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Corporate Finance for Long-Term Value
Taschenbuch von Willem Schramade (u. a.)
Sprache: Englisch

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Beschreibung
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.
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.
Über den Autor

Dirk Schoenmaker is a Professor of Banking and Finance at Rotterdam School of Management, Erasmus University, and Director of the Erasmus Platform for Sustainable Value Creation. He is a Research Fellow at CEPR and leads CEPR's Research and Policy Network on Sustainable Finance. His research covers the fields of sustainable finance, central banking, financial supervision and European banking. Before joining RSM, Dirk worked at the Bank of England and the Dutch Ministry of Finance. Dirk is (co-)author of Principles of Sustainable Finance (OUP), Financial Markets and Institutions: A European Perspective (CUP) and Governance of International Banking: The Financial Trilemma (OUP).

Willem Schramadeis Head of Sustainability Client Advisory at Schroders, Professor of Finance at Nyenrode Business University, and Fellow of the Erasmus Platform for Sustainable Value Creation at Rotterdam School of Management, Erasmus University. Before joining Schroders, Willem worked as an independent consultant, advising financial institutions and corporations on sustainablefinance. Previously, he worked as a portfolio manager for listed impact equities at NN Investment Partners, and he held positions at Robeco, General Electric, PwC and Erasmus University, where he obtained his PhD in finance in 2006. Willem publishes about sustainablefinance in scientific journals and teaches sustainable finance at Nyenrode Business University and Erasmus University. His academic textbook Principles of Sustainable Finance (co-authored with Dirk Schoenmaker) was published by Oxford University Press in 2019.

Inhaltsverzeichnis

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.

Details
Erscheinungsjahr: 2024
Fachbereich: Betriebswirtschaft
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Reihe: Springer Texts in Business and Economics
Inhalt: xxxix
630 S.
16 s/w Illustr.
182 farbige Illustr.
630 p. 198 illus.
182 illus. in color.
ISBN-13: 9783031350115
ISBN-10: 3031350111
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Schramade, Willem
Schoenmaker, Dirk
Hersteller: Springer International Publishing
Springer International Publishing AG
Springer Texts in Business and Economics
Verantwortliche Person für die EU: Books on Demand GmbH, In de Tarpen 42, D-22848 Norderstedt, info@bod.de
Maße: 235 x 155 x 36 mm
Von/Mit: Willem Schramade (u. a.)
Erscheinungsdatum: 14.09.2024
Gewicht: 1,001 kg
Artikel-ID: 130081030
Über den Autor

Dirk Schoenmaker is a Professor of Banking and Finance at Rotterdam School of Management, Erasmus University, and Director of the Erasmus Platform for Sustainable Value Creation. He is a Research Fellow at CEPR and leads CEPR's Research and Policy Network on Sustainable Finance. His research covers the fields of sustainable finance, central banking, financial supervision and European banking. Before joining RSM, Dirk worked at the Bank of England and the Dutch Ministry of Finance. Dirk is (co-)author of Principles of Sustainable Finance (OUP), Financial Markets and Institutions: A European Perspective (CUP) and Governance of International Banking: The Financial Trilemma (OUP).

Willem Schramadeis Head of Sustainability Client Advisory at Schroders, Professor of Finance at Nyenrode Business University, and Fellow of the Erasmus Platform for Sustainable Value Creation at Rotterdam School of Management, Erasmus University. Before joining Schroders, Willem worked as an independent consultant, advising financial institutions and corporations on sustainablefinance. Previously, he worked as a portfolio manager for listed impact equities at NN Investment Partners, and he held positions at Robeco, General Electric, PwC and Erasmus University, where he obtained his PhD in finance in 2006. Willem publishes about sustainablefinance in scientific journals and teaches sustainable finance at Nyenrode Business University and Erasmus University. His academic textbook Principles of Sustainable Finance (co-authored with Dirk Schoenmaker) was published by Oxford University Press in 2019.

Inhaltsverzeichnis

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.

Details
Erscheinungsjahr: 2024
Fachbereich: Betriebswirtschaft
Genre: Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Reihe: Springer Texts in Business and Economics
Inhalt: xxxix
630 S.
16 s/w Illustr.
182 farbige Illustr.
630 p. 198 illus.
182 illus. in color.
ISBN-13: 9783031350115
ISBN-10: 3031350111
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Schramade, Willem
Schoenmaker, Dirk
Hersteller: Springer International Publishing
Springer International Publishing AG
Springer Texts in Business and Economics
Verantwortliche Person für die EU: Books on Demand GmbH, In de Tarpen 42, D-22848 Norderstedt, info@bod.de
Maße: 235 x 155 x 36 mm
Von/Mit: Willem Schramade (u. a.)
Erscheinungsdatum: 14.09.2024
Gewicht: 1,001 kg
Artikel-ID: 130081030
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