Financial Strategy Book

	Introduction
Sect. 1	Trends in Finance Theory	1
1	The Efficient Market Theory Thrives on Criticism	3
2	Risk and Return: Based on an article by William Sharpe	12
3	Estimating Expected Return	18
Sect. 2	Adding Value Through Investment	25
4	Investment Appraisal Criteria and the Impact of Low Inflation	27
5	Selling of Capital Investments to Top Management	36
6	The Options Approach to Capital Investment	54
7	Solving the New Equity Puzzle	75
Sect. 3	Adding Value Through Financing	87
8	The Search for Optimal Capital Structure	89
Sect. 4	Adding Value Through Risk Management	123
9	The Use of Risk Analysis Techniques in Capital Investment Appraisal	125
10	Operating Exposure	144
11	Modules for Standardizing the Process	156
12	How Financial Engineering Can Advance Corporate Strategy	175
13	New Ways with Derivatives	189
14	Rethinking Risk Management	199
Sect. 5	Measuring Performance	223
15	Using Earnings and Free Cash Flow to Evaluate Corporate Performance	225
16	Making Accounting More International: Why, How, and How Far Will It Go?	249
17	The Balanced Scorecard: Measures That Drive Performance	280
18	Performance Indicators: 20 Early Lessons from Managerial Use	291
19	A Star to Sail By?	305
Sect. 6	Who Should Benefit?	313
20	Stakeholder Capitalism	315
21	Islamic Banking: An Overview	321
	Index	331
	Acknowledgements	342