Foundations of finance : the logic and practice of financial management

書誌事項

Foundations of finance : the logic and practice of financial management

Arthur J. Keown ... [et al.]

Prentice Hall, 1994

  • : pbk.

大学図書館所蔵 件 / 12

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注記

Includes bibliographical references and index

内容説明・目次

巻冊次

: pbk. ISBN 9780131768437

内容説明

The core topics of finance are here presented in 18 chapters. Nine of these are introduced in the first chapter and revisited throughout the text, to present an integrated view of finance and aid in problem solving. The ethics of international finance are considered in the light of practical applications. In-text problems correspond to Disclosure software.

目次

  • An introduction to the foundations of finance - the ties that bind
  • the financial markets and interest rates
  • financial statements and evaluation performance
  • financial forecasting, planning and budgeting
  • the time value of money
  • the meaning and measurement of risk
  • valuation and characteristics of fixed income securities
  • valuation and characteristics of common stock
  • capital budgeting techniques and practice
  • cash flows and other topics in capital budgeting
  • cost of capital
  • determining the financing mix
  • dividend policy
  • introduction to working capital management
  • liquid asset management
  • international financial management
  • changes and challenges in finance.
巻冊次

ISBN 9780132110204

内容説明

The first to answer the need for a briefer finance text, this text consists of eighteen chapters covering the core topics of finance. Nine fundamental axioms of finance are introduced in the first chapter and revisited throughout the text to present an integrated view of finance and aid in problem solving. International finance, ethics, and practical applications are integrated, in-text problems correspond to Disclosure software, and the use of the financial calculator is incorporated.

目次

(NOTE: At least one of the nine axioms of financial management will be addressed in and related to the material in every chapter.) 1. Introduction to Foundations of Financial Management -- The Ties that Bind. Goal of the Firm. Legal Forms of Business Organizations. Federal Income Taxation. Nine Axioms that form the Foundations of Financial Management. Overview of the Text. 2. The Financial Markets and Interest Rates. The Mix of Corporate Securities Sold in the Capital Market. Why Financial Markets Exist. Financing of Business: The Movement of Funds Through the Economy. Components of the U. S. Financial Market System. The Investment Banker. Private Placements. Flotations Cost. Regulation. More Recent Regulatory Developments. Rates of Return in the Financial Markets. Interest Rate Determinants in a Nutshell. The Term Structure of Interest Rates. 3. Evaluating a Firm's Financial Performance and Measuring Cash Flow. Basic Financial Statements. Financial Ratio Analysis. 4. Financial Forecasting, Planning, and Budgeting. Financial Forecasting. Financial Planning and Budgeting. Computerized Financial Planning. 5. The Time Value of Money. Compound Interest. Compound Interest with Non-Annual Periods. Present Value. Annuities. Amortized Loans. Present Value of an Uneven Stream. Perpetuities. 6. Valuation and Characteristics of Bonds. Definitions of Value. Valuatiion: An Overview. Valuation: The Basic Process. Terminology and Characteristics of Bonds. Typed of Bonds. Bond Valuation. Bondholder's Expected Rates of Return. Bond Valuation: Three Important Relationships. 7. Valuation and Characteristics of Stock. Preferred Stock. Common Stock. Stockholder's Expected Rate of Return. 8. The Meaning and Measurement of Risk and Return. Expected Return. Risk. The Investor's Required Rate of Return. Fama and French: What Now? Rates of Return: The Investor's Experience. 9. Capital-Budgeting Techniques and Practice. Finding Profitable Projects. Capital-Budgeting Decision Criteria. Capital Rationing. Ethics in Capital Budgeting. A Glance at Actual Capital- Budgeting Practices. 10. Cash Flows and Other Topics in Capital Budgeting. Guidelines for Capital Budgeting. Measuring a Project's Benefits and Costs. Risk and the Investment Decision. Methods for Incorporating Risk into Capital Budgeting. The Risk-Adjusted Discount Rate and Measurement of a Project's Systematic Risk. Examining a Project's Risk Through Simulation. 11. Cost of Capital. The Cost-of-Capital Concept. Factors Determining the Cost-of-Capital Sources. Assumptions of the Weighted Cost-of-Capital Model. Computing the Weighted Cost of Capital. Marginal Cost of Capital: A Comprehensive Example. A Firm's Cost of Capital: Recent Evidence. 12. Determining the Financing Mix. Business and Financial Risk. Breakeven Analysis. Operating Leverage. Financial Leverage. Combinination of Operating and Financial Leverage. A Quick Look at Capital Structure Theory. Basic Tools of Capital Structure Management. A Glance at Actual Capital Structure Management. 13. Dividend Policy and Internal Financing. Key Terms. Does Dividend Policy Affect Stock Prices? The Dividend Decision in Practice. Dividend Payment Procedures. Stock Dividends and Stock Splits. Stock Repurchases. 14. Introduction to Working-Capital Management. Managing Current Assets and Liabilities. Appropriate Level of Working Capital. Estimation of the Cost of Short-Term Credit. Sources of Short-Term Credit. 15. Liquid Asset Management. Why a Company Holds Cash. Cash Management Objectives and Decisions. Collection and Disbursement Procedures. Evaluation of Costs of Cash-Management Services. Composition of Marketable Securities Portfolio. Accounts Receivable Management. Inventory Management. Jus-in-Time Inventory Control. 16. International Business Finance. Principles of International Trade. Problems in International Financial Management. 17. Changes and Challenges In Finance. Recent Innovations in Risk Management. Finance in the 90's: The Consequences of Financial Innovation in Corporated Restructuring. Recent Innovations in Raising Capital: Hybrid Securities. The Agency Problem: Changes and Challenges. The CAPM and Market Efficiency: The Challenges from Academia. Appendices: Using a Calculator. Compound Sum of $1. Present Value of $1. Sum of an Annuity of $1 for n Periods. Present Value of an Annuity of $1 for n Periods. Check Figures for Selected End-of-Chapter Problems. Glossary. Index.

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詳細情報

  • NII書誌ID(NCID)
    BA2270140X
  • ISBN
    • 0132110202
    • 0131768433
  • LCCN
    93004329
  • 出版国コード
    us
  • タイトル言語コード
    eng
  • 本文言語コード
    eng
  • 出版地
    Englewood Cliffs, N.J.
  • ページ数/冊数
    xiv, 601, [35] p.,
  • 大きさ
    25 cm
  • 分類
  • 件名
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