Strategy, Value and Risk: A Guide to Advanced Financial Management

Strategy, Value and Risk: A Guide to Advanced Financial Management

by J. Rogers
Strategy, Value and Risk: A Guide to Advanced Financial Management

Strategy, Value and Risk: A Guide to Advanced Financial Management

by J. Rogers

eBook2013 (2013)

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Overview

Updated and revised, the third edition frames strategy as delivering firm value in both the short and long term while maintaining a sustainable competitive advantage. These issues are examined through industry evolution, the rise of the information economy, financial analysis, corporate and quantitative finance, and risk management concepts.

Product Details

ISBN-13: 9780230392687
Publisher: Palgrave Macmillan
Publication date: 04/03/2013
Series: Global Financial Markets
Sold by: Barnes & Noble
Format: eBook
Pages: 224
File size: 12 MB
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About the Author

JAMIE ROGERS is a consultant based in New York, USA. He has extensive experience in a range of areas that include valuation and risk management in the financial, energy and commodity markets, corporate finance and derivatives.

Table of Contents

List of Figures and Tables Preface Acknowledgements Introduction The external environment Strategy, value and risk References THE EVOLUTION OF STRATEGY, VALUE AND MEASURING RISK Strategy Innovation and the entrepreneur The evolution of industry sectors From corporate planning to shareholder value Strategy and value Appendix - The classification of industry sectors References Value Overview The accounting foundations Stocks and flows Ratio analysis Investments References Risk Investment risk Why manage risk Defining and measuring risk The risk drivers Value and risk References THE ANALYSIS OF PERFORMANCE AND INVESTMENTS The Analysis of Performance Valuation Firm Asset Debt Equity Residual earnings Free cash flows Pro forma analysis References The Analysis of Investments Introduction A corporate software upgrade An energy natural gas power plant Pharmaceutical research and development Growth, adaption and continuity Firm abandonment The sale of corporate real estate assets References QUANTITATIVE ANALYTICS AND METHODS Data Analysis Data and information Time series analysis Volatility The lognormal distribution Which volatility? References Derivatives Futures, forwards and options The replicating portfolio and risk-neutral valuation References Option Pricing Methods A model for asset prices The Black-Scholes formula Numerical techniques References Implementing Derivative Models Spot price models Forward curve models Alternative real options methods Model risk Real option portfolios and complex payoffs References Conclusion and Practical Implications Index
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