Alex Edmans – författare

Brealey: Principles of Corporate Finance bridges the gap between financial theory and practical application for corporate finance. It emphasizes the importance of understanding financial theory to adapt to non-routine situations and evolving market conditions. By explaining why companies and financial markets behave as they do, the book equips managers with the tools to make informed decisions, not just based on experience but backed by theory. The authors address controversies within financial theory, offering balanced viewpoints while emphasizing practical applications to increase company value.

‘Alex Edmans is such a crisp, sharp salutary voice – and a great guide to the bullsh*t of the modern world’ Rory Stewart, author of Politics on the Edge 'A powerful and punchy explanation of why misinformation is a problem that affects us all' Gillian Tett, Editor-at-Large, Financial TimesA ground-breaking book that reveals why our human biases affect the way we receive and interpret information, with practical suggestions for how to think more critically* One of Adam Grant’s 8 New Idea Books to Start Spring** A Financial Times Book of the Month, April 2024** A Next Big Idea Club Must-Read Book for May 2024** A Wall Street Journal recommended summer read 2024*Our lives are minefields of misinformation. It ripples through our social media feeds, our daily headlines, and the pronouncements of politicians, business leaders, and best-selling authors. Stories, statistics, and studies are everywhere, allowing people to find evidence to support whatever position they want. Many of these sources are flawed, yet by playing on our emotions and preying on our biases, they can gain widespread acceptance, warp our views, and distort our decisions.In this eye-opening book, Alex Edmans, an economist and professor at London Business School, teaches us how to separate fact from fiction. Using colourful examples – from a wellness guru’s tragic but fabricated backstory, to the blunders that led to the Deepwater Horizon disaster, and the diet that ensnared millions yet hastened its founder’s death – Edmans highlights the biases that cause us to mistake statements for facts, facts for data, data for evidence, and evidence for proof.Armed with the knowledge of what to guard against, he then provides a practical guide to combat this tide of misinformation. Going beyond simply checking the facts and explaining individual statistics, Edmans explores the relationships between statistics – the science of cause and effect – ultimately training us to think smarter, sharper, and more critically. May Contain Lies is an essential read for anyone who wants to make better sense of the world and take better decisions.'A passionate and dispassionate call to truth – and how to achieve it - in a world of growing disinformation' Will Hutton, The Guardian'Not only brilliantly researched and written but immensely practical' Andy Haldane, former Chief Economist at the Bank of England'A timely book and, despite the nerdy statistical theories, is often quite funny' Harry Wallop, The Time

'Alex Edmans is such a crisp, sharp salutary voice – and a great guide to the bullsh*t of the modern world' Rory Stewart'A powerful and punchy explanation of why misinformation is a problem that affects us all' Gillian Tett, Financial TimesA ground-breaking book that reveals why our human biases affect the way we receive and interpret information, with practical suggestions for how to think more criticallyOur lives are minefields of misinformation. Stories, statistics and studies are everywhere, allowing people to find evidence to support whatever position they want. Many of these sources are flawed, yet by playing on our emotions and preying on our biases, they can gain widespread acceptance and warp our views.In this eye-opening book, economist and professor Alex Edmans teaches us how to separate fact from fiction. Using colourful examples – from a wellness guru’s tragic but fabricated backstory, to the blunders that led to the Deepwater Horizon disaster – Edmans highlights the biases that cause us to mistake statements for facts, facts for data, data for evidence, and evidence for proof.May Contain Lies is an essential read for anyone who wants to make better sense of the world and take clear-eyed decisions.'A passionate and dispassionate call to truth – and how to achieve it’ Will Hutton, Guardian'A timely book and, despite the nerdy statistical theories, is often quite funny' Harry Wallop, The Times

Global markets have been thrown into chaos, as crazy investments lead to wild booms and busts, economic inequality and even political fallout.In The Madness of Markets, Professor Alex Edmans uncovers the hidden forces that have driven global markets off course – from Reddit frenzies to CEO ego trips – hype cycles and social contagion have caused even the smartest investors to make irrational decisions.Their mistakes can become your advantage. Edmans shows not only how you can protect yourself from costly investing mishaps, but also how to capitalise when others misstep. Through insights and strategies built upon his leading research, discover how to make smart decisions in a world that often thinks fast, loud and wrong.

A Financial Times Book of the Year 2020! Should companies be run for profit or purpose? In this ground-breaking book, acclaimed finance professor and TED speaker Alex Edmans shows it's not an either-or choice. Drawing from real-life examples spanning industries and countries, Edmans demonstrates that purpose-driven businesses are consistently more successful in the long-term. But a purposeful company must navigate difficult trade-offs and take tough decisions. Edmans provides a roadmap for company leaders to put purpose into practice, and overcome the hurdles that hold many back. He explains how investors can discern which companies are truly purposeful and how to engage with them to unleash value for both shareholders and society. And he highlights the role that citizens can play in reshaping business to improve our world. This edition has been thoroughly updated to include the pandemic, the latest research, and new insights on how to make purpose a reality.

A Financial Times Book of the Year 2020! What is a responsible business? Common wisdom is that it's one that sacrifices profit for social outcomes. But while it's crucial for companies to serve society, they also have a duty to generate profit for investors - savers, retirees, and pension funds. Based on the highest-quality evidence and real-life examples spanning industries and countries, Alex Edmans shows that it's not an either-or choice - companies can create both profit and social value. The most successful companies don't target profit directly, but are driven by purpose - the desire to serve a societal need and contribute to human betterment. The book explains how to embed purpose into practice so that it's more than just a mission statement, and discusses the critical role of working collaboratively with a company's investors, employees, and customers. Rigorous research also uncovers surprising results on how executive pay, shareholder activism, and share buybacks can be used for the common good.

The latest edition in the Principles of Corporate Finance dynasty, the 14th edition continues in its tradition of showing how theory applies to the very practical problems and decisions faced by financial managers. Looking at what financial managers do and why, the book aims to give readers a solid understanding of theory so that they know what questions to ask when times change and new problems need to be analyzed, eventually standing as a reference and a guide to help them make financial decisions, not just study them.This new edition welcomes Alex Edmans to the author team, whose global authority and expertise in corporate governance, responsible business and behavioural finance have been invaluable in bolstering coverage of these topics. A new chapter is entirely dedicated to the subject of balancing shareholder value with promoting the interests of all stakeholders, the potential conflicts inherent in this, and how a responsible business should behave.There have been several changes to chapter structure as well as expanded discussion of issues that have grown in importance since the previous edition including behavioural finance, and financial innovation driven by AI, big data and cloud computing. It has also grown to take a more international focus, to bring in more information and perspectives on major developing economies such as China and India, and looking at how financing and governance systems differ around the world.   The new edition retains and builds on the pedagogical features of previous editions, with new chapter content summaries, new self-test questions interspersed at key points, and a raft of 'Beyond the page' examples available online through links in the text.Click here to view the sample chapter