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Corporate Finance for Long-Term Value

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This open access textbook offers a guide to corporate finance for modern companies that want to create long-term value. Drawing on recent literature on sustainable companies, it starts by analysing the Sustainable Development Goals as a strategy for the transition to a sustainable economy. Next, it translates the general concept of sustainability into core corporate finance methods, such as net present value, company valuation, cost of capital, capital structure and M&A.

Current corporate finance textbooks are primarily based on the shareholder model, designed to maximise financial value. This book instead adopts the integrated model, which argues that companies have to serve the interests of their current and future stakeholders. Accordingly, companies move from simply maximising financial value to optimising integrated value, which combines financial, social and environmental value. Applying this new paradigm of integrated value is the truly innovative feature of this textbook.

Written for undergraduate and graduate students of Finance, Economics, and Business Administration, this textbook provides a fresh analysis of corporate finance. Combining theory, empirical data and examples from actual companies, it reveals the sustainability challenges for corporate investment and shows how finance can be used to steer funds to sustainable companies and projects and thus accelerate the transition to a sustainable economy.

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Availability

Detail Information

Series Title

Springer Texts in Business and Economics (STBE)

Call Number

650 WES m

Publisher

Cham : Springer Cham., 2023

Collation

XXXIX, 630

Language

English

ISBN/ISSN

978-3-031-35009-2

Classification

650

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Business Finance

Specific Detail Info

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Statement of Responsibility

Dirk Schoenmaker, Willem Schramade

Other Information

Cataloger

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Source

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Validator

Maya

Digital Object Identifier (DOI)

https://doi.org/10.1007/978-3-031-35009-2

Journal Volume

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Journal Issue

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Subtitle

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Parallel Title

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