Contemporary financial management

The tenth edition of this successful text provides a comprehensive and contemporary introduction to financial management, focusing on shareholder wealth maximization and cash flow management, the international aspects of financial management, the ethical behavior of managers, and the increased impact of the Internet in business practice. In addition, content has been added or enhanced to reflect the changing focus on finance areas including topics such as risk management, behavioral finance, the effects of inflation on financial decision-making, ethics in business, and real options.

Part I Introduction

1 The Role and Objective of Financial Management

2 The Domestic and International Financial Marketplace

3 Evaluation of Financial Performance

4 Financial Planning and Forecasting

Part II Determinants of Valuation

5 The Time Value of Money

6 Analysis of Risk and Return

7 Fixed-Income Securities: Characteristics and Valuation

8 Common Stock: Characteristics, Valuation, and Issuance

Part III The Capital Investment Decision

9 Capital Budgeting and Cash Flow Analysis

10 Capital Budgeting: Decision Criteria and Real Option Considerations

11 Capital Budgeting and Risk

Part IV The Cost of Capital, Capital Structure, and Dividend Policy

12 The Cost of Capital

13 Capital Structure Concepts

14 Capital Structure Management in Practice

15 Dividend Policy

Part V Working Capital Management and Financial Forecasting

16 Working Capital Policy and Short-Term Financing

17 The Management of Cash and Marketable Securities

18 Management of Accounts Receivable and Inventories

Part VI Additional Topics in Contemporary Financial Management

19 Lease and Intermediate Term Financing

20 Financing with Derivatives

Appendix A Black Scholes Model

Appendix B Bond Refunding Analysis

21 Risk Management

22 International Financial Management

23 Corporate Restructuring

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Summary

Summary

Table of Contents