grinblatt was a visiting professor at the Wharton School and while on leave from UCLA in 1989 and 1990, he was a vice-president for Salomon Brothers, Inc., valuing complex derivatives for the fixed income arbitrage trading group in the firm. Professor Grinblatt is a noted teacher at UCLA, having been awarded teacher of the year in 1993 for UCLA’s Fully-Employed MBA Program by a vote of the students. This award was based on his teaching of a course designed around early drafts of this textbook. Professor Grinblatt’s areas of expertise include investments, performance evaluation of fund managers, fixed income markets, corporate finance and derivatives. The Walter W. McAllister Centennial Chair in Financial Services at the University of Texas. He is also a research associate of the National Bureau of Economic Research and a consultant to a number of firms. Professor Titman began his academic career in 1980 at UCLA, where he served as the department chair for the finance group and as the vice chairman of the UCLA management school faculty. He designed executive education programs in corporate financial strategy at UCLA and the Hong Kong University of Science and Technology, based on material developed in this book.

Part 1: Financial Markets and Financial Instruments
Chapter 1 Raising Capital: The Process and Players 
Chapter 2Debt Financing 
Chapter 3Equity Financing
 
Part 2: Valuing Financial Assets


Chapter 4Portfolio Tools
Chapter 5Mean-Variance Analysis and the Capital Asset Pricing Model
Chapter 6Factor Models and the Arbitrage Pricing Theory
Chapter 7Pricing Derivatives
Chapter 8Options


Part 3: Valuing Real Assets


Chapter 9Discounting and Valuation
Chapter 10Investing in Risk-Free Projects
Chapter 11Investing in Risky Projects
Chapter 12Allocating Capital and Corporate Strategy
Chapter 13Corporate Taxes and the Impact of Financing on Real Asset Valuation


Part 4: Capital Structure


Chapter 14How Taxes Affect Financing Choices
Chapter 15How Taxes Affect Dividends and Share Repurchases
Chapter 16Bankruptcy Costs and Debt Holder–Equity Holder Conflicts
Chapter 17Capital Structure and Corporate Strategy


Part 5: Incentives, information, and corporate control


Chapter 18How Managerial Incentives Affect Financial Decisions
Chapter 19The Information Conveyed by Financial Decisions
Chapter 20Mergers and Acquisitions


Part 6: Risk Management


Chapter 21Risk Management and Corporate Strategy
Chapter 22The Practice of Hedging
Chapter 23Interest Rate Risk Management 

Erscheinungsdatum
Sprache englisch
Maße 197 x 263 mm
Gewicht 1440 g
Themenwelt Wirtschaft Betriebswirtschaft / Management
ISBN-10 1-5268-4949-6 / 1526849496
ISBN-13 978-1-5268-4949-6 / 9781526849496
Zustand Neuware
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