Cynthia Van Hulle

This textbook on Corporate Finance deals with the different sources of funding and the capital structure of corporations (excluding financial institutions), the decisions that managers can take to increase enterprise value as well as the tools and analysis used to allocate financial resources. The authors link theoretical insight to practical cases. The objectives and functions of corporate finance are discussed in an introductory chapter. The following chapters cover: fundamental financial valuation principles, investment analysis and the minimum investment return requirement, capital structure and dividend policy, long-term and medium-term financing, working capital as well as some specific financial topics such as valuation of companies, international financial policy, financing of growth companies, mergers and acquisitions, etc. While written for students, this book is also appealing to financial professionals such as financial directors, credit rating agencies, corporate managers in financial institutions as well as accountants and auditors.

Introducing a revolutionary new quantitative approach to hybrid securities valuation and risk management To an equity trader they are shares. For the trader at the fixed income desk, they are bonds (after all, they pay coupons, so what's the problem?). They are hybrid securities. Neither equity nor debt, they possess characteristics of both, and carry unique risks that cannot be ignored, but are often woefully misunderstood. The first and only book of its kind, The Handbook of Hybrid Securities dispels the many myths and misconceptions about hybrid securities and arms you with a quantitative, practical approach to dealing with them from a valuation and risk management point of view. Describes a unique, quantitative approach to hybrid valuation and risk management that uses new structural and multi-factor modelsProvides strategies for the full range of hybrid asset classes, including convertible bonds, preferreds, trust preferreds, contingent convertibles, bonds labeled "additional Tier 1," and moreOffers an expert review of current regulatory climate regarding hybrids, globally, and explores likely political developments and their potential impact on the hybrid marketThe most up-to-date, in-depth book on the subject, this is a valuable working resource for traders, analysts and risk managers, and a indispensable reference for regulators