Alan
C. Shapiro , University of Southern California
Sheldon D. Balbirer , University of North Carolina at Greensboro
Published
September 1999 by Prentice Hall Business Publishing
Copyright
2000, 577 pp. Cloth Bound w/CD-ROM ISBN
0-13-080098-8
For first-year courses in Corporate Finance at the MBA & Executive MBA level or at any
undergraduate program that focuses on value creation.
Emphasis
on corporate finance activities and how decisions and strategies relate to other functions
of the firm, including sales, advertising, marketing, production, etc. Throughout the
text, the story of financial analysis and reasoning are applied to problems faced by
executives in marketing, operations, and personnel from both a domestic and international
perspective. The text's focal theme is on value creation and the role of corporate finance
in facilitating this process.
Brief
text-15 chapters with 8 additional on the web-The subject matter of this
book is focused on those subjects in corporate finance that are critical to an
understanding of finance.
-Focused textbook coverage is a plus for programs 10-14 weeks long which require a brief
book that concentrates on the key topics in corporate finance.
-A Website with additional chapters gives instructors a broader array of topic chapters
to fit with syllabi.
-The menu of further topics on the Website allows instructors to customize a text based
on their individual course needs.
Additional
Topics-Have been prepared for this text and may be copied from the text's homepage
found at: www.prenhall.com/financecenter
-Topic A - Managing Cash and
Marketable Securities
-Topic B - Managing Accounts
Receivable
-Topic C - Managing Inventories
-Topic D - Convertible Securities and
Warrants
-Topic E - Lease Financing
-Topic F - International Financial
Management
-Topic G - Bankruptcy and
Reorganization
-Topic H - Hedging Corporate Risk
Exposure
Emphasis
on value creation integrated throughout the text-Focuses on how the financial
manager can add value to the firm and looks at activities that financial manager's do that
inter-relate to other functions within the company to create value.
-Enables students to connect the strategic goal of creating competitive advantage and
the financial goal of creating shareholder value.
-Shows students the role of the financial manager is to understand the intricacies of
the modern financial marketplace and use this knowledge to help guide the firm's
activities.
-Contains a unique chapter on how companies create value-including value-based
analysis and corporate restructuring-as well as the links between return on investment,
required return on capital invested, and the pricing of stocks. It also deals with issues
of executive compensation from a financial standpoint (Chapter 11).
-Features a discussion of how investment decisions can help create competitive
advantage, and thereby enhance shareholder value (Chapter 9).
-Shows the linkages between corporate growth strategies and shareholder value creation,
and indicates when such growth can actually dissipate value (Chapter 5).
Practical
approach-Shows students why theories make sense, and how to use them to solve
problems by citing examples from real corporations like Southwest airlines, Time Warner ,
Walt Disney, etc.
Numerous
applications of finance principles-Illustrated through real-world examples and
vignettes are intricately woven into the text and not as separate boxed features.
Application
of financial analysis to non-financial problems-Highlights why non-finance majors
should care about the topics covered.
Unique
chapter on strategy and financial management-Deals with the issue of executive
compensation from a financial standpoint.
Integrated
coverage of international topics.
-Allows students to view finance from a global perspective and understand issues related
to the integration of domestic and global financial management.
-Features a detailed presentation of financing patterns of companies around the world
and discusses the evolution of these financing patterns, particularly the rise of
securitization, that helps to put financing options and patterns into perspective (Chapter
12).
Numerous
chapter-end questions and problems.
Comprehensive
financial statement analysis-Provides a unique discussion of the qualitative aspects
of corporate control.
Detailed
discussion of estimating project cash flows-Includes incremental versus total cash
flows; the effects of inflation on cash flows; and the valuation of growth options.
Qualitative
factors that determine financial strategy.
1.
Introduction.
2. Evaluating a Firm's Financial Condition.
3. Financial Planning and Funds Forecasting.
4. Foundations of Valuation: Time Value of Money.
5. Bond and Stock Valuation.
6. Risk and Value.
7. Options in Corporate Finance.
8. Evaluation of Investment Projects.
9. The Art and Science of Evaluating Project Cash Flows.
10. Establishing Required Rates of Return.
11. Creating Value for Shareholders.
12. Global Financial Markets and Long-Term Financing.
13. How Companies Raise Long-Term Capital.
14. Establishing a Target Capital Structure.
15. Dividend Policy.
Additional
Topics have been prepared for this text and may be copied from the text's homepage found
at: www.prenhall.com/financecenter
Topic
A - Managing Cash and Marketable Securities.
Topic B - Managing Accounts Receivable.
Topic C - Managing Inventories.
Topic D - Convertible Securities and Warrants.
Topic E - Lease Financing.
Topic F - International Financial Management.
Topic G - Bankruptcy and Reorganization.
Topic H - Hedging Corporate Risk Exposure.
Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub
anglojęzyczny jest aktualnie na półce księgarni.
