Corporate Finance

European Edition
European Auflage
ISBN: 978-0-470-68370-5
Verlag: Wiley

Buch, Englisch, 976 Seiten, Format (B × H): 189 mm x 246 mm, Gewicht: 1814 g

Adopting a modular format, Corporate Finance is the only text you will need for your finance students to succeed.

Corporate Finance helps students develop the intuition and analytical skills necessary to effectively apply financial tools in real-world decision-making situations. The authors provide a fully integrated framework for understanding how value creation relates to all aspects of corporate finance; whether it be evaluating an investment opportunity, determining the appropriate financing for a business, or managing working capital. This unique and integrated framework also provides robust coverage of problem solving and decision-making skills.

An essential resource featuring video clips on topical issues from the world of international finance, as well as questions for classroom discussion is available to aid teaching: www.wileyfinanceupdates.com – subscribe today!

Autoren/Hrsg.

Moles, Peter

Parrino, Robert

Kidwell, David S.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung

Inhaltsverzeichnis

Preface xxvii

Organisation and coverage xxix

Proven pedagogical framework xxxii

Instructor and student resources xxxvi

Acknowledgements xxxviii

PART 1 INTRODUCTION 1

CHAPTER 1 The Financial Manager and the Firm 2

PART 2 FOUNDATIONS 37

CHAPTER 2 The Financial Environment and the Level of Interest Rates 38

CHAPTER 3 Financial Statements, Cash Flows and Taxes 69

CHAPTER 4 Analysing Financial Statements 112

PART 3 VALUATION OF FUTURE CASH FLOWS AND RISK 161

CHAPTER 5 The Time Value of Money 162

CHAPTER 6 Discounted Cash Flows and Valuation 198

CHAPTER 7 Risk and Return 241

CHAPTER 8 Bond Valuation and the Structure of Interest Rates 288

CHAPTER 9 Share Valuation 327

PART 4 CAPITAL BUDGETING DECISIONS 361

CHAPTER 10 The Fundamentals of Capital Budgeting 362

CHAPTER 11 Cash Flows and Capital Budgeting 408

CHAPTER 12 Evaluating Project Economics and Capital Rationing 456

CHAPTER 13 The Cost of Capital 492

PART 5 WORKING CAPITAL MANAGEMENT AND FINANCING DECISIONS 531

CHAPTER 14 Working Capital Management 532

CHAPTER 15 How Firms Raise Capital 571

CHAPTER 16 Capital Structure Policy 618

CHAPTER 17 Dividends and Dividend Policy 658

PART 6 BUSINESS FORMATION, VALUATION AND FINANCIAL PLANNING 687

CHAPTER 18 Business Formation, Growth and Valuation 688

CHAPTER 19 Financial Planning and Forecasting 734

PART 7 CORPORATE RISK MANAGEMENT AND INTERNATIONAL DECISIONS 777

CHAPTER 20 Corporate Risk Management 778

CHAPTER 21 International Financial Management 837

APPENDIX A Present Value and Future Value Tables 887

APPENDIX B Solutions to Selected Questions and Problems 892

Glossary 903

Subject Index 915

Company Index 931

Über Autor(innen)

Peter Moles is the joint (principal) author of The Handbook of International Financial Terms, (Oxford University Press, 1997). He has written all or part of the following distance learning modules used by Edinburgh Business School: Financial Risk Management; Derivatives; Credit Risk Management (jointly authored); Mergers and Acquisitions (wrote the sections on corporate valuation, merger tactics and due diligence).
Published academic papers on: Project evaluation; Currency risk management; Real options; Use of derivatives; Short selling.
Prior to joining the University of Edinburgh, he worked in international banking for Chase Manhattan in London, Mitsubishi Finance and Nikko Securities, and before that he worked as a corporate finance consultant for a small private boutique.