Enables students in an introductory MBA course in finance to see how analytical techniques are brought to bear on financial decision making and to evaluate how close a firm's investment, financing, and dividend decisions come to an objective of maximizing shareholder wealth. Three new cases deal with setting up cash flows for capital budgeting along with payback, IRR, and NPV calculations; comprehensive long-term financing; and financial rations. A laminated calculator guide for financial management is included. Annotation c. by Book News, Inc., Portland, Or.
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Highly respected for its effective integration of financial theory and practice, this classic text explores financial theory as it relates to a corporation's investment in assets, financing, and dividends (and their relation to maximizing shareholder wealth). In addition it applies financial analysis and analytical techniques to financial decision making -- with an emphasis on formulating alternatives, analyzing them, and reaching a decision. The text also highlights the rich institutional environment in which financial decisions are made -- capturing the changing regulatory, tax, and economic, environment and considers the globalization of finance.
This book is highly respected for its effective integration of financial theory and practice. This classic book explores the rapidly evolving and exciting theory of finance as it relates to a corporation's investment in assets, financing, and dividends. It explains the ways in which analytical techniques are brought to bear on financial decision making, and supplies the institutional material necessary for a solid understanding of the environment in which financial decisions are made. For anyone interested in the world of finance.
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