• ISBN13: 9788126939763
• Binding: Paperback
• Subject: Business Management
• Publisher: Atlantic Publishers & Distributors (P) Ltd
• Publisher Imprint: Atlantic
• Publication Date: March 26, 2024
• Pages: 732
• Original Price: INR 895.0
• Language: English
• Edition: N/A
• Item Weight: 950 grams
• BISAC Subject(s): Business Mathematics

This book examines financial decision-making by firms and discusses how these decisions can create value for the shareholders. Woven around the theme of value-based management, Corporate Finance: Text and Cases offers a rigorous understanding of the role of finance in supporting other functional areas of a business, how and why firms arrive at particular financial decisions and the impact of these decisions on the shareholders. The book also helps to build a strong theoretical background and practical knowledge of doing business in emerging markets. Using cases developed on emerging market scenarios, it emphasizes the fact that financial strategy should be aligned with overall business strategy. It closely scrutinizes topics such as the execution of capital investment decisions, financial strategy, management of working capital, estimation of divisional cost capital and management of growth. This revised edition, designed as a core textbook, will be a suitable companion for students of business management and other professional courses. It will also be useful for those seeking a career in corporate finance, investment banking, general management, strategy consulting, securities analysis, turnaround management, commercial banking and investment management. Key Features: • All topics summarized with real-life examples and anecdotes • Twelve full-length teaching cases based on emerging market scenarios to accentuate practical understanding • Robust companion website bearing detailed teaching notes, questions for classroom discussion, additional references and much more

Vishwanath S. R., Professor at Mahindra University’s School of Management in Hyderabad, has over two decades of experience teaching graduate students and executives across diverse industries. Recognised with prestigious awards like the Ruth Greene Memorial Award (2010) and the Hindustan Unilever Dewang Mehta Best Professor in Finance Award (2013), he has made significant contributions to Corporate Finance, Investment Management and Mergers and Acquisitions

• Preface xxiii
• Acknowledgements xxv
• About the Author xxvii

• SECTION 1 BUILDING BLOCKS

• 1. Introduction 3
• 2. Time Value of Money 18
• 3. Risk and Return 37
• 4. Estimation of Cost of Capital 63
• 5. Financial Statements and Firm Value 84

• SECTION 2 CAPITAL INVESTMENTS

• 6. Overview of Capital Budgeting 111
• 7. Free Cash Flow Valuation 126
• 8. Risk Analysis in Capital Investments 146
• 9. A Real Option Perspective of Capital Budgeting 168
• 10. A Follow-Up Note on Capital Budgeting 183

• SECTION 3 MANAGING CURRENT ASSETS

• 11. Working Capital Estimation and Financing 193
• 12. Cash Management 222
• 13. Receivables Management 238
• Corporate Finance

• SECTION 4 THE FINANCING DECISION

• 14. Optimal Capital Structure 255
• 15. An Overview of Financing Choices 277
• 16. Initial Public Offerings 295
• 17. Bank Loans 313
• 18. A Follow-Up Note on Financing 336
• 19. Project Financing 360
• 20. The Leasing Decision 376

• SECTION 5 DIVIDEND POLICY

• 21. The Dividend Policy 391

• SECTION 6 FINANCIAL POLICY, COMPETITIVE STRATEGY AND SHAREHOLDER VALUE

• 22. Growth and Shareholder Value 415
• 23. Mergers and Acquisitions 428
• 24. EVA and Divisional Performance Measurement 448
• TEACHING CASES
• MODULE 1 RISK AND RETURN
• 1. ICICI Prudential 467
• MODULE 2 COST OF CAPITAL, CAPITAL BUDGETING
• AND CAPITAL STRUCTURE
• 2. The Bolivian Tropical Wood Consortium 477
• 3. Hutchison Whampoa and the Shanghai Deep Water Project 492
• 4. Shanghai Disneyland 509
• MODULE 3 FINANCING YOUNG AND MATURE FIRMS
• 5. Iceland Submarine Cable Project 525
• 6. Air Deccan Initial Public Offering 555
• 7. Wockhardt Limited: Will It Rise from the Ashes? 580
• Contents vii
• MODULE 4 PROJECT FINANCE
• 8. The Dalian Water Supply Project 601
• 9. AES Corporation: Building an LNG Power Plant in Honduras 623
• MODULE 5 DIVIDENDS AND STOCK REPURCHASES
• 10. Dividend Policy at SRF Limited: Buyback of Shares 637
• MODULE 6 ACQUISITIONS AND CORPORATE RESTRUCTURING
• 11. Restructuring at Suzlon Energy Ltd 661
• 12. Lanco Infratech Limited 683
• Index I–1