Jr , John B Guerard, Eli Schwartz – Quantitative Corporate Finance

Jr , John B Guerard, Eli Schwartz – Quantitative Corporate Finance

By: Jr , John B Guerard, Eli Schwartz

Publisher: Springer, 1 edition (2007)

Pages: 544

Format: Ebook (PDF)

Description

Quantitative Corporate Finance presents a comprehensive treatment of the legal arrangement of the corporation, the instruments and institutions through which capital can be raised, the management of the flow of funds through the individual firm, and the methods of dividing the risks and returns among the various contributors of funds. Guerard and Schwartz cover a wide variety of tools and techniques used to evaluate and manage financial performance, with particular emphasis on the application of regression analysis, time series modeling, the Capital Asset Pricing Model (CAPM), and multi-factor risk models. Moreover, they address such timely topics as optimal capital structure (in the United States and internationally), dividend policy, sales forecasting and pro forma statement analysis, the regulatory environment, mergers and acquisitions, bankruptcy, management-shareholder relations, and the corporation as a social and economic institution. Featuring detailed worked examples and practical problems throughout, the book is designed to serve as a graduate-level text and a practical reference for practitioners, analysts, and regulators.

“In Chapters 1 to 11, Quantitative Corporate Finance covers basic financial analysis, legal-regulatory background, financing instruments, financing, and capital budgeting. The strength of this text that differentiates it from more traditional (i.e., less quantitative) corporate finance texts is an introduction to statistics and forecasting (Chapter 12) and on-going integration of statistical and forecasting tools into much of the following ten chapters. It is also very strong on integrating modern portfolio theory and competitive financial markets with imperfect, costly information into decision frameworks (including multifactor/multibeta risk and BARRA optimization). In the hands of a skilled instructor, this text can move students closer to that crucial job skill of being able to apply and use financial concepts and methods – a critical need for today’s very competitive market for finance graduates.”

Bernell K. Stone, Harold F. Silver Professor of Finance, Brigham Young University

“Guerard and Schwartz have written an excellent introduction to quantitative corporate finance, making their ideas accessible to practicing managers and students alike.”

Jim Vander Weide, Research Professor of Finance and Economics, Duke University

Table of contents (22 chapters)

• Introduction: Capital Formation, Risk, and the Corporation

  Pages 1-10

• The Corporation and Other Forms of Business Organization

  Pages 11-30

• The Corporation Balance Sheet

  Pages 31-56

• The Operating Statements: The Income Statement and Annual Cash Flow Statement

  Pages 57-77

• Financing Current Operations, Ratio And Credit Analysis

  Pages 79-103

• Financing Current Operations And The Cash Budget

  Pages 105-122

• Capital and New Issue Markets

  Pages 123-156

• The Equity of the Corporation: Common and Preferred Stock

  Pages 157-185

• Long-Term Debt

  Pages 187-222

• Debt, Equity, the Optimal Financial Structure and the Cost of Funds

  Pages 223-245

• Investing in Assets: Theory of Investment Decision Making

  Pages 247-276

• Regression Analysis And Forecasting Models

  Pages 277-301

• Time Series Modeling and the Forecasting Effectiveness of the U.S. Leading Economic Indicators

  Pages 303-336

• Risk and Return on Equity and the Capital Asset Pricing Model

  Pages 337-364

• Multi-Factor Risk Models

  Pages 365-391

• Options

  Pages 393-414

• Real Options

  Pages 415-424

• Mergers and Acquisitions

  Pages 425-456

• Liquidation, Failure, Bankruptcy, and Reorganization

  Pages 457-475

• Corporation Growth and Economic Growth and Stability

  Pages 477-487

• International Business Finance

  Pages 489-511

• Management-Stockholder Relations

  Pages 513-533