MODERN MANAGERIAL FINANCE NEW TRENDS AND RESEARCH AREAS
FOREWORD 7
ACKNOWLEDGEMENTS 7
PREFACE 9
CHAPTER 1. TRENDS IN MODERN MANAGERIAL FINANCE THEORY, RESEARCH METHODOLOGY AND
ACCOUNTING CONTEXT
1.1. Accounting on Demand 13
1.2. Behavioral Insights into Managerial Finance
22
1.3. The Finance-Marketing Interface 37
1.4. Utility of Pecking Order Theory in Explaining SME Capital Structure
45
CHAPTER 2. INVESTMENT AND FINANCING
59
2.1. Initial Public Offerings - Evidence from the European Markets
61
2.2 Foreign Investments as an Accelarating Factor of the Economic Transformation in Poland
76
2.3. The Initial Public Offerings (IPO) on the Warsaw Stock Exchange in the Years 2006,
2007. The Issue Costs and the Value of the Discount Ratę for
Lack of Marketability (DLOM) 89
2.4. The Impact of Contracts (Memoranda of Association) and Articles of Incorporation on
the Capital Structure Development in Corporations
109
CHAPTER 3. VALUATION AND RISK MANAGEMENT
125
3.1. The Influence of Valuation on Comparability and Credibility of Financial Reports
127
3.2. The Influence of Company's Characteristics on the Applicability of DCF Methods in the
Valuation Process 141
3.3. DCF Valuation of Company Managed by the Owners
154
3.4. Capital Investment Valuation in a Holding Group. Model Approach
169
3.5. Risk Management in Polish Public Companies
188
3.6. Private Benefits of Politicians and Value Destruction
200
CHAPTER 4. VALUE CREATION AND MEASURING PERFORMANCE
215
4.1. Business Performance Management in the Process of Value Creation in Company
217
4.2. Ownership Structure vs Company Performance Effectiveness 231
4.3. The role of irwestor relations in the value creation process of a publicly listed
company 249
4.4. Financial Results Fluctuations as a Determinant of a Business Value Increase
271
4.5. Disclosure of Intellectual Capital in Annual Reports Published by
Listed Companies from Wielkopolskie Province, Poland 283
CHAPTER 5. PERSONAL AND FAMILY FIRMS FINANCE 301
5.1. Successful Personal Finance Management - The Basis for Long-term Financial
Stabilization 303
5.2. Agency Costs in Family Firms 321
CHAPTER 6. RESEARCH INTO OTHER AREAS 339
6.1 The Concentration of the Polish Trade Sector by mean of Mergers and Acquisitions
341
6.2. Relations between University Hospital Reimbursement and Development of Medical
Technology 356
ABOUT THE AUTHORS 365
368 pages, Hardcover
