QFinance: The Ultimate Resource

Cover......Page 1
Copyright......Page 5
Contents......Page 6
Foreword by HE Yousef Hussain Kamal, Minister of Economy and Finance of the State of Qatar and Chairman of the Qatar Financial C......Page 17
Advisory Panel......Page 18
Other Contributors and Advisers......Page 20
Contributors......Page 21
QFINANCE User Guide......Page 46
BEST PRACTICE......Page 48
Best Practice Putting the expertise of the world\'s best business thinkers to work for you......Page 49
Contents......Page 50
Advantages of Finance Best Practice Networks by Hans-Dieter Scheuermann......Page 55
Allocating Corporate Capital Fairly by John L. Mariotti......Page 58
Asset Liability Management for Pension Funds by R. H. M. A. Kleynen......Page 60
Best-Practice Working Capital Management: Techniques for Optimizing Inventories, Receivables, and Payables by Patrick Buchmann a......Page 63
Business Implications of the Single Euro Payments Area (SEPA) by Juergen Bernd Weiss......Page 67
Capital Budgeting: The Dominance of Net Present Value by Harold Bierman, Jr......Page 70
Capital Structure: Implications by John C. Groth......Page 74
Capital Structure: Perspectives by John C. Groth......Page 78
Viewpoint: Sir Howard Davies Mend the Balance Sheet......Page 82
Cash Flow Best Practice for Small and Medium-Sized Enterprises by Rita Herron Brown......Page 84
Comparing Net Present Value and Internal Rate of Return by Harold Bierman, Jr......Page 87
Corporate Finance for SMEs by Terry Carroll......Page 90
Dangers of Corporate Derivative Transactions by David C. Shimko......Page 93
Factoring and Invoice Discounting: Working Capital Management Options by Irena Jindrichovska......Page 96
A Holistic Approach to Business Risk Management by Terry Carroll......Page 99
How Taxation Impacts on Liquidity Management by Martin O\'Donovan......Page 102
How to Better Manage Your Financial Supply Chain by Juergen Bernd Weiss......Page 104
Viewpoint: Lawrence Phillips Moving Away from Traditional Budgeting......Page 107
How to Manage Pension Costs by Edmund Truell......Page 110
How to Assess a Company\'s Global Treasury Needs and Objectives Successfully by Gary Silha......Page 113
Integrated Corporate Financial Risk Policy by David C. Shimko......Page 116
Managing Capital Budgets for Small and Medium-Sized Companies by Neil Seitz......Page 119
Managing Counterparty Credit Risk by David C. Shimko......Page 122
Managing Interest Rate Risk by Will Spinney......Page 125
Managing Liquidity in China - Challenging Times by Marlene R. Wittman......Page 128
Navigating a Liquidity Crisis Effectively by Klaus Kremers......Page 133
Viewpoint: Zarin Patel How the BBC Reshaped Its Finance Function......Page 136
Payment Factories: How to Streamline Financial Flows by Chris Skinner......Page 138
Pension Schemes: A Unique and Unintended Basket of Risks on the Balance Sheet by Amarendra Swarup......Page 140
Quantifying Corporate Financial Risk by David C. Shimko......Page 144
To Hedge or Not to Hedge by Steve Robinson......Page 147
A Total Balance Sheet Approach to Financial Risk by Terry Carroll......Page 150
Using Structured Products to Manage Liabilities by Shane Edwards......Page 153
The Value and Management of Intellectual Property, Intangible Assets, and Goodwill by Kelvin King......Page 156
Valuing Pension Fund Liabilities on the Balance Sheet by Steven Lowe......Page 160
Balancing Senior Management Compensation Arrangements with Shareholders\' Interests by Henrik Cronqvist......Page 163
Viewpoint: Wim Bartels The Growth of Sustainability Reporting......Page 165
Best Practice in Investment Governance for Pension Funds by Roger Urwin......Page 167
Best Practices in Corporate Social Responsibility by Alison Kemper and Roger Martin......Page 170
Viewpoint: Stewart Hamilton Regulation, Corporate Governance, and Boardroom Performance Must Be Shaken Up If We Are to Avoid Ano......Page 174
Boardroom Roles by Sir Adrian Cadbury......Page 177
Viewpoint: Tim Hindle Ladies in Waiting......Page 179
Business Ethics by Sue Newell......Page 181
Corporate Board Structures by Vidhan Goyal......Page 184
Viewpoint: Jonathan M. Karpoff The Importance of Trust - In Everything......Page 188
Corporate Responsibility in a Global World: Marrying Investment in Human Capital with Focus on Costs by Angela Baron......Page 191
CSR: More than PR, Pursuing Competitive Advantage in the Long Run by John Surdyk......Page 194
Viewpoint: Jay W. Lorsch Lessons from the Credit Crisis: Governing Financial Institutions......Page 197
Dividend Policy: Maximizing Shareholder Value by Harold Bierman, Jr......Page 199
Executive Rewards: Ensuring That Financial Rewards Match Performance by Shaun Tyson......Page 203
Viewpoint: Bruce Misamore Lessons from Russia......Page 206
Financial Reporting: Conveying the Message Down the Line by Leslie L. Kossoff......Page 209
Identifying the Right Nonexecutive Director by Terry Carroll......Page 212
Viewpoint: Roger Steare The Morals of Money - How to Build a Sustainable Economy and Financial Sector......Page 215
Improving Corporate Profitability Through Accountability by Marc J. Epstein and Priscilla S. Wisner......Page 217
Reinvesting in the Company versus Rewarding Investors with Distributions by Ruth Bender......Page 219
Viewpoint: Amjid Ali Shariah Law - Bringing a New Ethical Dimension to Banking......Page 221
Banks and Small and Medium-Sized Enterprises: Recent Business Developments by Sergio Schmukler, Augusto de la Torre, and María S......Page 223
Viewpoint: Jacques Attali Microfinancing......Page 226
Viewpoint: Jagdish Bhagwati Lessons from the Current Crisis......Page 228
Climate Change and Insurance by Stephen Haddrill......Page 230
Viewpoint: Roger Bootle How to Rescue the World Economy from Disaster......Page 232
The Crash and the Banking Sector - The Road to Recovery by Angela Knight......Page 234
Viewpoint: Todd Buchholz Trust, Fear, and a Dead Economist......Page 236
Viewpoint: Bill Hambrecht Bringing Trust Back to Wall Street......Page 238
Credit Derivatives - The Origins of the Problem by Eric Dinallo......Page 240
Viewpoint: Fred Hu China\'s Financial System: Challenges and Opportunities......Page 242
ERM, Best\'s Ratings, and the Financial Crisis by Gene C. Lai......Page 245
Viewpoint: Justin Yifu Lin Coping with the Crisis: Risks, Options, and Priorities for Developing Countries......Page 247
Viewpoint: Augusto Lopez-Claros What Would a New Bretton Woods Mean for the IMF?......Page 250
The Globalization of Inflation by Diana Choyleva......Page 253
Viewpoint: Maureen J. Miskovic Risk Management at a Crossroads......Page 256
How the Settlement Infrastructure Is Surviving the Financial Meltdown by Yves Poullet......Page 258
Viewpoint: Jon Moulton A Not So Cheerful Future for LBOs......Page 261
Viewpoint: Michael J. Panzner Forecasting the Credit Crunch and Future Market Prospects......Page 263
Insurance - Bruised, Not Crushed by Robert P. Hartwig......Page 266
Viewpoint: Brian Reading New Dollar Area: The Makings of the Mess......Page 268
The Insurance Sector: Plenty of Silver Lining to Be Found by Andrew Milligan......Page 272
Viewpoint: Ricardo Rebonato What Models Do We Need for Risk Management?......Page 275
Viewpoint: Jim Rogers Asia: Future Perspectives......Page 279
Islamic Capital Markets: The Role of Sukuk by Rodney Wilson......Page 282
Viewpoint: Leigh Skene A One-in-Fifty-Year Event......Page 285
Islamic Insurance Markets and the Structure of Takaful by Suzanne White......Page 289
Viewpoint: Bernhard Speyer and Norbert Walter Fragment or Unite - But Decide! The Future of EU Financial Supervision......Page 291
Viewpoint: Achim Steiner and Pavan Sukhdev Why the World Needs a Green New Deal......Page 293
Longevity, Reserves, and Annuities - A Difficult Circle to Square by Paul Belok......Page 296
Viewpoint: Jean-Claude Trichet Solutions to the Current Crisis......Page 299
Middle East and North Africa Region: Financial Sector and Integration by Samy Ben Naceur and Chiraz Labidi......Page 301
Viewpoint: Richard A. Werner Understanding and Forecasting the Credit Cycle - Why the Mainstream Paradigm in Economics and Finance......Page 305
The Payment Services Directive: A Crucial Step Toward Payment Harmonization Across the EU by Björn Flismark......Page 309
Viewpoint: Paul Wilmott The Problem with Derivatives, Quants, and Risk Management Today......Page 312
The Perfect Storm - Why Did No One See It Coming? The Missing Piece in Risk Management by Nigel Walder......Page 315
Viewpoint: Linda Yueh China and the Global Financial Crisis......Page 317
Why Printing Money Sometimes Works for Central Banks by Paul Kasriel......Page 319
Viewpoint: Muhammad Yunus The Financial Crisis and the World\'s Poor......Page 321
The Ability of Ratings to Predict the Performance of Exchange-Traded Funds by Gerasimos G. Rompotis......Page 324
Asset Allocation Methodologies by Tom Coyne......Page 328
Booms, Busts, and How to Navigate Troubled Waters by Joachim Klement......Page 333
Carrying Out Due Diligence on Hedge Funds by Amarendra Swarup......Page 336
Carrying Out Due Diligence on Private Equity Funds by Rainer Ender......Page 339
Viewpoint: Anthony Bolton Savings is a Growth Industry......Page 342
The Case for SMART Rebalancing by Arun Muralidhar and Sanjay Muralidhar......Page 344
The Changing Role and Regulation of Equity Research by Simon Taylor......Page 348
Corporate Covenant and Other Embedded Options in Pension Funds by Theo Kocken......Page 350
Ethical Funds and Socially Responsible Investment: An Overview by Chendi Zhang......Page 353
Forecasting Default Rates and the Credit Cycle by Martin Fridson......Page 356
Viewpoint: Javier Estrada Investing in a Volatile Environment: A Black Swan Perspective......Page 359
Funds of Hedge Funds versus Single-Manager Funds by Steve Wallace......Page 361
Hedge Fund Challenges Extend Beyond Regulation by Kevin Burrows......Page 363
How Stockholders Can Effectively Engage With Companies by James Gifford......Page 366
How to Set the Hurdle Rate for Capital Investments by Jon Tucker......Page 369
The Impact of Index Trackers on Shareholders and Stock Volatility by Martin Gold......Page 372
Viewpoint: Mark Mobius Emerging Markets: Reflecting on 2008 and Looking Ahead to 2009......Page 375
Interdependence of National and International Markets: The Foreign Information Transmission (FIT) Model by Boulis M. Ibrahim and......Page 377
Investing Cash: Back to Basics by Mark Camp and Emma Du Haney......Page 381
Investing in Structured Finance Products in the Debt Money Markets by Moorad Choudhry......Page 384
Measuring Company Exposure to Country Risk by Aswath Damodaran......Page 389
Measuring Country Risk by Aswath Damodaran......Page 392
Viewpoint: James Montier Only White Swans on the Road to Revulsion......Page 395
Minimizing Credit Risk by Frank J. Fabozzi......Page 397
Mix½ation by Giles Keating......Page 400
Money Managers by David Pitt-Watson......Page 404
The Performance of Socially Responsible Mutual Funds by Luc Renneboog......Page 407
Price Discovery in IPOs by Jos van Bommel......Page 411
Private Equity Fund Monitoring and Risk Management by Rainer Ender......Page 414
Viewpoint: Peter Zollinger and John Schaetzl A Silver Lining to the Credit Crisis......Page 417
The Role of Commodities in an Institutional Portfolio by Keith H. Black and Satya Kumar......Page 419
The Role of Short Sellers in the Marketplace by Raj Gupta......Page 423
Understanding the Role of Diversification by Guofu Zhou......Page 427
Valuation and Project Selection When the Market and Face Value of Dividends Differ by Graham Partington......Page 429
When Form Follows Function: How Core-Satellite Investing Has Sparked an Era of Convergence by Christopher Holt......Page 433
Acquisition Integration: How to Do It Successfully by David R. Sadtler......Page 437
Coping with Equity Market Reactions to M&A Transactions by Scott Moeller......Page 439
Cultural Alignment and Risk Management: Developing the Right Culture by R. Brayton Bowen......Page 442
Due Diligence Requirements in Financial Transactions by Scott Moeller......Page 445
Identifying and Minimizing the Strategic Risks from M&A by Peter Howson......Page 449
Leveraged Buyouts and Recession by Louise Scholes and Mike Wright......Page 452
Leveraged Buyouts: What, Why, When, and How by Scott S. Johnson......Page 456
Maximizing Value when Selling a Business by John Gilligan......Page 459
Merger Integration and Transition Management: A New Slant for Finance Executives by Price Pritchett......Page 462
Mergers and Acquisitions: Patterns, Motives, and Strategic Fit by Siri Terjesen......Page 465
Mergers and Acquisitions: Today\'s Catalyst Is Working Capital by James S. Sagner......Page 469
Valuing Start-Ups by Aswath Damodaran......Page 472
Why Mergers Fail and How to Prevent It by Susan Cartwright......Page 475
Building Potential Catastrophe Management into a Strategic Risk Framework by Duncan Martin......Page 477
Business Continuity Management: How to Prepare for the Worst by Andrew Hiles......Page 480
Countering Supply Chain Risk by Vinod Lall......Page 484
Dealing with Cybersquatters by Shireen Smith......Page 487
Dispute Resolution: The Forum Selection Clause by Elisabeth de Nadal and Víctor Manuel Sánchez......Page 489
Electronic Invoicing in the European Union by Hansjörg Nymphius......Page 492
Employee Stock Options by Peter Casson......Page 495
Essentials for Export Success: Understanding How Risks and Relationships Lead to Rewards by Paul Beretz......Page 497
Exporting Against Letters of Credit by Buddy Baker......Page 500
Viewpoint: Thierry Malleret Understanding Global Risks for the Corporate......Page 504
Financial Techniques for Building Customer Loyalty by Ray Halagera......Page 506
Fraud: Minimizing the Impact on Corporate Image by Tim Johnson......Page 509
Political Risk: Countering theImpact on Your Business by Ian Bremmer......Page 512
How to Manage Emerging Market Risks with Third Party Insurance by Rod Morris......Page 515
Human Risk: How Effective Strategic Risk Management Can Identify Rogues by Tom McKaig......Page 518
The Human Value of the Enterprise by Andrew Mayo......Page 521
Intellectual Capital by Thomas A. Stewart......Page 524
International Arbitration: Basic Principles and Characteristics by Stavros Brekoulakis......Page 526
Managing Intellectual Capital by Leif Edvinsson......Page 529
Managing Operational Risks Using an All-Hazards Approach by Mark D. Abkowitz......Page 531
Viewpoint: Aldo Mareuse The Evolving Role of the CFO......Page 534
Managing Retirement Costs by Beverly Goldberg......Page 536
Multiparty and Multicontract Arbitration by Stavros Brekoulakis......Page 539
Protecting Your Intellectual Property - Nonregistered Rights by Jeremy Phillips......Page 542
Protecting Your Intellectual Property - Registered Rights by Jeremy Phillips......Page 544
Reducing Costs and Improving Efficiency by Outsourcing and Selecting Suppliers by Paul Davies......Page 546
Reducing Costs through Change Management by Beverly Goldberg......Page 549
Reducing Costs through Production and Supply Chain Management by Vinod Lall......Page 552
Return on Talent by Subir Chowdhury......Page 555
Risk Management: Beyond Compliance by Bill Sharon......Page 557
Understanding Reputation Risk and Its Importance by Jenny Rayner......Page 561
Acquiring a Secondary Listing, or Cross-Listing by Meziane Lasfer......Page 564
Assessing Venture Capital Funding for Small and Medium-Sized Enterprises by Alain Fayolle and Joseph LiPuma......Page 567
Attracting Small Investors by Wondimu Mekonnen......Page 570
Capital Structure: A Strategy that Makes Sense by John C. Groth......Page 573
The Cost of Going Public: Why IPOs Are Typically Underpriced by Lena Booth......Page 578
Credit Ratings by David Wyss......Page 581
Equity Issues by Listed Companies: Rights Issues and Other Methods by Seth Armitage......Page 584
Financial Steps in an IPO for a Small or Medium-Size Enterprise by Hung-Gay Fung......Page 587
How and When to Use Nonrecourse Financing by Thomas McKaig......Page 590
IPOs in Emerging Markets by Janusz Brzeszczynski......Page 592
Islamic Modes of Finance and the Role of Sukuk by Abdel-Rahman Yousri......Page 595
Issuing Corporate Debt by Steven Lowe......Page 598
Managing Activist Investors and Fund Managers by Leslie L. Kossoff......Page 601
Optimizing the Capital Structure: Finding the Right Balance Between Debt and Equity by Meziane Lasfer......Page 604
Private Investments in Public Equity by William K. Sjostrom, Jr......Page 607
Public-Private Partnerships in Emerging Markets by Peter Koveos and Pierre Yourougou......Page 609
Raising Capital in Global Financial Markets by Reena Aggarwal......Page 613
Raising Capital in the United Kingdom by Lauren Mills......Page 616
Role of Institutional Investors in Corporate Financing by Hao Jiang......Page 619
Securitization: Understanding the Risks and Rewards by Tarun Sabarwal......Page 623
Sources of Venture Capital by Lawrence M. Brotzge......Page 626
Understanding and Accessing Private Equity for Small and Medium Enterprises by Arne-G. Hostrup......Page 629
Understanding Equity Capital in Small and Medium-Sized Enterprises by Siri Terjesen......Page 632
Understanding the True Cost of Issuing Convertible Debt and Other Equity-Linked Financing by Roger Lister......Page 636
Using Securitization as a Corporate Funding Tool by Frank J. Fabozzi......Page 639
What the Rise of Global Banks Means for Your Company by Chris Skinner......Page 643
Accounting for Business Combinations in Accordance with International Financial Reporting Standards (IFRS) Requirements by Shân......Page 645
Accounting for Share-Based Payments under IFRS by Shân Kennedy......Page 648
Aligning the Internal Audit Function with Strategic Objectives by Ilias G. Basioudis......Page 651
The Assurance versus Consulting Debate: How Far Should Internal Audit Go? by Michael Parkinson......Page 655
Best Practices in Risk-Based Internal Auditing by Sheryl Vacca......Page 658
Classification and Treatment of Leases by Roger Lister......Page 661
Costs and Benefits of Accounting-based Regulation in Emerging Capital Markets by Wang Jiwei......Page 664
The Effect of SOX on Internal Control, Risk Management, and Corporate Governance Best Practice by David A. Doney......Page 667
Effective Financial Reporting and Auditing: Importance and Limitations by Andrew Higson......Page 670
Engaging Senior Management in Internal Control by Philip Ratcliffe......Page 673
Enterprise Risk Management and Solvency II by Andrew Davies......Page 675
Viewpoint: Viral Acharya and Julian Franks Regulation after the Crash......Page 679
Fair Value Accounting: SFAS 157 and IAS 39 by Kevin Ow Yong......Page 682
Has Financial Reporting Impacted on Internal Auditing Negatively? by Andrew Chambers......Page 685
How Can Internal Audit Report Effectively to Its Stakeholders? by Andrew Cox......Page 689
How Internal Auditing Can Help With a Company\'s Fraud Issues by N. Gail Harden......Page 693
How Much Independence for Supervisors in Financial Market Regulation? by Marc Quintyn......Page 698
How to Implement a Standard Chart of Accounts Effectively by Aziz Tayyebi......Page 702
Identifying the Main Regulatory Challenges for Islamic Finance by Bilal Rasul......Page 705
Implementing an Effective Internal Controls System by Andrew Chambers......Page 708
Incorporating Operational and Performance Auditing into Compliance and Financial Auditing by Andrew Cox......Page 712
Internal Audit and Partnering with Senior Management by Bruce Turner......Page 715
Internal Audit Planning: How Can We Do It Better? by Michael Parkinson......Page 719
Viewpoint: Ernst Ligteringen No More Room for  Business as Usualƒ......Page 722
The Internal Audit Role - Is There an Expectation Gap in Your Organization? by Jeffrey Ridley......Page 724
Internal Auditors and Enterprise Risk Management by Ian Fraser......Page 727
The LIFO Conundrum: Convergence of US GAAP with IFRS and Its Implications on US Company Competitiveness by William C. White IV......Page 730
Managing the Relationships between Audit Committees and the CAE by Richard E. Cascarino......Page 732
The Missing Metrics: Managing the Cost of Complexity by John L. Mariotti......Page 735
New Assurance Challenges Facing Chief Audit Executives by Simon D\'Arcy......Page 738
Optimizing Internal Audit by Andrew Chambers......Page 741
Performance Reporting under IFRS by Peter Casson......Page 744
Principles versus Rules in Financial Supervision - Is There One Superior Approach? by Marc Quintyn......Page 747
Procedures for Reporting Financial Risk in Islamic Finance by Daud Vicary Abdullah and Ramesh Pillai......Page 751
Viewpoint: Sir John Stuttard Days of Reckoning......Page 754
The Rationale of International Financial Reporting Standards and Their Acceptance by Major Countries by Véronique Weets......Page 756
Revising Basel II - But at What Cost? by Vishal Vedi......Page 759
Solvency II - A New Regulatory Framework for the Insurance Sector by Paul Barrett......Page 761
Starting a Successful Internal Audit Function to Meet Present and Future Demands by Jeffrey Ridley......Page 763
Tripping over Prudence - Ideas for a Sensible Fix for Basel II by Samuel Sender and Noel Amenc......Page 767
Understanding the Requirements for Preparing IFRS Financial Statements by Véronique Weets......Page 770
US Financial Regulation: A Hopeless Tangle, or Complexity for a Purpose? by Lawrence J. White......Page 773
What are the Leading Causes of Financial Restatements? by F. Todd DeZoort......Page 776
What Is the Range of the Internal Auditor\'s Work? by Andrew Cox......Page 779
Why Organizations Need to be Regulated - Lessons from History by Bridget M. Hutter......Page 783
Aligning Structure with Strategy: Recalibrating for Improved Performance and Increased Profitability by R. Brayton Bowen......Page 786
Assessing Opportunities for Growth in Developing Countries of Micro, Small, and Medium-Size Enterprises by Montague J. Lord......Page 789
Assessing Opportunities for Growth in Small and Medium Enterprises by Frank Hoy......Page 793
Avoiding the Mistakes of the Past: Lessons from the Startup World by James E. Schrager......Page 796
Viewpoint: Rajiv Dogra India Today and Tomorrow......Page 798
Corporate-Level Strategy by David R. Sadtler......Page 801
Creating Value with EVA by S. David Young......Page 803
Enhance Competitive Performance via Critical Key Performance Indicators (KPIs) by Zahirul Hoque......Page 806
Viewpoint: Frank Feather China 2020: Double and Quadruple Happiness......Page 810
Everything You Need to Know About Benchmarking by Robin Mann......Page 812
Globalization and Regional Business Strategy by Alan M. Rugman......Page 816
Growing and Maximizing SME Pro¼tability Without Compromising ROI by Neil Marriott......Page 819
The Impact of Climate Change on Business by Graham Dawson......Page 822
Viewpoint: Graeme Leach Corporate Taxation and its Impact on Foreign Direct Investment......Page 825
The Impact of Demographics on Business and the World Economy by Gabriel Stein......Page 827
Increasing the Profitability of Small and Medium Enterprises - A Practical Guide by Tom Brown......Page 831
Innovation and the Path to Growth, Profitability, and Competitiveness by John Milton-Smith......Page 833
Viewpoint: Hamish McRae Economic Ebb and Flow, a World of Challenges and Opportunities......Page 836
Maximizing a New Strategic Alliance by Peter Killing......Page 838
Multidimensional Performance Measurement Using the Balanced Scorecard by Priscilla Wisner......Page 840
Multinationality and Financial Performance by Alan M. Rugman......Page 843
Viewpoint: Mike Moore Globalization, Challenges, and Threats - Where Will the WTO and Free Trade Go?......Page 846
Pro¼tability Analysis Using Activity-Based Costing by Priscilla Wisner......Page 848
Project Planning Techniques for Small and Medium Enterprises by Damian Merciar......Page 852
Real Options: Opportunity from Risk by David C. Shimko......Page 855
Risk - Perspectives and Common Sense Rules for Survival by John C. Groth......Page 858
Viewpoint: Ravi Nedungadi The CFO and the Sustainable Corporation......Page 862
Statistical Process Control for Quality Improvement by Priscilla Wisner......Page 864
Toward a Total Global Strategy by George Yip......Page 869
Turning Around Financial Performance by David Magee......Page 872
Using Decision Analysis to Value R&D Projects by Bert De Reyck......Page 875
Viewpoint: Nenad Pacek Corporate Strategies in Central and Eastern Europe (CEE) from 2009 to 2011......Page 879
Value Creation - Perspectives and Implications by John C. Groth......Page 881
What Entrepreneurs and Small Business Owners Can Do to Increase Their Chances of Success in the Global Economy by Neuman Pollack......Page 886
Why EVA Is the Best Measurement Tool for Creating Shareholder Value by Erik Stern......Page 890
Winning Commercial Tenders by Damian Merciar......Page 892
CHECKLISTS......Page 896
Checklists Practical solutions for everyday questions and challenges......Page 897
Contents......Page 898
Assessing Cash Flow and Bank Lending Requirements......Page 901
Building a Forex Plan......Page 902
Creating a Standardized Process......Page 903
Dealing with Financial Intermediaries......Page 904
Defining the Financial Manager\'s Role......Page 905
Developing a Contingency Funding Plan......Page 906
Estimating Enterprise Value with the Weighted Average Cost of Capital......Page 907
The Foreign Exchange Market: Its Structure and Function......Page 908
Hedging Credit Risk - Case Studies and Strategies......Page 909
Hedging Foreign Exchange Risk   - Case Studies and Strategies......Page 910
Hedging Interest Rate Risk - Case Study and Strategies......Page 911
Hedging Liquidity Risk - Case Study and Strategies......Page 912
How to Manage Your Credit Rating......Page 913
Identifying and Managing Exposure to Interest and Exchange Rate Risks......Page 914
Identifying Weak Points in Your Liquidity......Page 915
Insuring Against Financial Loss......Page 916
Key Components of an Optimal Enterprise Resource Planning System......Page 917
Managing the Time Value of Money......Page 918
Managing Working Capital......Page 919
Managing Your Credit Risk......Page 920
Measuring Financial Health......Page 921
Measuring Liquidity......Page 922
Methods for Dealing With In½ation Risk......Page 923
The Objectives of Corporate Planning and Budgeting......Page 924
Obtaining an Equity Value Using the Weighted Average Cost of Capital (WACC)......Page 925
Preparing a Budget......Page 926
Preparing a Cash Flow Forecast......Page 927
Setting Up a Dividend Policy......Page 928
Swaps, Options, and Futures: What They Are and Their Function......Page 929
Understanding and Calculating the Total Cost of Risk......Page 930
Understanding and Using Carry Trades......Page 931
Understanding and Using Currency Swaps......Page 932
Understanding and Using Inflation Swaps......Page 933
Understanding and Using Interest Rate Swaps......Page 934
Understanding and Using the Cash Conversion Cycle......Page 935
Understanding Asset-Liability Management (Full Balance Sheet Approach)......Page 936
Understanding Capital Structure Theory: Modigliani and Miller......Page 937
Understanding Free Cash Flow......Page 938
Understanding Hedge Ratios......Page 939
Understanding Key Financial Terms and Statements......Page 940
Understanding the Balance Sheet......Page 941
Understanding the Cost of Capital and the Hurdle Rate......Page 942
Understanding the Relationship between the Discount Rate and Risk......Page 943
Understanding the Weighted Average Cost of Capital (WACC)......Page 944
Understanding Yield/Revenue Management......Page 945
The Board\'s Role in Executive Compensation......Page 946
Business Ethics in Islamic Finance......Page 947
Conflicting Interests: The Agency Issue......Page 948
Corporate Governance and Its Interpretations......Page 949
Corporate Governance Practices in Private Equity-Owned Firms......Page 950
Creating a Comprehensive Audit Committee Evaluation Form......Page 951
Creating a Sustainable Development Policy......Page 952
Creating Executive Compensation......Page 953
De¼ning Corporate Governance: Its Aims, Goals, and Responsibilities......Page 954
Directors\' and Officers\' Liability Insurance......Page 955
Directors\' Duties: A Primer......Page 956
Governance Practices in Family-Owned Firms......Page 957
Investors and the Capital Structure......Page 958
Regulatory Responsibilities of Executive and Nonexecutive Directors: An International Overview......Page 959
Requirements of the UK Combined Code on Corporate Governance......Page 960
The Responsibilities of Trustees......Page 961
Selecting the Board and Evaluation Process......Page 962
Sound Business Judgment and Immunity from Liability......Page 963
The Triple Bottom Line......Page 964
Understanding Anti-Takeover Strategies......Page 965
Understanding Crisis Management......Page 966
Basel II - Its Development and Aims......Page 967
Calculating Your Total Economic Capital......Page 968
Captive Insurance Companies: How to Reduce Your Costs......Page 969
Comparative and International Financial Regulation......Page 970
Derivatives Markets: Their Structure and Function......Page 971
Insolvency/Bankruptcy Regulations in Major Regions......Page 972
The Interbank Market: Its Structure and Function......Page 973
Key Islamic Banking Instruments and How They Work......Page 974
Key Principles of Islamic Finance......Page 975
Merchant Banks: Their Structure and Function......Page 976
Retail Banks: Their Structure and Function......Page 977
The Role of the Shariah Advisery Board in Islamic Finance......Page 978
Stress Testing to Evaluate Insurance Cover......Page 979
Understanding and Calculating Probable Maximum Loss (PML)......Page 980
Understanding the Components of an Insurance Contract......Page 981
Calculating a Company\'s Net Worth......Page 982
Calculating Total Shareholder Return......Page 983
Fund of Hedge Funds: Understanding the Risks and Returns......Page 984
Hedge Funds: Understanding the Risks and Returns......Page 985
How to Use Credit Rating Agencies......Page 986
Investing in Employee Pension Plans: Understanding the Risks and Returns......Page 987
Mean-Variance Optimization: A Primer......Page 988
An Overview of Shariah-Compliant Funds......Page 989
Overview of Tax Deeds......Page 990
Structured Investment Vehicles......Page 991
Trading in Commodities: Why and How......Page 992
Trading in Corporate Bonds: Why and How......Page 993
Trading in Equities on Stock Exchanges......Page 994
Trading in Government Bonds: Why and How......Page 995
Understanding and Using the Repos Market......Page 996
Understanding Price Volatility......Page 997
Understanding Private Equity Strategies: An Overview......Page 998
Using Investment Funds (Unit and Investment Trusts)......Page 999
Using Shareholder Value Analysis......Page 1000
Achieving Success in International Acquisitions......Page 1001
Acquiring a Company......Page 1002
Acquisition Accounting......Page 1003
M&A Regulations: A Global Overview......Page 1004
Management Buyouts......Page 1005
Planning the Acquisition Process......Page 1006
Planning the Disposal Process......Page 1007
The Rationale for an Acquisition......Page 1008
Structuring M&A Deals and Tax Planning......Page 1009
Using Dividend Discount Models......Page 1010
Using IRR for M&A Financing......Page 1011
Using the Comparable Net Worth Method in Squeeze Outs......Page 1012
Using the Market-Value Method for Acquisitions......Page 1013
Administering Contracts Successfully......Page 1014
Applying Cost-Benefit Analysis to Project Appraisal......Page 1015
Applying Stress-Testing to Business Continuity Management......Page 1016
Applying Stress-Testing to Operational Risk Exposure......Page 1017
Basic Steps for Starting a Business......Page 1018
Building an Efficient Credit and Collection Accounts System......Page 1019
Building an Electronic Invoicing System......Page 1020
Business Process Reengineering......Page 1021
Calculating Return on Investment in Human Resources......Page 1022
Choosing the Right Payment Policy......Page 1023
Commercial Aspects of Licensing......Page 1024
Competition Law: Key Financial Issues......Page 1025
Corporate Insurance Cover: A Primer......Page 1026
Costing a New Project......Page 1027
Creating a Risk Register......Page 1028
Distribution Agreements......Page 1029
Efficient Invoicing Procedures......Page 1030
Ensuring Effective Financial Control......Page 1031
How to Optimize Stock Control......Page 1032
Identifying Your Continuity Needs......Page 1033
Insuring Against Business Interruption......Page 1034
Intellectual Property - Copyright......Page 1035
Intellectual Property - Patents - An International Overview......Page 1036
Intellectual Property - Registered Designs and Trademarks......Page 1037
International Comparisons of Company Law......Page 1038
Inventory - How to Control It Effectively......Page 1039
Invoicing and Credit Control for Small and Medium-Sized Enterprises......Page 1040
Islamic Commercial Law......Page 1041
Islamic Law of Contracts......Page 1042
Managing and Auditing the Risk of Business Interruption......Page 1043
Managing Bankruptcy and Insolvency......Page 1044
Performing a Skills Gap Analysis......Page 1045
Performing Total Cost of Ownership Analysis......Page 1046
Practical Purchasing Procedures......Page 1047
Practical Techniques for Commercial Mediation......Page 1048
The Principles of Litigation......Page 1049
Setting Up a Key Risk Indicator System......Page 1050
Structuring and Negotiating Joint Ventures......Page 1051
Structuring, Negotiating, and Drafting Agency Agreements......Page 1052
Understanding and Calculating RORAC, RAROC, and RARORAC......Page 1053
Understanding Continuity Insurance......Page 1054
Understanding the Financial Aspects of Employing People......Page 1055
What Is Benchmarking?......Page 1056
The Bond Market: Its Structure and Function......Page 1057
Dealing with Venture Capital Companies......Page 1058
Financial Intermediaries: Their Role and Relation to Financial Markets......Page 1059
Franchising a Business......Page 1060
How to Use Receivables as Collateral......Page 1061
Measuring Gearing......Page 1062
Money Markets: Their Structure and Function......Page 1063
Options for Raising Finance......Page 1064
Overview of Loan Agreements......Page 1065
An Overview of Stockholders\' Agreements......Page 1066
Raising Capital by Issuing Bonds......Page 1067
Raising Capital by Issuing Shares......Page 1068
Raising Capital through Private and Public Equity......Page 1069
Sovereign Wealth Funds - Investment Strategies and Objectives......Page 1070
Steps for Obtaining Bank Financing......Page 1071
Stock Markets: Their Structure and Function......Page 1072
Understanding and Using Interest Coverage Ratios......Page 1073
Understanding and Using Leverage Ratios......Page 1074
Understanding Capital Markets, Structure and Function......Page 1075
Understanding Debt Cover......Page 1076
Understanding Fixed-Charge Coverage......Page 1077
Using Mezzanine Financing......Page 1078
Balancing Hedging Objectives with Accounting Rules (FAS 133)......Page 1079
The Chief Audit Executive\'s (CAE) Roles and Responsibilities......Page 1080
Establishing a Framework for Assessing Risk......Page 1081
The EU Regulatory Regime......Page 1082
International Financial Reporting Standards (IFRS): The Basics......Page 1083
The IIA Code of Ethics......Page 1084
Key Accounting Standards and Organizations......Page 1085
Key Components of a Corporate Risk Register......Page 1086
The Key Components of an Audit Report......Page 1087
Middle East: Regulatory Structure and Powers......Page 1088
MiFID - Its Development and Aims......Page 1089
Preparing Financial Statements: Balance Sheets......Page 1090
Preparing Financial Statements: Profit and Loss Accounts (P&Ls)......Page 1091
Principles of Financial Services Regulation......Page 1092
Regulatory and Capital Issues under Shariah Law......Page 1093
Sarbanes-Oxley: Its Development and Aims......Page 1094
Solvency II: Its Development and Aims......Page 1095
Stress Testing and Scenario Analysis for Keeping Up with Regulation......Page 1096
The Ten Accounting Principles......Page 1097
Understanding Internal Capital Adequacy Assessment Process (ICAAP)......Page 1098
Understanding Impairment Accounting: What It Is and When It Is Used......Page 1099
Understanding Internal Audits......Page 1100
Understanding the Key Components of GAAP: The Continuing Concern Concept......Page 1101
United Kingdom: Regulatory Structure and Powers......Page 1102
Using and Understanding Financial Ratios for Analysis......Page 1103
What Is Forensic Auditing?......Page 1104
Appraising Investment Opportunities......Page 1105
Assessing Business Performance......Page 1106
Assessing Economies of Scale in Business......Page 1107
Understanding Decision-Tree Analysis......Page 1108
Understanding Key Performance Indicators......Page 1109
Understanding Pareto\'s Law......Page 1110
Understanding Real Options......Page 1111
Understanding Strategy Maps......Page 1112
CALCULATIONS AND RATIOS......Page 1114
Calculations and Ratios......Page 1115
Contents......Page 1116
Accounts Receivable Turnover......Page 1117
Acid-Test Ratio......Page 1118
Activity-Based Costing......Page 1119
Alpha and Beta Values of a Security......Page 1121
Amortization......Page 1122
Asset Turnover......Page 1123
Asset Utilization......Page 1124
Binomial Distribution......Page 1125
Bond Yield......Page 1126
Book Value......Page 1127
Borrowing Costs and Capitalization......Page 1128
Break-Even Analysis......Page 1129
Capital Asset Pricing Model......Page 1130
Capitalization Ratios......Page 1131
Central Limit Theorem......Page 1132
Conversion Price......Page 1133
Conversion Ratio......Page 1134
Convertible Preferred Stock......Page 1135
Cost of Goods Sold......Page 1136
Covariance......Page 1137
Creating a Balance Sheet......Page 1138
Creating a Profit and Loss (P&L) Account......Page 1139
Creditor and Debtor Days......Page 1140
Current Price of a Bond......Page 1141
Days Sales Outstanding......Page 1142
Debt/Equity Ratio......Page 1143
De¼ning Assets......Page 1144
Depreciation......Page 1145
Discounted Cash Flow......Page 1146
Distinguishing Between a Capital and an Operating Lease......Page 1147
Earnings at Risk......Page 1148
Earnings per Share......Page 1149
EBITDA......Page 1150
Efficiency and Operating Ratios......Page 1151
Enterprise Value......Page 1152
Exchange Rate Risk......Page 1153
Fair Value Calculations......Page 1155
Forward Interest Rates......Page 1156
Future Value of an Annuity......Page 1157
Goodwill and Patents......Page 1158
Interest Coverage......Page 1159
Internal Rate of Return......Page 1160
Liquidity Ratio Analysis......Page 1161
Marginal Cost......Page 1162
Marginal Rate of Substitution......Page 1163
Net Added Value (NAV) and Adjusted NAV......Page 1164
Net Present Value......Page 1165
Nominal and Real Interest Rates......Page 1166
Option Pricing......Page 1167
Payout Ratio......Page 1168
Portfolio Analysis: Duration, Convexity, and Immunization......Page 1169
Price/Earnings Ratio......Page 1170
Price/Sales Ratio......Page 1171
Quantitative Methods......Page 1172
Reading an Annual Report......Page 1173
Reserve Ratio......Page 1175
Return on Assets......Page 1176
Return on Investment......Page 1177
Return on Stockholders\' Equity......Page 1178
Risk-Adjusted Rate of Return......Page 1179
Scenario Analysis......Page 1180
Statistical Process Control Methods......Page 1181
Stochastic Modeling......Page 1182
Stress Testing......Page 1183
Term Structure of Interest Rates......Page 1184
Tick Value......Page 1185
Time Value of Money......Page 1186
Treynor Ratio......Page 1187
Weighted Average Cost of Capital......Page 1188
Working Capital......Page 1189
Working Capital Cycle......Page 1190
Yield......Page 1191
Z-Score......Page 1192
FINANCE THINKERS AND LEADERS......Page 1194
Finance Thinkers and Leaders Profiling the top finance thinkers and pioneers......Page 1195
Contents......Page 1196
Prince Al-Walid binTalal   Billionaire member of Saudi royal family and international investor......Page 1197
Igor Ansoff   The father of modern strategic management......Page 1198
Louis Bachelier   The father of financial mathematics......Page 1199
Gary Becker   Nobel Prize-winning economist......Page 1200
Peter L. Bernstein   The foremost chronicler of risk......Page 1201
Fischer Black   The high priest of modern finance......Page 1202
Gary Brinson   One of the world\'s most influential investment managers......Page 1203
Warren Buffett   The sage of Omaha......Page 1204
Andrew Carnegie   The original wealthy philanthropist......Page 1205
Ronald Harry Coase   Influential economist and social policy innovator......Page 1206
John C. Cox   One of the vanguards of options modeling......Page 1207
Gottlieb Daimler   Pioneer of internal combustion engines and automobiles......Page 1208
Joseph de la Vega   Author of Confusion of Confusions, the oldest book on the stock exchange business......Page 1209
Marc Faber   Contrarian investor and market predictor......Page 1210
Eugene Fama   Author of the efficient markets hypothesis......Page 1211
Irving Fisher   Renowned neoclassical economist of the early 20th Century......Page 1212
John Kenneth Galbraith   Leading 20th-century economist and institutionalist......Page 1213
Louis Gerstner   Breathed new life into IBM......Page 1214
Benjamin Graham   The father of modern security analysis......Page 1215
Alan Greenspan   The longest-serving Chairman of the US Federal Reserve......Page 1216
Friedrich Hayek   Influential social theorist and advocate of free markets......Page 1217
Daniel Kahneman   Nobel laureate who helped develop prospect theory......Page 1218
John Maynard Keynes   Key economic thinker of the 20th century......Page 1219
Edwin Lefèvre   American writer and statesman, best known for his writings on Wall Street......Page 1220
Burton Malkiel   American economist, and author of classic finance book, A Random Walk Down Wall Street......Page 1221
Harry Markowitz   The grandfather of modern portfolio theory......Page 1222
Robert Merton   Nobel Prize-winning economist and financial innovator......Page 1223
Merton Miller   Nobel Prize-winning economist, and activist supporter of free-market solutions......Page 1224
Franco Modigliani   Nobel Prize-winning macroeconomist......Page 1225
J. P. Morgan   Legendary American banker......Page 1226
Nicholas Negroponte   Greek-American digital innovator, and computer scientist......Page 1227
Paul H. O\'Neill   Former Secretary to the US Treasury......Page 1228
Michael Eugene Porter   Leading authority on competitive strategy......Page 1229
C. K. Prahalad   Influential thinker on competition and innovation......Page 1230
David Ricardo   Founder of the classical school of economics......Page 1231
John D. Rockefeller   American industrialist, and the world\'s first dollar billionaire......Page 1232
Stephen A. Ross   Creator of the arbitrage pricing theory......Page 1233
Nouriel Roubini   Leading economic policy advisor......Page 1234
Paul Samuelson   One of the founders of modern neoclassical economics......Page 1235
Jean-Baptiste Say   Early classical political economist......Page 1236
Myron Scholes   Leading economist, and co-author of the Black-Scholes equation......Page 1237
Ernst Friedrich Schumacher   Internationally renowned economist, and environmentalist......Page 1238
Joseph Schumpeter   Economist, and political scientist......Page 1239
William F. Sharpe   Nobel Prize-winning financial economist......Page 1240
Jeremy Siegel   Renowned finance academic, and writer......Page 1241
Ernst Werner von Siemens   Founding father of electrical engineering......Page 1242
Adam Smith   The father of modern economics......Page 1243
George Soros   Billionaire philanthropist who “broke” the Bank of England......Page 1244
Joseph Stiglitz   American economist renowned for his critical view on globalization......Page 1245
Sun Tzu   Author of The Art of War......Page 1246
Richard Thaler   Influential thinker on behavioral ¼nance......Page 1247
James Tobin   American economist proponent of Keynesian economics......Page 1248
Amos Tversky   Pioneer of cognitive science......Page 1249
Arnold, Lord Weinstock   One of Britain\'s most revered industrialists......Page 1250
Jack Welch   Innovative and revered business leader......Page 1251
Mohammad Yunus   Banker to the poor......Page 1252
Robert Zoellick   President of the World Bank......Page 1253
FINANCE LIBRARY......Page 1254
Finance Library Summarizing the most influential finance books of all time......Page 1255
Contents......Page 1256
Absolute Returns: The Risk and Opportunities of Hedge Fund Investing......Page 1259
Accounting and Finance for Non-Specialists......Page 1260
Advances in Behavioral Finance......Page 1261
Against the Gods: The Remarkable Story of Risk......Page 1262
The Age of Discontinuity: Guidelines to Our Changing Society......Page 1263
The Age of Turbulence: Adventures in a New World......Page 1264
The Alchemy of Finance: Reading the Mind of the Market......Page 1265
The Art of Japanese Management......Page 1266
The Art of War......Page 1267
Balanced Scorecard: Translating Strategy into Action......Page 1268
Banker to the Poor: The Story of the Grameen Bank......Page 1269
Barbarians at the Gate: The Fall of RJR Nabisco......Page 1270
The Basel Handbook: A Guide for Financial Practitioners......Page 1271
A Behavioral Theory of the Firm......Page 1272
Being Digital......Page 1273
The Black Swan: The Impact of the Highly Improbable......Page 1274
Blink: The Power of Thinking without Thinking......Page 1275
Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant......Page 1276
The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It......Page 1277
The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger......Page 1278
Business @ the Speed of Thought: Succeeding in the Digital Economy......Page 1279
The Caring Economy: Business Principles for the New Digital Age......Page 1280
Cash½ow Reengineering: How to Optimize the Cashflow Timeline and Improve Financial Efficiency......Page 1281
Common Stocks and Uncommon Pro¼ts......Page 1282
Competing for the Future......Page 1283
The Competitive Advantage of Nations......Page 1284
Competitive Strategy: Techniques for Analyzing Industries and Competitors......Page 1285
Confusión de Confusiones......Page 1286
Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression......Page 1287
Corporate Financial Management......Page 1288
Corporate-Level Strategy: Creating Value in the Multibusiness Company......Page 1289
Corporate Strategy: An Analytic Approach to Business Policy for Growth and Expansion......Page 1290
Cost and Effect: Using Integrated Cost Systems to Drive Profitability and Performance......Page 1291
Damodaran on Valuation: Security Analysis for Investment and Corporate Finance......Page 1292
The Death of Distance: How the Communications Revolution Is Changing Our Lives and Our Work......Page 1293
A Demon of Our Own Design......Page 1294
Digital Capital: Harnessing the Power of Business Webs......Page 1295
The Essence of Financial Management......Page 1296
The EVA Challenge: Implementing Value-Added Change in an Organization......Page 1297
Extraordinary Popular Delusions and the Madness of Crowds......Page 1298
A Farewell to Alms: A Brief Economic History of the World......Page 1299
FIASCO: The Inside Story of a Wall Street Trader......Page 1300
Finance......Page 1301
The Finance Manual for Non-Financial Managers: The Power to Make Confident Financial Decisions......Page 1302
Financial Accounting and Reporting......Page 1303
Financial Control for Non-Financial Managers......Page 1304
Financial Management......Page 1305
Financial Management: An Introduction......Page 1306
Financial Management for the Small Business......Page 1307
Financial Strategy: Adding Stakeholder Value......Page 1308
The Financial Times Handbook of Financial Management......Page 1309
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets......Page 1310
Foundations of Multinational Financial Management......Page 1311
Frank Wood\'s Business Accounting, Volumes 1 and 2......Page 1312
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything......Page 1313
The Functions of the Executive......Page 1314
Futures, Options, and Swaps......Page 1315
The Global Financial System: A Functional Perspective......Page 1316
Globalization and Its Discontents......Page 1317
Governance and Risk: An Analytical Handbook for Investors, Managers, Directors, and Stakeholders......Page 1318
The Great Crash, 1929......Page 1319
The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives......Page 1320
How the Stock Market Works......Page 1321
How to Be Rich......Page 1322
Inefficient Markets: An Introduction to Behavioral Finance......Page 1323
Information Rules: A Strategic Guide to the Network Economy......Page 1324
Innovation Corrupted: The Origins and Legacy of Enron\'s Collapse......Page 1325
Intellectual Capital: The New Wealth of Organizations......Page 1326
The Intelligent Investor......Page 1327
International Financial Management......Page 1328
Introduction to Accounting......Page 1329
An Introduction to Islamic Finance Theory and Practice......Page 1330
Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It......Page 1331
Investments......Page 1332
Irrational Exuberance......Page 1333
Juran on Planning for Quality......Page 1334
Liar\'s Poker: Rising Through the Wreckage on Wall Street......Page 1335
The Living Company: Habits for Survival in a Turbulent Business Environment......Page 1336
Macroeconomics......Page 1337
Management Accounts: How to Use Them to Control Your Business......Page 1338
Managing......Page 1339
Managing Across Borders: The Transnational Solution......Page 1340
Managing Financial Resources......Page 1341
Market Wizards: Interviews with Top Traders......Page 1342
Mastering Financial Management: Demystify Finance and Transform Your Financial Skills of Management......Page 1343
Mastering Risk, Volume 1: Concepts......Page 1344
The (Mis)behavior of Markets......Page 1345
The Money Game......Page 1346
Monkey Business: Swinging Through the Wall Street Jungle......Page 1347
Multinational Business Finance......Page 1348
My Life as a Quant......Page 1349
A Non-Random Walk Down Wall Street......Page 1350
On the Economy of Machinery and Manufactures......Page 1351
One Up on Wall Street: How to Use What You Already Know to Make Money in the Market......Page 1352
Option Volatility and Pricing: Advanced Trading Strategies and Techniques......Page 1353
Options, Futures, and Other Derivatives......Page 1354
The Portable MBA in Finance and Accounting......Page 1355
Portfolio Selection: Efficient Diversification of Investments......Page 1356
Portfolio Theory and Capital Markets......Page 1357
The Practice of Management......Page 1358
Principles of Corporate Finance......Page 1359
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing......Page 1360
Reengineering the Corporation: A Manifesto for Business Revolution......Page 1361
Reminiscences of a Stock Operator......Page 1362
The Rise and Fall of Strategic Planning......Page 1363
The Six Sigma Way: How GE, Motorola and Other Top Companies are Honing Their Performance......Page 1364
The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron......Page 1365
The Snowball: Warren Buffett and the Business of Life......Page 1366
Stocks for the Long Run: The De¼nitive Guide to Financial Market Returns and Long-Term Investment Strategies......Page 1367
Take On the Street: What Wall Street and Corporate America Don\'t Want You to Know......Page 1368
Taxes and Business Strategy: A Planning Approach......Page 1369
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications......Page 1370
Test Your Financial Awareness......Page 1371
The Theory of Finance......Page 1372
The Theory of Social and Economic Organization......Page 1373
The Tipping Point: How Little Things Can Make a Big Difference......Page 1374
Traders, Guns, and Money: Knowns and Unknowns in the Dazzling World of Derivatives......Page 1375
The Undercover Economist......Page 1376
Valuation: Measuring and Managing the Value of Companies......Page 1377
Value at Risk......Page 1378
The Warren Buffett Way......Page 1379
The Wealth of Nations......Page 1380
What Went Wrong at Enron: Everyone\'s Guide to the Largest Bankruptcy in US History......Page 1381
When Genius Failed: The Rise and Fall of Long-Term Capital Management......Page 1382
When Markets Collide: Investment Strategies for the Age of Global Economic Change......Page 1383
Why Smart People Make Big Money Mistakes and How to Correct Them......Page 1384
Wikinomics: How Mass Collaboration Changes Everything......Page 1385
COUNTRY AND SECTOR PROFILES......Page 1386
Country and Sector Profiles......Page 1387
Contents......Page 1388
Algeria......Page 1390
Angola......Page 1391
Antigua and Barbuda......Page 1393
Argentina......Page 1394
Australia......Page 1396
Austria......Page 1397
The Bahamas......Page 1399
Bahrain......Page 1400
Bangladesh......Page 1402
Barbados......Page 1403
Belgium......Page 1405
Bermuda......Page 1406
Bolivia......Page 1408
Botswana......Page 1409
Brazil......Page 1411
British Virgin Islands......Page 1412
Brunei......Page 1413
Canada......Page 1415
Cayman Islands......Page 1416
Channel Islands......Page 1418
Chile......Page 1419
China......Page 1421
Colombia......Page 1422
Cook Islands......Page 1424
Croatia......Page 1425
Cyprus......Page 1427
Czech Republic......Page 1428
Denmark......Page 1430
Dominica......Page 1431
Ecuador......Page 1433
Egypt......Page 1434
Estonia......Page 1436
Finland......Page 1437
France......Page 1439
Germany......Page 1440
Ghana......Page 1442
Gibraltar......Page 1444
Greece......Page 1445
Hong Kong......Page 1447
Hungary......Page 1448
Iceland......Page 1450
India......Page 1451
Indonesia......Page 1453
Iran......Page 1455
Iraq......Page 1456
Ireland......Page 1458
Isle of Man......Page 1459
Israel and the Palestinian Territories......Page 1461
Italy......Page 1462
Japan......Page 1464
Jordan......Page 1465
Kuwait......Page 1467
Latvia......Page 1468
Lebanon......Page 1470
Libya......Page 1471
Liechtenstein......Page 1473
Lithuania......Page 1475
Luxembourg......Page 1476
Macau......Page 1478
Malaysia......Page 1479
Malta......Page 1480
Mauritius......Page 1482
Mexico......Page 1483
Monaco......Page 1485
Montserrat......Page 1486
Morocco......Page 1488
Nauru......Page 1489
The Netherlands......Page 1491
New Zealand......Page 1492
Nigeria......Page 1494
Norway......Page 1495
Pakistan......Page 1496
Panama......Page 1498
Peru......Page 1499
The Philippines......Page 1501
Poland......Page 1502
Portugal......Page 1503
Qatar......Page 1505
Romania......Page 1506
Russia......Page 1508
Saudi Arabia......Page 1510
Seychelles......Page 1511
Singapore......Page 1513
Slovak Republic......Page 1514
Slovenia......Page 1516
South Africa......Page 1517
South Korea......Page 1519
Spain......Page 1521
St Kitts and Nevis......Page 1522
Sweden......Page 1524
Switzerland......Page 1525
Syria......Page 1527
Taiwan......Page 1528
Thailand......Page 1530
Tunisia......Page 1531
Turkey......Page 1533
Turks and Caicos Islands......Page 1534
United Arab Emirates......Page 1536
United Kingdom......Page 1537
United States of America......Page 1539
Ukraine......Page 1540
Venezuela......Page 1542
Automobiles......Page 1544
Aviation......Page 1545
Banking and Financial Services......Page 1547
Chemicals......Page 1549
Construction and Building Materials......Page 1551
Defense......Page 1553
E-Commerce......Page 1555
Electronics......Page 1557
Energy......Page 1559
Engineering......Page 1561
Food and Agribusiness......Page 1562
Healthcare and Pharmaceuticals......Page 1565
Insurance......Page 1567
Information Technology......Page 1569
Media......Page 1570
Mining......Page 1572
Oil and Gas......Page 1574
Professional Services......Page 1576
Real Estate......Page 1578
Retail......Page 1579
Shipping......Page 1581
Steel......Page 1583
Telecoms......Page 1585
Tourism and Hotels......Page 1587
Transport and Logistics......Page 1588
Water......Page 1590
FINANCE INFORMATION SOURCES......Page 1594
Finance Information Sources Providing the quickest and easiest route to the best ¼nance information available......Page 1595
Contents......Page 1596
Accounting......Page 1597
Acquisitions, Takeovers, and Mergers......Page 1601
Analytical Techniques and Statistics......Page 1604
Asset and Liability Management......Page 1606
Auditing and Management Audit......Page 1608
Bankruptcy and Business Failure......Page 1610
Behavioral Finance......Page 1613
Benchmarking......Page 1615
Bonds/Fixed Income......Page 1617
Budgeting......Page 1620
Business Appraisal and Performance Measurement......Page 1623
Business Ethics and Codes of Practice......Page 1627
Business Plans and Planning......Page 1631
Business Process Reengineering......Page 1633
Capital Markets and Stock Markets......Page 1635
Central Banking......Page 1638
Contingency, Crisis, Disaster Management......Page 1641
Corporate Culture......Page 1644
Corporate Insurance......Page 1647
Corporate Strategy......Page 1653
Corporate Valuation......Page 1657
Credit and Debt Management......Page 1661
Currency and Foreign Exchange......Page 1663
Derivatives and Quantitative Finance......Page 1665
Econometrics......Page 1669
Emerging Market Finance......Page 1672
Energy and Commodity Finance......Page 1675
Financial Economics......Page 1678
Financial Modeling......Page 1682
Forecasting and Scenario Planning......Page 1685
Hedge Funds, Fund Management, and Alternative Investments......Page 1688
Intellectual Property......Page 1691
International Finance......Page 1694
International Management, Cross-Cultural Management......Page 1697
Investment......Page 1700
Islamic Finance......Page 1706
Knowledge Management......Page 1711
Leadership......Page 1716
Management Buyouts......Page 1722
Management Styles......Page 1724
Management Theorists......Page 1726
Market Research and Competitor Intelligence......Page 1728
Mathematical Finance......Page 1731
Money Laundering......Page 1734
Mortgage Finance......Page 1737
Operations Management......Page 1741
Outsourcing......Page 1744
Pension Fund Finance......Page 1746
Pricing......Page 1750
Private Equity......Page 1752
Process Control and Statistical Process Control......Page 1756
Project Finance......Page 1758
Purchasing and Supply Chain Management......Page 1761
Retail Banking......Page 1764
Risk Management......Page 1768
Selling and Salesmanship......Page 1772
Small and Growing Businesses......Page 1776
Social Responsibility of Management......Page 1782
Structured Finance......Page 1785
Technical Analysis......Page 1788
Trading......Page 1791
Transport Finance......Page 1794
Venture Capital......Page 1797
Wealth Management......Page 1800
QUOTATIONS......Page 1804
Quotations......Page 1805
Contents......Page 1806
Action......Page 1807
Advertising......Page 1808
Banking......Page 1809
Boom and Bust......Page 1811
Business Ethics......Page 1813
Capitalism versus Socialism......Page 1815
Change......Page 1816
Civilization......Page 1818
Communication......Page 1819
Computers......Page 1820
Consultants and Advisers......Page 1821
Corporate Culture......Page 1822
Corporate Responsibility......Page 1823
Corruption and Scandal......Page 1824
Criticism......Page 1825
Debt......Page 1826
Determination......Page 1827
Doing Business in Asia-Pacific......Page 1828
Doing Business in Latin America......Page 1829
Economics......Page 1830
Employees......Page 1832
Excellence......Page 1833
Experience......Page 1834
Failure......Page 1835
Finance......Page 1836
Getting Started......Page 1839
Goals and Objectives......Page 1840
Greed......Page 1841
Ideas......Page 1842
Imagination......Page 1843
Industry......Page 1844
Innovation......Page 1845
Investment......Page 1846
Knowledge......Page 1847
Leadership......Page 1848
Learning......Page 1849
Luck......Page 1850
Management......Page 1851
Media......Page 1852
Mistakes......Page 1853
Money......Page 1854
Negotiation......Page 1855
Opportunity......Page 1856
Organizations......Page 1857
Performance......Page 1858
Philanthropy......Page 1859
Power......Page 1860
Praise and Recognition......Page 1861
Problems and Obstacles......Page 1862
Productivity......Page 1863
Progress......Page 1864
Research......Page 1865
Risk Taking......Page 1866
Sincerity......Page 1867
Speeches......Page 1868
Stress......Page 1869
Success......Page 1870
Technology......Page 1871
Travel......Page 1872
Wages......Page 1873
Wealth......Page 1874
Work and Employment......Page 1875
Author Index......Page 1878
DICTIONARY......Page 1892
Dictionary Defining finance and business; the most up-to-date global business and finance English dictionary......Page 1893
A......Page 1894
B......Page 1916
C......Page 1938
D......Page 1978
E......Page 1995
F......Page 2012
G......Page 2027
H......Page 2034
I......Page 2039
J......Page 2054
K......Page 2055
L......Page 2056
M......Page 2066
N......Page 2082
O......Page 2091
P......Page 2100
Q......Page 2120
R......Page 2122
S......Page 2136
T......Page 2158
U......Page 2170
V......Page 2174
W......Page 2177
Y......Page 2181
Z......Page 2182
Index......Page 2184
Credits......Page 2206