Corporate Finance: The Basics is a concise introduction to the inner workings of finance at the company level. It aims to take the fear out of corporate finance and add the fun in, presenting the subject in a way that is simple to grasp and easy to digest. Its aim is to explain – and demystify – the essential ideas of corporate finance, avoiding the heavy use of maths and formulae. The calculations and figures in the book are purely to illustrate fundamental concepts, appealing to readers’ common sense, rather than stretch their ability to do "number-crunching".
Topics covered include:
- Financial statements through the corporate finance lens
- How to make investment decisions
- Cash versus profit
- Net working capital management
- How to determine the value of a business
Through the use of a subject map, this book explains how the key components of the subject are connected with each other, strengthening the reader’s understanding. This book is the ideal introduction for anyone looking for a short yet scholarly overview of corporate finance.
About the Author
Terence C.M. Tse is Associate Professor of Finance at ESCP Europe Business School. He teaches corporate finance at all degree levels and has run numerous executive training workshops around the world. In addition to his advisory role to the EU, Terence has provided commentaries on the latest current economic and financial affairs and market developments in newspapers, on television and on the radio. Before joining the world of academia, he worked in mergers and acquisitions at Schroders, Citibank and Lazard, and in UK financial services advisory at Ernst & Young. He obtained his doctoral degree from the Cambridge Judge Business School, University of Cambridge, UK.
Table of Contents
Chapter 1 Financial statements
Chapter 2 Financial decisions and investment criteria
Chapter 3 Free cash flows
Chapter 4 Net working capital management
Chapter 5 Debt
Chapter 6 Equity
Chapter 7 Mergers and acquisitions (I)
Chapter 8 Mergers and acquisitions (II)
Chapter 9 Corporate finance: The big picture