Finance in Crises
Springer International Publishing (Verlag)
978-3-031-48070-6 (ISBN)
Climate change, COVID-19, Ukraine: it seems that crises are here to stay, which poses major challenges for the financial management of companies. This book addresses these issues, and present concrete approaches to resolving them.
Until recently, the past was considered a reliable basis for predicting the future. As this is no longer the case, financial calculation and management models must take uncertainty into account. This affects the entire discipline of financial management, whether it is the valuation of goodwill in accounting, the estimation of capital costs in company valuation, or the strategic controlling of an international group of companies. There are three main challenges to be overcome: first, uncertainty must be integrated into traditional models, then uncertainty must be quantified, and lastly, potential developments must be modelled. This requires not only a deep understanding of the respective field, but also the ability to suitably adapt traditional modelsand techniques. This volume discusses these issues and offers new insights into how financial management will evolve in light of the current developments.
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Tobias Huettche is Professor of Accounting and Controlling and Lecturer of the Institute of Finance, School of Business, at the University of Applied Sciences and Arts Northwestern Switzerland in Basel. He is also member of several supervisory boards in the private sector.
Chapter 1. Financial Management Under Uncertainty - An Introduction.- Part 1: Financial Management Under Uncertainty: Corporates.- Chapter 2. Consideration of Uncertainties in Business Valuations.- Chapter 3. Increased Uncertainty in Times of Crises and Implications for Financial Reporting, Focusing on the Going Concern Principle.- Chapter 4. Were the Crises of the Recent Past a Litmus Test for Goodwill in the Automotive Industry?.- Chapter 5. Predictive Analytics in Corporate Financial Management - A Case Study on Earnings Forecasting With a Global Logistics Service Provider.- Chapter 6. Internal Control System (ICS) in Times of Crises: Theoretical and Practical Approaches -the Proactive and Reactive Role of the ICS in Switzerland.- Chapter 7. Corporate Governance and Corporate Performance - Case Study Japan.- Chapter 8. Controlling of the Circular Economy.- Part 2: Financial Management Under Uncertainty: Markets.- Chapter 9. Price Discovery in Euro Area Sovereign Credit Markets: Evidence From the GIIPS Countries 10 Years After the Implementation of the Ban on Naked Short-selling of CDS.- Chapter 10. Evolution of Sovereign Risk of European G-SIBs.- Chapter 11. Electricity Trading With Derivative Instruments - Speculation, Hedging, or Speculative Hedging?.- Chapter 12. Gauss Versus Cauchy - a Comparative Study on Risk.- Chapter 13. Household Saving in Times of Crisis.
Erscheinungsdatum | 05.02.2024 |
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Reihe/Serie | Contributions to Finance and Accounting |
Zusatzinfo | VIII, 217 p. 68 illus., 52 illus. in color. |
Verlagsort | Cham |
Sprache | englisch |
Maße | 155 x 235 mm |
Gewicht | 499 g |
Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management |
Schlagworte | Audit • Company valuation • Controlling • financial modeling • Financial Monitoring • Financial Planning • ICS • Predictive Analysis • Regulation |
ISBN-10 | 3-031-48070-8 / 3031480708 |
ISBN-13 | 978-3-031-48070-6 / 9783031480706 |
Zustand | Neuware |
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