Finance For Strategic Decision Making: What Non-financial Managers Need To Know 1st Edition

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In Finance for Strategic Decision-Making, the authors show how a corporation's financing decision can critically enhance or hamper their ability to respond to competitive challenges, undertake new projects, and to overcome financial setbacks, and how this affects shareholder value. As with all books in the UMBS series, this will be a short practical guide to help managers understand the interplay between financing choices and a corporations' overall strategic objectives. It will provide the reader with a coherent framework that provides practical and intellectually sound guidance on financing issues. Special Feature First book to help non-financial managers understand the financial framework for making strategic decisions This book will also appeal to investors who wish to understand why companies make certain decisions. UMBS ranked #1 large business school by Wall Street Journal About the Author M.P. Narayanan is Professor of Finance at University of Michigan Business School. He is the Faculty Director of the Finance for Non-Financial Managers program and the Finance for Strategic Decision-Making program. He has been a consultant to companies such as IBM, Johnson & Johnson, Lucas-TVS, and American Water Works Association. He is actively involved in the school's international executive education programs in Asia and Europe. He has published articles in Journal of Financial Economics, Journal of Financial Intermediation, Journal of Financial and Quantitative Analysis, and Journal of Business. Vikram K. Nanda is Associate Professor of Finance at UMBS. His articles have been published in Journal of Corporate Finance, Journal of Financial Intermediation, Journal of Finance and Quantitative Analysis, and Journal of Business. Table of Contents Series Foreword Preface Finance and Corporate Strategy The Resource Allocation Decision Cost of Capital Capital Structure and Financing Payout Policy Mergers and Acquisitions Divestitures Risk Management Performance Evaluation Notes The Authors Index