Viallet, ClaudeClaude Viallet (Ph.D., Northwestern University) is emeritus professor of finance at INSEAD. Before joining INSEAD, he worked as a project manager at a major oil company and as chief financial officer of a service company in Paris. Professor Viallet has also served as president of the European Finance Association and has published widely in leading academic and professional journals. In addition to his tenure at INSEAD, Professor Viallet's teaching career includes service as a visiting professor of finance at the Kellogg School of Management of Northwestern University. He also organizes, directs, and teaches management-development programs in Europe, the United States, Asia, and Latin America and provides consulting services to companies around the world.
PART I: FINANCIAL CONCEPTS AND TECHNIQUES. 1. Financial Management and Value Creation: An Overview. 2. The Time Value of Money. 3. Risk and Return. PART II: ANALYZING BUSINESS PERFORMANCE. 4. Interpreting Financial Statements. 5. Assessing Operational Efficiency and Liquidity. 6. Diagnosing Profitability, Risk, and Growth. PART III: MAKING INVESTMENT DECISIONS. 7. Using the NPV Rule to Make Value-Creating Investment Decisions. 8. Alternatives to the Net Present Value Rule. 9. Identifying and Estimating a Project's Cash Flows. PART IV: MAKING FINANCING DECISIONS. 10. Valuing Bonds and Stocks. 11. Raising Capital and Paying Out Cash. 12. Estimating the Cost of Capital. 13. Designing a Capital Structure. PART V: MAKING BUSINESS DECISIONS. 14. Valuing and Acquiring a Business. 15. Managing Corporate Risk. 16. Making International Business Decisions. 17. Managing for Value Creation. Answers to Self-Test Questions. Glossary.
