Cover for Capital Investment & Financing

Capital Investment & Financing

A Practical Guide to Financial Evaluation

Book2005

Authors:

Christopher Agar

Capital Investment & Financing

A Practical Guide to Financial Evaluation

Book2005

 

Cover for Capital Investment & Financing

Authors:

Christopher Agar

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Book description

The requirement to maximise value for shareholders is at the core of any corporate investment or financing decision. The intrinsic value of proposed investments should be assessed ... read full description

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  2. Book chapterAbstract only

    1 - Capital investment

    Pages 3-42

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    2 - Capital raising

    Pages 43-72

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    3 - Capital management

    Pages 73-90

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    4 - Financial risk management

    Pages 91-140

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    Appendix A - Financial ratios

    Pages 143-154

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      Appendix B1 - Corporate DCF valuation

      Pages 157-203

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      Appendix B2 - Straight bond pricing

      Pages 205-224

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      Appendix B3 - Forward pricing

      Pages 225-242

    4. Book chapterNo access
      Appendix B4 - Basic option pricing

      Pages 243-288

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      Appendix B5 - Option pricing applications

      Pages 289-312

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    Appendix C - Leasing

    Pages 315-342

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    Bibliography

    Pages 409-412

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    Index

    Pages 413-423

About the book

Description

The requirement to maximise value for shareholders is at the core of any corporate investment or financing decision. The intrinsic value of proposed investments should be assessed before deciding how much capital to allocate; the benefits and risks associated with each available source of finance should be considered when capital is being raised; and capital, and any associated financial risks, should be managed in a way that continues to maximise value. At every stage, an analysis should be carried out to ensure the decision is optimal for shareholders and other capital providers.

This book provides practical guidance on the application of financial evaluation techniques and methods (mainly covered in Appendices), as well as comprehensive coverage of traditional corporate finance topics, discussed in the context of capital investment, raising and management and financial risk management (using derivatives). Models, formulae and other quantitative techniques are illustrated in over 100 examples (using only basic mathematics).

Topics discussed include the following:

* business appraisal using financial ratios

* corporate valuation (mainly discounted cash flow and real options)

*investment appraisal techniques

* acquisition structuring and evaluation

* the nature of loans and loan agreements

* features and pricing of bonds (straight and convertible)

* leasing (including leveraged leasing)

* equity raising (Initial Public Offerings)

* long and short term capital management

* basic pricing of derivatives (forwards, futures, options, swaps)

* interest rate and currency risk management using derivatives

Capital Investment & Financing provides a comprehensive, in-depth coverage of concepts, methods and techniques involved when evaluating acquisitions and other investments, assessing financing opportunities, and managing capital. The core chapters provide practical guidance on key corporate finance topics; the Appendices contain more quantitative material, focusing on pricing techniques. Examples are used throughout, and an integrated case study (fictional) in the final Appendix uses many of the techniques discussed.

The requirement to maximise value for shareholders is at the core of any corporate investment or financing decision. The intrinsic value of proposed investments should be assessed before deciding how much capital to allocate; the benefits and risks associated with each available source of finance should be considered when capital is being raised; and capital, and any associated financial risks, should be managed in a way that continues to maximise value. At every stage, an analysis should be carried out to ensure the decision is optimal for shareholders and other capital providers.

This book provides practical guidance on the application of financial evaluation techniques and methods (mainly covered in Appendices), as well as comprehensive coverage of traditional corporate finance topics, discussed in the context of capital investment, raising and management and financial risk management (using derivatives). Models, formulae and other quantitative techniques are illustrated in over 100 examples (using only basic mathematics).

Topics discussed include the following:

* business appraisal using financial ratios

* corporate valuation (mainly discounted cash flow and real options)

*investment appraisal techniques

* acquisition structuring and evaluation

* the nature of loans and loan agreements

* features and pricing of bonds (straight and convertible)

* leasing (including leveraged leasing)

* equity raising (Initial Public Offerings)

* long and short term capital management

* basic pricing of derivatives (forwards, futures, options, swaps)

* interest rate and currency risk management using derivatives

Capital Investment & Financing provides a comprehensive, in-depth coverage of concepts, methods and techniques involved when evaluating acquisitions and other investments, assessing financing opportunities, and managing capital. The core chapters provide practical guidance on key corporate finance topics; the Appendices contain more quantitative material, focusing on pricing techniques. Examples are used throughout, and an integrated case study (fictional) in the final Appendix uses many of the techniques discussed.

Key Features

*Discusses all key areas of corporate investing and financing, focusing on key financial issues
*Concise, thorough and technical, it enables to reader to acquire knowledge effectively
*Can be used in everyday analysis and decision making

*Discusses all key areas of corporate investing and financing, focusing on key financial issues
*Concise, thorough and technical, it enables to reader to acquire knowledge effectively
*Can be used in everyday analysis and decision making

Details

ISBN

978-0-7506-6532-2

Language

English

Published

2005

Copyright

Copyright © 2005 Elsevier Ltd. All rights reserved

Imprint

Butterworth-Heinemann

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Authors

Christopher Agar