Corporate Finance: Theory and Practice, 3rd Edition, the website www.vernimmen.com and the Vernimmen.com newsletter are all written and created by an author team who are both investment bankers/corporate financiers and academics.
This book covers the theory and practice of Corporate Finance from a truly European perspective. It shows how to use financial theory to solve practical problems and is written for students of corporate finance and financial analysis and practising corporate financiers.
Corporate Finance: Theory and Practice, 3
rd Edition is split into four sections covering the basics of financial analysis; the basic theories behind valuing a firm; the major types of financial securities (equity, debt & options) and, finally, financial management; how to organise a company’s equity capital, buying and selling companies, M&A, bankruptcy and cash flow management.
Key features include:
- A section on financial analysis – a Corporate Financier must understand a company based on a detailed analysis of its accounts. Large numbers neglected this approach during the last stock market bubble and were caught in the crash that inevitably followed. How many investors took the trouble to read Enron’s annual report? Those who did found that it spoke volumes!
- End of Chapter Summary, Questions and Answers, Glossary, European Case Studies
- A supporting Website http://www.vernimmen.com with free access to statistics, a glossary & lexicon; articles, notes on financial transactions, basic financial figures for more than 10,000 European and US listed companies, thesis topics, a bibliography; case studies, Q&A; A letter box for your questions to the authors – a reply guaranteed within 72 hours
- A free monthly newsletter on Corporate Finance sent out to subscribers to the site.
Corporate Finance: Theory and Practice continues to hold sway as one of the most popular financial textbooks, thanks to its four unique features:
- A balanced blend of theory and practice: authors hold academic positions at top ranking universities and business schools and are also investment bankers, private investors or sit on the boards of listed and unlisted companies
- A presentation of concepts that explain situations, followed by a discussion of techniques in a direct and succinct style
- Content enriched by the www.vernimmen.com website, which with 1,500 daily visitors is one of the leading finance teaching sites worldwide
- Free monthly updates on finance through The Vernimmen.com Newsletter, with over 60,000 subscribers
The authors draw on their dual experience to enhance and expand the content of the book through the inclusion of new chapters on IPOs and management of working capital that is so key to the survival of firms during times of crisis or of strong growth.
Corporate Finance is a very useful reference book for students and practitionersboth of whomwill get great help in the present complex environment in understandingthe principles of the financial markets and their practical application. The book s approach is both logical and sequentialand presentssome interesting cases that make study easier and more stimulating.
GABRIELE GALATERI, CHAIRMAN OF TELECOM ITALIA
Iopened my first Vernimmen in 1982. After having spent a just a few weekends reading it, I felt better equippedfor my role in financial management at Paribas.Now at Apax, the Vernimmen remains my companion in my search for value creation (key in the private equity industry).
Monique Cohen, associated director, apax partners
Written in a fluent and readable style and supplemented by numerous real-world examples, Corporate Finance: Theory and Practice has served as an excellent aid to my studies of finance. The book s broad content has been indispensable in acquiring a better understanding of all the core areas of finance, ranging from the basics of financial analysis through to the workings of complex M&A transactions and cutting edge financial products.
GEOFFREY COOMBS, STUDENT AT ESCP EUROPE
"What sets the Vernimmen apart from other text books is its integration of practice and current affairs in a rigorous theoretical framework. Recipes and pontification are replaced by a scientific approach. And, thanks to the Newsletter, this is done practically in real time!"
Christophe Evers, Professor of Finance at the Solvay Brussels School, Executive Director of Texaf
"Corporate finance is a lively subject that changes from day to day and evolves regularly, depending on new market developments. The Vernimmen is a true bible of corporate finance. With regular updates through their monthly newsletter and upgrades, the authors have made it applicable to any place, any time. This is pretty unique in the field. "
Mehdi Sethom, managing director, Swicorp, Head of Advisory
