Product Description
Case Studies in Finance, 6e links managerial decisions to capital markets and the expectations of investors. At the core of almost all of the cases is a valuation task that requires students to look to financial markets for guidance in resolving the case problem. The focus on value helps managers understand the impact of the firm on the world around it. These cases also invite students to apply modern information technology to the analysis of managerial decisions.
The cases may be taught in many different combinations. The eight-part sequence indicated by the table of contents relates to course designs used at the authors’ schools. Each part of the casebook suggests a concept module, with a particular orientation.
From the Publisher
The Fourth Edition includes 45 cases: 16 new, 10 updated, 15 from 2000 and later, and the remaining 4 from the 1990's (no case will be before 1995). This currency is a large benefit to customers, as there are not many updated or new cases in the market. The number of cases is reduced from 54 cases in the Third Edition to make the book more manageable.
New topics include the Internet, real options, and entrepreneurial finance. These topics are appealing to instructors and students alike, and make this the most current and modern casebook available.
Adopting instructors will receive a helpful manual called 'Teaching by the Case Method,' written by Bruner, that assists instructors in teaching their class using cases. There are also accompanying videos that pose actual class situations/problems and how an instructor can deal with them. This material is currently used in a training course offered by Darden that teaches 2,000 people per year how to teach cases.
A new custom-crafted website is available for the Fourth Edition that includes spreadsheet templates that accompany the cases.
Focus on Value emphasizes that value creation should be an enduring focus of concern because it is the foundation of survival and prosperity of the business. The cases in this book exercise valuation analysis over a wide range of assets, debt, equities, and options, and a wide range of perspectives, such as investor, creditor, manager, and government.
Linkage to Capital Markets'an important premise of these cases is that managers should take cues from the capital markets. The cases help students to look at the capital markets in a variety of ways. They illustrate important players in the capital markets; They exercise the students' abilities to interpret capital market conditions; They explore the design of financial securities and rationalize the use of exotic securities in support of corporate policy; They help students understand the implications of transparency of the firm to investors, and the impact of news about the firm in an efficient market.
Respect for the Administrative Point of View'These cases illustrate the immense practicality of finance theory in sorting out the issues facing managers, assessing alternatives, and illuminating the effects of any particular choice. A number of cases present practical ethical dilemmas or moral hazards facing managers. Most of the cases call for action plans rather than mere analysis or description of a problem.
--This text refers to an out of print or unavailable edition of this title.