Buch, Englisch, 832 Seiten, Format (B × H): 224 mm x 277 mm, Gewicht: 1678 g
Buch, Englisch, 832 Seiten, Format (B × H): 224 mm x 277 mm, Gewicht: 1678 g
ISBN: 978-0-470-44464-1
Verlag: WILEY
Autoren/Hrsg.
Weitere Infos & Material
PART 1 THE FINANCIAL ENVIRONMENT 1
CHAPTER 1 An Introduction to Finance 2
1.1 What is finance? 3
1.2 Financial instruments and markets 6
1.3 The global financial crisis 15
Appendix 1A Careers in Finance 29
CHAPTER 2 Financial Management 33
2.1 Forms of business organizations 34
2.2 The goals of the business enterprise 42
2.3 The role of management and agency issues 45
2.4 Financial management 49
Case 2.1 The Tex Tech Company 55
Case 2.2 To invest or not to invest 56
PART 2 FINANCIAL ANALYSIS 57
CHAPTER 3 Financial Statements 58
3.1 Accounting principles 59
3.2 Financial statements 64
3.3 The tax system 79
Case 3.1 Finns' Fridges 92
Case 3.2 Charlotte Honey Bee Company 93
CHAPTER 4 Financial Statement Analysis 94
4.1 A framework for financial analysis 95
4.2 Financial ratios 99
4.3 Using financial ratios 120
Case 4.1 Ratio Analysis of the Backup Zone 137
Case 4.2 Applying Altman's Model to IBM 138
PART 3 THE BASICS OF VALUATION 139
CHAPTER 5 The Time Value of Money 140
5.1 Time is money 141
5.2 Annuities and perpetuities 157
5.3 Nominal and effective rates 168
5.4 Applications 173
Case 5.1 Saving for retirement, considering differentscenarios 191
Case 5.2 Evaluating an investment 191
CHAPTER 6 Debt Valuation and Interest Rates 192
6.1 The basics of bonds 193
6.2 Bond valuation 200
6.3 Bond yields 211
6.4 Government debt obligations 217
6.5 Interest rates 223
Case 6.1 Slice & Dice 236
CHAPTER 7 Equity Valuation 237
7.1 Equity securities 238
7.2 Discounted cash flow approaches to valuing equity 242
7.3 Using multiples to value equity 258
Case 7.1 Big G Company 273
Case 7.2 The Denver Company 273
Case 7.3 Nova Lobster Company 274
Appendix 7A A Short Primer on Bubbles 275
PART 4 CAPITAL MARKET THEORY AND FINANCIAL MANAGEMENT277
CHAPTER 8 Risk, Return, and Portfolio Theory 278
8.1 Measuring returns 279
8.2 Measuring risk 289
8.3 Expected return and risk for portfolios 293
8.4 The efficient frontier 305
8.5 Diversification 309
8.6 A comprehensive example 312
The standard deviation 313
Case 8.1 The Boise Boyz Company 324
CHAPTER 9 Asset Pricing 325
9.1 The efficient frontier 326
9.2 The capital asset pricing model 332
9.3 The CAPM and market risk 337
9.4 Alternative asset pricing models 347
9.5 Market efficiency 350
9.6 Behavioral finance and financial management 358
Case 9.1 Morgantown Company Stock 368
Case 9.2 JPMorgan Chase's Sinking Profit 369
PART 5 LONG-TERM INVESTMENT DECISIONS 371
CHAPTER 10 Capital Budgeting Decisions 372
10.1 The capital budgeting process 373
10.2 Evaluating investment projects 377
10.3 Special issues 397
Case 10.1 The Austin Saddle Company Expansion 412
Appendix 10A Dealing with unequal lives 413
CHAPTER 11 Capital Budgeting: Cash Flows and Risk 417
11.1 Identifying relevant cash flows 418
11.2 Estimating cash flows 423
11.3 Sensitivity to inputs 432
11.4 Replacement decisions 438
11.5 Inflation and capital budgeting 441
Case 11.1 The Jam Music Company 449
Case 11.2 Can Tax Credits Make Solar Panels Profitable? 450
Appendix 11A Integrative Problem: Dazzle 451
PART 6 LONG-TERM FINANCING 457
CHAPTER 12 Debt Instruments 458
12.1 What is debt? 459
12.2 Short-term instruments 460
12.3 Long-term instruments 470
12.4 Bond ratings 474
Case 12.1 General Electric's Bond Rating Downgrade 484
CHAPTER 13 Equity and Hybrid Instruments 487
13.1 Shareholders' equity 488
13.2 Common equity 492
13.3 Preferred equity 495
13.4 Hybrid securities 501
Case 13.1 Angel Financing and St. Paul 508
CHAPTER 14 Cost of Capital 509
14.1 The marginal cost of capital schedule 510
14.2 Estimating the weights 512
14.3 Estimating the costs of capital 516
14.4 Assembling the pieces 528
Case 14.1 The Lazquez Company 540
Case 14.2 The Cost o
