Finance Theory And Practice

[Ammiano Hibbert]

Thenewly revised Sixth Edition of Corporate Finance: Theory and Practice delivers a uniquely European perspective on the foundations and latest trends in corporate finance, including the marked shifts brought about by sustainability, environmental, and social concerns.

Containing updated statistics and graphs, the book covers the latest innovations in financial practice, like the rise of private equity investment, the continuous decline in listed companies, and the dramatic surge of sustainability-linked financing products. Readers get access to an accompanying website that offers regularly updated statistics, graphs, and charts, direct email access to the authors, quizzes, case studies, articles, and more.

Pierre Vernimmen (deceased) Graduate of HEC and Harvard, was a founding member and first coordinator of the Finance Department at HEC, where he established himself as a leading academic in the field of corporate finance. In 1973 he joined Paribas, initially as a private equity banker, moving onto the advisory business line (M&A, privatisations, financial restructurings) which he set up and managed from 1993 until his death in 1996.

Pascal Quiry (Paris, France) holds the BNP Paribas Chair in Finance at HEC Paris and he is a founder of an investment fund which specialises in investing in start-ups and unlisted SMEs. He is a former managing director in the M&A division of BNP Paribas where he was in charge of deals execution.

Yann Le Fur (Paris, France) is an Affiliated Professor at HEC Paris Business School and a senior banker for Natixis after working as an investment banker for a number of years, notably with Schroders, Citi and Mediobanca and as an M&A director for Alstom.

Modern Corporate Finance combines a forward-looking vision of corporate finance with the tried and true practices of the past. With a clear and concise approach, the authors emphasize the modernist movement in finance, which is based on systematic methodology with an emphasis on deductive reasoning and empirical validation. These concepts are not usually taught at an introductory level, due to the lack of teaching resources available. This book was written to fill that void.

FlatWorld Homework includes multi-format questions written specifically for your FlatWorld book, which you can access through our stand-alone interface or integrate with your learning management system.

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A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

Don Chambers (PhD University of North Carolina at Chapel Hill) is Emeritus Professor of Finance at Lafayette College in Easton and Chief Investment Officer at Biltmore Capital Advisors. Don has published over fifty articles and several books in investments, corporate finance and risk management. Most recently, he co-authored Alternative Investments, which is used by the CAIA organization (the Chartered Alternative Investment Association) in its charter program where he serves as the Associate Director of Programs. Previously, he served at The Bank of New York on a consulting basis and Karpus Investment Management of Pittsford, NY in various roles including Director of Alternative Investments and Director of Equities.

The practice of Islamic finance significantly departs from its theory. The survey addresses the causes of the dichotomy and offers alternative research approaches and themes that may in the future facilitate convergence of the practice with the theoretical aspirations - a transformation from merely meeting the criteria of legality to that of achieving the objectives of Islamic law.

CIMA candidates who have already completed a CIMA-registered education course but have not yet passed the CIMA certification exam may enroll in the Yale CIMA program for $4,500. All candidates must complete the education course requirements before being allowed access to the test-prep material, even if they have already completed the course at another university. Interested parties should reach out to Yale Executive Education's registrar, Jaime Willadsen (somexeced...@yale.edu), to receive the appropriate enrollment form.

Outcome: By completing CIMA certification, you will gain a better understanding of investment theory, behavioral finance, portfolio construction, and client management to serve clients more effectively and grow your business.

Crafted for investment professionals pursuing the CIMA certification, the Investment Management Theory and Practice is an online course for those who value the high-caliber education of Yale and the convenience of digital learning.

Built around the Certified Investment Management Analyst (CIMA) certification curriculum and approved by the Investments & Wealth Institute as a registered education program, this course fulfills the education requirement for CIMA certification. This course includes comprehensive coverage of the topics and learning objectives found in the CIMA Certification Detailed Content Outline (core topics list).

This program, led by Yale Professor Tobias J. Moskowitz and financial certification specialist and Program Director Jim Dobbs, includes comprehensive coverage of the topics and learning objectives found in the CIMA Certification Detailed Content Outline.

It has been developed to help you better understand the concepts, calculations, and applications found in the CIMA core topics list; help you prepare for and pass the Yale School of Management course tests and CIMA certification exam; and help you take your practice to the next level.

Investment Management Theory and Practice walks you through the core topics and learning objectives found in the CIMA certification curriculum line-by-line. The faculty team helps participants navigate the complex and sometimes confusing world of investment thought and application.

Jim Dobbs has worked with certification education providers on programs including CIMA, CPWA, CFP, and others for the last 20 years. He brings to the Yale School of Management his unique history and experience in helping thousands of candidates through the certification process. Jim Dobbs specializes in designing, developing, and managing financial training and certification programs. Mr. Dobbs served the Investments & Wealth Institute as director of education where he helped create the Certified Private Wealth Advisor certification program.

Prior, Mr. Dobbs founded and managed the CFP Board registered financial planning certificate programs at Southern Methodist University in Dallas and The University of Texas at Austin where he was program director. Later he served Certified Financial Planner Board of Standards, Inc. as director of education.

Mr. Dobbs was a financial advisor for 27 years and created Dobbs Wealth Management Group, LLC, a registered investment advisory company that offered financial planning and investment management services from 1998 through 2017. Before founding Dobbs Wealth, he worked for several financial services firms, including Mercer; IDS (now Ameriprise); Harris, Webb & Garrison (now SMH Group); and Citigroup.

Roger G. Ibbotson is Professor in the Practice Emeritus of Finance at the Yale School of Management. He is also chairman of Zebra Capital Management, LLC, an equity investment and hedge fund manager. He is founder and former chairman of Ibbotson Associates, now a Morningstar Company. He has written numerous books and articles including Stocks, Bonds, Bills, and Inflation with Rex Sinquefield (updated annually) which serves as a standard reference for information on capital market returns.

Professor Ibbotson conducts research on a broad range of financial topics, including popularity, liquidity, investment returns, mutual funds, international markets, portfolio management, and valuation. He has recently co-authored Popularity: A Bridge between Classical and Behavioral Finance and Lifetime Financial Advice. He has also written two books with Gary Brinson, Global Investing and Investment Markets. He is a regular contributor and editorial board member to both trade and academic journals.

"I am happy to announce I was able to pass my exam and make it through the CIMA certification process. I would like to thank Jim Dobbs and the Yale School of Management team for efficiently overpreparing me. If anybody is considering taking the plunge, I cannot imagine there is a team who makes the education component more fascinating, and adds more value to the preparation phase. A big thank you to Jim, Kevin, and Professors Moskowitz, Ibbotson, Zauberman, and Neresian! You have a passionate advocate for life." - Ryan D.

"I completed the Yale coursework and took the CIMA certification exam the following Monday. I passed and it was a great feeling. I wanted to personally thank you for everything. The course did a tremendous job of helping me prepare for the exam and apply my new skills in practice as well. I can honestly say I enjoyed every step of the way. Thank you for making everything easy to comprehend and guiding me through the course." - Brandon H.

"Thank you! The course and exam prep materials were great given the breadth of the topics the test covers. I have already recommended it to a couple other people contemplating the exam! We have generally pushed employees toward the CFA. After going through the course, I think CIMA will be a good fit (if not better!) alternative for our client facing teams." - Richard P.

"I took the Certification Exam on Friday and passed. I found the Yale exams to be more difficult than the certification exam, which helped me to be much more prepared. And more importantly, I got a lot from the material and lectures that I can apply in my career. You have a great program; I won't hesitate to recommend it if I have a colleague ask about doing the CIMA." - Kevin C.

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