, is widely considered the definitive manual for corporate finance in the French-speaking world. Originally authored by Pierre Vernimmen, the work is now maintained and updated annually by Pascal Quiry Yann Le Fur
The textbook Finance d'entreprise , colloquially known as "Le Vernimmen"
: Examines capital structure decisions, equity capital organization, and dividend policies. Financial Management
, both of whom are HEC Paris professors and investment bankers. Core Content and Structure
The manual is praised for its ability to bridge complex theoretical concepts with practical application in financial markets. It is structured into five primary sections: Financial Analysis Introduction to Financial Statements , margin analysis, and working capital management. Investors and Markets
As a "living" textbook, the 2024 and upcoming 2025/2026 editions address contemporary financial shifts: Economic Context 2024 Edition
specifically analyzes the impact of rising interest rates and inflation on company management and startup funding. ESG Integration 2025 Edition
