Corporate Finance

Sandeep Goel is a Senior Professor of Accounting and Finance, and Corporate Governance at Management Development Institute (MDI) Gurgaon, India. He holds two doctorates, one in Finance; and another in Accounting from the Faculty of Management Studies, University of Delhi. He completed his bachelor’s with Hons. and master’s degrees in Commerce with specialisation in Finance from Shri Ram College of Commerce and the Department of Commerce, Delhi School of Economics, University of Delhi, respectively. He has three decades of industry and academic experience across various organisations and institutions of repute, including the Shri Ram Group, the University of Delhi, and MDI Gurgaon. He sits as an Independent Director on the Board of Machino Plastics Ltd, Gurugram, a Suzuki JV. He is a Visiting Professor to the Faculty of Management, University of Lodz, Poland, and Aix-Marseille Graduate School of Management, IAE AIX-Marseille University, France. He is a Management Trainer and Consultant to organisations like Maruti Suzuki, Canara Bank, JK Tyre, PFRDA, NPCI, IRS, ITS, FIA Business School (Brazil), Bata, Encore, Federal-Mogul Goetze (India) Ltd, SOS Village International, Cairns India, National Banking Institute (Nepal), Druk Holdings (Bhutan), UltraTech Cements, ONGC, and many more. He is a prolific Writer and has authored more than 15 books and published over 100 research articles and cases in national and international journals of repute. He has been conferred with Award for Excellence in Teaching, 2023–2024, 2015–2016 and Award for Excellence in Research, 2015–2016 at MDI.

• PART I: Introduction1 Corporate Finance: Nature & ScopePART II: Investment Decision: A. Capital Budgeting2 Capital budgeting: Concept and application3 Time Value of Money4 Cash Flows Estimation for Capex5 Capital budgeting evaluation techniquesPART III: Investment Decision: B. Working Capital6 Working Capital ManagementPART IV: Financing Decision7 Cost of Capital8 Capital Structure PlanningPART V: Dividend Decision9 Dividend PolicyAppendix IGlossaryIndex

“The view that everything can be seen in financial terms is not one shared by everyone. Dr Sandeep Goel in this well-conceived and presented work - across a wide range of capital related issues, provides both a scholarly and practical analysis. Dr Goel's expertise and knowledge - well exhibited in this book, will be of relevance and assistance to so many who professionally or otherwise deal with other people's money.”Dr. Barry Rider OBE, Professor & Fellow Commoner Emeritus, Jesus College, University of Cambridge, UK “A comprehensive and accessible guide to corporate finance, this book skillfully bridges theory and practice. Dr. Goel demystifies core financial concepts with clarity, real-world cases, and global relevance. A must-read for business leaders, educators, and students alike seeking sound financial acumen and strategic insight in today’s complex economic environment.”Dr. Franco Gandolfi, Distinguished Professor of Business, California Institute of Advanced Management, Los Angeles, California, USA