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Financial Management and Policy

Personal Portfolio Management: Fundamentals and Strategies, 1/e
(order desk copy)

James C. Van Horne, Stanford University

Highly respected for its effective integration of financial theory and practice, this classic text explores the rapidly evolving and exciting theory of finance as it relates to a corporation's investment in assets, financing, and dividends. It explains the ways in which analytical techniques are brought to bear on financial decision making, and supplies the institutional material necessary for a solid understanding of the environment in which financial decisions are made.



Features | Table of Contents | Supplements



Features

  • Explores financial theory as it relates to a corporation's investment in assets, financing, and dividends (and their relation to maximizing shareholder wealth).
  • Applies financial analysis and analytical techniques to financial decision making, with an emphasis on formulating alternatives, analyzing them, and reaching a decision.
  • Highlights the rich institutional environment in which financial decisions are made.
  • Emphasizes how proper utilization of resources, balancing various stakeholder claims, information effects and financial signaling, the globalization of finance, regulatory and tax law changes, and a host of other considerations permeate the landscape of financial decision making.
  • Shows how finance is increasingly more strategic in focus as managers cope with how to create value within a corporate setting.



Features | Table of Contents | Supplements | Top


Table of Contents

I. FOUNDATIONS OF FINANCE.
Vignette: Coca-Cola, the Most Admired Corporation.
1. Goals and Functions of Finance.
2. Concepts in Valuation.
3. Market Risk and Returns.
4. Multivariable and Factor Valuation.
5. Option Valuation.
II. INVESTMENT IN ASSETS AND REQUIRED RETURNS.
Case: Fazio Pump Corporation.
6. Principles of Capital Investment.
7. Risk and Real Options in Capital Budgeting.
8. Creating Value through Required Returns.
III. FINANCING AND DIVIDEND POLICIES.
Vignette: Boeing Company.
9. Theory of Capital Structure.
10. Making Capital Structure Decisions.
11. Dividend Policy: Theory and Practice.
IV. LIQUIDITY AND WORKING CAPITAL MANAGEMENT.
Case: Flores Distributors, Inc.
12. Liquidity, Cash, and Marketable Securities.
13. Management of Accounts Receivable and Inventories.
14. Short-Term Financing.
15. Secured Loans and Term Financing.
V. CAPITAL MARKET FINANCING AND RISK MANAGEMENT.
Case: Dougall & Gilligan Global Agency.
16. Foundations for Longer-Term Financing.
17. Lease Financing.
18. Issuing Securities.
19. Fixed-Income Financing and Pension Liability.
20. Option Financing: Warrants, Convertibles, and Exchangeables.
21. Managing Financial Risk.
VI. EXPANSION AND RESTRUCTURING.
Case: Marriott Restructuring.
22. Mergers and the Market for Corporate Control.
23. Corporate and Distress Restructuring.
24. International Financial Management.
VII. TOOLS OF FINANCIAL ANALYSIS AND CONTROL.
Vignette: New York Times Company's New CFO.
25. Financial Ratio Analysis.
26. Financial Planning.
Appendix: Present-Value Tables and Normal Probability Distribution Table.


Features | Table of Contents | Supplements | Top


Supplements

Instructor's Manual with Solutions and Transparency Masters (0-13-895871-8); (89587-0)

  • Transparency Masters include key figures and tables from the text.
  • Solutions to all end-of-chapter problems and self-correction problems from the text.
  • Extra questions and problems, with detailed solutions, varying in degree of difficulty.
  • Teaching notes for cases in the book.
Test Item File (0-13-895889-0); (89588-8)
  • 75+ questions per chapter.
  • Multiple choice, true-false, short answer.
  • 25% new questions. Windows PH Custom Test (0-13-905761-7); (90576-0) Surfing for Success in Finance (0-13-648460-3); (64846-9)



Features | Table of Contents | Supplements | Top



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