| Description |
xxvi, 796 pages : illustrations, ; 26 cm |
|
regular print |
| Contents |
Part 1: Introduction. 1. The financial manager and the company -- Part 2: Foundations. 2. The financial system and the level of interest rates -- 3. Financial statements, cash flows, and tax -- 4. Analysing financial statements -- Part 3: Valuation of future cash flows and risk. 5. The time value of money -- 6. Discounted ash flows and valuation -- 7. Risk and return -- 8. Bond valuation and the structure of interest rates -- 9. Share valuation -- Part 4: Capital budgeting decisions. 10. The fundamentals of capital budgeting -- 11. Cash flows and capital budgeting -- 12. Evaluating project economics and capital rationing -- 13. The cost of capital -- Part 5: Working capital management and financing decisions. 14. Working capital management -- 15. How companies raise capital -- 16. Capital structure policy -- 17. Dividends and dividend policy -- Part 6: Business formation, valuation and financial planning. 18. Business formation, growth, and valuation -- 19. Strategic financial planning and forecasting -- Part 7: Options and corporate finance and international decisions. 20. Options and corporate finance -- 21. International financial management |
| Summary |
Fundamentals of Corporate Finance 2e reflects the reality that Finance as an intellectual discipline continues to be challenged by the experiences and events of market activity. Following the global financial crisis (GFC), mangers have embarked on even more uncertain times. Thus, although the teaching of finance may have remained robust as a framework of conceptual thought, it is imperative that students come to realise that "finance is not physics", by which we mean that even a concept as foundational to financial management as the capital asset pricing model (CAPM) should not be interpreted as a literal truth. This leads to a consideration of managing risk and risk management approaches as having behavioural aspects that are the outcomes of a manager's or the firm's accumulated experience. They cannot always be reduced to the simple directives of a quantitative algorithm.The text helps students develop the intuition and analytical skills necessary to effectively apply financial tools in real-world decision-making situations. The text provides a fully integrated framework for understanding how value creation relates to all aspects of corporate finance: whether it be evaluating an investment opportunity, determining the appropriate financing for a business, or managing working capital. This unique and integrated framework also enables students to develop problem solving and decision-making skills |
| Analysis |
Australian |
|
Austraqlian |
| Notes |
Includes index |
|
Previously published: 2011 |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Business enterprises -- Finance.
|
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Capital investments.
|
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Corporations -- Finance.
|
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International finance.
|
| Author |
Au Yong, Hue Hwa, author
|
|
Dempsey, Michael Joseph, author
|
|
Ekanayake, Samson, author
|
|
Kidwell, David S., author
|
|
Kofoed, Jennifer, author
|
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Morkel-Kingsbury, Nigel, author
|
|
Murray, James, author
|
| ISBN |
9781118378076 |
|
