Corporate Finance Theory And Practice

This book covers the theory and practice of Corporate Finance from a truly European perspective. It shows how to use financial theory to solve practical problems and is written for students of corporate finance and financial analysis and practising Corporate Financiers. Corporate Finance is split into four sections and covers the basics of financial analysis; the basic theoretical knowledge that you will need to value a firm; the major types of financial securities - equity, debt & options, and finally financial management which shows you how to organise a company's equity capital, buying and selling companies, M&A, bankruptcy and cash flow management.Key features include: A section on financial analysis - a Corporate Financier must understand a company based on a detailed analysis of its accounts. Large numbers neglected this approach during the last stock market bubble and were caught in the crash that inevitably followed. How many investors took the trouble to read Enron's annual report? Those who did found that it spoke volumes! End of chapter summaries, questions and answers, European case studies and a glossary. A supporting website with free access to statistics; a glossary and lexicon; articles; notes on financial transactions; basic financial figures for more than 10,000 European and US listed companies; thesis topics; a bibliography; case studies; Q&A, and a letter box for your questions to the authors. A free monthly newsletter on Corporate Finance sent out to subscribers to the site. Understanding Corporate Finance is key to successful company management. From a banker's point of view, a good understanding of Corporate Finance is crucial to assist a company. The Vernimmen, written for Europeans by Europeans is a most useful reference for the student as well as the practitioner. The style of the book is concise, yet every conceivable aspect of Corporate Finance is covered. Complemented by an exhaustive website containing summaries of key concepts, of formulae, and of financial statements from a wide range of companies, the Vernimmen is a must. Michael Rockinger, Professor of Finance, Director of the Institute of Banking and Finance, HEC & FAME, University of Lausanne, Switzerland This book was the first finance book I read as a student in my twenties. I read it again in my thirties to review some of the key finance challenges I was facing in my professional life. Now, in my forties, I am reviewing it once more to compare the reality I have to face now in Asia, with the most advanced financial concepts. I have never been disappointed and have always been able to find the appropriate answer to my questions, as well as food for thought. I am sure my children will read it when I am in my fifties, as Vernimmen is not just another book on finance: this is finance as a life experiment.I strongly recommend this book to all the corporate managers facing new questions or challenges in their professional lives, especially in an international multi-currency context.You do not need to be a finance expert to enjoy reading it, as it's really easy to understand, with enough explanations, concrete examples'and humour, to help you jump successfully into the most sophisticated theories. But if you are an expert, you will also find food for thought, as its methodological bases are strong enough to satisfy the most demanding CFO. Jean-Michel Moutin, CFO, Louis Vuitton Asia Pacific-Japan This book efficiently bridges financial theory and practice, and encapsulates everything a Corporate Finance banker will ever need to know and understand. It is obvious that the authors are passionate about finance, and their enthusiasm is contagious. Written in an easy and accessible style, this book deserves to become a reference work. Jan ZarzyQuiry, Pascal is the author of 'Corporate Finance Theory And Practice', published 2005 under ISBN 9780470092255 and ISBN 0470092254.