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Corporate Finance
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Corporate Finance
Text and Cases

Third Edition


July 2019 | 736 pages | SAGE Publications Pvt. Ltd
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 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.
 
Preface
 
Acknowledgements
 
SECTION 1: BUILDING BLOCKS
 
Introduction
 
Time Value of Money
 
Risk and Return
 
Estimation of Cost of Capital
 
Financial Statements and Firm Value
 
SECTION 2: CAPITAL INVESTMENTS
 
Overview of Capital Budgeting
 
Free Cash Flow Valuation
 
Risk Analysis in Capital Investments
 
A Real Option’s Perspective of Capital Budgeting
 
A Follow-up Note on Capital Budgeting
 
SECTION 3: MANAGING CURRENT ASSETS
 
Working Capital Estimation and Financing
 
Cash Management
 
Receivables Management
 
SECTION 4: THE FINANCING DECISION
 
Optimal Capital Structure
 
An Overview of Financing Choices
 
Initial Public Offerings
 
Bank Loans
 
A Follow-up Note on Financing
 
Project Financing
 
The Leasing Decision
 
SECTION 5: DIVIDEND POLICY
 
The Dividend Policy
 
SECTION 6: FINANCIAL POLICY, COMPETITIVE STRATEGY AND SHAREHOLDER VALUE
 
Growth and Shareholder Value
 
Mergers and Acquisitions
 
EVA and Divisional Performance Measurement
 
TEACHING CASES
MODULE 1: RISK AND RETURN  
 
ICICI Prudential
MODULE 2: COST OF CAPITAL, CAPITAL BUDGETING AND CAPITAL STRUCTURE  
 
The Bolivian Tropical Wood Consortium
 
Hutchison Whampoa and the Shanghai Deep Water Project
 
Shanghai Disneyland
MODULE 3: FINANCING YOUNG AND MATURE FIRMS  
 
Iceland Submarine Cable Project
 
Air Deccan Initial Public Offering
 
Wockhardt Limited: Will it rise from the ashes?
MODULE 4: PROJECT FINANCE  
 
The Dalian Water Supply Project
 
AES Corporation: Building a LNG Power Plant in Honduras
MODULE 5: DIVIDENDS AND STOCK REPURCHASES  
 
Dividend Policy at SRF Limited: Buyback of Shares
 
MODULE 6: ACQUISITIONS AND CORPORATE RESTRUCTURING
 
Restructuring at Suzlon Energy Ltd
 
Lanco Infratech Limited
 
Index

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Paperback
ISBN: 9789353282899
£30.00