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Strategic Financial Management

Description

In a world of geo-political, social and economic uncertainty, Strategic Financial Management is under pressure. This book reviews the subject within the context of current events. Each chapter contains activities (with solutions) to test understanding at your own pace. Comprehensive, yet concise, the material is also presented logically as a guide to further study. First, the investment decision, which maximises net present value and shareholder wealth. Next, the finance decision, which allocates least-cost combinations of capital resources. Finally, the wealth decision, which examines how internal investment and financial decisions should be externally monitored by the market.

Keywords

Finance Investment Separation Theorem markets Capital Budgeting Liquidity Profitability Internal Rate of Return Equity Dividend Debt Valuation Capital Gearing Shareholder Wealth Economic Value Added (EVA) Market Value Added (MVA) Cash Flow

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