Finance for Executives: Managing for Value Creation,
6th Edition

Gabriel Hawawini, Claude Viallet

ISBN-13: 9781473749245 | ISBN-10: 1473749247

Copyright 2019

| Published 2019

| 760 pages

List Price USD $78.00


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Meet the Authors

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Gabriel Hawawini (Ph.D., New York University) is emeritus professor of finance at INSEAD, where he served as dean and held the Henry Grunfeld Chair in Investment Banking. He taught finance at New York University, Baruch College, Columbia University, and the Wharton School of the University of Pennsylvania where he received the Helen Kardon Moss Anvil Award for Excellence in Teaching. He is the author of 12 books and more than 70 research papers on financial markets and corporate finance. He teaches value-based management seminars around the world and sits on the boards of several companies.

Claude Viallet (Ph.D., Northwestern University) was emeritus professor of finance at INSEAD. He was visiting professor of finance at the Kellogg School of Management, Northwestern University. 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 was president of the European Finance Association and published widely in leading academic and professional journals. He also organized, directed, and taught management-development programs in Europe, the United States, Asia and Latin America and provided consulting services to companies around the world.

  • Up-to-date financial information and company reports demonstrate financial theory in practice.
  • New examples from international pharmaceutical companies such as GlaxoSmithKline and Sanofi illustrate how to perform a financial analysis (using the concepts and techniques presented in Chapters 4-6).
  • A new chapter on derivative instruments which will help students to understand the world of corporate international finance.
  • Spreadsheets have been introduced throughout the book to illustrate the valuation of bonds, stocks and companies.
  • The use of real company data, valuation methods and spreadsheet solutions and formulas clearly illustrate diagnostic techniques.
  • Practical examples enable students to apply financial theory in the same way they would in their executive careers.
  • Employs a strong problem-scenario approach to present key concepts within the context of realistic financial management issues that executives commonly face.
  • End of chapter self-test and review problems challenge students about what they have learned and can be useful discussion points for lecturers.
  • The clear and accessible writing style enables students to easily grasp complex financial ideas.
  • Clearly based on the principle that managers should manage their firm’s resources with the objective of increasing their firm’s value.

Table of Contents

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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: Evaluating Business Performance
4. Interpreting Financial Statements
5. Analyzing Operational Efficiency and Liquidity
6. Analyzing 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 Financial Decisions
10. Valuing Bonds and Common 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. Understanding Forward, Futures and Options and their Contribution to Corporate Finance
17. Making International Business Decisions
18. Managing for Value Creation

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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Finance for Executives

  • ISBN-10: 1473749247
  • ISBN-13: 9781473749245

Price USD$ 78.00


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