Liabilities, Liquidity, and Cash Management : Balancing Financial Risks
Dimitris N. Chorafas
Bok Engelsk 2002 · Electronic books.
| Utgitt | New York : : Wiley, , 2002.
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| Omfang | 1 online resource (338 p.)
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| Opplysninger | Description based upon print version of record.. - Liabilities, Liquidity, and Cash Management Balancing Financial Risks; Contents; PART ONE CHALLENGES OF LIABILITIES MANAGEMENT; 1 Market Bubble of Telecoms Stocks; Leveraging Makes the Global Financial Market Fragile; Credit Crunch Cripples Ambitions of Telephone Operators; Investment Banks Also Paid Dearly for Telephone Companies' Overexposure; Message from the Bubble in the Fall of 2000; Liquidity Crisis to Be Solved through Liability Management; 2 Downfall of Lucent Technologies, Xerox, and Dot-Coms; Has the New Economy Been Destabilized?. - 5 Assets, Liabilities, and the Balance SheetAftermath of Liabilities: Nissan Mutual Life and General American; Earthquake after Liabilities Hit the Balance Sheet; Sensitivity Analysis, Value-Added Solutions, and Gap Analysis; Proper Recognition of Assets and Liabilities, and the Notion of Stress Testing; Redimensioning the Balance Sheet through Asset Disposal; Weight of Liabilities on a Company's Balance Sheet; 6 Virtual Balance Sheets and Real-Time Control; Virtual Financial Statements and Their Contribution to Management; Modeling of Assets and Liabilities Must Follow Rigorous Rules. - Liquidity Ratios and Activity Ratios in the Service of Management. - Market Falls Out of Favor with Tech Stocks: Apple Computer's Blues and the Dot-ComsLucent Technologies' Hangover; Downfall of Xerox; Shift from Real to Virtual Economy and the Challenge of the Service Industry; Financial Staying Power and Business Turf; 3 Liabilities and Derivatives Risk; Risk and Return Embedded into Derivatives Contracts; Why an Industrial Company Is Interested in Derivatives; Oil Derivatives and the Impact on the Price of Oil; Risks Taken by Intel, Microsoft, and the Financial Industry; Using Derivatives as a Tax Haven. - Market Psychology: Wealth Effect and Reverse Wealth Effect4 Reputational and Operational Risk; Distinction between Ability to Perform and Willingness to Perform; Troubles Facing Certified Public Accountants in Connection with Reputational Risk; Corruption and Mismanagement Underpin the Failure to Control Operational Risk; Case Study on Operational Risk and Reputational Risk With Orange County; Fallout from Operational Risk Hits Both the Fund and the Broker; Scandals Become Part of Reputational Risk When They Come to the Public Eye; PART TWO MANAGING LIABILITIES. - Stress Scenarios Help to Reveal the Nature of Underlying ConditionsForward-Looking Statements and Virtual Close at Cisco; Preparing a Real-time Report on Hedging and Exposure; From Virtual Balance Sheets to Finances of Virtual Corporations; Managing the Liabilities Accounts of Virtual Companies; 7 Liquidity Management and the Risk of Default; Liquid Assets and the Concept of Liquidity Analysis; Liquidity and Capital Resources: The View from Lucent Technologies; Who Is Responsible for Liquidity Management?; Unrealistic Assumptions Characterizing a Famous Model. - ""This book provides a very helpful and informative insight into an aspect of finance that has become quite intricate and complex but is nevertheless very fascinating.""-Dr. Henry Kaufman, President, Henry Kaufman & Company, Inc. Strategies and advice on balancing financial risk for leveraged companiesIn today's highly leveraged economy, good liabilities management has become vitally important. Entire sectors of the economy, and some of the biggest financial and industrial companies, face dramatic overexposure problems. But adequate internal liability controls can greatly reduce risk
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| ISBN | 0471106305
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