Foundations of Finance: The Logic and Practice of Financial Management (Prentice Hall Finance Series) - Hardcover
From the Back Cover:
About the Author:
Unique in its approach; this text provides students with an intuitive, conceptual understanding of the financial decision-making process, rather than just introducing them to soon-forgotten formulas and calculations of finance. And, by focusing an concept interrelationships, it explores the "big picture" and actual practice—that is, financial decision making rooted in current financial theory and in the current state of world economic conditions. Throughout, Foundations of Finance eliminates non-essential material and keeps mathematics to a minimum. It presents material at a level accessible to non-finance majors but has the strong theoretical foundation necessary for more specialized students.
Some of what's new to this edition...
- NEW—Excel spreadsheets integrated into problems at the end of appropriate chapters.
- Gives students a contemporary tool for time value of money calculations, dealing with valuation of financial assets, and evaluating capital budgeting projects.
- NEW—Chapter 10, Cash Flows and Other Topics in Capital Budgeting, was heavily revised using a more intuitive approach. In addition, a new section on Options in Capital Budgeting was added.
- NEW—Thoroughly revised Chapter 2 on Financial Markets and Interest Rates reflects the impact of the economic downturn and Federal Monetary Policy on risk and return, cost of capital, corporate financing. The chapter also discusses the significant differences between nominal and real interest rates.
- NEW—Part-opening interviews with business professionals include a consultant who explains how a manager of any area within a firm should think about finance, and a business valuation expert who talks about the importance of an operating manager understanding what determines firm value.
- Gives students-in-the-trenches insights into the application of theory to practice in the real world. Provides perspective far anyone who is planning a career in business. And at the same time makes learning more interesting.
- NEW—Current coverage weaves "Enron Lessons" boxes throughout appropriate chapters; includes a box on the impact of September 11th on corporate finance; and discusses the impact of the 2002 Economic Stimulus Package.
For more NEW information... check inside!
Great study aids also available with Keown, Foundations of Finance, 4th ed.
- FinCoach 2.0 or FinCoach 2.0 Lite—math practice software.
- Mastering Finance—students participate in financial decision making through video presentations and interactive quizzes.
- EVA Training Tutor Express—CD-ROM developed by Stern Stewart & Co. teaches business and financial literacy using the latest interactive and multimedia techniques. Helps students to understand the basics of value-based thinking and management.
Arthur J. Keown is the R. B. Pamplin Professor of Finance at Virginia Polytechnic Institute and State University. He received his bachelor's degree from Ohio Wesleyan University, his M.B.A. from the University of Michigan, and his doctorate from Indiana University. An award-winning teacher, he is a member of the Academy of Teaching Excellence, has received five Certificates of Teaching Excellence at Virginia Tech, the W E. Wine Award for Teaching Excellence, the Alumni Teaching Excellence Award, and in 1999 received the Outstanding Faculty Award from the State of Virginia. Professor Keown is widely published in academic journals. His work has appeared in The Journal of Finance, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, The Journal of Financial Research, the Journal of Banking and Finance, Financial Management, the Journal of Portfolio Management, and many others. In addition to Foundations of Finance, two other of his books are widely used in college finance classes all over the country—Basic Financial Management and Personal Finance: Turning Money into Wealth. Professor Keown is a Fellow of the Decision Sciences Institute, a member of the Board of Directors of the Financial Management Association, and former head of the finance department. In addition, he recently served as the co-editor of The Journal of Financial Research for six and a half years and is presently the co-editor of the Financial Management Association's Survey and Synthesis series. He lives with his wife and two children in Blacksburg, Virginia, where he collects original art from Mad Magazine.
John D. Martin is Professor of Finance and the holder of the Carr P. Collins Chair of Finance at Baylor University. Dr. Martin came to Baylor University in 1998 from the University of Texas at Austin where he taught for nineteen years and was the Margaret and Eugene McDermott Centennial Professor of Finance. He teaches corporate finance and his research interests are in corporate governance, the evaluation of firm performance, and the design of incentive compensation plans. Dr. Martin has published widely in academic journals including the Journal of Financial Economics, The Journal of Finance, Journal of Monetary Economics, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Financial Management, and Management Science. His work has also appeared in a number of professional publications including Directors and Boards, the Financial Analysts' Journal, the Journal of Portfolio Management, and the Journal of Applied Corporate Finance. In addition to this book Dr. Martin is co-author of nine books including Financial Management (9th ed., Prentice Hall), The Theory of Finance (Dryden Press), Financial Analysis (2nd ed., McGraw Hill), Value Based Management (Harvard Business School Press), and he is currently writing a book on interest rate modeling. He serves on the editorial boards of eight journals and has delivered executive education programs for a number of firms including Shell Chemical, Shell E&P, Texas Instruments, and The Associates.
J. William Petty is Professor of Finance and the W.W. Caruth Chairholder of Entrepreneurship at Baylor University. He holds a Ph.D. and M.B.A. from the University of Texas at Austin, and a B.S. from Abilene Christian University. He has taught at Virginia Tech University, Texas Tech University, and served as the dean of the business school at Abilene Christian University. His research interests include the creation and financing of high-potential entrepreneurial firms and shareholder value based management. He is also the Director of the Entrepreneurship Program at Baylor University. He has served as the co-editor for the Journal of Financial Research and the editor of the Journal of Entrepreneurial and Small Business Finance. He has published in a number of finance journals and is the co-author of two leading corporate finance textbooks, Basic Financial Management and Foundations of Finance, and co-author of a widely used text, Small Business Management. Dr. Petty serves on the board of a publicly-traded oil and gas firm. He has also served as a subject matter expert on a best-practices study by the American Productivity and Quality Center on the topic of shareholder value-based management. He recently served on a research team for the Australian Department of Industry to study the feasibility of establishing a public equity market for small and medium-sized enterprises in Australia.
David E Scott Jr. received his Ph.D. from the University of Florida, an M.B.A. from the University of Detroit, and a B.S.B.A. from the University of Akron. He holds the Phillips-Schenck Chair in American Private Enterprise, is Executive Director of the Dr. Phillips Institute for the Study of American Business Activity, and is Professor of Finance at the University of Central Florida. From 1977 to 1982 he was Area Coordinator, then Head, Department of Finance, Insurance, and Business Law at Virginia Polytechnic Institute and State University. During 1985-1986 he was President of the Financial Management Association, an international group with 9,000 members. He was a member of the Board of Trustees of FMA from 1986 to 1993.
Dr. Scott is a member of the Board of Directors of CompBenefits Corporation, headquartered in Atlanta, Georgia. He is a past member of the local Board of Directors of BankFIRST Goldenrod (Florida), that specializes in commercial banking services for small businesses. He served on the Investment Policy Committee of the University of Central Florida Foundation for over 10 years. Dr. Scott is also past founding co-editor of the Journal of Financial Research, past associate editor for the Akron Business and Economic Review, and past associate editor for Financial Management. He is past president of the Southern Finance Association. In addition to Foundations of Finance, Dr. Scott is co-author of Basic Financial Management, Cases in Finance, and Guide to Financial Analysis. He is widely published in academic journals including Financial Management, Engineering Economist, Journal of Financial and Quantitative Analysis, Business Economics, and many others.
Dr. Scott's op-ed and research pieces have appeared in several leading outlets intended for consumer and practitioner audiences. These include USA Today, The Miami Herald, The St. Petersburg Times, Florida Today, Orlando Sentinel, and Florida Trend.
"About this title" may belong to another edition of this title.
- PublisherPearson College Div
- Publication date2002
- ISBN 10 0131825038
- ISBN 13 9780131825031
- BindingHardcover
- Number of pages566
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