Corporate Finance Innovation And Strategic Competition


Corporate Finance Innovation And Strategic Competition
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Corporate Finance Innovation And Strategic Competition


Corporate Finance Innovation And Strategic Competition
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Author : Cornelia Neff
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Corporate Finance Innovation And Strategic Competition written by Cornelia Neff and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


This book analyzes how corporate finance decisions influence strategic competition and innovation of firms in the product market. We consider bank loan financing and venture capital financing. Due to assymetric information, firms must sign special contracts with banks or venture capitalists. The financial contracts, in turn, determine the competitive strategies of firms in the product market. Firms compete in prices for market shares. In addition to that, firms invest in R&D in order to induce product or process innovation. We show that better access to financial resources improves a firm's market position and leads to a higher rate of innovation. Cash-rich firms may even decide to prey upon financially restricted rivals in order to prevent new market entry or to induce market exit.



Strategic Investment


Strategic Investment
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Author : Han T. J. Smit
language : en
Publisher: Princeton University Press
Release Date : 2012-01-12

Strategic Investment written by Han T. J. Smit and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-12 with Business & Economics categories.


Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains embarrassingly large. This book synthesizes cutting-edge developments in corporate finance and related fields--in particular, real options and game theory--to help bridge this gap. In clear, straightforward exposition and through numerous examples and applications from various industries, Han Smit and Lenos Trigeorgis set forth an extended valuation framework for competitive strategies. The book follows a problem-solving approach that synthesizes ideas from game theory, real options, and strategy. Thinking in terms of options-games can help managers address questions such as: When is it best to invest early to preempt competitive entry, and when to wait? Should a firm compete in R&D or adopt an accommodating stance? How does one value growth options or infrastructure investments? The authors provide a wide range of valuation examples, such as acquisition strategies, R&D investment in high-tech sectors, joint research ventures, product introductions in consumer electronics, infrastructure, and oil exploration investment. Representing a major step beyond standard real options or strategy analysis, and extending the power of real options and strategic thinking in a rigorous fashion, Strategic Investment will be an indispensable guide and resource for corporate managers, MBA students, and academics alike.



Transforming Financial Institutions


Transforming Financial Institutions
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Author : Joerg Ruetschi
language : en
Publisher: John Wiley & Sons
Release Date : 2022-04-26

Transforming Financial Institutions written by Joerg Ruetschi and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-26 with Business & Economics categories.


Transform your financial organisation’s formula for value creation with this insightful and strategic approach In Transforming Financial Institutions through Technology Innovation and Operational Change, visionary turnaround leader Joerg Ruetschi delivers a practical and globally relevant methodology and framework for value creation at financial institutions. The author demonstrates how financial organisations can combine finance strategy with asset-liability and technology management to differentiate their services and gain competitive advantage in a ferocious industry. In addition to exploring the four critical areas of strategic and competitive transformation — financial analysis, valuation, modeling, and stress — the book includes: Explanations of how to apply the managerial fundamentals discussed in the book in the real world, with descriptions of the principles for reorganization, wind-down and overall value creation An analysis of the four key emerging technologies in the financial industry: AI, blockchain, software, and infrastructure solutions, and their transformational impact Real-world case studies and examples on how financial institutions can be repositioned and rebuilt on a path of profitability Perfect for managers and decision makers in the financial services industry, Transforming Financial Institutions through Technology Innovation and Operational Change is also required reading for regulators, tech firms, and private equity and venture capital funds.



Finance And Strategy


Finance And Strategy
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Author :
language : en
Publisher: Emerald Group Publishing
Release Date : 2014-09-23

Finance And Strategy written by and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-23 with Business & Economics categories.


The boundaries between CEO and CFO are blurred in the fields of strategy and finance. This volume fills this gap by discussing the main subdivisions of strategy research - corporate strategy and business strategy - and the main subdivisions of finance research - corporate finance and capital markets.



Recent Innovations In Business Finance


Recent Innovations In Business Finance
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Author : Franklin Allen
language : en
Publisher: Pearson Education
Release Date : 2010-06-14

Recent Innovations In Business Finance written by Franklin Allen and has been published by Pearson Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-14 with categories.


This Element is an excerpt from Financing the Future: Market-Based Innovations for Growth (9780137011278) by Franklin Allen and Glenn Yago. Available in print and digital formats. Refocusing on the real value of financial innovation: helping companies of all sizes create jobs and build prosperity. Financing business is about finding ways to propel growth, create jobs, and bring new ideas to the marketplace. Whether the question is extending credit to an entrepreneur who wants to open a neighborhood shop or helping a multinational corporation restructure its debt burden in a cash crunch, every business needs the right kind of financing at the right time to succeed.



Strategy Value And Risk The Real Options Approach


Strategy Value And Risk The Real Options Approach
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Author : J. Rogers
language : en
Publisher: Springer
Release Date : 2002-06-25

Strategy Value And Risk The Real Options Approach written by J. Rogers and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06-25 with Business & Economics categories.


In the 1990s shareholder value was applied to all aspects of corporate strategy and management decisions as a result of intense competition, globalization, advances in technology, deregulation and the financial markets. As we enter the twentyfirst century the business environment is one of increasing creative destruction, where competitive advantage is much harder to sustain. Real Options , a type of advanced financial analysis, applies financial option theory to real assets and offers a strategic framework that recognizes the need for management flexibility and to leverage risk in this corporate environment.



New Research In Corporate Finance And Banking


New Research In Corporate Finance And Banking
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Author : Bruno Biais
language : en
Publisher: Oxford University Press, USA
Release Date : 2002

New Research In Corporate Finance And Banking written by Bruno Biais and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.


This text is a reflection of research carried out by European scholars into financial economics. Topics discussed include asset pricing in the context of perfect markets, take-over bids, and the interplay between banks and financial markets.



Strategies Of Competition In The Bank Card Business


Strategies Of Competition In The Bank Card Business
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Author : Jarunee Wonglimpiyarat
language : en
Publisher:
Release Date : 2004

Strategies Of Competition In The Bank Card Business written by Jarunee Wonglimpiyarat and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Bank credit cards categories.


This is the first book to describe the history of the innovation of the bank card, from development to commercialization. It describes the strategies employed by innovators in order to achieve competitive advantage, and the use of technology to manage implementation. Interviews and questionnaire surveys are conducted with all the major players in the bank card industry - Barclays, Citibank, American Express, Diners Club, Visa International, Mondex International and Europay. The result is a clear and penetrating insight into all aspects of the bank card market. Innovations in bank cards - ATM/cash cards, credit cards, EFTPOS/debit cards and smart cards - are analyzed; as are the collaborative strategies employed by the banks to realize the benefits of bank card technology. Strategies of Competition has been written for bankers and those who work in the financial service industry, students undertaking courses in technology/strategic management, and MBA students. It provides a detailed and up-to-date analysis of the logic that banks and bankers adopt in setting bank card strategies under a complex socio-economic environment and competitive conditions. The book is essential reading for all who need to understand the strategic integration and management of banking products and innovations as they relate to the bank card business. Specific topics addressed include: the use of technology in providing banking products/services; strategies in securing the benefits of innovations; and banking sector capability in the innovation and launch of smart cards.



Financing The Future


Financing The Future
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Author : Franklin Allen
language : en
Publisher: Pearson Prentice Hall
Release Date : 2010-03-23

Financing The Future written by Franklin Allen and has been published by Pearson Prentice Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-23 with Business & Economics categories.


Financial innovation can drive social, economic, and environmental change, transforming ideas into new technologies, industries, and jobs. But when it is misunderstood or mismanaged, the consequences can be severe. In this practical, accessible book, two leading experts explain how sophisticated capital structures can enable companies and individuals to raise funding in larger amounts for longer terms and at lower cost—accomplishing tasks that would otherwise be impossible. The authors recount the history and basic principles of financial innovation, showing how new instruments have evolved, and how they have been used and misused. They thoroughly demystify complex capital structures, offering a practical toolbox for entrepreneurs, corporate executives, and policymakers. Financing the Future presents clear, thorough discussions of the current role of financial innovation in capitalizing businesses, industries, breakthrough technologies, housing solutions, medical treatments, and environmental projects. It also presents a full chapter of lessons learned: essential insights for stabilizing the economy and avoiding pitfalls. Distinguishing genuine innovation from dangerous copycats Crafting sustainable financial innovations that add value and manage risk The best tools for the job: choosing them, customizing them, using them Selecting the right instruments and structures, and making the most of them Financial innovations for business, housing, and medical research Finding new and better ways to promote entrepreneurship and advance social goals Innovating to save the planet and help humanity The power of finance to protect natural resources and alleviate global poverty This is the first in a new series of books on financial innovation, published through a collaboration between Wharton School Publishing and the Milken Institute. Future titles will focus on specific policy areas such as housing and medical research. The Milken Institute is an independent economic think tank whose mission is to improve the lives and economic conditions of diverse populations in the United States and around the world by helping business and public policy leaders identify and implement innovative ideas for creating broad-based prosperity. It puts research to work with the goal of revitalizing regions and finding new ways to generate capital for people with original ideas.



Financial Strategies In Competitive Markets


Financial Strategies In Competitive Markets
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Author : Hasan Dinçer
language : en
Publisher: Springer Nature
Release Date : 2021-04-13

Financial Strategies In Competitive Markets written by Hasan Dinçer and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-13 with Business & Economics categories.


As globalization continues to rapidly evolve, economic borders between countries have practically disappeared. One effect is that nowadays companies can access new markets by investing in other countries. This offers an important advantage especially for international and large-scale companies. However, one result is the increased market competition. Small-scale local firms and SMEs have to compete with international firms and corporations that have significantly more resources. This competitive environment jeopardizes the sustainability of the smaller companies, which often are driven out of business by the more powerful global players. This book discusses financial strategies for small and middle size companies to increase their competitiveness in the global markets.