Narayanan / Nanda Finance for Strategic Decision-Making

What Non-Financial Managers Need to Know
1. Auflage 2004
ISBN: 978-0-7879-7419-0
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 320 Seiten, E-Book

Reihe: J-B University of Michigan Business School Management Series

Finance for Strategic Decision Making demystifies andclarifies for non-financial executives the basics of financialanalysis. It shows how they can make important financial decisionsthat can critically enhance their institution's ability torespond to competitive challenges, undertake new projects, overcomefinancial setbacks, and most importantly, create shareholder value.Written by M. P. Narayanan and Vikram K. Nanda--two of thecountry's leading authorities on financialstrategy--this book offers a practical guide for usingfinancial analysis to enhance strategicdecision making. The bookincludes a coherent framework that outlines practical andintellectually sound guidance for executives who must makestrategic decisions. Finance for Strategic Decision Making

* Explains the role of finance in corporate strategy

* Offers guidance on resource allocation decisions

* Explores how to determine the right balance of debt and equitycapital to maximize firm value

* Demonstrates how to use payout policy as a strategic tool

* Clarifies if a merger, acquisition, or divestiture is in thebest interest of an organization

* Shows how to manage risk

Reveals how to measure value created and the effectiveness ofupper level management

Autoren/Hrsg.

Narayanan, M. P.

Nanda, Vikram K.

Inhaltsverzeichnis

Series Foreword xi
Preface xiii
1 Finance and Corporate Strategy 1
2 The Resource Allocation Decision 13
3 Cost of Capital 55
4 Capital Structure and Financing 75
5 Payout Policy 113
6 Mergers and Acquisitions 137
7 Divestitures 179
8 Risk Management 211
9 Performance Evaluation 247
Notes 285
The Authors 291
Index 293

Über Autor(innen)

M. P. Narayanan is professor of finance and chair of the financedepartment at the University of Michigan Business School. He is thefaculty director of the Finance for Non-Financial Managers programand the Finance for Strategic Decision-Making program.
Vikram K. Nanda is associate professor of finance at the Universityof Michigan Business School.