Small firm finance : an entrepreneurial perspective

書誌事項

Small firm finance : an entrepreneurial perspective

Jerome S. Osteryoung, Derek L. Newman, Leslie G. Davies

(The Dryden Press series in finance)

Dryden Press, c1997

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注記

Includes bibliographical references and index

内容説明・目次

内容説明

While small businesses share many of the problems of their larger counterparts, in terms of financial management, the smaller firm faces issues uniquely its own. A first of its kind, Small Firm Finance addresses finance from the small business and entrepreneurial perspective, not from the perspective of the corporate goliaths. Written by a world-renowned author team, the text introduces students to the essential principles of small business finance, applying general financial theory where applicable as well as focusing on small business specific issues, such as options for sources of capital. Features: * Combining real world application with current trends and issues, a continuous case is integrated with chapter concepts throughout the text. Focusing on the financials of Dave's Bike Shop, the continuous case enables students to follow and analyze the same firm and its financial issues as text topics progress. * Extremely student friendly, the text presents small firm finance topics and analysis in an easy-to-read format and style. * The text begins with the authors' explaining the unique organization form and objectives of the small firm, establishing the fundamental differences between big business and small business in terms of financial management. * Chapter 5 introduces the process of financial planning and explains the notion of risk. * Small-business working capital policies - the lifeline to small business survival - are discussed in Chapter 6. * Chapter 10 introduces students to business valuation topics, covering the economic basis for valuation, factors influencing value, methods of valuation and steps in the valuation process. * Giving the text a truly global perspective, Chapter 11 'Financial Aspects of International Trade' focuses on the issues involved in conducting business overseas, including such topics as international business risk assessment, foreign exchange markets, hedging, sources of finance, and alternative methods of financing. * Chapter 12 'Finance and the Entrepreneur' goes beyond the surface of business ownership, delving into such real world issues as lifestyles, harvest and succession. The chapter also deals with the small-business options available through franchising and venture capital. * End of chapter assignments employ the use of spreadsheet applications such as Lotus 1-2-3, QuattroPro or Excel. * Each chapter begins with an 'Objectives' checklist and ends with 'Concepts Checks', ensuring better student comprehension of key chapter concepts. * An authority on small firm finance, Dr. Osteryoung is director of Florida State University's Entrepreneurship and Small Business Management program and director of the Jim Moran Institute for Global Entrepreneurship. He is also president of the Academy of Entrepreneurial and Small Firm Finance. * Packed with practical, real world application for small business owners, Small Firm Finance is ideal for senior level and graduate students as the main text or supplement in finance and entrepreneurship courses, as well as for practising entrepreneurs.

目次

Introduction: What Is a Small Business? The Need for Personal Guarantees. Small Business and Entrepreneurial Activity. Forms of Small Business. The Objectives of a Small Business. Financial Statements: The Income Statement and Balance Sheet: Introduction to Financial Reporting. The Income Statement. The Balance Sheet. Financial Statements: Conventions and Cash Flows: The Terminology and Process of Accounting. The Nature of Book Values. Working Capital and Cash Flows. Other Reports. Performance Analysis: Introduction to Measuring Performance. Structural, Interstatement and Trend Analysis. Short Term Solvency Ratios. Activity Ratios. Financial Structural Ratios. Profitability Ratios. Valuation Measures. Financial Leverage. Risk. Performance - The Critical Elements. Financial Planning: Introduction. Breakeven Analysis. The Nature of Risk. Budgeting. Growth and Failure: The Business Life Cycle. Budgeting with Prior Information. Budgeting Without Prior Information. Budgeting: The Percent of Sales Technique. Sourcing Extra Funds Needed. Capital: Introduction. Terms and Concepts Related to Working Capital. Cash Management. Managing Accounts Receivable. Inventory Management. Liabilities. Long Term Asset Decisions: Introduction. Capital Budgeting. The Investment Process and the Capital Budget. Project Evaluation. Time Value of Money. Cash Flows. The Discount Factor. Financial Investment Evaluation: Introduction. Investment Techniques Ignoring the Time Value of Money. Time Value Techniques. Difficulties with DCF Techniques. Risk Revisited. Post Audit Evaluation. Obtaining Funds. Introduction. Sources of Equity. Quasi-Equity. Sources of Debt. Dealing with a Banker. Leasing. The Capital Structure Decision. The Complication of Dividend Policy. Business Valuation: Introduction. The Economic Basis for Valuation. The Role of Comparables. General Factors Influencing Value. Methods of Valuation. Steps in the Valuation Process. Types of Valuation. The Valuation Equality and Goodwill. The Minority Discount and the Control Premium. Financial Aspects of International Trade. Introduction. International Business Risk Management. International Trade Documentation. Foreign Exchange. The Foreign Exchange Markets. Hedging as a Risk Reduction Strategy. The Economics of Foreign Exchange. Sources of Finance. Alternative Methods of Financing. Cash Flow Management. Finance and the Entrepreneur. Entrepreneur: Entrepreneurs and Lifestyles. Franchising. Venture Capital. Harvesting Returns. Family Issues. Appendices.

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詳細情報

  • NII書誌ID(NCID)
    BA40889189
  • ISBN
    • 0030982200
  • LCCN
    95067390
  • 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
    Fort Worth
  • ページ数/冊数
    xxi, 394 p.
  • 大きさ
    24 cm
  • 分類
  • 件名
  • 親書誌ID
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