PART l: FlNANClNG CURRENT OPERATlONS
Introductory
Estimating Funds Requirements-Short-Term Sources of Finance
Secular Growth
Seasonal Needs
Cyclical Needs
Cash Budgeting
Financial Forecasting
Bank Financing
PARTn: LONG-TERM FlNANClNG AND
LlABBLlTY MANAGEMENT
Debt Policy
Eamings Impact of Leverage
Target Debt Policy
Costs of Financial Distress
Impact of Leverage on Distributable Funds
Debt Policy in a Dynamic Context
Debt Policy in a Dynamic Context
Flexibility and Sequencing
Capital Market Effidency and Security Pricing
Valuing Cash.Flows
Weak Form and Semistrong Efficiency
Insider Trading and Strong-Form Efficiency
Information Asymmetries and Mispricings
Cash Distributions and Market Signaling
Designing Securities to Match Investor Needs:
Designing Securities to Match Investor Needs:
Private versus Public Debt
Derivative Instnunents and Risk Management
Basic Derivative Instruments
Basic Derivative Instruments
Insuring with Options
Commodity Price Risk: Diversification
versus Insurance
Currcncy Risk: Insurance versus Hedging
Interest Rate Risk: Hedging with Swaps
Financial Execution
Equity-Linked Securities
Sourcing Funds Globally: Debt
Sourcing Funds Globally: ADRs
PART ffl: VALUATlON AND INVESTMENT
Investmeot Decisions
Discounted Cash Flow Techniques
Identifying Incremental Cash Flows
Valuing Projects
Cross-Border Valuation
Real Options
Cost of Capital
Risk and the Opportunity Cost of Capital
Cost of Capital Theory
Use of the WACC in a Multidivisional Context
Mergers, Acquisitions, Restructurings, and Corporate Governance
Valuing Projects and Businesses
Valuing Companies
Initial Public Offerings
Hostile Takeovers
Changing Strategies by Acquisition
Highly Leveraged Transactions
Debt Restructuring and Event Risk
Value-Based Management
PARTlV: REVlEW AND SYNTHESlS
Comprehensive Overview
Appendixes
A
B
C
Index of Cases
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