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Principles of Financial Management

Principles of Finacial Management 1E
(order desk copy)

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

This text incorporates the most recent financial innovations into the traditional corporate finance material to make it the most modern corporate finance text available. All theory is tied back to the 10 Principles of Finance to assist students in building a "ready intuition" for solving problems they have never seen before. Heavy use of examples and applications ties nearly every facet of the material back to the real world of finance. FinCoach CD can be packaged free.



Features | Table of Contents | Supplements



Features

  • Describes ten principles which provide a framework for integrating and learning corporate financial management.
  • Offers an innovative and flexible format:
    • 18 complete and rigorous chapters.
    • 6 optional enhancement topics.
  • Weaves important research advances throughout.
  • Indicates what is known, what is believed, and what is still being debated.
  • Offers a practitioner's real-world perspective.
  • Draws on one of the author's extensive first-hand experience and unique insights in the everyday world of finance.
  • Features an abundance of applications, most involving well-known corporations, and all designed to illustrate how financial principles are useful and immediately applicable to the real world.
  • Explores financial contracting in depth.
  • Includes a separate introductory chapter on principal-agent problems in financial contracting that recognizes the existence of information asymmetries and points out the agency problems it creates.
  • Then, throughout the text, explicitly shows how the important insights from this material can be used to solve many practical problems.
  • Uses the term option in its broadest sense - any right without an obligation attached to it.
  • Apply the important insights of option theory to a wide variety of topics - financial contracting, capital budgeting, and capital structure.
  • Treats the international aspects of finance throughout the book as a point of view and a particular market environment in which to operate.



    • Features | Table of Contents | Supplements | Top


    Table of Contents

    I. INTRODUCTION TO FINANCIAL MANAGEMENT.
    1. Introduction and Overview.
    2. The Financial Environment: Concepts and Principles.
    3. Accounting, Cash Flows, and Taxes.
    4. Financial Statement Analysis.
    II. BASIC VALUATION.
    5. The Time Value of Money.
    6. Valuing Bonds and Stocks.
    7. Risk and Return.
    Enrichment Section Valuation.
    Topic A: Capital Market Efficiency.
    Topic B: Options and Contingent Outcomes.
    Topic C: Financial Contracting.
    III. CAPITAL BUDGETING: STRATEGIC ASSET ALLOCATION.
    8. Business Investment Criteria.
    9. Capital Budgeting Cash Flows.
    10. Capital Budgeting in Practice.
    IV. Long-Term Financial Decisions.
    11. Cost of Capital.
    12. Capital Structure Policy.
    13. Dividend Policy.
    14. Long-Term Financial Alternatives.
    15. International Corporate Finance.
    V. Working Capital Management.
    16. Cash and Working Capital Management.
    17. Accounts Receivable and Inventory Management.
    18. Financial Planning.
    Enrichment Section Topics in Financial Management.
    Topic D: Issuing Securities and the Role of Investment Banking.
    Topic E: Derivatives and Hedging.
    Topic F: Mergers and Acquisitions.
    Appendix A. Using a Business Calculator.
    Appendix B. Cumulative Distribution Function for the Standard Normal Random Variable.
    Answers to Selected Problems.
    Author Index.
    Subject Index.



    Features | Table of Contents | Supplements | Top


    Supplements

  • Instructor's Manual (0-13-679978-7); (67997-7)
  • Instructor's Solutions Manual (0-13-680018-1); (68001-7)
  • Solutions Manual, Revised Printing (0-13-021422-1); (2142B-1)
    • detailed solutions to all end-of-chapter problems
  • 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 students, plus downloadable Instructor's Manual and PowerPoints (Password Required)
  • Study Guide (0-13-679911-6); (67991-0)
    • learning objectives, chapter outlines, key terms
    • written by authors
    • includes expanded versions of in-text cases, alternate syllabi, chapter outlines
  • PowerPoints Transparencies (0-13-679994-9); (67993-6)
  • Test Item File (0-13-679986-8); (67998-5)
  • Test Bank, Revised Printing (0-13-021421-3); (2142A-3)
    • written by authors
    • 50+ per chapter; true/false, multiple choice, short answer
  • WIN PH Custom Test (0-13-680000-9); (68000-9)
  • Spreadsheet Templates
    • downloadable from PHLIP (www.prenhall.com/phlip)
    • available on disk from editorial
    • free to copy, distribute, load on network
  • Fin Coach Version A
    • finance math practice software (see Handa)
  • Surfing for Success in Finance (0-13-648460-3); (64846-9)



    • Features | Table of Contents | Supplements | Top



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