Financial Management An Introduction to Principles and Practice

by ; ;
Format: Hardcover
Pub. Date: 1999-07-19
Publisher(s): South-Western College Pub
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Summary

This text represents a unique approach to introductory corporate finance. Although many texts have embraced the theme of shareholder wealth maximization, this book thoroughly carries out this theme in a uniquely consistent and unified fashion. It establishes the notion that a discounted cash flow mode captures the market valuation process. It then applies this concept of valuation not only to the typical analysis of capital expenditure decisions and cost of capital, but also to working capital management, financial budgeting and planning, and international financing and investing decisions. Additionally, this text is further differentiated by superior, substantive, and systematic treatment of the investing and financing decisions of multinational firms as part of the core managerial process.

Table of Contents

PART 1 THE GOAL AND ENVIRONMENT OF FINANCIAL MANAGEMENT 1(126)
The Nature of Financial Management
2(23)
The Accounting Environment: Financial Statements
25(35)
The External Environment: The Financial System
60(36)
The External Environment: International Financial Markets
96(31)
PART 2 VALUATION PRINCIPLES 127(134)
Money, Time, and Value
128(36)
Investment Value and Required Rates of Return
164(41)
The Valuation of Securities
205(36)
International Financial Valuation
241(20)
PART 3 LONG-TERM INVESTMENT DECISIONS 261(116)
Capital Expenditure Decision Rules
262(40)
Capital Investment Cash Flows
302(43)
Risk Analysis and Control in Capital Budgeting
345(32)
PART 4 LONG-TERM FINANCING CHOICES 377(178)
Debt Forms of Financing
378(36)
Equity Forms of Financing
414(30)
Financial Leverage
444(42)
The Cost of Capital and the Required Rate of Return
486(32)
Dividend Policy and Financial Strategy
518(37)
PART 5 SHORT-TERM FINANCIAL MANAGEMENT 555(88)
Working Capital Policy
556(20)
Short-Term Financing Decisions
576(19)
Management of Cash and Marketable Securities
595(21)
Management of Accounts Receivable and Inventory
616(27)
PART 6 FURTHER APPLICATIONS IN FINANCIAL MANAGEMENT 643(132)
Financial Planning and Corporate Growth
644(38)
Corporate Restructurings
682(38)
Managing Financial Distress
720(28)
International Financing and Investing
748(27)
Appendix A Financial Calculator Appendix 775(8)
Appendix B Answers to Selected Problems 783(9)
Appendix C Future Value and Present Value Tables 792(6)
Appendix D Answers to Self-Study Quizzes 798(9)
Glossary 807(9)
Index 816

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