Titlebook: Corporate Finance for Business; The Essential Concep Ronny Manos,Keith Parker,D. R. Myddelton Textbook 2023Latest edition The Editor(s) (if

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What Preceded Development Economics,In this chapter, we consider ordinary share capital. We start by looking at the key terms and the nature of ordinary shares. We look at the risk and return involved and discuss stock markets and their indices. Lastly, we explain how shares are issued and traded, including more complex issues such as short selling.

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Basic Capital Project AppraisalThis chapter introduces key concepts in corporate finance, such as the ‘time value of money’ and discounting. It discusses the meaning of the net present value and internal rate of return and shows how to calculate them. Other investment appraisal tools are also described.

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Valuing CompaniesHere we look at the three main techniques for valuing companies: the assets basis, the use of price/earnings multiples, and discounted cash flows. We also look at mergers and acquisitions – the reasons for them and why the succeed or fail.

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Putting It All TogetherThe aim of this concluding chapter is to summarize the main points of the textbook and to show how the financing and investment decisions interact.