پارسی   English   العربیه

Frequently Asked Questions in Corporate Finance


In Frequently Asked Question in Corporate Finance the author team behind Vernimmen’s Corporate Finance: Theory and Practice – now in its third edition – and the website use their extensive experience in investment banking, corporate finance and academia to address the most frequently asked questions in corporate finance.

The book covers the theory and practice of corporate finance, and demonstrates how to use financial theory to solve practical problems. Key topics include:

  • Financial engineering
  • Valuation
  • Financial policy
  • Cost of capital
  • Financial analysis
  • Financial management

By providing a short and a long answer to each question, Frequently Asked Questions in Corporate Finance allows the reader to extract the appropriate information with ease, making it a convenient and useful reference for students of corporate finance and practising corporate financiers alike.

Pascal Quiry is a professor of finance at the leading European business school HEC Paris, and a managing director in the Corporate Finance arm of BNP Paribas specializing in M&A.

Maurizio Dallocchio is Bocconi University Nomura Chair of Corporate Finance and Past Dean of SDA Bocconi, School of Management.

Yann Le Fur is a corporate finance teacher at HEC Paris business school and an investment banker with Mediobanca in Paris after several years with Schroders and Citi.

Antonio Salvi is Full Professor of Corporate Finance at Jean Monnet University, Italy. He also teaches corporate finance at EMLyon Business School and SDA Bocconi School of Management.

Pierre Vernimmen who died in 1996, was both an M&A dealmaker and a finance teacher at HEC Paris. His book, Finance d’Entreprise, was and still is the top-selling financial textbook in French-speaking countries and is the forebear of Corporate Finance: Theory and Practice.

1 Frequently Asked Questions 1

2 Topics 409

50 years of research in finance 410

Ten deadly mistakes in corporate finance 412

Five mistakes in corporate valuation 423

M&A: Six mistakes to be avoided 429

Rating agencies 432

Credit scoring 435

Behavioral finance: are investors really rational? 438

Micro-finance: helping the poor 444

Project finance 449

Corporate finance in Europe: confronting theory with

practice 454

Capital markets: some useful definitions 457

Transaction multiples: before and during the crisis 459

The making of an investment banker 469

Corporate finance books 472

Brainteasers – PART I 475

Brainteasers – PART II 478

Answers 481

True or false: test yourself 482

Answers 484

Crossword 487

Index 493