Financial Management & Policy 12th Edition (s)

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 corporations 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

Extensively revised coverage of relevant topics throughout

The last three chapters are completely updated and revised

Financial analysis and analytical techniques are discussed in conjunction

Chapter 21, Hybrid Financing through Equity-Linked Securities, has been rewritten


Contents

I. FOUNDATIONS OF FINANCE.
Case: Vignette: Problems at Gillette.


Goals and Functions of Finance.

Concepts in Valuation.

Market Risk and Returns.

Multivariable and Factor Valuation.

Option Valuation.

II. INVESTMENT IN ASSETS AND REQUIRED RETURNS.
Case: Fazio Pump Corporation.


Principles of Capital Investment.

Risk and Real Options in Capital Budgeting.

Creating Value through Required Returns.
Case: National Foods Corporation.

III. FINANCING AND DIVIDEND POLICIES.
Case: Restructuring the Capital Structure at Marriott.


Theory of Capital Structure.

Making Capital Structure Decisions.

Dividends and Share Repurchase: Theory and Practice.

IV. TOOLS OF FINANCIAL ANALYSIS AND CONTROL.
Case: Morley Industries, Inc.


Financial Ratio Analysis.

Financial Planning.

V. LIQUIDITY AND WORKING CAPITAL MANAGEMENT.
Case: Caceres Semilla S.A. de C.V.


Liquidity, Cash, and Marketable Securities.

Management of Accounts Receivable and Inventories.

Liability Management and Short/Medium Term Financing.

VI. CAPITAL MARKET FINANCING AND RISK MANAGEMENT.
Case: Dougall & Gilligan Global Agency.


Foundations for Longer-Term Financing.

Lease Financing.

Issuing Securities.

Fixed-Income Financing and Pension Liability.

Hybrid Financing through Equity-Linked Securities.

Managing Financial Risk.

VII. EXPANSION AND CONTRACTION.
Case: Rayovac Corporation.


Mergers and the Market for Corporate Control.

Corporate and Distress Restructuring.

International Financial Management.