Nevertheless,
Sébastien ristori publishes 2nd edition:
Sébastien, what is corporate finance today?
Business finance is above all the art of managing the financial resources of an organization to ensure its sustainability. Similarly, growth and value creation. Moreover, She tackles very concrete questions: how to invest? Meanwhile, Finance yourself? Nevertheless, Manage risks? However, And above all. Moreover, how to arbitrate between different options to best serve the company, its shareholders but also, now, all of its stakeholders. However,
Behind the tools – financial analysis. Consequently, modeling, capital management – there is a strong strategic dimension: development choices, negotiations with banks and investors, bets on the future. However, Finance can no longer limit itself to maximizing short -term profits. Meanwhile, It now fully integrates ESG issues: environment, society, governance. Similarly, It is a rigorous discipline, but also alive, committed, connected to major economic sébastien ristori publishes 2nd edition transformations. In addition,
What does this new edition bring compared to the first?
I wanted an even more complete manual, covering the entire field of corporate finance. However, This 2nd edition represents a real turning point: it is enriched with an unprecedented part on financial engineering. Consequently,
I explore the merger-acquisition operations there-negotiation, evaluation, arbitration-but also the IPO, capital strategies, cash management, financing of start-ups, restructuring operations. I also joined a transversal approach to sustainable finance: extra-financial analysis tools, risk management, design of sustainable financial policies. The book thus goes from 350 to 750 pages. I hope at the same time technical, strategic and anchored in the major contemporary issues.
You assume a double anchoring: academic and professional. Why this choice?
This book synthesizes more than fifteen years of experience: financial analyst for a side group. manager of complex sébastien ristori publishes 2nd edition operations (LBO, fundraising, restructuring, etc.), but also teacher-researcher at the University of Corsica. For more than sixteen years, I have been teaching financial analysis, mergers and acquisitions, sustainable finance, financial engineering. This link between land and research seems fundamental to me. It makes it possible to transmit a rigorous finance. but also concrete and useful, enlightened by the real issues of companies.
What role is playing green and sustainable finance today in the economy?
Creating value is not only to generate profit. A company can display good financial results while destroying value. If it compresses its costs to the detriment of the environment. employees, it can improve its accounting appearance, but at a high cost – social, ecological, ethical. We have seen what it can produce with Enron, Orpea, Casino … These companies displayed an illusion of performance before collapsing. Poorly conducted finance ends up sébastien ristori publishes 2nd edition sanctioning everyone, even those whom she seemed to be rewarding. Sustainable finance requires accounting: on carbon emissions, working conditions, tax transparency, governance. Admittedly, this represents a short -term cost, but it is a long -term investment. A virtuous company is more resilient, less exposed to scandals or distrust of the markets. Sustainable performance today is not a moral luxury: it is a condition of survival.
Are Corsa companies affected by this transfer?
Yes, fully. European regulations are evolving towards more requirements. with the CSRD directive in particular, which will require large companies to publish detailed ESG data. And even if a Corsican SME is not directly subject to this obligation. it will indirectly be: if it works with principals subject to the CSRD, it will have to prove its ESG conformity. We already see this domino effect: regional providers can be excluded from markets for sébastien ristori publishes 2nd edition social or environmental non-compliance. This concerns SMEs, craftsmen, island companies. The movement is engaged. And Corsica, for the moment, accuses a certain delay. It is urgent to anticipate these transformations if you want to remain competitive.
Sébastien ristori publishes 2nd edition
Further reading: Hachette Book goes beyond its carbon objectives and aims at -50% of emissions by 2030 – The editorial favorites – The rest of the novel “Trainspotting” by Irvine Welsh soon in bookstores – Book of the month: my horse and me – A floating bookstore walks from port to Port in Asia.
