Finance for Executives: Managing for Value Creation

Gabriel Hawawini is an Emeritus Professor of Finance at INSEAD where he held the Henry Grunfeld Chair in Investment Banking and served as Dean. He previously taught at New York University, the City University of New York, Columbia University and the Wharton School of the University of Pennsylvania. He is the author of numerous books and research papers on financial markets and corporate finance. In addition to teaching value-based management seminars around the world, he also sits on the boards of several companies. Claude Viallet was Emeritus Professor of Finance at INSEAD. Before joining INSEAD, he worked as a project manager at a major oil company and as Chief Financial Officer of a service company in Paris. In addition to his tenure at INSEAD, Professor Viallet was a Visiting Professor of Finance at the Kellogg School of Management of Northwestern University. He organized, directed and taught management-development programs and provided consulting services to companies around the world.

• Part I: Financial Concepts and TechniquesChapter 1. Financial Management and Value Creation: An OverviewChapter 2. The Time Value of MoneyChapter 3. Risk and ReturnPart II: Evaluating Business PerformanceChapter 4. Interpreting Financial Statements Chapter 5. Analyzing Operational Efficiency and LiquidityChapter 6. Analyzing Profitability, Risk, and GrowthPart III: Making Investment DecisionsChapter 7. Using the NPV Rule to Make Value-Creating Investment DecisionsChapter 8. Alternatives to the Net Present Value RuleChapter 9. Identifying and Estimating a Project’s Cash FlowsPart IV: Making Financing DecisionsChapter 10. Valuing Bonds and Common Stocks Chapter 11. Raising Capital and Paying Out Cash Chapter 12. Estimating the Cost of CapitalChapter 13. Designing a Capital StructurePart V: Making Business DecisionsChapter 14. Valuing and Acquiring a BusinessChapter 15. Managing Corporate RiskChapter 16. Understanding Forward, Futures and Options and their Contribution to Corporate FinanceChapter 17. Making International Business DecisionsChapter 18. Sustainability and Corporate FinanceChapter 19. Managing for Value Creation