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Structural finance focuses on how a firm funds its long-term growth and capital assets. It dictates how to select major projects and balance the mix of debt and equity used to pay for them. Managers use structural finance to ensure the company's long-term investments generate returns higher than the cost of capital. 2. Master Operational Finance: Analyzing the Cash Engine
[Operational Finance] ──> [Financial Forecasting] ──> [Structural Finance] (Analysis & Diagnosis) (Excel Cash Modeling) (Investment Decisions)
Confidently read Balance Sheets and Profit & Loss (P&L) statements to diagnose a company's health.
The work here involves calculating the Weighted Average Cost of Capital (WACC)—the blended cost of debt and equity that a company must pay to satisfy all its investors.
With a career spanning over 30 years, Professor Abascal has taught in executive education programs across the globe, from Europe and the United States to China, Brazil, Nigeria, and beyond. He has also served as a consultant to numerous companies and sits on several corporate boards. "Finance for Managers" is the direct result of this immense practical and academic experience, written to address the exact questions and challenges managers face every day. finance for managers eduardo martinez abascal pdf work
Authored by Professor Eduardo Martinez Abascal, "Finance for Managers" is designed specifically for non-financial managers who need to understand the financial implications of their decisions. The book's core mission is to demystify complex financial information, turning it into a tool for better decision-making.
To put Martínez Abascal’s framework into practice, corporate leaders should follow this systematic financial control plan during operational review meetings:
For modern professionals, downloading the framework in serves as an indispensable tool for executive education, operational forecasting, and boardroom strategy. Core Philosophy: Demystifying the Financial Director
The practical exercises are a core strength of the book. The final chapter, summarizes the key trade-offs in corporate financing, and the book includes downloadable Excel files to help you master financial calculations step by step. Structural finance focuses on how a firm funds
The second part, , covers the bigger strategic decisions: how to evaluate major investments, choose between debt and equity financing, and, crucially, how to value an entire company. This structure ensures you first understand the levers of daily performance before moving on to long-term financial strategy.
Eduardo Martínez Abascal’s Finance for Managers (also known as Finanzas para directivos ) provides a comprehensive guide for non-financial managers to master corporate finance with a focus on practical application in small and medium-sized enterprises. The work covers operational and structural finance, offering case studies and tools to improve decision-making in profit, loss, and balance sheets. Supplementary materials, including annexes, are available on the IESE Blog Network . Finance for Managers: Martínez Abascal, Eduardo
: Provides instruction on using spreadsheet tools to automate financial forecasts and investment analysis. Company Valuation
Modeling future capital needs in Excel to sustain operations during market shifts. Capital Budgeting (NPV/IRR) With a career spanning over 30 years, Professor
This is the most critical step to turn the book into a tool for your actual work. As you finish each major concept, apply it to your own company or a project you're working on:
It is available from all major retailers: Amazon sells both the Kindle and paperback editions; AbeBooks offers used copies; Google Play Books provides the ebook; and the IESE blog offers supplementary materials.
: Provides specific instruction on financial calculations using Excel.
The blended average percentage rate a company pays to finance its assets via debt and equity.