Students
and Academics
How to use this book
Transitions pose major challenges, and finance theory is not well equipped to deal with them or to produce integrated value. Therefore, finance needs to adapt, and this book sets out how to do that. The good news is that you don’t need new corporate finance methods or models to steer companies for integrated value. You only need to incorporate social and environmental value alongside financial value in the existing methods and models.
This book takes an evolutionary approach that helps students, teachers and practitioners transition from current corporate finance based on financial value, to modern corporate finance based on integrated value.
The first three chapters set the scene for modern corporate finance, and the subsequent chapters serve to explain the different value dimensions:
1. Explain the standard corporate finance methods: financial value
2. Calculate the effects of environmental, social, and governance (ESG) factors on financial value: ESG integrated
3. Calculate environmental and social value: impact
4. Integrate the three values in the standard corporate finance methods: integrated value.
Resources
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Chapter 01 The Company within Social and Planetary Boundaries
Chapter 02 Integrated Value Creation
Chapter 03 Corporate governance
Chapter 04 Discount rates and the scarcity of capital
Chapter 05 Calculating social and environmental value
Chapter 06 Investment decision rules
Chapter 07 Capital budgeting
Chapter 08 Valuing bonds
Chapter 09 Valuing public equity
Chapter 10 Valuing private equity
Chapter 11 Case-study integrated valuation: Inditex
Chapter 12 Risk-return analysis
Chapter 13 Cost of capital
Chapter 14 Capital market adaptability, investor behaviour and impact
Chapter 15 Capital structure
Chapter 16 Issues and pay-outs – changes in capital structure
Chapter 17 Reporting and investor relations
Chapter 18 Mergers and acquisitions
Chapter 19 Options
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Chapter 01 The Company within Social and Planetary Boundaries
Chapter 02 Integrated Value Creation
Chapter 03 Corporate governance
Chapter 04 Discount rates and the scarcity of capital
Chapter 05 Calculating social and environmental value
Chapter 06 Investment decision rules
Chapter 07 Capital budgeting
Chapter 08 Valuing bonds
Chapter 09 Valuing public equity
Chapter 10 Valuing private equity
Chapter 11 Case-study integrated valuation: Inditex
Chapter 12 Risk-return analysis
Chapter 13 Cost of capital
Chapter 14 Capital market adaptability, investor behaviour and impact
Chapter 15 Capital structure
Chapter 16 Issues and pay-outs – changes in capital structure
Chapter 17 Reporting and investor relations
Chapter 18 Mergers and acquisitions
Chapter 19 Options
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Integrated Value case studies:
Value Driver Adjustment case studies:
Articles
October 16, 2024
Which discount rate
for sustainability?
October 16, 2024
Shareholder primacy or stakeholder governance?
October 16, 2024
Corporate governence beyond the shareholder and stakeholder model.
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Corporate finance for long term value
Written for undergraduate and graduate students of Finance, Economics, and Business Administration, this textbook provides a fresh analysis of corporate finance.