Financial strategy : adding stakeholder value

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書誌事項

Financial strategy : adding stakeholder value

edited by Janette Rutterford

Wiley in association with the Open University, Business School, 1998

  • : hbk
  • : pbk

大学図書館所蔵 件 / 全18件

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注記

Includes bibliographical references and index

内容説明・目次

巻冊次

: hbk ISBN 9780471983484

内容説明

Recent developments in financial strategy have concentrated on adding value to organisations. Financial Strategy gives an overview of how these developments can be used to improve performance in private and public sector organisations around the world. The key themes addressed are: Trends in finance theory Adding value through investment Adding value through financing Adding value through risk management Measuring performance Corporate governance Innovations such as financial restructuring, the role of real options, financial engineering and economic value added are included, as is discussion of the changed relationship between accounting and finance within the organisation. Financial Strategy features: articles which pinpoint future trends in both finance and accounting a practical rather than overly theoretical approach case studies and examples with a global emphasis Financial Strategy: Adding Stakeholder Value is a Course Reader for the Open University Business School MBA Course: B821 Financial Strategy.

目次

Section 1: Trends in Financial Theory. 1. The Efficient Market Theory Thrives on Criticism (D.R. Lee and J.A. Verbrugge, Bank of America, Journal of Applied Corporate Finance, Vol. 9, No. 1, Spring 1996). 2. Schools Brief: Risk and Return (The Economist, Feb. 2, 1991 (based on an article by William Sharpe, Capital-Asset Prices: A Theory of Market Equibilirium Under Conditions of Risk, Journal of Finance, Vol. 19, Sept. 1964). 3. Estimating Expected Return (F. Black, Financial Analysts Journal, Jan.-Feb. 1995 (reprinted from Financial Analysts Journal, Sept./Oct. 1993)). Section 2: Adding Value Through Investment. 4. Investment Appraisal Criteria and The Impact of Low Inflation (A. Wardlow, Bank of England Quarterly Bulletin, Aug. 94, Vol. 34/No 3). 5. Selling of Capital Investments To Top Management (O.P. Lumijarvi, Management Accounting Research, 2, 1991, 171-188). 6. The Options Approach To Capital Investment (A.K. Dixit and R.S. Pindyck, Harvard Business Review, May-June 1995). 7. Case Study: Real Options (Originally "The Real Power of Real Options" (K. Leslie and M. Michaels, Corporate Finance, Jan. 1998)). 8. Solving The New Equity Puzzle (P. Dechow, A. Hutton, R. Sloan, Mastering Finance Series, FT). 9. Case Study: Valuation: Finding The Right Measure (T. Jackson, FT, Oct. 23, 1996). Deutsche Telekom Shares Get Cautions Pricing (W. Munchau, FT, 18 Nov., 1996). Telekom Shares Surge in Buying Frenzy (W. Munchau, FT, 19 Nov., 1996). Section 3: Adding Value Through Financing. 10. The Search for Optimal Capital Structure (by S.C. Myers, The Revolution In Corporate Finance, 2nd Ed., edited by J. Stern and Donald Chew, Blackwell). 11. Case Study: Brand Owners and Capital Structure (Corporate Finance, Jan. 1998). 12. Case Study: Making The Right Financial Connections for Melbourne (M. Carapiet, Corporate Finance, Dec. 1996). 13. Case Study: Dividend Cut: The Case of PFL (D. Soter and P. Evanson, Bank of America: Journal of Applied Corporate Finance, Vol. 9, No. 1, Spring 1996). Section 4: Adding Value Through Risk Management 14. The Use of Risk Analysis Techniques In Capital Investment Appraisal (by S.S.M. Ho and R.H. Pike in Risk, Analysis, Assessment and Management edited by J. Ansell and F. Wharton, John Wiley & Sons). 15. Operating Exposure (Currency Risk, Euromoney Publications by D.R. Lessard and J.B. Lightstone, edited by B. Antl, London '89). 16. Modules for Standardising The Process (A. Steyn and A. Boessenkool, Corporate Finance, June 1997). 17. How Financial Engineering Can Advance Corporate Strategy (P. Tufano, Harvard Business Review, Jan.-Feb. 1996). 18. New Ways with Derivatives (S. Brady, Corporate Finance, June 1996). 19. Rethinking Risk Management (R. Stultz, Bank of America: Journal of Applied Corporate Finance, Vol. 9, Fall '96). 20. Case Study: Ring of Confidence (G. Cooper, Risk, Vol. 8, No. 9, Sept. '95). Section 5: Measuring Performance 21. Using Earnings and Free Cash Flow To Evaluate Corporate Performance (R.G. Sloan, Bank of America: Journal of Applied Corporate Finance, Vol. 9, No. 1, Spring 1996). 22. Case Study: The Case of UK Convertible Securities (AK Shah, Creative Compliance in Financial Reporting, Accounting, Organisations and Society, Vol. 21, No. 1, 1996, Pergamon). 23. Case Study: Queens Moat Houses Plc. (from Annual Accounts). 24. Making Accounting More International: Why, How and How Far It Will Go? (R. Ball, Bank of America: Journal of Applied Corporate Finance, Vol. 8, No. 3, Fall 1995). 25. Case Study: Daimler-Benz: A US GAAP Based Stock (D. Hawkins, Accounting Bulletin 19, 20 Oct., 1993). 26. The Balances Scorecard - Measures That Drive Performance (Robert S. Kaplan and David P. Norton, Harvard Business Review, Jan.-Feb. 1992). 27. Performance Indicators: 20 Early Lessons From Managerial Use (A Likierman, Public Money and Management, Oct.-Dec. 1993, Blackwell). 28. Valuing Companies: A Star To Sail By? (The Economist, Aug. 2, 1997). Section 6: Who Should Benefit? 29. Stakeholder Capitalism: The State We're In: Why Britain Is In Crisis and How To Overcome It (W. Hutton, Jonathan Cape Ltd.). 30. Islamic Banking: An Overview by SA Arar.
巻冊次

: pbk ISBN 9780471983491

内容説明

Recent developments in financial strategy have concentrated on adding value to organisations. Financial Strategy gives an overview of how these developments can be used to improve performance in private and public sector organisations around the world. The key themes addressed are: Trends in finance theory Adding value through investment Adding value through financing Adding value through risk management Measuring performance Corporate governance Innovations such as financial restructuring, the role of real options, financial engineering and economic value added are included, as is discussion of the changed relationship between accounting and finance within the organisation. Financial Strategy features: articles which pinpoint future trends in both finance and accounting a practical rather than overly theoretical approach case studies and examples with a global emphasis Financial Strategy: Adding Stakeholder Value is a Course Reader for the Open University Business School MBA Course: B821 Financial Strategy.

目次

Partial table of contents: TRENDS IN FINANCE THEORY. The Efficient Market Theory Thrives on Criticism (D. Lee & J. Verbrugge). Estimating Expected Return (F. Black). ADDING VALUE THROUGH INVESTMENT. Investment Appraisal Criteria and the Impact of Low Inflation (A. Wardlow). Selling of Capital Investments to Top Management (O. Lumijarvi). Solving the New Equity Puzzle (P. Dechow, et al.). ADDING VALUE THROUGH FINANCING. The Search for Optimal Capital Structure (S. Myers). ADDING VALUE THROUGH RISK MANAGEMENT. The Use of Risk Analysis Techniques in Capital Investment Appraisal (S. Ho & R. Pike). Operating Exposure (D. Lessard & J. Lightstone). Rethinking Risk Management (R. Stultz). MEASURING PERFORMANCE. Using Earnings and Free Cash Flow to Evaluate Corporate Performance (R. Sloan). Making Accounting More International: Why, How, and How Far Will It Go? (R. Ball). WHO SHOULD BENEFIT? Stakeholder Capitalism (W. Hutton). Islamic Banking: An Overview (S. Arar). Index. Acknowledgements.

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