Corporate Performance and the Exposure to Macroeconomic Fluctuations

Corporate Performance and the Exposure to Macroeconomic Fluctuations PDF Author: Lars Oxelheim
Publisher:
ISBN: 9789172976962
Category :
Languages : en
Pages : 313

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Book Description

Corporate Performance and the Exposure to Macroeconomic Fluctuations

Corporate Performance and the Exposure to Macroeconomic Fluctuations PDF Author: Lars Oxelheim
Publisher:
ISBN: 9789172976962
Category :
Languages : en
Pages : 313

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Book Description


Corporate Decision-Making with Macroeconomic Uncertainty

Corporate Decision-Making with Macroeconomic Uncertainty PDF Author: Lars Oxelheim
Publisher: Oxford University Press
ISBN: 019971472X
Category : Business & Economics
Languages : en
Pages : 255

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Book Description
Macroeconomic turbulence and volatility in financial markets can fatally affect firm's performance. Very few firms make serious attempts to inform market participants and other outsider stakeholders about the impact of macroeconomic fluctuations--manifested as changes in exchange rates, interest rates, inflation rates and stock market returns-- on performance. These stakeholders, as well as financial analysts, must make their own assessments but they generally lack both the required tools and the information to do so. Worse, top management in most firms do not themselves possess the tools to identify whether a change in performance represents a change in the firm's intrinsic competitiveness or a reflection of macroeconomic conditions outside their influence. Corporate Decision-Making with Macroeconomic Uncertainty: Performance and Risk Management develops and presents in an easily comprehensible way the essential elements of a corporate strategy for managing uncertainty in the macroeconomic environment. This Macroeconomic Uncertainty Strategy, or MUST, enhances firm value by allowing management and external stakeholders to become better informed about the development of corporate competitiveness in a turbulent macroeconomic environment. The MUST also provides guidelines for how to develop a successful risk management program. This research based book includes methods to identify the impact of macroeconomic fluctuations on cash flows and value, to develop strategies for macroeconomic risk management, to provide informative reports to external stakeholders, to evaluate the relative performance of subsidiaries and business units in multinational companies, and to evaluate performance for purposes of setting executive compensation and of fulfilling the due diligence requirements in an M & A context. The authors' use of value-based management, various performance measurements, the concept of real options, and risk management from the perspective of shareholder wealth maximization, makes the book rich and compelling. They address researchers and students in the field of international business, finance and corporate governance. On the business side, executives with strategic responsibilities, chief financial officers, and bankers who analyze corporate performance and give advice on risk management will benefit from reading this book.

Managing in the Turbulent World Economy

Managing in the Turbulent World Economy PDF Author: Lars Oxelheim
Publisher: Wiley
ISBN: 9780471974741
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The strategic importance of risk-management is a concern at the forefront of most organisations. Increasingly, uncertainty about macroeconomic environment of the firm is a major concern. It is essential for top management to formulate new strategies to deal with such uncertainty (in terms of uncertainty about exchange rates, interest rates, prices etc.) as traditional financial management is not sufficient. This book deals with the broad management issues related to the uncertain environment in which we operator. The authors look at industry-analysis in order to assess competitiveness based on firms' intrinsic skills.

The World Bank Research Observer

The World Bank Research Observer PDF Author:
Publisher:
ISBN:
Category : Computer network resources
Languages : en
Pages : 300

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Book Description


International Macroeconomics in the Wake of the Global Financial Crisis

International Macroeconomics in the Wake of the Global Financial Crisis PDF Author: Laurent Ferrara
Publisher: Springer
ISBN: 3319790757
Category : Business & Economics
Languages : en
Pages : 298

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Book Description
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Corporate and Institutional Transparency for Economic Growth in Europe

Corporate and Institutional Transparency for Economic Growth in Europe PDF Author: Lars Oxelheim
Publisher: Emerald Group Publishing
ISBN: 0080446655
Category : Business & Economics
Languages : en
Pages : 468

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Book Description
What is transparency? What does it do? How much of it do we need, and for what purpose? This book includes chapters that address transparency in different markets and at different levels: from corporate financial disclosure to lobbying; from the risk incentives facing banks to competition and environmental policies.

The Oxford Handbook of International Business

The Oxford Handbook of International Business PDF Author: Alan M. Rugman
Publisher: OUP Oxford
ISBN: 0191615668
Category : Business & Economics
Languages : en
Pages : 880

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Book Description
As globalization explodes, so has international business scholarship. This second edition of the Oxford Handbook of International Business synthesises all the relevant literature of the last 40 years in 28 original chapters by the world's most distinguished scholars. Reflecting the changes and development in the field since the first edition this new edition has a changed structure, all the chapters have been updated to take account of the latest scholarship, and five new chapters freshly written. The Handbook is divided into six major sections, providing comprehensive coverage of the following areas: · History and Theory of the Multinational Enterprise · The Political and Regulatory Environment · Strategy and International Management · Managing the MNE · Area Studies · Methodological Issues These state of the art literature reviews will be invaluable references for students in business schools, social sciences, law, and area studies.

The Strategic CFO

The Strategic CFO PDF Author: Ulrich Hommel
Publisher: Springer Science & Business Media
ISBN: 3642043496
Category : Business & Economics
Languages : en
Pages : 323

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Book Description
The role of the Chief Financial Officer (CFO) has substantially changed in a world characterized by globalized financial markets and truly global products. The accelerated development of new technologies, products, and markets has led to an increasingly dynamic and uncertain competitive situation. The book demonstrates and discusses the impact of this changing corporate environment on the role and responsibilities of the CFO. A more holistic view that integrates business and financial decisions is required in order to manage these challenges of globalization. The book shows how the CFO can adopt and implement this management approach and thus play a vital role in the firm’s value creation.

International Dimensions of Monetary Policy

International Dimensions of Monetary Policy PDF Author: Jordi Galí
Publisher: University of Chicago Press
ISBN: 0226278875
Category : Business & Economics
Languages : en
Pages : 663

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Book Description
United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.

Doing Business 2020

Doing Business 2020 PDF Author: World Bank
Publisher: World Bank Publications
ISBN: 1464814414
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.