Brealey & Myers – Financial Analysis with Excel

There is a size of 5.3 MB.

The book looks at how corporations balance financing and risk from two of the most popular and influential finance writers. There are many ways in which a corporation can finance its operations. The specter of risk is always in the background, ready to take a heavy toll on any executive who ignores or ignores its long shadow. There are many ways in which corporations raise capital as they manage the concurrent risk. Filled with information and ideas that are both thought provoking and functional, it provides an indispensable look into the theory and mechanics of financing and risk, including: how, why, and when a firm should assume debt, while keeping that debt from working against it. The Brealey & Myers on Corporate Finance series brings classic text into the business environment, providing time-pressed professionals with a more focused format while retaining the timeless guidance and inherent readability of the original. It is difficult to get a New York cab driver to give you change for a $20 bill. There is a misconception that corporate finance texts must be dull. This handbook for practicing professional combines in-depth finance information and methodology with dynamic and often humorous writing as it focuses on the many issues professionals face as they take on questions of financing. Financial planning includes ways to measure and manage a firm’s leverage, liquidity, efficiency, profitability, and market valuation, and short-term financing. If the needs of your firm change, what should you do to strike a balance between appeasing investors with dividends and retaining earnings for expansion? How can you make global profits while hedging your foreign currency exposure? When determining which of two or more available vehicles your firm should adopt for efficient financing, what are the questions you should ask? The fundamental question of how a corporation makes capital is the subject of financing and risk management. It introduces you to the subject’s often-conflicting objectives and outlines ways in which you can satisfy the greatest number of those objectives, while ensuring that all areas of a corporation operate under one set of financial rules.