| Description |
xii, 452 pages : illustrations ; 25 cm |
| Contents |
Pt. 1. The Business Finance Environment. 1. Introduction. 2. A framework for financial decision making. 3. Financial accounting statements and their interpretation -- Pt. 2. Investment Decisions. 4. Investment appraisal methods. 5. Practical aspects of investment appraisal. 6. Risk in investment appraisal. 7. The pricing of securities and its relevance to real investment decisions -- Pt. 3. Financing Decisions. 8. Sources of long-term finance. 9. The secondary capital market (the stock exchange) and its efficiency. 10. Cost of capital estimations and the discount rate. 11. Gearing, the cost of capital and shareholders' wealth. 12. The dividend decision -- Pt. 4. Integrated Decisions. 13. Management of working capital. 14. Corporate restructuring (including takeovers and divestments). 15. International aspects of business finance. 16. Small firms. App. 1. Present value table -- App. 2. Annuity table |
| Summary |
"Business Finance is an accessible introduction to decision making in firms - what investments a company should make and how they should be financed." "Taking a user's perspective, this textbook blends the theoretical, analytical and practical aspects of the subject, providing an up-to-date introduction to finance and investment. The book sets out the theories surrounding financial decision making and relates these theories to what happens in practice, in the real world. Where theory and practice diverge, the book attempts to reconcile and explain the differences." "The book is suitable for undergraduate programmes, both those specialising in accounting and finance and those where a business finance/financial management course is part of some other programme. It is also suitable for postgraduate programmes, particularly those where accounting and finance is not the main focus of the programme. Professional accounting students should also find the book helpful in their studies."--BOOK JACKET |
| Notes |
Previous ed.: London : Pitman, 1997 |
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Includes index |
| Bibliography |
Includes bibliographical references (pages 401-406) and index |
| Subject |
Business enterprises -- Finance -- Problems, exercises, etc.
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Business enterprises -- Finance.
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Corporations -- Finance.
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Corporations -- Finance -- Problems, exercises, etc.
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| Genre/Form |
Problems and exercises.
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| ISBN |
0273646362 paperback |
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