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FINANCE FOR EXECUTIVES

 

UPDATED FINANCIAL INFORMATION AND SUGGESTED READINGS

 

The following information is organized by topics covered in the FFE course. You will find a list of Betas by industry in levered and unlevered format, updated information on the cost of debt by rating and by country and key performance figures such as the Economic Value Added per industry. We also make a selected number of readings available that relate to the course material and includes suggestions from you, the former FFE participants.

 

bulletBusiness Decisions

ð     Textbook by Hawawini and Viallet: "Finance for executives". 3rd edition

 

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Valuation

ð     Industry Betas, levered and unlevered for European companies

ð     Industry Betas, levered and unlevered for US companies

ð     Cost of Capital and EVA by industry, US companies

ð     Cost of Capital: Country ratings and required risk premium

ð     Cost of Debt: Risk premium by rating category

ð     Valuation multiples by Industry

ð     Variable definitions

ð     Reading: Risk premium

 

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Corporate Financial Policy

ð     Leverage and Tax rates by industry, European companies

ð    Leverage, tax rate and related ratios by industry, US companies

ð     Payout ratios and return on equity by industry, US companies

ð     Variable definitions

ð     Readings:
Death of the dividend?
Dividends are forever

 

bulletMergers and Acquisitions

ð     Valuation multiples by Industry

ð     Variable definitions

ð     Readings:
Stock or Cash? (Harvard Business Review: Due to copyright, article will be emailed to you)

bulletRisk Management

ð     Readings:
Risk management for the masses

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Value Based Management

ð     Economic Value Added (EVA) by industry, US companies

ð     Variable definitions