Foundations of Financial Management  (English, Paperback, Hirt Geoffrey)

Foundation of Financial Management brings the real-world into the classroom through features such as chapter opening vignettes, Finance in Action (boxed readings), and News Makers Boxes. The easy to read style of this book allows students to focus on the important topics in corporate finance, such as the impact of technology and the ramifications of recent financial headlines.

Salient Features

• Changes in capital markets. Chapter 1 looks at the major stock exchanges going public and the mergers that are taking place between the exchanges.
• The impact of technology. Examples of how Hewlett-Packard, Wal-Mart, General Motors and other firms use advanced technology (including the Internet) to manage working capital. Also reflect the effect of Electronic Communication Networks (ECNs) and advanced technology on the way the financial markets operate in the U.S.
• The ramifications of recent financial headlines. The collapse of the sub prime lending market is covered in chapter 8, which discusses the reasons and consequences of the downfall. Chapter 15 considers potential regulatory changes in investment banking necessitated by the demise of Bears Sterns