Corporate Finance and Investment (9th Ed.)
Decisions and Strategies

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Language: English
Cover of the book Corporate Finance and Investment

Subjects for Corporate Finance and Investment

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880 p. · 19.6x26.9 cm · Paperback

Understand and develop the tools to apply the principles of Corporate Finance from an international perspective with this leading text.

Corporate Finance and Investment: Decisions and Strategies, 9th Edition is the latest version of this highly regarded and established text, coming from a team of leading experts in the field.

The text studies the discipline from an international perspective, aiming to help you understand the fundamental principles of Corporate Finance and develop the tools you need to apply theory to practice.

The latest, thoroughly revised Edition includes topical issues in valuation, working capital, capital structure, the dividend decision, Islamic Finance, Risk Management, and Behavioural Finance.

Focusing on the strategic issues of Finance in a business setting, this must-read text uses the latest financial and accounting data, articles, and research papers, to effectively demonstrate the ways and extent you can apply theory to practical issues.

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Package consists of:

  • 9781292208541 Corporate Finance and Investment, 9th Edition
  • 9781292234915 Corporate Finance and Investment, 9th Edition MyLab® Finance
  • 9781292244228 Corporate Finance and Investment, 9th Edition Pearson eText

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List of figures and tables

Preface

Authors' acknowledgements

Publisher's acknowledgements

Part I A framework for financial decisions

  1. An overview of financial management
  2. The financial environment
  3. Present values, and bond and share valuation

Part II Investment decisions and strategies

  1. Investment appraisal methods
  2. Project appraisal – applications
  3. Investment strategy and process

Part III Value, risk and the required return

  1. Analysing investment risk
  2. Relationships between investments: portfolio theory
  3. Setting the risk premium: the Capital Asset Pricing Model (CAPM)
  4. The required rate of return on investment
  5. Enterprise value and equity value
  6. Identifying and valuing options

Part IV Short-term financing and policies

  1. Risk and treasury management
  2. Working capital and short-term asset management
  3. Short- and medium-term finance

Part V Strategic financial decisions

  1. Long-term finance
  2. Returning value to shareholders: the dividend decision
  3. Capital structure and the required return
  4. Does capital structure really matter?
  5. Acquisitions and re-structuring

Part VI International financial management

  1. Managing currency risk
  2. Foreign investment decisions
  3. Key issues in modern finance: a review

Appendix A Solutions to self-assessment activities

Appendix B Solutions to selected questions

Appendix C Present value interest factor (PVIF)

Appendix D Present value interest factor for an annuity (PVIFA)

Glossary

References

Index

Richard Pike is Emeritus Professor of Finance at the School of Management, University of Bradford.

Bill Neale has lectured and researched at several UK Universities and is now freelancing.

Saeed Akbar is a Professor in Accounting and Finance at the Hull University Business School, University of Hull.

Philip Linsley is a Professor in Accounting and Finance at the University of York.

Hallmark features of this title

Help students apply key concepts to a broad range of contemporary management and business policy issues.

  • Mini case studies: Allow your students to explore the practical applications of financial theory to well-known companies.
  • An international perspective: Access contemporary content that reflects recent developments from an international perspective.

Encourage students to examine financial issues from a managerial perspective.

  • A strategic focus: Challenge your students' thinking with a text that relates and integrates financial management with managerial decision-making and corporate planning.
  • Clear and accessible style: Engage students with a descriptive textbook, offering worked examples and illustrations to support their understanding of the concepts.