000 05020nam a22005895i 4500
001 978-3-031-35009-2
003 DE-He213
005 20240508082117.0
007 cr nn 008mamaa
008 230913s2023 sz | s |||| 0|eng d
020 _a9783031350092
_9978-3-031-35009-2
024 7 _a10.1007/978-3-031-35009-2
_2doi
050 4 _aHG4001-4285
072 7 _aKFFH
_2bicssc
072 7 _aBUS017000
_2bisacsh
072 7 _aKFFH
_2thema
082 0 4 _a658.15
_223
100 1 _aSchoenmaker, Dirk.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 1 0 _aCorporate Finance for Long-Term Value
_h[electronic resource] /
_cby Dirk Schoenmaker, Willem Schramade.
250 _a1st ed. 2023.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2023.
300 _aXXXIX, 630 p. 198 illus., 182 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringer Texts in Business and Economics,
_x2192-4341
505 0 _aIntroduction -- Part 1: Why Corporate Finance for Long-term Value? -- Chapter 1. The Company Within Social and Planetary Boundaries -- Chapter 2. Integrated Value Creation -- Chapter 3. Corporate Governance -- Part 2: Discount Rates and Valuation Methods -- Chapter 4. Discount Rates and the Scarcity of Capital -- Chapter 5. Calculating Social and Environmental Value -- Chapter 6. Investment Decision Rules -- Chapter 7. Capital Budgeting -- Part 3: Valuation of Companies -- Chapter 8. Valuing Bonds -- Chapter 9. Valuing Public Equity -- Chapter 10. Valuing Private Equity -- Chapter 11. Case-study Integrated Valuation: Inditex -- Part 4: Risk, Return and Impact -- Chapter 12. Risk-return Analysis -- Chapter 13. Cost of Capital -- Chapter 14. Capital Market Adaptability, Investor Behaviour and Impact -- Part 5: Corporate Financial Policies -- Chapter 15. Capital Structure -- Chapter 16. Issues and Pay-outs -- Chapter 17. Reporting and Investor Relations -- Chapter 18. Mergers and Acquisitions -- Chapter 19. Options on All Capitals.
506 0 _aOpen Access
520 _aThis open access textbook offers a guide to corporate finance for modern companies that want to create long-term value. Drawing on recent literature on sustainable companies, it starts by analysing the Sustainable Development Goals as a strategy for the transition to a sustainable economy. Next, it translates the general concept of sustainability into core corporate finance methods, such as net present value, company valuation, cost of capital, capital structure and M&A. Current corporate finance textbooks are primarily based on the shareholder model, designed to maximise financial value. This book instead adopts the integrated model, which argues that companies have to serve the interests of their current and future stakeholders. Accordingly, companies move from simply maximising financial value to optimising integrated value, which combines financial, social and environmental value. Applying this new paradigm of integrated value is the truly innovative feature of this textbook. Written for undergraduate and graduate students of Finance, Economics, and Business Administration, this textbook provides a fresh analysis of corporate finance. Combining theory, empirical data and examples from actual companies, it reveals the sustainability challenges for corporate investment and shows how finance can be used to steer funds to sustainable companies and projects and thus accelerate the transition to a sustainable economy. Dirk Schoenmaker and Willem Schramade have set the example: corporate finance teaching can be adapted to focus on sustainable finance without compromising on the rigour and fundamentals of the core finance curriculum. Social and environmental objectives deserve their role in business decisions, Corporate Finance for Long-Term Value brings it to the class room. - Arnoud Boot, Professor of Corporate Finance at University of Amsterdam.
650 0 _aBusiness enterprises
_xFinance.
650 0 _aBusiness ethics.
650 0 _aCapital market.
650 0 _aFinancial risk management.
650 1 4 _aCorporate Finance.
650 2 4 _aBusiness Ethics.
650 2 4 _aCapital Markets.
650 2 4 _aRisk Management.
700 1 _aSchramade, Willem.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031350085
776 0 8 _iPrinted edition:
_z9783031350108
776 0 8 _iPrinted edition:
_z9783031350115
830 0 _aSpringer Texts in Business and Economics,
_x2192-4341
856 4 0 _uhttps://doi.org/10.1007/978-3-031-35009-2
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
912 _aZDB-2-SOB
999 _c37626
_d37626