Table of Contents

Part I. Financial Concepts and Techniques
1. Financial Management and Value Creation: An Overview
2. The Time Value of Money
3. Risk and Return

Part II. Evaluating Business Performance
4. Interpreting Financial Statements
5. Analyzing Operational Efficiency and Liquidity
6. Analyzing Profitability, Risk, and Growth

Part III. Making Investment Decisions
7. Using the NPV Rule to Make Value-Creating Investment Decisions
8. Alternatives to the Net Present Value Rule
9. Identifying and Estimating a Project’s Cash Flows

Part IV. Making Financing Decisions
10. Valuing Bonds and Common Stocks
11. Raising Capital and Paying Out Cash
12. Estimating the Cost of Capital
13. Designing a Capital Structure

Part V. Making Business Decisions
14. Valuing and Acquiring a Business
15. Managing Corporate Risk
16. Understanding Forward, Futures and Options and their Contribution to Corporate Finance
17. Making International Business Decisions
18. Managing for Value Creation

About the Author

Gabriel Hawawini is an Emeritus Professor of Finance at INSEAD where he held the Henry Grunfeld Chair in Investment Banking and served as Dean. He previously taught at New York University, the City University of New York, Columbia University and the Wharton School of the University of Pennsylvania. He is the author of numerous books and research papers on financial markets and corporate finance. In addition to teaching value-based management seminars around the world, he also sits on the boards of several companies. Claude Viallet was Emeritus Professor of Finance at INSEAD. Before joining INSEAD, he worked as a project manager at a major oil company and as Chief Financial Officer of a service company in Paris. In addition to his tenure at INSEAD, Professor Viallet was a Visiting Professor of Finance at the Kellogg School of Management of Northwestern University. He organized, directed and taught management-development programs and provided consulting services to companies around the world.