This package includes a physical copy of Corporate Financial Management, 5/e by Glen Arnold, as well as access to the eText and MyFinanceLab.
Explore how finance theory works in practice with Corporate Financial Management, 5th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value.
Need extra support?
This title is supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or instructors can choose to fully integrate this eLearning technology into the delivery of their course.
Students can benefit from access to MyFinanceLab by purchasing an alternative ‘pack’ version of this product called Corporate Financial Management with MyFinanceLab access card, 5e or online at www.myfinancelab.com
Product Description
Were you looking for the book with access to MyFinanceLab? This product is the book alone, and does NOT come with access to MyFinanceLab. Buy Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003) if you need access to the MyLab as well, and save money on this brilliant resource.
Explore how finance theory works in practice with Corporate Financial Management, 5th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value.
"Very comprehensive material, excellent explanations, great examples well illustrated graphically."
Professor Austin
University of Portsmouth, UK
Need extra support?
This product is the book alone, and does NOT come with access to MyFinanceLab.
This title can be supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or fully integrated into an instructor's course.
You can benefit from MyFinanceLab at a reduced price by purchasing a pack containing a copy of the book and an access card for MyFinanceLab: Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003). Alternatively, buy access online at ww.MyFinanceLab.com .
For educator access, contact your Pearson Account Manager. To find out who your account manager is, visit www.pearsoned.co.uk/replocator
Features + Benefits
Practical Orientation
Accessible style and comprehensive coverage
Extensive real-world examples from the Financial Times
Supported by MyFinanceLab
Backcover
Were you looking for the book with access to MyFinanceLab? This product is the book alone, and does NOT come with access to MyFinanceLab. Buy Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003) if you need access to the MyLab as well, and save money on this brilliant resource.
“Comprehensive and well written, making a challenging subject easy to read and understand.”
Ben Ukaegbu, London Metropolitan University, Business School
“The case studies are excellent, relevant and bring the theories to life.”
Rob Jones, Newcastle University Business School
Corporate Financial Management offers an extremely readable and comprehensive survey of the theory and practice of corporate finance. It progresses from a general overview of the financial world, moving through investment appraisal, risk and return, and sources of finance, to a unique treatment of corporate value. The final part introduces risk management, focusing on derivatives and exchange-rate risk. Theory and practice are closely integrated throughout the text, reflecting the extent to which real-world practice has been profoundly shaped by financial theory.
The book is suitable for both undergraduate and postgraduate students of business studies, finance, accounting, economics, and banking.
This best-selling text explores how finance theory works in practice, teaching you how to make informed, successful financial decisions that are crucial for a career in business.
Key features
· Financial techniques are illustrated in practical terms, using clear accessible language.
· New Financial Times articles help you see the relevance of the theory to the real-word
· Finance is presented as a dynamic, inter-disciplinary subject that is open to theoretical re-evaluation
· Worked examples and easy-to-follow mathematical explanations
· The latest statistics and data ranging from the number of corporate mergers to the default rates on corporate bonds
· Extensive range of examples, case studies and recommended websites
[insert My Finance Lab logo]
MyFinanceLab is an optional online resource that maps directly to Corporate Financial Management. With questions designed to test and build your understanding, MyFinanceLab provides instant feedback and a personalized approach to mastering key finance concepts, as well as:
· A study plan designed just for you
· Worked solutions showing how to solve difficult problems
· Limitless opportunities to practice
· An eText for quick reference
· FT articles to help keep you up to date and observe the regular use in business of the concepts discussed in the book
· A ‘finance in the news’ blog, with accompanying podcasts
Glen Arnold runs an investment fund and previously held positions as professor of finance and professor of investing. In addition to the textbook Modern Financial Markets and Institutions he has authored leading investment books including The Financial Times Guide to Investment, Great Investors and The Financial Times Guide to Value Investing.
Need extra support?
This product is the book alone, and does NOT come with access to MyFinanceLab.
This title can be supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or fully integrated into an instructor's course.
You can benefit from MyFinanceLab at a reduced price by purchasing a pack containing a copy of the book and an access card for MyFinanceLab: Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003). Alternatively, buy access online at www.MyFinanceLab.com .
For educator access, contact your Pearson Account Manager. To find out who your account manager is, visit www.pearsoned.co.uk/replocator
Topics covered in the book
Introduction to the book
Guided tour
Using MyFinanceLab
Acknowledgements
PART ONE: INTRODUCTION
1. The Financial World
PART TWO: THE INVESTMENT DECISION
2. Project appraisal: net present value and internal rate of return
3. Project appraisal: cash flow and applications
4. The decision-making process for investment appraisal
5. Project appraisal: capital rationing, taxation and inflation
PART THREE: RISK AND RETURN
6. Risk and project appraisal
7. Portfolio theory
8. The Capital Asset Pricing Model and multi-factor models
PART FOUR: SOURCES OF FINANCE
9. Stock markets
10. Raising equity capital
11. Long-term debt finance
12. Short-term and medium-term finance
13. Stock Market Efficiency
PART FIVE: CORPORATE VALUE
14. Value-based management
15. Value-creation metrics
16. The cost of capital
17. Valuing shares
18. Capital structure
19. Dividend policy
20. Mergers
PART SIX: MANAGING RISK
21. Derivatives
22. Managing Exchange-Rate Risk
Glossary
Bibliography
Index
Explore how finance theory works in practice with Corporate Financial Management, 5th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value.
Need extra support?
This title is supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or instructors can choose to fully integrate this eLearning technology into the delivery of their course.
Students can benefit from access to MyFinanceLab by purchasing an alternative 'pack' version of this product called Corporate Financial Management with MyFinanceLab access card 5e (isbn 9780273759003), or by purchasing access to this MyLab separately online at www.myfinancelab.com
Instructors should contact their Pearson Account Manager.
Explore how finance theory works in practice with Corporate Financial Management, 5th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value.
Need extra support?
This title is supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or instructors can choose to fully integrate this eLearning technology into the delivery of their course.
Students can benefit from access to MyFinanceLab by purchasing an alternative ‘pack’ version of this product called Corporate Financial Management with MyFinanceLab access card, 5e or online at www.myfinancelab.com
Product Description
Were you looking for the book with access to MyFinanceLab? This product is the book alone, and does NOT come with access to MyFinanceLab. Buy Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003) if you need access to the MyLab as well, and save money on this brilliant resource.
Explore how finance theory works in practice with Corporate Financial Management, 5th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value.
"Very comprehensive material, excellent explanations, great examples well illustrated graphically."
Professor Austin
University of Portsmouth, UK
Need extra support?
This product is the book alone, and does NOT come with access to MyFinanceLab.
This title can be supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or fully integrated into an instructor's course.
You can benefit from MyFinanceLab at a reduced price by purchasing a pack containing a copy of the book and an access card for MyFinanceLab: Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003). Alternatively, buy access online at ww.MyFinanceLab.com .
For educator access, contact your Pearson Account Manager. To find out who your account manager is, visit www.pearsoned.co.uk/replocator
Features + Benefits
Practical Orientation
Accessible style and comprehensive coverage
Extensive real-world examples from the Financial Times
Supported by MyFinanceLab
Backcover
Were you looking for the book with access to MyFinanceLab? This product is the book alone, and does NOT come with access to MyFinanceLab. Buy Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003) if you need access to the MyLab as well, and save money on this brilliant resource.
“Comprehensive and well written, making a challenging subject easy to read and understand.”
Ben Ukaegbu, London Metropolitan University, Business School
“The case studies are excellent, relevant and bring the theories to life.”
Rob Jones, Newcastle University Business School
Corporate Financial Management offers an extremely readable and comprehensive survey of the theory and practice of corporate finance. It progresses from a general overview of the financial world, moving through investment appraisal, risk and return, and sources of finance, to a unique treatment of corporate value. The final part introduces risk management, focusing on derivatives and exchange-rate risk. Theory and practice are closely integrated throughout the text, reflecting the extent to which real-world practice has been profoundly shaped by financial theory.
The book is suitable for both undergraduate and postgraduate students of business studies, finance, accounting, economics, and banking.
This best-selling text explores how finance theory works in practice, teaching you how to make informed, successful financial decisions that are crucial for a career in business.
Key features
· Financial techniques are illustrated in practical terms, using clear accessible language.
· New Financial Times articles help you see the relevance of the theory to the real-word
· Finance is presented as a dynamic, inter-disciplinary subject that is open to theoretical re-evaluation
· Worked examples and easy-to-follow mathematical explanations
· The latest statistics and data ranging from the number of corporate mergers to the default rates on corporate bonds
· Extensive range of examples, case studies and recommended websites
[insert My Finance Lab logo]
MyFinanceLab is an optional online resource that maps directly to Corporate Financial Management. With questions designed to test and build your understanding, MyFinanceLab provides instant feedback and a personalized approach to mastering key finance concepts, as well as:
· A study plan designed just for you
· Worked solutions showing how to solve difficult problems
· Limitless opportunities to practice
· An eText for quick reference
· FT articles to help keep you up to date and observe the regular use in business of the concepts discussed in the book
· A ‘finance in the news’ blog, with accompanying podcasts
Glen Arnold runs an investment fund and previously held positions as professor of finance and professor of investing. In addition to the textbook Modern Financial Markets and Institutions he has authored leading investment books including The Financial Times Guide to Investment, Great Investors and The Financial Times Guide to Value Investing.
Need extra support?
This product is the book alone, and does NOT come with access to MyFinanceLab.
This title can be supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or fully integrated into an instructor's course.
You can benefit from MyFinanceLab at a reduced price by purchasing a pack containing a copy of the book and an access card for MyFinanceLab: Corporate Financial Management, plus MyFinanceLab with Pearson eText, 5/e (ISBN 9780273759003). Alternatively, buy access online at www.MyFinanceLab.com .
For educator access, contact your Pearson Account Manager. To find out who your account manager is, visit www.pearsoned.co.uk/replocator
Topics covered in the book
Introduction to the book
Guided tour
Using MyFinanceLab
Acknowledgements
PART ONE: INTRODUCTION
1. The Financial World
PART TWO: THE INVESTMENT DECISION
2. Project appraisal: net present value and internal rate of return
3. Project appraisal: cash flow and applications
4. The decision-making process for investment appraisal
5. Project appraisal: capital rationing, taxation and inflation
PART THREE: RISK AND RETURN
6. Risk and project appraisal
7. Portfolio theory
8. The Capital Asset Pricing Model and multi-factor models
PART FOUR: SOURCES OF FINANCE
9. Stock markets
10. Raising equity capital
11. Long-term debt finance
12. Short-term and medium-term finance
13. Stock Market Efficiency
PART FIVE: CORPORATE VALUE
14. Value-based management
15. Value-creation metrics
16. The cost of capital
17. Valuing shares
18. Capital structure
19. Dividend policy
20. Mergers
PART SIX: MANAGING RISK
21. Derivatives
22. Managing Exchange-Rate Risk
Glossary
Bibliography
Index
Explore how finance theory works in practice with Corporate Financial Management, 5th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value.
Need extra support?
This title is supported by MyFinanceLab, an online homework and tutorial system which can be used by students for self-directed study or instructors can choose to fully integrate this eLearning technology into the delivery of their course.
Students can benefit from access to MyFinanceLab by purchasing an alternative 'pack' version of this product called Corporate Financial Management with MyFinanceLab access card 5e (isbn 9780273759003), or by purchasing access to this MyLab separately online at www.myfinancelab.com
Instructors should contact their Pearson Account Manager.