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Financial Strategy / Edition 2

Financial Strategy / Edition 2


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Product Details

ISBN-13: 9780470016565
Publisher: Wiley
Publication date: 03/31/2006
Edition description: Revised Edition
Pages: 492
Product dimensions: 6.40(w) x 9.50(h) x 1.00(d)

About the Author

Janette Rutterford is Professor of Financial Management atthe Open University Business School.

Martin Upton is a Lecturer in Finance at the OpenUniversity Business School and was formerly Treasurer of theNationwide Building Society.

Devendra Kodwani is a Lecturer in Finance at the OpenUniversity Business School.

Table of Contents


Section 1 Trends in Finance Theory.

Section Overview (Janette Rutterford).

1 The World was their Oyster: International DiversificationPre-World War I (Janette Rutterford).

CASE STUDY 1 Global Evidence on the Equity Risk Premium (ElroyDimson, Paul Marsh and Mike Staunton).

2 Behavioral Finance (Jay R. Ritter).

CASE STUDY 2 Do Fundamentals – or Emotions – Drivethe Stock Market? (Marc Goedhart, Timothy Koller and DavidWessels).

Section 2 Adding Value Through Investment.

Section Overview (Janette Rutterford).

3 Why Bad Projects Are So Hard to Kill (IsabelleRoyer).

4 Realizing the Potential of Real Options: Does Theory MeetPractice? (Alexander Triantis).

CASE STUDY 3 Real Options (K. Leslie and M. Michaels).

5 Mergers, MNEs and Innovation: The Need for New ResearchApproaches (Christian Berggren).

CASE STUDY 4 Why Most Cross-Border Deals End in Tears (SimonLondon).

Section 3 Adding Value Through Financing.

Section Overview (Janette Rutterford).

6 The Capital Structure Puzzle: Another Look at theEvidence (Michael J. Barclay and Clifford W. Smith, Jr.).

7 Disappearing Dividends: Changing Firm Characteristics orLower Propensity to Pay? (Eugene F. Fama and Kenneth R.French).

8 The Value of Share Buybacks (Richard Dobbs and WernerRehm).

CASE STUDY 5 Capital Ideas (Keith Boyfield).

CASE STUDY 6 Death of the Dividend? (Adrian Wood).

CASE STUDY 7 Sciona: A Venture Capital Case Study (ColinBond).

9 Initial Public Offerings (Jay R. Ritter).

CASE STUDY 8 Google Press Cuttings.

(A) Are You About to Get Googled? (Tony Glover).

(B) Ignore Wall St’s Whining – Google’s IPOWorked (James Surowiecki).

(C) Google's Earnings More than Double 1st Quarterly Results asPublic Firm Strong (Robert Weisman).

(D) How High Can Google Fly? (Verne Kopytoff).

(E) Bowling for Google (Paul R. La Monica).

(F) Google’s Rising Share Price is Cold Comfort forInvestors (Stephen Schurr).

Section 4 Adding Value through Risk Management.

Section Overview (Martin Upton).

10 Operating Exposure (D.R. Lessard and J.B.Lightstone).

11 Currency Exchange Trading and Rogue Trader John Rusnak(Sharon Burke).

12 Value at Risk: Uses and Abuses (Christopher L. Culp,Merton H. Miller and Andrea M.P. Neves).

13 Learning to Live with Fixed Rate Mortgages: AnEvolutionary Approach to Risk Management (Martin Upton).

14 Credit Derivatives (John Kiff and Ron Morrow).

CASE STUDY 9 Journey to Junk (Jenny Wiggins).

CASE STUDY 10 Who Rates the Raters? (The Economist).

Section 5 Measuring Performance.

Section Overview (Janette Rutterford).

15 What can be Expected from Accounting Standards?(Gilbert Gélard).

CASE STUDY 11 Queens Moat Houses plc (Queens Moat Houses plcAnnual Accounts).

CASE STUDY 12 Learn by Numbers (Keith Boyfield).

16 A Star to Sail By? (The Economist).

17 EVA Implementation, Market Over-Reaction, and the Theoryof Low-Hanging Fruit (Barbara Lougee, Ashok Natarajan and JamesS. Wallace).

18 Transforming the Balanced Scorecard from PerformanceMeasurement to Strategic Management: Part I (Robert S. Kaplanand David P. Norton).

19 Performance Indicators: 20 Early Lessons from ManagerialUse (Andrew Likierman).

Section 6 Governance and Ethics.

Section Overview (Janette Rutterford).

20 It’s Time to Rebalance the Scorecard (James M.Higgins and David M. Currie).

21 Stakeholder Capitalism (Will Hutton).

CASE STUDY 13 The State of Denial We're In (TheEconomist).

22 Controversy Incorporated (David Cogman and Jeremy M.Oppenheim).

CASE STUDY 14 An Interview with Microsoft's CFO (Bertil E.Chappuis and Timothy M. Koller).

CASE STUDY 15 Corporate Governance Failures: To What Extent isParmalat a Particularly Italian Case? (Andrea Melis).

CASE STUDY 16 Companies Still Failing to Fill the Funding Gap(Lucy Warwick-Ching).


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