Finance for Executives

Ideal for both aspiring managers and experienced executives, the Fourth Edition of FINANCE FOR EXECUTIVES: MANAGING FOR VALUE CREATION illustrates the importance of financial information in maximizing firm value. Respected authors Gabriel Hawawini and Claude Viallet draw on their wealth of business experience to provide a concise, analytically sound introduction to financial management that is neither too simplistic nor too theoretical. In fact, the book masterfully balances a thorough exploration of modern finance principles with a strong practical focus on real-world applications and rigorous analysis, even while avoiding complicated formulas with little value for decision-making. FINANCE FOR EXECUTIVES employs a strong problem-scenario approach to present key concepts within the context of realistic financial management issues that executives commonly face. In addition, a series of integrated case studies analyzes the same set of companies throughout the book to explore concepts in greater depth and reinforce learning. The book also features a highly reader-friendly structure and presentation, with self-contained chapters that make it an invaluable reference and resource. In addition, the Fourth Edition includes extensive updates incorporating the most recent financial data and latest references, as well as a new chapter devoted to managing corporate risk, an essential topic for success in today's high-stakes business environment.