Book Summary of Strategic Corporate Finance Successful financial management begins with a solid understanding of the organizations strategic goals and objectives as well as its dayto- day business practices. Based in sound financial theory and journal literature augmented by common business policies, gives student the essential tools,techniques, andconcepts they need in order to understand financial management from a strategic and operational perspective.
Key Feature • This text provides the essential tools, techniques, and concepts to assist the non-financial professional in understanding financial management from a strategic and operational perspective. It also provides more depth for a number of financial decisions: operating, strategic, and financing. • Material is structured in conceptual frameworks and expressed in common business language using quantitative models where possible. These quantitative models make it possible to cover most topics under alternative views investigated in precise models. Weaver and Weston also explore the qualitative factors to take into account and other variables that can only be handled on a judgment basis. • All examples and applications used in the book are drawn from the real-world Hershey Corporation. With this consistent example, students are better able to reflect and build upon their knowledge. • The authors develop unified relationships throughout the text, such as valuation. For example, after a student learns to read and analyze financial statements, financial performance is projected similar to a strategic financial plan. Later, the cost of capital is introduced and a valuation of The Hershey Company is completed. In support, numerous financial tools and economic concepts are introduced. • Each chapter includes a Survey of Practice box that uses real survey information/numbers in a real example for students. • End-of-chapter material includes a summary, questions, and problems. The beginning of each chapter starts with Learning Outcomes (objectives) for the chapter.
able of Contents Part I: Accounting and Finance Fundamentals 1. The Role of Accounting and Finance 2. Financial Statements and Cash Flows 3. Time and Value 4. Business Organization and Taxes Part II: Financial Environment and Valuation Analysis 5. Interest Rates and Fixed Return Securities Valuation. 6. Risk, Return, and Equity Valuation Part III: Financial Analysis, Planning, and Control 7. Financial Performance Metrics. 8. Working Capital Management. 9. Strategic Financial Planning. Part IV: Investment Strategies and Decisions 10. Capital Expenditure Management & Alternative Investment Criteria 11. Capital Investment Decisions 12. Strategic Valuation Issues Part V: Financial Policy 13. Financial Structure and Cost of Capital 14. Financing Sources and Strategies 15. Leases 16. Dividend Policy and Share Repurchases Part VI: Growth Strategies for Increasing Value 17. Mergers and Acquisitions. 18. International Financial Management