Corporate Financial Strategy

by Ruth Bender, Chris Ansell, Keith Ward

Book Overview

The field of Corporate Finance has developed into a fairly complex one from its origins focussed on a company's business and financial needs (financing, risk management, capitalization and budgeting). Corporate Financial Strategy provides a critical introduction to the field and in doing so shows how organizations' financial strategies can be aligned with their overall business strategies.

Retaining the popular fundamentals of previous editions,...

• Format: Paperback
• Language: English
• ISBN: 0415640415
• ISBN13: 9780415640411
• Release Date: October 2013
• Publisher: Routledge
• Length: 390 Pages
• Weight: 1.60 lbs.
• Dimensions: 0.9" x 6.8" x 9.6"

Customer Reviews

One of a kind

I teach seminars to experienced bankers on risk management and corporate capital raising. This is the first, and only, book I have found which gives a real framework for understanding capital-raising choices made by corporations that is practical, rather than purely academic (which is not how decisions are made by CFOs and Treasurers, for right or for wrong!). Very highly recommended for capital raising. it ranks, in my opinion, with Charles Smithson's "Managing Financial Risk," on the risk management side, as the single best books available. It is by no means out-of-date, but it would be wonderful if it were ever updated to include "new economy" companies that often have negative EPS.

Excellent Introduction to Corporate Financial Strategy

As a classical (UK?) MBA book, Ward provides the student and professional alike with an excellent introduction to finance in a strategic context. In Part 1, he starts off with the basics including a review of theories of finance. Part 2 is probably the most interesting one. Ward goes through the four stages of a company and its financial strategy (start-up, growth company, mature company, declining business). Part 3 covers the important role of dynamic growth. Part 4 considers the impact of the opposite types of strategies which are involved in consolidating or refocusing the business. Part 5 offers an interesting and unique look at financial strategy from the perspective of the externally based, professional financial adviser (e.g. Investment Banker or Consultant).