Finance for Strategic Decision Making demystifies and
clarifies for non-financial executives the basics of financial
analysis. It shows how they can make important financial decisions
that can critically enhance their institution's ability to
respond to competitive challenges, undertake new projects, overcome
financial setbacks, and most importantly, create shareholder value.
Written by M. P. Narayanan and Vikram K. Nanda--two of the
country's leading authorities on financial
strategy--this book offers a practical guide for using
financial analysis to enhance strategicdecision making. The book
includes a coherent framework that outlines practical and
intellectually sound guidance for executives who must make
strategic decisions. Finance for Strategic Decision Making
* Explains the role of finance in corporate strategy
* Offers guidance on resource allocation decisions
* Explores how to determine the right balance of debt and equity
capital to maximize firm value
* Demonstrates how to use payout policy as a strategic tool
* Clarifies if a merger, acquisition, or divestiture is in the
best interest of an organization
* Shows how to manage risk
Reveals how to measure value created and the effectiveness of
upper level management
Autorentext
M. P. Narayanan is professor of finance and chair of the finance
department at the University of Michigan Business School. He is the
faculty director of the Finance for Non-Financial Managers program
and the Finance for Strategic Decision-Making program.
Vikram K. Nanda is associate professor of finance at the University
of Michigan Business School.
Zusammenfassung
Finance for Strategic Decision Making demystifies and clarifies for non-financial executives the basics of financial analysis. It shows how they can make important financial decisions that can critically enhance their institution's ability to respond to competitive challenges, undertake new projects, overcome financial setbacks, and most importantly, create shareholder value. Written by M. P. Narayanan and Vikram K. Nandatwo of the country's leading authorities on financial strategythis book offers a practical guide for using financial analysis to enhance strategicdecision making. The book includes a coherent framework that outlines practical and intellectually sound guidance for executives who must make strategic decisions. Finance for Strategic Decision Making
- Explains the role of finance in corporate strategy
- Offers guidance on resource allocation decisions
- Explores how to determine the right balance of debt and equity capital to maximize firm value
- Demonstrates how to use payout policy as a strategic tool
- Clarifies if a merger, acquisition, or divestiture is in the best interest of an organization
- Shows how to manage risk
Reveals how to measure value created and the effectiveness of upper level management
Inhalt
Series Foreword xi
Preface xiii
1 Finance and Corporate Strategy 1
2 The Resource Allocation Decision 13
3 Cost of Capital 55
4 Capital Structure and Financing 75
5 Payout Policy 113
6 Mergers and Acquisitions 137
7 Divestitures 179
8 Risk Management 211
9 Performance Evaluation 247
Notes 285
The Authors 291
Index 293