Finance for Executives: Managing for Value Creation 5th Edition
Gabriel Hawawini | Claude Viallet
ISBN-13: 9781408093801 | ISBN-10: 1408093804
© 2015 | Published |  736  Pages
Previous Editions: 9780538751346

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Paperback/Softcover Book/Jrnal
US $95.25
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Perfect for executive education courses, MBA programs, or any class with an emphasis on translating theory into practice or learning through real-world cases, this exciting new fifth edition of Finance for Executives: Managing for Value Creation illustrates the importance of financial information in maximizing firm value. Highly respected authors Gabriel Hawawini and Claude Viallet draw on their wealth of business and teaching experience to provide a concise, analytically sound introduction to financial management that is neither too simplistic nor too theoretical. The text masterfully balances a thorough exploration of modern finance principles with a strong practical focus on real-world applications and rigorous analysis, whilst also avoiding complicated formulas that have little value for decision-making.



  • PART I: FINANCIAL CONCEPTS AND TECHNIQUES.
    1. Financial Management and Value Creation: An Overview.
    2. The Time Value of Money.
    3. Risk and Return.
    PART II: ANALYZING BUSINESS PERFORMANCE.
    4. Interpreting Financial Statements.
    5. Assessing Operational Efficiency and Liquidity.
    6. Diagnosing Profitability, Risk, and Growth.
    PART III: MAKING INVESTMENT DECISIONS.
    7. Using the NPV Rule to Make Value-Creating Investment Decisions.
    8. Alternatives to the Net Present Value Rule.
    9. Identifying and Estimating a Project’s Cash Flows.
    PART IV: MAKING FINANCING DECISIONS.
    10. Valuing Bonds and Stocks.
    11. Raising Capital and Paying Out Cash.
    12. Estimating the Cost of Capital.
    13. Designing a Capital Structure.
    PART V: MAKING BUSINESS DECISIONS.
    14. Valuing and Acquiring a Business.
    15. Managing Corporate Risk.
    16. Making International Business Decisions.
    17. Managing for Value Creation.
    Answers to Self-Test Questions.
    Glossary.

    • Employs a strong problem-scenario approach to present key concepts within the context of realistic financial management issues that executives commonly face.
    • Highly reader-friendly structure and presentation allowing for ease of comprehension.
    • Clearly based on the principle that managers should manage their firm’s resources with the objective of increasing their firm’s value.
    • Excellent use of pedagogy including use of company data to illustrate diagnostic techniques and valuation methods and spreadsheet solutions and formulas.
    • End of chapter self-test and review problems challenge students about what they have learned and can be useful discussion points for lecturers.
    • ‘The book’s focus on implementation, with less theory than in other textbooks, makes it very useful for our busy EMBA students who just want to drill down to the facts. It is very accessible, and makes a perfect complement to our case study-based teaching.’Joel Bessis, Professor Emeritus, HEC Paris, France

    For more information about these supplements, or to obtain them, contact your Learning Consultant

    • Gabriel Hawawini (Ph.D., New York University) is the Henry Grunfeld Chaired Professor of Investment Banking at INSEAD, where he is also a professor of finance and formerly served as dean. Professor Hawawini has taught finance at INSEAD, New York University, Columbia University, and the Wharton School of the University of Pennsylvania, where he received the Helen Kardon Moss Anvil Award for Excellence in Teaching. In addition to teaching value-based management seminars around the world, Professor Hawawini is the author of ten books and more than seventy research papers on financial markets and corporate finance. He also sits on the boards of several companies.

      Claude Viallet (Ph.D., Northwestern University) is emeritus professor of finance at INSEAD. Before joining INSEAD, he worked as a project manager at a major oil company and as chief financial officer of a service company in Paris. Professor Viallet has also served as president of the European Finance Association and has published widely in leading academic and professional journals. In addition to his tenure at INSEAD, Professor Viallet’s teaching career includes service as a visiting professor of finance at the Kellogg School of Management of Northwestern University. He also organizes, directs, and teaches management-development programs in Europe, the United States, Asia, and Latin America and provides consulting services to companies around the world.