HERMES-Catalog

Back to Results List

Corporate Finance for Long-Term Value / by Dirk Schoenmaker, Willem Schramade
(Springer Texts in Business and Economics. ISSN:21924341)

Publisher	(Cham : Springer International Publishing : Imprint: Springer)
Year	2023
Edition	1st ed. 2023.
Authors	*Schoenmaker, Dirk author Schramade, Willem author SpringerLink (Online service)

Hide book details.

Links to the text	Location	Volume	Call No.	Barcode No.	Status	Comments	ISBN	Printed	Restriction	Reserve
Links to the text	Library Off-campus access			OB00194930		Springer Economics and Finance eBooks (電子ブック)	9783031350092

Hide details.

Material Type	E-Book
Media type	機械可読データファイル
Size	XXXIX, 630 p. 198 illus., 182 illus. in color : online resource
Notes	Introduction -- Part 1: Why Corporate Finance for Long-term Value? -- Chapter 1. The Company Within Social and Planetary Boundaries -- Chapter 2. Integrated Value Creation -- Chapter 3. Corporate Governance -- Part 2: Discount Rates and Valuation Methods -- Chapter 4. Discount Rates and the Scarcity of Capital -- Chapter 5. Calculating Social and Environmental Value -- Chapter 6. Investment Decision Rules -- Chapter 7. Capital Budgeting -- Part 3: Valuation of Companies -- Chapter 8. Valuing Bonds -- Chapter 9. Valuing Public Equity -- Chapter 10. Valuing Private Equity -- Chapter 11. Case-study Integrated Valuation: Inditex -- Part 4: Risk, Return and Impact -- Chapter 12. Risk-return Analysis -- Chapter 13. Cost of Capital -- Chapter 14. Capital Market Adaptability, Investor Behaviour and Impact -- Part 5: Corporate Financial Policies -- Chapter 15. Capital Structure -- Chapter 16. Issues and Pay-outs -- Chapter 17. Reporting and Investor Relations -- Chapter 18. Mergers and Acquisitions -- Chapter 19. Options on All Capitals Open Access This open access textbook offers a guide to corporate finance for modern companies that want to create long-term value. Drawing on recent literature on sustainable companies, it starts by analysing the Sustainable Development Goals as a strategy for the transition to a sustainable economy. Next, it translates the general concept of sustainability into core corporate finance methods, such as net present value, company valuation, cost of capital, capital structure and M&A. Current corporate finance textbooks are primarily based on the shareholder model, designed to maximise financial value. This book instead adopts the integrated model, which argues that companies have to serve the interests of their current and future stakeholders. Accordingly, companies move from simply maximising financial value to optimising integrated value, which combines financial, social and environmental value. Applying this new paradigm of integrated value is the truly innovative feature of this textbook. Written for undergraduate and graduate students of Finance, Economics, and Business Administration, this textbook provides a fresh analysis of corporate finance. Combining theory, empirical data and examples from actual companies, it reveals the sustainability challenges for corporate investment and shows how finance can be used to steer funds to sustainable companies and projects and thus accelerate the transition to a sustainable economy. Dirk Schoenmaker and Willem Schramade have set the example: corporate finance teaching can be adapted to focus on sustainable finance without compromising on the rigour and fundamentals of the core finance curriculum. Social and environmental objectives deserve their role in business decisions, Corporate Finance for Long-Term Value brings it to the class room. - Arnoud Boot, Professor of Corporate Finance at University of Amsterdam HTTP:URL=https://doi.org/10.1007/978-3-031-35009-2
Subjects	LCSH:Business enterprises -- Finance All Subject Search LCSH:Business ethics LCSH:Capital market LCSH:Financial risk management FREE:Corporate Finance FREE:Business Ethics FREE:Capital Markets FREE:Risk Management
Classification	LCC:HG4001-4285 DC23:658.15
ID	8000094077
ISBN	9783031350092