Corporate financial management / / Glen Arnold |
Autore | Arnold Glen |
Edizione | [5th ed.] |
Pubbl/distr/stampa | Harlow, : Pearson, 2013 |
Descrizione fisica | 1 online resource (xlii, 992 p.) : col. ill |
Disciplina | 658.15 |
Soggetto topico |
Corporations - Finance
Corporations - Finance - Management Business enterprises - Finance |
Soggetto genere / forma | Libros electrónicos. |
ISBN |
9780273758952 (e-book)
9780273758839 (pbk.) |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover -- Contents -- Topics covered in the book -- Introduction to the book -- Guided tour -- Guided tour of MyFinanceLab -- Acknowledgements -- Part 1 Introduction -- 1 The financial world -- Learning outcomes -- Introduction -- The objective of the firm -- Case study 1.1 Xstrata plc -- Some possible objectives -- Corporate governance -- Primitive and modern economies -- The role of the financial manager -- The flow of funds and financial intermediation -- Growth in the financial services sector -- The financial system -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Websites -- Self-review questions -- Questions and problems -- Assignments -- Part 2 The investment decision -- 2 Project appraisal: net present value and internal rate of return -- Learning outcomes -- Introduction -- Value creation and corporate investment -- Net present value and internal rate of return -- Modified internal rate of return -- Concluding comments -- Key points and concepts -- Appendix 2.1 Mathematical tools for finance -- Mathematical tools exercises -- References and further reading -- Case study recommendations -- Websites -- Self-review questions -- Questions and problems -- Assignments -- 3 Project appraisal: cash flow and applications -- Learning outcomes -- Introduction -- Case study 3.1 Airbus's superjumbo -- Quality of information -- Are profit calculations useful for estimating project viability? -- The replacement decision -- Replacement cycles -- When to introduce a new machine -- Drawbacks of the annual equivalent annuity method -- Timing of projects -- The make or buy decision -- Fluctuating output -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Self-review questions -- Questions and problems -- Assignments.
4 The decision-making process for investment appraisal -- Learning outcomes -- Introduction -- Evidence on the employment of appraisal techniques -- Payback -- Accounting rate of return -- Internal rate of return: reasons for continued popularity -- The managerial 'art' of investment appraisal -- The investment process -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Self-review questions -- Questions and problems -- Assignments -- 5 Project appraisal: capital rationing, taxation and inflation -- Learning outcomes -- Introduction -- Capital rationing -- Taxation and investment appraisal -- Inflation -- Case study 5.1 Eurotunnel's inflation allowance -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Self-review questions -- Questions and problems -- Assignments -- Part 3 Risk and return -- 6 Risk and project appraisal -- Learning outcomes -- Case study 6.1 Two risky ventures . . . -- Introduction -- What is risk? -- Adjusting for risk through the discount rate -- Sensitivity analysis -- Scenario analysis -- Probability analysis -- The risk of insolvency -- Problems of using probability analysis -- Evidence of risk analysis in practice -- Real options (managerial options) -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Self-review questions -- Questions and problems -- Assignments -- 7 Portfolio theory -- Learning outcomes -- Introduction -- Holding period returns -- Expected return and standard deviation for shares -- Combinations of investments -- Portfolio expected return and standard deviation -- Dominance and the efficient frontier -- Indifference curves -- Choosing the optimal portfolio -- The boundaries of diversification. Extension to a large number of securities -- Evidence on the benefits of diversification -- The capital market line -- Problems with portfolio theory -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Self-review questions -- Questions and problems -- Assignments -- 8 The Capital Asset Pricing Model and multi-factor models -- Learning outcomes -- Introduction -- Some fundamental ideas and problems -- A short history of shares, bonds and bills -- The Capital Asset Pricing Model -- Factor models -- The arbitrage pricing theory -- The three-factor model -- Fundamental beta -- Project appraisal and systematic risk -- Sceptics' views - alternative perspectives on risk -- Concluding comments -- Key points and concepts -- Appendix 8.1 Note on arithmetic and geometric means -- Appendix 8.2 Why professors do or do not use CAPM-beta -- References and further reading -- Case study recommendations -- Self-review questions -- Questions and problems -- Assignments -- Part 4 Sources of finance -- 9 Stock markets -- Learning outcomes -- Case study 9.1 Using the stock market both to create wealth and to treat disease -- Introduction -- Stock exchanges around the world -- Globalisation of financial flows -- Why do companies list their shares on more than one exchange? -- The importance of a well-run stock exchange -- The London Stock Exchange -- The UK equity markets available to companies -- Tasks for stock exchanges -- How stock exchanges work -- The ownership of UK shares -- Regulation -- Understanding the figures in the financial pages -- Taxation and corporate finance -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Websites -- Video presentations -- Self-review questions -- Questions and problems -- Assignments. 10 Raising equity capital -- Learning outcomes -- Case study 10.1 To float or not to float? -- Introduction -- What is equity capital? -- Preference shares -- Some unusual types of shares -- Floating on the Main Market (Official List) -- Methods of issue -- Timetable for a new issue (initial public offering) -- How does an AIM flotation differ from one on the Official List? -- The costs of new issues -- Rights issues -- Other equity issues -- Scrip issues -- Warrants -- Equity finance for unquoted firms -- How independent private fund is established and managed -- Disillusionment and dissatisfaction with quotation -- Concluding comments -- Key points and concepts -- Appendix 10.1 Reasons for and against floating -- References and further reading -- Case study recommendations -- Websites -- Video presentations -- Self-review questions -- Questions and problems -- Assignment -- 11 Long-term debt finance -- Learning outcomes -- Introduction -- Some fundamental features of debt finance -- Bonds -- Bank borrowing -- Syndicated loans -- Credit rating -- Mezzanine finance and high-yield (junk) bonds -- Case study 11.1 The junk bond wizard: Michael Milken -- Convertible bonds -- Valuing bonds -- International sources of debt finance -- Project finance -- Sale and leaseback -- Securitisation -- Islamic banking -- The term structure of interest rates -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Websites -- Video presentations -- Self-review questions -- Questions and problems -- Assignments -- 12 Short-term and medium-term finance -- Learning outcomes -- Introduction -- Short- and medium-term bank finance -- Trade credit -- Factoring -- Case study 11.1 Prestige pet products -- Hire purchase -- Leasing -- Bills of exchange -- Acceptance credits (bank bills or banker's acceptance). Treasury management -- Financing -- Risk management -- Working capital management -- Investment of temporary surplus funds -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Websites -- Video presentations -- Self-review questions -- Questions and problems -- Assignments -- 13 Stock market efficiency -- Learning outcomes -- Introduction -- What is meant by efficiency? -- Random walks -- The three levels of efficiency -- Weak-form tests -- Semi-strong form tests -- Strong-form tests -- Behavioural finance -- Misconceptions about the efficient market hypothesis -- Implications of the EMH for investors -- Implications of the EMH for companies -- Concluding comments -- Key points and concepts -- References and further reading -- Case study recommendations -- Self-review questions -- Questions and problems -- Assignment -- Part 5 Corporate value -- 14 Value-based management -- Learning outcomes -- Introduction -- Case study 14.1 Compass group -- The shareholder wealth-maximising goal -- Three steps of value -- Earnings-based management -- Return on capital employed (ROCE) has failings -- How a business creates value -- An overview of the application of value principles -- Strategic business unit management -- Corporate strategy -- Targets and motivation -- Case study 14.4 Strategy, planning and budgeting at Lloyds TSB -- Concluding comments -- Key points and concepts -- References and further reading -- Video presentations -- Case study recommendation -- Self-review questions -- Questions and problems -- Assignment -- 15 Value-creation metrics -- Learning outcomes -- Introduction -- Using cash flow to measure value -- Shareholder value analysis -- Economic profit -- Economic value added (EVA®) -- Total shareholder return (TSR) -- Wealth Added Index (WAI) -- Market Value added (MVA). Excess return (ER). |
Record Nr. | UNINA-9910150228103321 |
Arnold Glen | ||
Harlow, : Pearson, 2013 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Essentials of tourism |
Autore | Cooper Chris |
Edizione | [1st ed.] |
Pubbl/distr/stampa | [Place of publication not identified], : Pearson Financial Times/Prentice Hall, 2012 |
Descrizione fisica | 1 online resource (393 pages) |
Disciplina | 338.4/791 |
Soggetto topico |
Tourism
Geography Earth & Environmental Sciences Travel & Tourism |
ISBN | 0-273-72442-8 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Intro -- Cover -- Essentials of Tourism -- Brief contents -- Contents -- List of figures and Tables -- Preface -- Guided Tour -- Case Matrix -- Publisher's Acknowledements -- Tourism Essentials: An Introduction -- Tourism Essentials -- Learning Outcomes -- Introduction -- The History of Tourism -- The Subject of Tourism -- A Tourism System -- Definitions of Tourism -- Spatial Interaction Between the Components of the Tourism System: Tourist Flows -- Interrelationships and Classifications -- The Tourist Experience -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Destination Essentials -- The Destination -- Learning Outcomes -- Introduction -- Defining the Destination -- Common Features of Tourist Destinations -- Components of the Destination Amalgam -- The Sustainable Destination -- The Competitive Destination -- The Evolving Destination -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- The Economic consequences of Tourism -- Learning Outcomes -- Introduction -- The Supply Side of Tourism: Definitions and Characteristics -- The Demand Side of Tourism: Measurement Issues -- The Economic Consequences of Tourism -- The Economic Benefits of Tourism -- The Economic Costs of Tourism -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- The Environmental Consequences of Tourism -- Learning Outcomes -- Introduction -- The Developing Relationship Between Tourism and the Environment -- Carrying Capacity -- Consequences of Tourism for the Environment -- Climate Change -- Environmental Impact Assessment and Auditing -- Over-arching Issues -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- The Social and Cultural Consequences of Tourism -- Learning Outcomes -- Introduction -- Hosts and Guests.
The Consequences of Tourism for the Host Community -- Processes of Cultural Change -- Assessing the Social and Cultural Consequences of Tourism -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Sustainable Tourism -- Learning Outcomes -- Introduction -- Background to Sustainability -- The Pillars of Sustainability -- Concepts and Definitions -- Types of Tourism Sustainability -- Principles of Sustainable Tourism -- Implementation of Sustainability -- The Role of Government in Implementing Sustainable Tourism -- Contemporary Tools of Sustainable Tourism -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Tourism Sector Essentials -- Attractions -- Learning Outcomes -- Introduction -- Defining Visitor Attractions -- Characteristics of Visitor Attractions -- Classifying Visitor Attractions -- Specific Types of Visitor Attraction -- Managing Visitor Attractions -- The Future of Visitor Attractions -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Accommodation -- Learning Outcomes -- Introduction -- Definitions and Scope -- History of the Hospitality Industry -- Structure of the Hospitality Industry -- Hospitality Organisations -- Managing the Hospitality Industry -- Hospitality Operations -- Environmental Issues -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Intermediaries -- Learning Outcomes -- Introduction -- Tourism Distribution Channels -- Intermediaries -- Intermediaries: Tour Operators -- Intermediaries: Travel Agents -- Integration in the Distribution Channel -- Technology -- Future Trends -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Transport -- Learning Outcomes -- Introduction -- Transport Networks -- Elements of a Transport System. Managing Transport Systems: Demand -- Managing Transport Systems: Transport Costs and Pricing -- Managing Transport Systems: The Public Sector -- Transport Modes for Tourism -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Government and Tourism -- Learning Outcomes -- Introduction -- The Role of Government in Tourism -- Tourism Policy -- Government Tourism Organisations -- Contemporary Approaches to Integrated Tourism Governance -- The Anatomy of Tourism Planning -- The Tourism Planning Process -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Tourism Demand and Marketing Essentials -- Demand -- Learning Outcomes -- Introduction -- Definitions and Concepts -- The Tourist Consumer Decision Making Process -- Models of Consumer Behaviour in Tourism -- An Evaluation of Consumer Behaviour Models in Tourism -- Determinants of Demand for Tourism -- Forecasting Tourism Demand -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Tourism Marketing -- Learning Outcomes -- Introduction -- The Concept of Marketing -- Evolution of Marketing Approaches -- A Tourism Marketing Gap? -- Marketing Approaches for Tourism Organisations -- Market Planning in Tourism and Hospitality -- Putting it all Together: Tourism Product Markets -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Tourism Futures: The Essentials -- Tourism Futures -- Learning Outcomes -- Introduction -- The Future Drivers of Tourism -- The Response - Tourism Futures -- Tourism Market Futures -- Destination Futures -- Transport Futures -- Future Tourism Products -- Cross-Cutting Issues for Tourism Futures -- Summary -- Discussion Questions -- Annotated Further Reading -- References Cited -- Index. |
Record Nr. | UNINA-9910150230003321 |
Cooper Chris | ||
[Place of publication not identified], : Pearson Financial Times/Prentice Hall, 2012 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
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Extreme money : the masters of the universe and the cult of risk / / Satyajit Das |
Autore | Das Satyajit |
Edizione | [1st edition] |
Pubbl/distr/stampa | Harlow, England ; ; New York, New York : , : Pearson Financial Times/Prentice Hall, , [2011] |
Descrizione fisica | 1 online resource (xxi, 514 p.) : ill |
Disciplina | 332.6 |
Soggetto topico |
Finance
Money |
ISBN |
0-273-77639-8
0-273-72420-7 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover -- Praise for Extreme Money -- Extreme Money -- Contents -- Figures and tables -- Prologue: Hubris -- Sub-prime dialects -- Best in show -- The Physical Impossibility of Death in theMind of Someone Living -- Retreat -- Swiss inquisitions -- Idea of an investment -- Ambush -- Mega presentations -- Fording streams -- Liquidity and leverage -- Democracy of greed -- Pick and pay -- Black Sea real estate -- Life on the margin -- Racing days -- Dr Doom -- Extreme money -- Part 1: Faith -- Mirror of the times -- Some kinda money -- Trading places -- The invention of money -- Barbarous relic -- The real thing -- The Hotel New Hampshire -- Collapse -- Money machines -- Debt clock -- Money is nothing -- The mirrored room -- Money changes everything -- Mrs Watanabe goes to Wall Street -- FX Beauties Club -- Plutonomy -- Trickling down, trading up -- I shop, therefore I must be! -- Spend it like Beckham! -- Golden years -- Tax avoidance -- Japanese curse -- The god of our time -- Business of business -- Limited consciences -- A brilliant daring speculation -- Dirty tricks -- Marriages and separations -- The house that Jack built -- Capital ideas -- WWJD - watch what Jack did! -- Business dealings -- Money for sale -- It's a wonderful bank! -- Pass the parcel -- Loan frenzy -- Plastic fantastic money -- Casino banking -- Confidence tricks -- The Citi of money -- Sign of the times -- Yellow brick road -- Monumental money -- The battle of the 'pond' -- Cool Britannia -- Barbarian invasions -- Unlikely centres -- El-Dollardo economics -- The unbalanced bicycle -- Foreign treasure -- Fool's gold -- Liquidity vortex -- Money honey -- Printing it -- Column inches -- Video money -- Studs, starlets -- Financial porn -- Speedy money -- Literary money -- Money for all -- Part 2: Fundamentalism -- Los Cee-Ca-Go boys -- Dismal science -- Chicago Interpretation.
Economic politics -- Academic warfare -- The Gipper and the Iron Lady -- Political economy -- New old deal -- The monetary lens -- Unstable stability? -- False gods, fake prophecies -- Mystery of price -- Demon of chance -- Corporate M&Ms -- Risk taming -- Slow and quick money -- Corporate practice -- Everything is just noise -- Perfect worlds -- Financial fundamentalism -- Fata morgana -- Part 3: Alchemy -- Learning to love debt -- Fixed floor coverings -- By the bootstraps -- Leverage for everything -- Cutting to the bone -- Professor Jensen goes to Wall Street -- Drowning by numbers -- Censored loans -- High opportunity bonds -- Fallen angels -- Junk people -- Milken's mobsters -- The sweet envy of bankers -- Thank you for borrowing -- One bridge too far -- National treasure -- Private vices -- Excess returns -- Sexy private equity -- Inflight entertainment -- Selling the family silver -- Holey dollar -- Money for nothing -- Public squalor, private profits -- Locust plagues -- Vain capital -- Amateur hour -- Turbulence -- Dice with debt -- Securitisation recipes -- Slice and dice -- Almost as safe as houses -- Synthetic stuff -- Get copula-ed -- Sticky mess -- Several houses of one's own -- Cheaper cuts of mortgage -- ARMs race -- Heroes for one day -- The doomsday debt machine -- Alpha-debt soup -- In the shadow of debt -- Virtual loans -- Counting on the abacus -- Intellectual masturbation -- Used to be smart -- Chain reaction -- Phase transition -- Terra incognita -- Risk supermarkets -- Mind your derivatives -- Particle finance -- Hedging your bets -- Sewer bonds -- Harvard case studies -- The Italian job -- Betting your hedge -- TARDIS trades -- I will kill you later -- First to lose -- Toxic municipal siblings -- Playing swaps and robbers -- The Greek job -- Madman's games -- Financial arms race -- Shock-Gen -- Evil Kerviel -- Soldier monks. Mystère Kerviel -- Risk is our business -- Free money -- Credit's fatal attraction -- Post-modern contradictions -- Derivative deconstruction -- Piñata parties -- Woodstock for hedge funds -- Keeping up with the Joneses -- In search of Moby Dick -- Style gurus -- Magic wand -- Lucky man -- Sharpe practice -- Embedded -- In the long run, we are all dead -- The game -- The more things change -- Hedgestock -- Minsky machines -- Affinities and curses -- Crowded hours -- Crime without punishment -- Fast cars, slow hedge funds -- Fast cornering -- Children of privilege -- Make money not war -- Part 4: Oligarchy -- War games -- Borrowed times -- Liquidity factory -- Six degrees of separation -- Paper chains -- Toxic pathologies -- Relying on the Zohar -- Blind capital -- Rent collectors -- Best in best possible world -- Shell games -- Central bank republics -- Games of old maid -- Protection rackets -- Stockholm Syndrome -- Free speech -- No accounting for values -- Mark to make believe -- Out of sight -- Creeping crumble -- Management by neglect -- Directing traffic -- Cult of risk -- Growth for all seasons -- Financial groupthink -- Celebrity central banking -- Dealing with dissent -- Noneofuscouldanode -- Je ne regrette rien! -- Last supper -- Masters of the Universe -- Money illusions -- Factories for unhappy people -- War versus money -- Shop floors -- Misinformed -- Smiling and killing -- Pay grades -- Much more than this -- Attached -- Bonus season -- Plenty -- Tipping points -- Financial nihilism -- Cosmetic consumption -- The physical impossibility of spending the amount earned by someone living -- Celebrity finance -- Manqué not monkey -- Wizard and muggles -- In the midnight hour -- Last rites -- Safe as -- Snuff movies -- Silent mass murder -- Part 5: Cracks -- Financial gravity -- Air pockets -- Mass extinction -- ER -- This is not a seminar!. ICU -- Country for sale -- Crying games -- Newtonian economics -- Unusually uncertain -- Botox economics -- China syndrome -- Regulatory dialectic -- Patient zero -- Nowhere to run, nowhere to hide -- Built to fail -- End of Ponzi prosperity? -- Losing the commanding heights -- Zen finance -- Unknown unknowns -- Epilogue: Nemesis -- Marginal -- Widows and orphans -- Nausea -- Crunch porn, crash lit -- Economic rock stars -- Showtime -- Meta money -- Economic trivialities -- This time, it is no different! -- Suicide is painless -- The turning world -- Notes -- Select bibliography -- Index. |
Record Nr. | UNINA-9910150234203321 |
Das Satyajit | ||
Harlow, England ; ; New York, New York : , : Pearson Financial Times/Prentice Hall, , [2011] | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|