Basic Financial Management - Softcover

Martin, John D.; Petty, J.William; Keown, Arthur J.; Scott Jr, David F.

Softcover

ISBN 10: 0130609145 ISBN 13: 9780130609144

Publisher: Pearson Higher Education, 1991

Synopsis

The fifth edition of this text has a revised chapter sequence which places valuation earlier in the book. It offers an increased emphasis on the capital market's influence on corporate decisions, has an increased number of basic financial management inserts and incorporates a new section on readings in finance. It also suggests starting points for considering ethical issues related to financial decision-making, contains a new introductory section on capital markets, updates the section on taxes to reflect current tax revisions, compares basic differences in taxes across borders and discusses alternative methods for estimating a project's systematic risk through the use of accounting data as well as the proxy or pure play method. The presentation of capital markets is expanded to include junk bonds, Eurobonds and dual-class recapitalizations. The restructuring of firms is examined and there is a new section on how mergers and acquisitions can enhance business value.

About this title

From the Publisher

This book provides an introduction to financial decision making that is rooted both in current financial theory and world economic conditions. The text presents ten basic principles (or axioms) of finance in the opening chapter and weaves these concepts throughout the book. The student is presented with a cohesive, interrelated subject from which future, as yet unknown problems can be approached. The authors' goal is to provide a cohesive and enduring understanding of the basic tools and fundamental principles upon which finance is based.

From the Back Cover

This complete, easy-to-follow, step-by-step introduction to financial decision-making is rooted both in current financial theory and world economic conditions. It explores both the basic tools and fundamental principles upon which finance is based, and gives readers an exceptionally strong intuitive foundation in the logic that drives finance and the interrelationships among its many cutting-edge theories and practices. Presents and explores Ten Axioms of Finance, emphasizes actual business practices, and provides an abundance of real-world examples, many of well-known companies. Covers: The Role of Financial Markets and Interest Rates in Financial Management; Evaluating Financial Performance; Financial forecasting, Planning, and Budgeting; Mathematics of Finance; Risk and Rates of Return; Bond Valuation; Stock Valuation; Capital-Budgeting Techniques; Cash Flow and Other Topics in Capital Budgeting; Capital Budgeting and Risk Analysis; Cost of Capital; Analysis and Impact of Leverage; Planning the Firm's Financing Mix; Dividend Policy and Internal Financing; Working Capital Management and short-Term Financing; Cash and Marketable Securities Management; Accounts Receivable, Inventory, and Total Quality Management; Term Loans and Leases; The Use of Futures, Options, and Currency Swaps to Reduce Risk; Corporate Restructuring: Combinations and Divestitures; and International Business Finance. For anyone needing a solid, intuitive, introduction to Basic Financial Management.

Edition details

• Publisher: Pearson Higher Education
• Publication date: 1991
• Language: English
• ISBN 10: 0130609145
• ISBN 13: 9780130609144
• Binding: Paperback
• Edition number: 5