Download Strategic Financial Management by Calicut University book free online – from Strategic Financial Management by Calicut University book; This note covers the following topics: Financial Goals and strategy, Managerial Implications of Share holder Value creation, Financial Strategy for Capital Structure, Capital Structure Planning and Decision Making, Dividend Policy and Value of The Firm, Dividend Policy and Valuation of Firms, Lease financing and Hire Purchase, Financial evaluation of leasing
Strategic Financial Management refers to the study of finance with a long term perspective which takes into account the strategic goals of the enterprise. Strategic Financial management is a management approach which makes use of various financial tools and techniques in order to come up with a strategic decision plan. It also ensures the implementation of the chosen strategy so as to achieve the desired objectives.
The ultimate objective of strategic financial management is to identify the best possible strategy which may result in maximization of organizations market value. Strategic financial management goes a step further in ensuring that the organization remains on track to attain its short-term and long-term goals, while maximizing value for its shareholders.
Strategic financial management is the identification of the possible strategies capable of maximizing an organization’s market value and the allocation of scarce capital resources among competing opportunities. It also involves the implementation and monitoring of the chosen strategy so as to achieve stated objectives.
Strategic financial management is managing an organization’s financial resources so as to achieve its business objectives and maximize its value. Strategic financial management involves a defined sequence of steps that encompasses the full range of a company’s finances, from setting out objectives and identifying resources, analyzing data and making financial decisions, to tracking the variance between actual and budgeted results and identifying the reasons for this variance. The term “strategic” means that this approach to financial management has a long-term horizon.