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Finance is key to every business organisation and plays a vital role in the broader economic ecosystem. This book discusses the fundamentals of corporate finance and introduces and explains essential concepts of financial management. It delineates the financial workings of businesses in the global context.
The volume:
¿ Discusses fundamental concepts and practices of corporate finance;
¿ Demystifies key financial decisions of a corporate - investment decision, financial decision, and dividend decision for shareholders' wealth maximisation.
¿ Highlights the importance of an efficient financial management in a corporate enterprise with relevant capital budgeting tools & working capital management techniques; and
¿ Surveys global corporate practices, recent trends and developments in the domain of business finance. The author addresses the critical issues that a business can face beyond basic survival, about sound financial management, and can help a company grow and thrive.
Presenting current global trends and real-world cases in finance and richly illustrated with tables, figures and learning tools, this volume will be indispensable for individuals, business managers, and management students pursuing courses related to corprate finance and financial management. It will also be an important resource for executive and management development programmes (EDPs & MDPs) as well professionals and individuals interested in a short refresher course on finance and financial matters.
List of contents
PART I: Introduction 1 Corporate finance: Nature & Scope PART II: Investment decision: A. Capital budgeting 2 Capital budgeting: concept and application 3 Time value of money 4 Cash flows estimation for capex 5 Capital budgeting evaluation techniques PART III: Investment decision: B. Working capital 6 Working capital management PART IV: Financing decision 7 Cost of capital 8 Capital structure planning PART V: Dividend decision 9 Dividend policy
About the author
Sandeep Goel is a Senior Professor of Accounting and Finance, and Corporate Governance at Management Development Institute (MDI) Gurgaon, India. He holds two doctorates, one in Finance; and another in Accounting from the Faculty of Management Studies, University of Delhi. He completed his bachelor's with Hons. and master's degrees in Commerce with specialisation in Finance from Shri Ram College of Commerce, and the Department of Commerce, Delhi School of Economics, University of Delhi, respectively. He has three decades of industry and academic experience across various organisations and institutions of repute, including the Shri Ram Group, the University of Delhi and MDI Gurgaon. He sits as an Independent Director on the Board of Machino Plastics Ltd., Gurugram, a Suzuki JV. He is a Visiting Professor to the Faculty of Management, University of Lodz, Poland and Aix-Marseille Graduate School of Management - IAE AIX-Marseille University, France. He is a Management Trainer and Consultant to Organisations like Maruti Suzuki, Canara Bank, JK Tyre, PFRDA, NPCI, IRS, ITS, FIA Business School (Brazil), Bata, Encore, Federal-Mogul Goetze (India) Ltd., SOS Village International, Cairns India, National Banking Institute (Nepal), Druk Holdings (Bhutan), UltraTech Cements, ONGC, and many more. He is a prolific writer and has authored more than 15 books, and published over 100 research articles and cases in national and international journals of repute. He has been conferred with Award for Excellence in Teaching, 2023-24, 2015-16 and Award for Excellence in Research, 2015-16 at MDI.
