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Corporate Financial Management
The increased uncertainty levels in the financial world have led to a substantial change in financial management practice. Financial managers take decisions that have a direct impact on the firm's expected future cash flows and/or the risk levels associated with these cash flows. Financial managers need to rake decisions that maximize the value of the firm. The cash-flow-based approach will play a prominent role in this book. Cash flow forecasts play an important role in this approach. Good decisions are not possible without these forecasts. After initiation of investment plans actual realizations of cash flow need to be compared with forecasts. If necessary, management needs to adjust its investment plans. Performance measurement will help management to detect negative deviations in time. In recent years the level of sophistication of financial performance measurement has substantially increased.
The following topics are covered in the book:
- The shift from profit-based thinking to a valuation-based approach
- Operational activities of the firm
- Performance measurement
- Operational activities and risk
- Risk management
This book is written for students of financial management at the graduate and undergraduate level. It is also useful for practitioners that need to take solid financial decisions in a profit- or non-profit environment. Professor André B. Dorsman, Ph.D., is professor of finance at Nyenrode University. He is also a member of the Economic Faculty at Free University Amsterdam.
|Publisher||Convoy Uitgevers BV|
|Year of Publication||2004|