Strategic Corporate Finance: Applications in Valuation and Capital Structure - Hardcover

by Justin Pettit (Author)

Essential guidance for the corporate finance professional -- advisor, Board Director, CFO, Treasurer, business development executive, or M&A expert--to ask the right questions and make the critical decisions. Strategic Corporate Finance is a practical guide to the key issues, their context, and their solutions. From performance measurement and capital planning to risk management and capital structure, Strategic Corporate Finance, translates principles of corporate finance theory into practical methods for implementing them. Filled with in-depth insights, expert advice, and detailed case studies, Strategic Corporate Finance will prepare you for the issues involved in raising, allocating and managing capital, and its associated risks.

Justin Pettit (New York, NY) draws on his 15 years of senior advisory experience as an investment banker and management consultant. He advises corporate boards and executives on matters of capital structure, financial policy, valuation, and strategy. He also lectures on topics in advanced corporate finance to graduate and undergraduate students at universities in the New York area.

Front Jacket

Sweeping changes in corporate governance and globalization of the capital markets have made the language and issues of modern corporate finance--previously left to finance executives and investment bankers--a critical point of accountability for all senior executives and board directors. Strategic Corporate Finance is not another book on financial theory; rather, it is a practical guide to the key issues, their context, and their solutions.

In Strategic Corporate Finance, author Justin Pettit--drawing on his years of corporate financial advisory experience--translates principles of corporate finance theory into practical methods for implementing them, on topical subjects ranging from performance measurement and capital planning to risk management and capital structure.

Divided into three straightforward and accessible parts, this useful guide contains important information and actionable strategies that you can use--whether you are a Board Director, CFO, Treasurer, business development executive, or M&A expert--to ask the right questions and make important financial decisions regarding your organization.

Part One outlines the essential issues of managing the left-hand side of the balance sheet--following the prevalent "fix, sell, grow" mantra used today--with an intrinsic value perspective. Here, you will learn how to resolve a variety of performance measurement and valuation issues, from estimating and applying the weighted average cost of capital (WACC) to creating value through operational improvements, divestitures, and M&A.

Part Two addresses the right-hand side of the balance sheet, including optimal capital structure, managing credit ratings, and setting dividend and share repurchase policy. Special attention is given to today's growing problem of too much cash. The issues of stock liquidity, and illiquidity, are also covered in detail.

The third, and final, part of Strategic Corporate Finance adopts an enterprise-wide perspective for capital management. You will be introduced to strategic risk management and the substitutability of capital structure and risk management choices, such as process control efforts, financial, physical, and operational hedging. You will also receive an executive education on best practices in financial hedging. Capital markets solutions are highlighted in a comprehensive pension re-engineering case study.

Filled with in-depth insights, expert advice, and detailed case studies, Strategic Corporate Finance will prepare you to ask the key questions and make the critical decisions involved in raising, allocating, and managing capital, and its associated risks.

Back Jacket

Sweeping changes in corporate governance and globalization of the capital markets have made the language and issues of modern corporate finance--previously left to finance executives and investment bankers--a critical point of accountability for all senior executives and board directors. Strategic Corporate Finance is not another book on financial theory; rather, it is a practical guide to the key issues, their context, and their solutions.

In Strategic Corporate Finance, author Justin Pettit--drawing on his years of corporate financial advisory experience--translates principles of corporate finance theory into practical methods for implementing them, on topical subjects ranging from performance measurement and capital planning to risk management and capital structure.

Divided into three straightforward and accessible parts, this useful guide contains important information and actionable strategies that you can use--whether you are a Board Director, CFO, Treasurer, business development executive, or M&A expert--to ask the right questions and make important financial decisions regarding your organization.

Part One outlines the essential issues of managing the left-hand side of the balance sheet--following the prevalent "fix, sell, grow" mantra used today--with an intrinsic value perspective. Here, you will learn how to resolve a variety of performance measurement and valuation issues, from estimating and applying the weighted average cost of capital (WACC) to creating value through operational improvements, divestitures, and M&A.

Part Two addresses the right-hand side of the balance sheet, including optimal capital structure, managing credit ratings, and setting dividend and share repurchase policy. Special attention is given to today's growing problem of too much cash. The issues of stock liquidity, and illiquidity, are also covered in detail.

The third, and final, part of Strategic Corporate Finance adopts an enterprise-wide perspective for capital management. You will be introduced to strategic risk management and the substitutability of capital structure and risk management choices, such as process control efforts, financial, physical, and operational hedging. You will also receive an executive education on best practices in financial hedging. Capital markets solutions are highlighted in a comprehensive pension re-engineering case study.

Filled with in-depth insights, expert advice, and detailed case studies, Strategic Corporate Finance will prepare you to ask the key questions and make the critical decisions involved in raising, allocating, and managing capital, and its associated risks.

Author Biography

JUSTIN PETTIT draws on his fifteen years of senior advisory experience as an investment banker and management consultant. He advises corporate boards and executives on matters of capital structure, financial policy, valuation, and strategy. He also lectures on topics in advanced corporate finance to graduate and undergraduate students at universities in the New York area.