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Corporate Financial Management

Corporate Finacial Management 1e
(order desk copy)

Douglas R. Emery, University of Miami
John D. Finnerty, Fordham University

Presents theory in an integrated mix with applications and summarizes fundamental concepts into 12 basic Principles of Finance. The first text to truly integrate the major developments made in finance in the last 20 years, including agency theory, financial contracting, asymmetric information, and contingent claims. PHLIP supported with free cases. FinCoach CD can be packaged free.



Features | Table of Contents | Supplements


Features

  • Student intuition is developed using twelve basic principles of finance, such as Self-Interested Behavior, Risk-Return Trade-Off, Signaling, and Capital Market Efficiency.
  • Valuation concepts, such as net present value, and required, expected, and realized rates of return are applied to all topics, not just capital budgeting.
  • Many more current real-world examples integrated throughout, such as Chrysler's poison pill, the Baring's Bank failure, Gibson Greeting's treasury-linked swap, GE's stock split, Eurotunnel's rights offerings, the Green Canyon Project (Ch. 9), and Netscape's IPO (Ch. 1).
  • Financial calculator procedures encourage students to practice calculations.
  • Intuitive treatment of options minimizes complex mathematical formulas.
  • Careful definition and use of required, expected, and realized rates of return.
  • Pedagogy includes:
    • Chapter objectives.
    • A principles box in each chapter introduction cites the financial principles that are most relevant to the chapter.
    • Self-check questions at the end of each chapter.
    • Decision summary boxes highlight and summarize the important material in each chapter.
    • Equation summary boxes identify the important equations in each chapter.
    • End-of-chapter exercises are organized by three different levels of difficulty, and average almost 40 exercises per chapter.
    • A real-world application (short case) follows each chapter's exercises; supplemental material and references are provided for updating and expanding each case in the Instructor's Manual.



    • Features | Table of Contents | Supplements | Top


    Table of Contents

    I. FOUNDATIONS.
     1. Overview of Corporate Financial Management.
    2. Accounting, Cash Flows, and Taxes.
    3. The Financial Environment, Principles, and Fundamental Concepts.
    II. VALUATION.
    4. The Time Value of Money.
    5. Valuing Financial Securities.
    6. Risk & Return: Financial Securities.
    7. Risk & Return: Asset Pricing Models.
    8. Options: Valuing Contingencies.
    9. Financial Contracting.
    III. CAPITAL BUDGETING: STRATEGIC ASSET ALLOCATION.
    10. Cost of Capital.
    11. Capital Budgeting: The Basics.
    12. Capital Budgeting: Some Complications.
    13. Capital Budgeting in Practice.
    IV. CAPITAL STRUCTURE AND DIVIDEND POLICY.
    14. Capital Market Efficiency: Explanation & Implications.
    15. Why Capital Structure Matters.
    16. Managing Capital Structure.
    17. Why Dividend Policy Matters.
    18. Managing Dividend Policy.
    V. MANAGING THE FIRM.
    19. Cash and Working Capital Management.
    20. Accounts Receivable and Inventory Management.
    21. Treasury Management.
    22. Financial Planning.
    VI. LONG-TERM FINANCING.
    23. Equity & the Investment Banking Process.
    24. Long-Term Debt.
    25. Leasing & Other Asset-Based Financing.
    26. Derivatives & Hedging.
    VII. SPECIAL TOPICS.
    27. Bankruptcy, Reorganization, & Liquidation.
    28. Mergers and Acquisitions.
    29. Multinational Corporate Finance.
    Appendix A: Using a Business Calculator.
    Appendix B: Cumulative Distribution Function for the Standard Normal Random Variable.
    Appendix C: Answers to Selected Problems.
    Glossary.
    Author Index.
    Subject Index.



    Features | Table of Contents | Supplements | Top


    Supplements

  • Surfing for Success in Finance (0-13-648460-3); (64846-9)
  • PHLIP Site
    • www.prenhall.com/phlip
    • Arranged by chapter.
    • For students: Organized by chapter: "PHLIPping Through the News," "Finance Internet Sites," onLine Study Guide (new!), "Study Hall" (new!), moderated conferences and chat groups (new!).
    • For instructors: Same as offered the students, plus downloadable Instructor's Manual and Powerpoints (password required).
  • Instructor's Manual (0-13-598913-2); (59891-2)
    • Includes expanded versions of all chapter-end "Real World Application" mini-cases, with additional data, exhibits, and updates (when applicable).
    • Alternate syllabi, chapter outlines.
    • Also downloadable from PHLIP (www.prenhall.com/phlip) (password required)
  • Solutions Manual (0-13-723560-7); (72356-9)
    • Detailed solutions to all problems.
    • Error-checked by authors.
  • PowerPoint Slides (0-13-598921-3); (59892-0)
    • 50+ per chapter
    • Includes charts and figures from text, lecture notes, worked-out problems from text.
    • Also downloadable from PHLIP (www.prenhall.com/phlip) (password required).
  • Test Bank (0-13-576539-0); (57653-8)
    • 30+ questions per chapter; true/false, multiple choice, short answer.
  • WIN PH Custom Test (0-13-748195-0); (74819-4)
  • DOS PH Custom Test (0-13-748187-X); (74818-6)



    • Features | Table of Contents | Supplements | Top



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