Corporate Decision-Making with Macroeconomic Uncertainty: Performance and Risk Management

Hardcover | September 26, 2008

byLars Oxelheim, Clas Wihloborg

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Very few firms make any attempt in their annual reports to inform market participants about the impact of macroeconomic developments on performance. However, the market is not oblivious to this fact, so the firm, as well as financial analysts, need to pay attention. Corporate Decision-Makingwith Macroeconomic Uncertainty: Performance and Risk Management develops and presents in an easily comprehensible way the essential elements of a corporate strategy for managing uncertainty in the macroeconomic environment. This Macroeconomic Uncertainty Strategy, or MUST, enhances firm value byallowing management and external stakeholders to distinguish between changes in the intrinsic competitiveness of the firm and changes in performance caused by macroeconomic fluctuations. These fluctuations, manifested as changes in exchange rates, interest rates, and inflation rates, are beyondmanagement's control, but they have a substantial impact on performance.The book includes methods to identify the impact of these fluctuations, to develop strategies for macroeconomic risk management, to develop reports to external stakeholders, to evaluate the relative performance of subsidiariesand business units in multinational companies, and to evaluate performance as part of the due diligence process in an M and A context. The authors' use of value-based management, various performance measurements, and the concept of real options makes the book rich and compelling.

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Very few firms make any attempt in their annual reports to inform market participants about the impact of macroeconomic developments on performance. However, the market is not oblivious to this fact, so the firm, as well as financial analysts, need to pay attention. Corporate Decision-Makingwith Macroeconomic Uncertainty: Performance a...

Lars Oxelheim and Clas Wihloborg are well-respected OUP authors.

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Kobo ebook|Jun 12 2009

$135.19 online$175.53list price(save 22%)
Format:HardcoverDimensions:240 pages, 6.18 × 9.29 × 0.79 inPublished:September 26, 2008Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195335740

ISBN - 13:9780195335743

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