Financial Management and Corporate Governance

[shzubair]

English | 2022 | ISBN: ‎ 9811252394 | 224 pages | True PDF EPUB | 10.36 MB
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This book provides an integrative perspective on financial management and corporate governance deployed in management decisions. It analyzes wide-ranging issues such as valuation, capital investment, capital structure, mergers and acquisitions, shareholder and stakeholder value management, and corporate governance structure. Throughout the analyses, the book provides a coherent view of firms, laws and markets, and offers practical financial modeling techniques to assist in financial decisions.
This book also incorporates the latest developments in practice, such as direct listings and SPACs in capital markets, contractual arrangements in mergers and acquisitions, setting of corporate purpose, protection of minority investors in related party transactions, balancing of shareholder and stakeholder value from an ESG perspective, and the growing influence of activist funds, index investors and proxy advisors. It looks at these complex issues in firm management through the dual lens of asymmetric information and conflicts of interest that managers deal with, and gives coherency and clarity to the understanding of these key issues in management.

Contents:

Introduction:

• 
  What Is the Difference Between Management and Financial Management?
  What Is the Difference Between Management and Financial Management?
  What Is the Difference Between Individuals and Firms?
  Organization of This Book
  
  Understanding Value:
• Overview
  Measuring Value
  The Capital Asset Pricing Model
  Cash Flow
  Valuing a Firm
  Financial Modeling
  Conclusion
  
  Making Capital Investment Decisions:
• Overview
  Decision Rules
  Performance Evaluations
  Capability Building
  Conclusion
  
  Understanding Asymmetric Information in Financial Markets:
• Asymmetric Information
  Mitigating Asymmetric Information
  Asymmetric Information in Initial Public Offerings
  Asymmetric Information and the Agency Problem
  Conclusion
  
  Optimizing Capital Structure:
• Debt and Equity
  The Modigliani-Miller Theorem
  Capital Structure and the Cost of Capital
  Capital Structure Under Conflicts of Interest
  Debt-Shareholders Conflict
  Conclusion
  
  Merging and Acquiring Businesses:
• Overview
  Choice of Payment
  Legal Frameworks
  Anti-takeover Measures
  Post-merger Integration
  Conclusion
  
  Managing Shareholder and Stakeholder Value:
• Overview
  Framework of Duties
  Disclosure and Measurement
  Shareholders and Changing Paradigms
  Conclusion
  
  Structuring Corporate Governance:
• Overview
  Board of Directors
  Conflicts of Interest
  Proxy Advisors and Activism
  Conclusion
  
  Conclusion
• Evolution of the Corporation
  Evolution of the Board
  Evolution of Financial Markets
  Final Words

Readership: For students and researchers who are interested to understand more about financial management and corporate governance in management decisions.

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