Financial Management and Corporate Governance

This book also incorporates the latest developments in practice, such as direct listings and SPACs in capital markets, contractual arrangements in mergers and acquisitions, setting of corporate purpose, protection of minority investors in related party transactions, balancing of shareholder and stakeholder value from an ESG perspective, and the growing influence of activist funds, index investors and proxy advisors. It looks at these complex issues in firm management through the dual lens of asymmetric information and conflicts of interest that managers deal with, and gives coherency and clarity to the understanding of these key issues in management.
Contents:
Introduction:

• OverviewMeasuring ValueThe Capital Asset Pricing ModelCash FlowValuing a FirmFinancial ModelingConclusion
  Making Capital Investment Decisions:
• OverviewDecision RulesPerformance EvaluationsCapability BuildingConclusion
  Understanding Asymmetric Information in Financial Markets:
• Asymmetric InformationMitigating Asymmetric InformationAsymmetric Information in Initial Public OfferingsAsymmetric Information and the Agency ProblemConclusion
  Optimizing Capital Structure:
• Debt and EquityThe Modigliani–Miller TheoremCapital Structure and the Cost of CapitalCapital Structure Under Conflicts of InterestDebt–Shareholders ConflictConclusion
  Merging and Acquiring Businesses:
• OverviewChoice of PaymentLegal FrameworksAnti-takeover MeasuresPost-merger IntegrationConclusion
  Managing Shareholder and Stakeholder Value:
• OverviewFramework of DutiesDisclosure and MeasurementShareholders and Changing ParadigmsConclusion
  Structuring Corporate Governance:
• OverviewBoard of DirectorsConflicts of InterestProxy Advisors and ActivismConclusion
  Conclusion
• Evolution of the CorporationEvolution of the BoardEvolution of Financial MarketsFinal Words
  

Readership: For students and researchers who are interested to understand more about financial management and corporate governance in management decisions.