This popular text takes a practical approach to corporate finance, applying key
concepts and techniques to a broad range of contemporary issues in finance. Examining
financial issues from a managerial stand point, the authors demonstrate the role finance
has to play in explaining and shaping business development rather than concentrating on
quantitative aspects.
This book is suitable for second and third year undergraduate students of business
studies, accounting, finance and economics. It is particularly valuable for those studying
an MBA or MSc in Business.
It is a thorough and well written book with good examples Hugh
Metcalf, University of Newcastle upon Tyne, UK
I immediately liked it Ivar Bredesen, Oslo University College, Norway
This is a very good, reliable, easy to read text book Anne Butchers,
University of Warwick, UK
Table of Contents
Contents
List of figures
List of tables
Preface
Acknowledgments
Guided Tour
PART 1 A FRAMEWORK FOR FINANCIAL DECISIONS
1 An overview of financial decisions
2 The financial environment
3 Present values and financial arithmetic
4 Valuation of assets, shares and companies
PART 2 INVESTMENT DECISIONS AND STRATEGIES
5 Investment appraisal methods
6 Project appraisal applications
7 Investment strategy and process
PART 3 INVESTMENT RISK AND RETURN
8 Analysing investment risk
9 Relationships between investments: portfolio theory
10 Setting The Risk Premium: The Capital Asset Pricing Model
11 The required rate of return on investment and shareholder value analysis
12 Identifying and valuing options
PART 4 SHORT-TERM FINANCING AND POLICIES
13 Treasury management and working capital policy
14 Short-term asset management
15 Short- and medium-term finance
PART 5 STRATEGIC FINANCIAL DECISIONS
16 Long-term finance
17 Returning value to shareholders: the dividend decision
18 Capital structure and the required return
19 Does capital structure really matter?
20 Acquisitions and restructuring
PART 6 INTERNATIONAL FINANCE
21 Managing currency risk
22 Foreign investment decisions
23 Review and frontiers of finance
Appendix A Solutions to self-assessment activities
Appendix B Solutions to selected questions
Appendix C Present value interest factor (PVIF)
Appendix D Present value interest factor for an annuity (PVIFA)
Features
- A strategic focus relating finance to management issues, setting the subject in the
context of corporate decision-making.
- Reliable and easy to read, the texts clear and accessible style presents maths using
worked examples and diagrams to aid understanding and highlight application.
- Practical, problem-solving approach blends theory and practice through a wealth of
real-world examples, mini-case studies and cameos to help students to learn how to apply
their knowledge.
- Carefully thought out features throughout the text to encourage learning and
self-assessment.
- Recommended by professional bodies such as CIMA and ACCA.
Paperback
Dec 2005
784 pages