Description
Book Synopsis: This 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.
Details
Unlock the secret to long-term value creation with the groundbreaking book, Corporate Finance for Long-Term Value (Springer Texts in Business and Economics). This essential resource is specially designed for modern companies that are committed to building a sustainable future. Unlike traditional textbooks, it embraces the integrated model, emphasizing the need for businesses to balance financial, social, and environmental interests. By adopting this progressive approach, you'll gain the knowledge and tools to optimize integrated value while maximizing financial gains.
Dive into the world of sustainable finance with our comprehensive guide. We explore the role of the Sustainable Development Goals as a strategic framework for creating a resilient economy. Discover how you can align your company's mission with these goals and leverage them to drive long-term success. With a keen focus on core corporate finance methods such as net present value, company valuation, and cost of capital, you'll gain the expertise needed to make socially responsible investment decisions.
Get ready to revolutionize your understanding of corporate finance. Our textbook not only provides a solid theoretical foundation but also offers real-world examples and empirical data. We bridge the gap between theory and practice, enabling you to navigate the complexities of sustainable investment. Whether you're an undergraduate or graduate student in Finance, Economics, or Business Administration, this textbook is an absolute must-have for anyone who aspires to play a part in the transition to a sustainable and prosperous economy.
Don't miss out on this exceptional opportunity to reshape the future of finance. Join the growing movement of forward-thinking companies that prioritize integrated value creation. Take the first step towards transforming your business and revolutionizing the corporate finance landscape. Order your copy of Corporate Finance for Long-Term Value (Springer Texts in Business and Economics) today and unlock a world of sustainable financial possibilities.
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