THE REALITY AND THE RHETORIC examines the gap between the external reporting of four Australian organisations and their internal management practices and systems necessary to support comprehensive and reliable disclosure. The book finds evidence of a significant rift between the external rhetoric of sustainability and the internal management processes and culture. However, the book also finds that the rhetoric can be effective in driving real change internally, as organisations seek to close the gap between the reality and rhetoric of sustainability reporting.

• Instructional Flexibility. Bank management instructors vary in their approaches to teaching this course, and this text includes elements of business financial theory, along with practical institutional material that distinguishes financial businesses from non-financial ones.
• Practical Content. The authors use end of chapter problems and case exercises to show students that the course goes beyond computation to require analysis and critical thinking skills.
• Flexibility in Level of Presentation. Chapters progress from patient introductions of fundamentals to more challenging applications and then to appendices that contain advanced and often rigorous concepts and applications.

Fast track route to mastering global finance and macroeconomics.

Covers the key areas of global finance, from the theory of comparative advantage to the aims of the WTO/GATT to multinational business and managing forex risk

Examples and lessons from some of the world's most successful businesses, including Ford, NTT DoCoMo and Nestle, and ideas from the smartest thinkers, including Paul Romer, Milton Friedman, J M Keynes, Paul Krugman and Alan Greenspan.

Includes a glossary of key concepts and a comprehensive resources guide

An Authoritative Introduction to a Major Subject in Systems Engineering and Management

This important volume fills the need for a textbook on the fundamentals of economic systems analysis and assessment, illustrating their vital role in systems engineering and systems management. Providing extensive coverage on key topics, it assumes no prior background in mathematics or economics in order to comprehend the material.

The book is comprised of five major parts:

Microeconomics: a concise overview that covers production and the theory of the firm; theory of the consumer; market equilibria and market imperfections; and normative or welfare economics, including imperfect competition effects and consumer and producer surplus

Program Management Economics: discusses economic valuation of programs and projects, including investment rates of return; cost-benefit and cost-effectiveness analysis; earned value management; cost structures and estimation of program costs and schedules; strategic and tactical pricing issues; and capital investment and options

Cost Estimation: reviews cost-estimation technologies involving precedented and unprecedented development, commercial-off-the-shelf (COTS) software, software reuse, application generators, and fourth-generation languages

Strategic Investments in an Uncertain World: addresses alternative methods for valuation of firms including Stern Stewart's EVA, Holt's CFROI, and various competing methodologies

Contemporary Perspectives: covers ongoing extensions to theory and practice that enable satisfactory treatment of the increasing returns to scale, network effects, and path-dependent issues generally associated with contemporary ultra-large-scale telecommunications and information networks

Also discussed in this comprehensive text are normative or welfare economics and behavioral economics; COCOMO I and II and COSYSMO as examples of a cost model; and options-based valuation models and valuation of information technology intensive enterprises.

"Economic Systems Analysis and Assessment" serves as an ideal textbook for senior undergraduate and first-year graduate courses in economic systems analysis and assessment, as well as a valuable reference for engineers and managers involved with information technology intensive systems, professional economists, cost analysts, investment evaluators, and systems engineers.

The Short Introduction to Corporate Finance provides an accessibly written guide to contemporary financial institutional practice. Rau deploys both his professional expertise and experience of teaching MBA and graduate-level courses to produce a lively discussion of the key concepts of finance, liberally illustrated with real-world examples. Built around six essential paradigms, he builds an integrated framework covering all the major ideas in finance over the past half-century. Ideal for students and practitioners alike, it will become core reading for anyone aspiring to become an effective manager.

Throughout the text of this introduction to benefit cost analysis, emphasis is on applications, and a worked case study is progressively undertaken as an illustration of the analytical principles in operation. The first part covers basic theory and procedures. Part Two advances to material on internationally tradeable goods and projects that affect market prices, and part Three introduces special topics such as the treatment of risk and uncertainty, income distributional effects and the valuation of non-marketed goods. Instructors' resource web site: http://www.uq.edu.au/economics/bca

The ideal review for your financial mathematics course

More than 40 million students have trusted Schaum's Outlines for their expert knowledge and helpful solved problems. Written by renowned experts in their respective fields, Schaum's Outlines cover everything from math to science, nursing to language. The main feature for all these books is the solved problems. Step-by-step, authors walk readers through coming up with solutions to exercises in their topic of choice. Coverage of a wide variety of practical applications using actual business and financial transactions Each chapter presents principles and formulas, together with solved problems relevant to each subtopic, followed by a set of supplementary problems with answers Review problems at the end of the book for additional study or self-testing Chapter topics include: Exponents and logarithms; Progressions; Simple interest and discount; Compound interest and discount; Simple annuities; General and other annuities; Amortization and sinking funds; Bonds: Capital Budgeting and depreciation; Contingent payments; Life annuities and life insurance

Financial markets respond to information virtually instantaneously. Each new piece of information influences the prices of assets and their correlations with each other, and as the system rapidly changes, so too do correlation forecasts. This fast-evolving environment presents econometricians with the challenge of forecasting dynamic correlations, which are essential inputs to risk measurement, portfolio allocation, derivative pricing, and many other critical financial activities. In Anticipating Correlations, Nobel Prize-winning economist Robert Engle introduces an important new method for estimating correlations for large systems of assets: Dynamic Conditional Correlation (DCC).

Engle demonstrates the role of correlations in financial decision making, and addresses the economic underpinnings and theoretical properties of correlations and their relation to other measures of dependence. He compares DCC with other correlation estimators such as historical correlation, exponential smoothing, and multivariate GARCH, and he presents a range of important applications of DCC. Engle presents the asymmetric model and illustrates it using a multicountry equity and bond return model. He introduces the new FACTOR DCC model that blends factor models with the DCC to produce a model with the best features of both, and illustrates it using an array of U.S. large-cap equities. Engle shows how overinvestment in collateralized debt obligations, or CDOs, lies at the heart of the subprime mortgage crisis--and how the correlation models in this book could have foreseen the risks. A technical chapter of econometric results also is included.

Based on the Econometric and Tinbergen Institutes Lectures, "Anticipating Correlations" puts powerful new forecasting tools into the hands of researchers, financial analysts, risk managers, derivative quants, and graduate students.

The ultimate guide to maximizing shareholder value through ERM

The first book to introduce an emerging approach synthesizing ERM and value-based management, "Corporate Value of Enterprise Risk Management" clarifies ERM as a strategic business management approach that enhances strategic planning and other decision-making processes.A hot topic in the wake of a series of corporate scandals as well as the financial crisisLooks at ERM as a way to deliver on the promise of balancing risk and returnA practical guide for corporate Chief Risk Officers (CROs) and other business professionals seeking to successfully implement ERM

ERM is here to stay. Sharing his unique insights and experiences as a recognized global thought leader in this field, author Sim Segal offers world-class guidance on how your business can successfully implement ERM to protect and increase shareholder value.

Beteiligungsmanagement - Wie Sie Holding- und Beteiligungsgesellschaften erfolgreich fuhren Das Buch von Klaus-Michael Ahrend stellt neue Instrumente des Beteiligungsmanagements vor und unterstutzt Sie dabei, das Beteiligungsmanagement fur Holding- und Beteiligungsgesellschaften situationsgerecht zu verbessern. Der Autor gibt einen theoretisch fundierten und praktisch nutzbaren UEberblick uber die Gestaltung des Beteiligungsmanagements und berucksichtigt dabei sowohl die Perspektive der Konzernfuhrung als auch die Perspektive der Beteiligungen. Konzerne und Beteiligungsgesellschaften sind die tragenden Saulen der deutschen Wirtschaft. Ein wichtiger Erfolgsfaktor ist die Fuhrung der zugeordneten Beteiligungen, die die Interessen der Eigentumer berucksichtigt, Vertrauen in die Potentiale und Vorschlage der Tochterunternehmen legt und eine kooperative Zusammenarbeit foerdert. Das Buch richtet sich an Akteure aus Konzernen, Private Equity Unternehmen, Familiengesellschaften und oeffentlichen Unternehmen. Aus dem Inhalt Selbstverstandnis der Holding- bzw. Beteiligungsgesellschaft Entwicklung der Beteiligungsstrategie und Geschaftsmodellentwicklung Methoden fur die Wertsteigerung der Beteiligungen Instrumente fur die kooperative Zusammenarbeit von Mutter- und Tochterunternehmen Ansatze fur die Unterstutzung der Beteiligungen Personalentwicklung und Coaching Bundelung von Querschnittsfunktionen M&A und Post Merger Integration Umgang mit Konflikten / Konfliktmanagement Das Fachbuch ist ein wichtiger Ratgeber fur Verantwortliche von Holding- und Beteiligungsgesellschaften sowie fur Akteure der Beteiligungen, die mit der unternehmensubergreifenden Zusammenarbeit befasst sind. Es liefert zahlreiche anwendungsorientierte Hinweise fur die Gestaltung des Beteiligungsmanagements aus Wissenschaft, Beratung und Praxis. UEber 40 Fallbeispiele und die Vorstellung eines konkreten Gestaltungskonzepts geben einen praxisorientierten Einblick in das Beteiligungsmanagement.

A How-To Guide to Becoming a Board Member Who Loves Fundraising

Boards That Love Fundraising is an easy-to-use workbook in which board members will find the information and skills they need to overcome the "fear factor" and become confident, successful fundraisers.

Written by Robert Zimmerman and Ann Lehman-leading experts in the field of fundraising and board development-Boards That Love Fundraising not only shows that all board members (no matter the level of experience) can learn to raise funds but also provides effective tips to the more experienced fundraisers. This workbook explains your fundraising responsibility as a board member while it

• Provides information on board structure and its impact on raising money
• Outlines the concepts that will empower you to ask for money effectively and fearlessly
• Describes the wide variety of methods nonprofits use to raise money and the board's role in each area
• Shows how to recruit board members who can help with fundraising
• Explores the vital issues of fundraising-planning, staffing, evaluation, and working with consultants

Using this indispensable tool, board members will learn how to transform their ideas about "begging for money" into opportunities to urge citizens to invest in their enterprise through philanthropic contributions. Boards That Love Fundraising provides a wealth of exercises to pave the way to successful board fundraising efforts.

Praise for Boards That Love Fundraising

"Zimmerman and Lehman have more than two decades of hands-on experience helping board members know how to do their job. This workbook distills their knowledge into helpful and easy exercisesand tips that everyone in the nonprofit can use to raise more money."
-Kim Klein, publisher, Grassroots Fundraising Journal

"The wisdom in Boards That Love Fundraising helped me and our board of directors deal with some of our most challenging issues. In this day and age, fundraising by board members is critical to the success of any nonprofit organization-including ours. Zimmerman and Lehman will help your board get there, too."
-Janet Knipe, executive director, California Youth Correction

"Bob and Ann's book is so readable yet filled with knowledge and wonderful exercises. It is sure to be a hit with any current or future board member."
-Marcie Storch, director of development, Legal Aid Society of San Mateo County, California

"With step-by-step guidelines, this book is a 'must have' for those engaged in fundraising."
-Allyson Hewitt, executive director/directrice general, Safe Kids Canada

A timely update to one of the most well-received books on project financing

As an effective alternative to conventional direct financing, project financing has become one of the hottest topics in corporate finance. It's being used more and more frequently--and more successfully--on a wide variety of high-profile corporate projects, and has long been used to fund large-scale natural resource projects. But the challenges of successful project financing are immense, and the requirements of the process can easily be misunderstood. That's why John Finnerty has returned with the "Third Edition" of "Project Financing."

Drawing on his vast experience in the field, Finnerty takes you through the process step by step. Using updated examples and case studies that illustrate how to apply the analytical techniques described in the book, he covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, raise the funds, and much more.Includes completely new chapters that cover the financing of sustainable projects as well as Sharia-compliant (Islamic) project financingNew material has been added to the discussion of financial modeling and international debt financingExplores today's most innovative financing techniques and analyzes the shortcomings of unsuccessful project financing attempts

Whether you're a corporate finance professional, project planner, or private investor, "Project Financing, Third Edition" demystifies the complexities of project financing and provides an invaluable guide for anyone who wants to master innovation in corporate finance today.

SAVE MONEY IN 2021 WITH THIS SIMPLE AND FOOLPROOF JOURNAL ________ 'Experts claim it could help some people cut spending by up to 35%' Mail Online People in Japan are masters of minimal living, able to make do with less in all aspects of life, whether it's de-cluttering personal belongings or savvy seasonal cooking. But at the heart of all this is the kakeibo: the budgeting journal used to set saving goals and spend wisely. It's simple: at the beginning of each month you sit down with your kakeibo and think about how much you would like to save and what you will need to do in order to reach your goal. There is space to jot down your weekly spending and reflect on the month just gone. A kakeibo ensures helps make saving a part of your everyday life, while also giving you the opportunity to reflect and improve every month. Get a grip on your spending and start to achieve your goals, by finding ways to save for the things that really matter in your life. Don't give up what you want most for what you want now . . . This is the Japanese Journal that puts more money in YOUR pocket every month. 'The simple art of keeping track of your finances . . . this is about being financially mindful rather than letting a gadget do the thinking for you' The Sunday Times

Cost-benefit analysis - the formal estimating and weighing of the costs and benefits of policy alternatives - is a standard tool for governments in advanced economies. Through decades of research and innovation, institutions have developed in the United States, European Union, and other developed countries that examine and weigh policy alternatives as an aid to governmental decisionmaking. Lawmakers in the advanced economies have used cost-benefit analysis to evaluate core environmental and public health questions, such as urban air pollution control, water quality, and occupational safety. Yet despite its broad adoption in the industrialized world, most developing and emerging countries have not yet incorporated cost-benefit analysis into their policymaking process. Because these countries face significant limitations on financial resources and have less ability to shoulder inefficient rules, it is extremely important for their officials to determine which policies maximize net benefits for their societies. Cost-Benefit Analysis, Environmental Policy, and Emerging Economies examines how cost-benefit analysis can help developing and emerging countries confront the next generation of environmental and public-health challenges. Analysis in the book examines the growing reach of cost-benefit analysis; presents relevant case studies where cost-benefit analysis has been incorporated in the Americas, Africa, Middle East, and Asia; and includes a discussion on the conceptual and institutional issues that must be addressed when adopting cost-benefit analysis in developing and emerging countries. In part because governments in developing and emerging countries have not extensively used cost-benefit analysis, there has been only limited research and discussion of the practice and its potential. Most work that has been done is on the domestic or regional level, and has not been widely shared or distributed within the international academic or policy community. By providing both theoretical and practical discussion of this important new tool, this book makes a valuable contribution to the fields of environmental policy, development studies, and environmental law.

Proven methods for launching–and growing–a planned giving program

Planned Giving for Small Nonprofits provides easy-to-follow guidelines for beginning and sustaining a planned giving program with the limited resources of a small organization. Drawing upon forty years of combined experience in planned giving, expert authors Ronald Jordan and Katelyn Quynn show managers how to achieve the careful analysis, employee commitment, and organizational support necessary to launch a successful program.

In addition to step-by-step advice, this helpful guide contains a host of examples and case studies from a wide variety of nonprofits, including educational and religious institutions, healthcare organizations, and cultural associations. The authors break their blueprint for planned giving success into seven key components:

• Background Issues
• Getting Started
• Planned Gifts
• Gifts of Assets Other Than Cash
• Working with Donors
• Marketing
• Planned Giving and Taxes

Each subject is further analyzed into key subtopics, such as gift acceptance policies, endowed funds, and personal property gifts. Nonprofit managers in all areas will find Jordan and Quynn’s authoritative guide an invaluable addition to their professional libraries.

Includes Sample Letters, Real World Examples, Style Tips, New Chapters on E-mail, Websites, Social Media, and More...

Now in a completely revised third edition, this classic book shows how to create winning appeals that will realize the full potential of direct mail and online fundraising. Written by fundraising guru Mal Warwick, with assistance from Eric Overman, this comprehensive resource gives nonprofit fundraising staff the information needed to write compelling fundraising appeals for any medium. If you follow Warwick's guidelines, your direct mail and online fundraising campaigns will produce better results, year after year.

Written in an easy-to-read style, the book is filled with practical techniques, proven approaches, and illustrative examples of both successful and unsuccessful appeals based on the authors' wealth of experience fundraising for hundreds of nonprofits. Step-by-step and appeal by appeal, the book shows how to navigate the fundraising appeal process with ease. To meet the demands of today's socially connected donors, this new edition explains how to mesh today's online technologies with direct mail to produce optimal fundraising results. You'll learn how to use e-mail, websites, Facebook, Twitter, and mobile technology to recruit more donors and raise more money. The book includes current research on timely topics such as online vs. offline behavior, online giving statistics, demographics, and best practices in integrated fundraising.

If you're a nonprofit professional eager to master the latest methods in fundraising, or simply need to write direct mail appeals for your organization, "How to Write Successful Fundraising Appeals" will help you hone your skills and create appeals that will hit the mark every time.

This book, based on the author's Clarendon Lectures in Finance, examines the empirical behavior of corporate default risk. A new and unified statistical methodology for default prediction, based on stochastic intensity modeling, is explained and implemented with data on U.S. public corporations since 1980. Special attention is given to the measurement of correlation of default risk across firms. The underlying work was developed in a series of collaborations over roughly the past decade with Sanjiv Das, Andreas Eckner, Guillaume Horel, Nikunj Kapadia, Leandro Saita, and Ke Wang. Where possible, the content based on methodology has been separated from the substantive empirical findings, in order to provide access to the latter for those less focused on the mathematical foundations.
A key finding is that corporate defaults are more clustered in time than would be suggested by their exposure to observable common or correlated risk factors. The methodology allows for hidden sources of default correlation, which are particularly important to include when estimating the likelihood that a portfolio of corporate loans will suffer large default losses. The data also reveal that a substantial amount of power for predicting the default of a corporation can be obtained from the firm's "distance to default," a volatility-adjusted measure of leverage that is the basis of the theoretical models of corporate debt pricing of Black, Scholes, and Merton. The findings are particularly relevant in the aftermath of the financial crisis, which revealed a lack of attention to the proper modelling of correlation of default risk across firms.

Financial Ethics: A Positivist Analysis provides a framework for the study of financial ethics built on a broad review of mainstream scholarly research published in refereed finance and economics journals. The work is aimed directly at financial academics and students who are likely to be familiar with mainstream financial economics research. It demonstrates that ethics is already an important part of financial research, and therefore the approach taken is more of a "rediscovery" of the ethical dimension of financial economics. This approach is important not only to remind fellow academics that ethics is a legitimate area of interest to positive financial economics, but also to encourage them to convey this message to their students without departing from mainstream financial theories and models.
A distinctive feature of the text is that it adopts a positivist framework for the field of financial ethics. The text proposes that many "finance" problems are actually "ethics" problems; and that many economic phenomena such as monitoring, bonding, certification, signaling, incentive contracts, and governance structures can be explained as mechanisms for controlling moral risks. The text discusses several examples in which an ethics-centered approach to understanding economic phenomena is similar in spirit to other frameworks which have been applied in positive financial research including: the framework used for understanding corporate governance mechanisms as devices for mitigating agency costs and "moral hazards" in contractual relationships; the transaction "governance structure" framework that can explain the existence of hierarchies relative to markets when opportunistic behavior is assumed; and the roles of reputation and corporate culture in making credible commitments of trust in exchange.
These "financial ethical technologies" are not mutually exclusive but, rather, mutually enriching ways to deepen our understanding of the same economic phenomena. They are financial technologies because they enhance economic value, and they are ethical technologies because their value enhancing contributions are produced by mitigating moral risks in exchange.

Estimates can be prepared at any stage during a project but in order to make use of an estimate it is important to consider its purpose, the stage of the project when it was prepared and the degree of risk in the project. To have any meaning, the purpose of any estimate must be linked to the stages of the project and to the data available. Project cost estimating offers practical advice and further information on the understanding, the preparation and the use of estimates in the civil engineering industry

Small Business
"Self-Defense Finance for Small Businesses is an excellent reference for practitioners. The chapters on valuation and the sale/purchase of an existing business are alone worth the price of the book."--Dr. Robert Ronstadt, Professor of Entrepreneurship Pepperdine University author of Ronstadt's Financials
Keep your small business solvent with this hands-on financial troubleshooting guide
Here's everything you need to take financial control of your small business and keep your dream alive and growing. Wilbur Yegge shares the fruits of more than three decades as a business consultant and small business owner. He offers proven strategies and techniques for ensuring the financial well-being of your company, helps you to quickly pinpoint and resolve financial management issues, and arms you with an arsenal of financial tools for daily use. And that's not all
Throughout the book, the author has woven the real-life case histories of two small businesses--a start-up service business and an established manufacturing firm. These examples, along with numerous vignettes and lessons drawn from Mr. Yegge's personal experience, illustrate and reinforce the significance of each point covered.
No small business person can afford to be without Self-Defense Finance for Small Businesses. You'll learn how to:
* Write business plans that work
* Produce cash-flow and income statements
* Perform capital budgeting
* Do financial statement analysis and break-even analysis
* Conduct long-range planning
* Deal with banks
* Produce forecast statements
* Buy or sell a business
* Solicit and work with professional financial advisors

As a small business owner, having knowledge of crucial numbers is the most important tool you can equip yourself with to survive today's competitive marketplace. If you're not a numbers person, Accounting for the Numberphobic is to the rescue! Why do so many business owners dread looking at the numbers? Financial statements, ledgers, profit and loss reports--many avoid these and treat them like junk mail and phone solicitors. Nevertheless, it's true--you're not a numbers person. How can you learn to make sense out of all this Greek? This easy-to-follow guide demystifies your company's financial dashboard: the Net Income Statement, Cash Flow Statement, and Balance Sheet. The book explains in plain English how each measurement reflects the overall health of your business--and impacts your decisions. In Accounting for the Numberphobic, you will discover: How your Net Income Statement is the key to growing your profits; How to identify the break-even point that means your business is self-sustaining; Real-world advice on measuring and increasing cash flow; What the Balance Sheet reveals about your company's worth; And much more! Don't leave your company's finances entirely in the hands of a third-party accounting service or an employee who is only loyal to the highest paycheck. Knowing the numbers yourself isn't just about seeing how your company is doing, it's about knowing where it is going--and guiding it toward the highest profits possible.

THE TRADITIONAL annual budgeting process--characterized by fixed targets and performance incentives--is time-consuming, overcentralized, and outdated. Worse, it often causes dysfunctional and unethical managerial behavior. Based on an intensive, international study into pioneering companies, Beyond Budgeting offers an alternative, coherent management model that overcomes the limitations of traditional budgeting. Focused around achieving sustained improvement relative to competitors, it provides a guiding framework for managing in the twenty-first century.

The book introduces corporate finance to first year students in business schools. Basic subjects such as marketing, human resources and finance are all fundamental to the learning of a business manager. A book on these subjects must emphasise learning that is conceptual in nature and at the same time, application oriented. This book attempts to achieve this in a manner that is comprehensive and shorn of complexity. It examines the practice of finance without diluting theory and conceptual knowledge. Corporate finance is necessarily quantitative in nature and the book duly places emphasis on that aspect. It ensures the primacy of ideas and concepts utilising numbers as supportive elements.