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"Strategic Financial Management: Part II" icon

Strategic Financial Management: Part II

This is a free textbook offered by BookBoon. 'In a world of geo-political, social and economic uncertainty, strategic financial management is in a process of change. However, modern finance theory reduces future uncertainty to quantifiable risk so that savvy analysts and financial managers can estimate an investment’s prospective yield using classical probability theory. Part 1 of the Strategic Financial Management e-book looked at the normative objective of strategic management preferred by analysts in the twentieth century, as well as the material investment decision. Part 2 expands on this discussion to examine the impact of the finance decisions on investment decisions for all-equity firms, and models an alternative to Net Present Value (NPV), or wealth maximisation concept, through the... Show More


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