This open access textbook offers a guide to corporate finance for modern companies that want to create long-term value. Drawing on recent literature on sustainable companies, it starts by analysing the Sustainable Development Goals as a strategy for the transition to a sustainable economy. Next, it translates the general concept of sustainability into core corporate finance methods, such as net present value, company valuation, cost of capital, capital structure and M&A.
Current corporate finance textbooks are primarily based on the shareholder model, designed to maximise financial...
This open access textbook offers a guide to corporate finance for modern companies that want to create long-term value. Drawing on recent literatur...