Finance for Executives – A Practical Guide for Managers
It is a practical and fundamental finance reference book for any manager, as it makes a perfect balance of financial management theory and practice. It focuses on corporate finance concepts from value creation to derivatives, including cost of capital (and WACC), valuation, financing policies, project evaluation, and many other essential finance definitions.
NPV ● Paperback ● ISBN 9789899885400
Balancing the shareholders’ and stakeholders’ priorities
Who should come first in managers’ minds: shareholders or stakeholders?
According to one fundamental principle, the answer is clear – executives’ primary objective should always be to create value for their firm’s owners.
Under the “shareholder view” approach, maximizing profits takes priority over all other possibilities.