Table of contents Part I: VALUE
1 Finance and the Financial Manager
2. Present Values, the Objectives of the Firm, and Corporate Governance
3. How to Calculate Present Values
4. The Value of Bonds and Common Stocks
5. Why Net Present Value Leads to Better Investment Decisions than Other Criteria
6. Making Investment Decisions with the Net Present Value Rule
7. Introduction to Risk, Return, and the Opportunity Cost of Capital
Part II: RISK
8. Risk and Return
9. Capital Budgeting and Risk
Part III: PRACTICAL PROBLEMS IN CAPITAL BUDGETING
10. A Project Is Not a Black Box
11. Strategy and the Capital Investment Decision
12. Agency Problems, Management Compensation, and the Measurement of Performance
Part IV: FINANCING DECISIONS AND MARKET EFFICIENCY
13. Corporate Financing and the Six Lessons of Market Efficiency
14. An Overview of Corporate Financing
15. How Corporations Issue Securities
Part V: PAYOUT POLICY AND CAPITAL STRUCTURE
16. Payout Policy
17. Does Debt Policy Matter?
18. How Much Should a Firm Borrow?
19. Financing and Valuation
Part VI: OPTIONS
20. Understanding Options
21. Valuing Options
22. Real Options
Part VII: DEBT FINANCING
23. Valuing Government Bonds
24. Credit Risk
25. The Many Different Kinds of Debt
26. Leasing
Part VIII: RISK MANAGEMENT
27. Managing Risk
28. Managing International Risks
Part IX: FINANCIAL PLANNING AND THE MANAGEMENT OF WORKING CAPITAL
29. Financial Analysis and Planning
30. Working Capital Management
31. Short-Term Financial Planning
Part X: MERGERS, CORPORATE CONTROL, AND GOVERNANCE
32. Mergers
33. Corporate Restructuring
34. Governance and Corporate Control around the World
Part IX: CONCLUSION
35. Conclusion: What We Do and Do Not Know about Finance
New Features
This leading and highly regarded text describes the theory and practice of corporate finance. The Indian context integrated in the book makes it a valuable textbook for the corporate finance/financial management courses offered by the MBA colleges in India.
The authors show how managers use financial theory to solve practical problems and how to respond to change by showing not just how but why companies and management act as they do. The text is comprehensive, authoritative, modern, and yet the material is presented at a common-sense level. The discussions and illustrations have the right depth of detail and is blended with a distinct sense of humor for which the book is well known.
Salient Features
? Practical treatment
? Cases and examples from India and the world
? Discussion on Indian legal environment including tax laws and their effects on corporate finance
? Detailed treatment of valuation
? Full chapter on credit risk
? Expanded coverage of behavioral finance
? Focused discussion on governance and control
? Excel integration throughout
Free Student?s CD-ROM containing
Interactive Quizzes
PowerPoint Presentation
Excel templates and spreadsheets
Concept Review Questions
Finance Tutor
Guide to Financial Calculators