Financial Management EMEA: Theory and Practice

ISBN-13: 9781473760219 / Angielski / Miękka / 2019

Michael Ehrhardt (University of Tennesse; Uni Roland Fox (Salford Business School;Eugene Brigham (University of Florida)

Opis

The second Europe, Middle East and Africa edition of this text combines the 40-year heritage of Brigham's expertise in international financial management with Fox's professional experience in the field. Financial Management: Theory and Practice equips students with a solid understanding of essential theoretical concepts as well as practical tools to assess and implement effective financial decisions. The unifying theme is corporate valuation and its relevance to financial decisions--ensuring students comprehend the details and the big picture. Chapters proceed from fundamentals to strategic finance, linking recent events to the role of finance in business and to your personal lives.

Spis treści

Part I: The Company and its Reporting Environment 1. Central Concepts in Finance and Financial Management 2. Understanding Financial Statements Part 1: The Overall Structure 3. Understanding Financial Statements Part 2: Analysing and Managing the Accounts Part II: Fixed Income Securities: An Introduction to Valuation 4. The Time Value of Money 5. Bonds and Bond Management Part III: Shares and Derivatives 6. Risk and Return 7. Market Efficiency and Behavioural Finance: understanding share price behaviour 8. Valuation of Shares and Companies 9. Financial Derivatives and Applications in Corporate Finance Part IV: Projects and their Valuation 10. Project Cost of Capital 11. Capital Budgeting: Evaluation of Cash Flows Part V: Corporate Governance Issues 12. Agency Conflicts and Corporate Governance 13. Enterprise Risk Management 14. Islamic Finance 15. Bankruptcy, Reorganization and Liquidation Part VI: Financial Decisions 16. Distributions to Shareholders: Dividends and Repurchases 17. Capital Structure Decisions 18. Public and Private Financing: Initial Offerings, Seasoned Offerings and Investment Banks 19. Other finance: leases, preference shares, warrants and convertibles 20. Mergers and Corporate Control Part VII: The International Financial Environment 21. Multinational Financial Management

O autorze

Dr. Michael C. Ehrhardt is a professor emeritus at the University of Tennessee. He received a B.S. in civil engineering and a B.A. in economics at Swarthmore College. After earning an M.S. in industrial management from the Georgia Institute of Technology, he worked several years as an engineer. He returned to Georgia Tech and graduated with an M.S. in operations research and Ph.D. in finance. Dr. Ehrhardt has taught extensively at the undergraduate, master's and doctoral levels in the areas of investments, corporate finance and capital markets. He has directed and served on numerous dissertation committees. Dr. Ehrhardt consults in the areas of corporate valuation, value-based compensation plans and the cost of capital. His honors include the Allen G. Keally Outstanding Teacher Award, the Tennessee Organization of M.B.A. Students Outstanding Faculty Award, the College of Business Administration Research & Teaching Award and the John B. Ross Outstanding Teaching Award in the College of Business. An author and co-author of several leading books addressing various areas of finance, Dr. Ehrhardt s interests include corporate valuation and asset pricing models, including pricing models for interest-rate sensitive instruments. His work has been published in numerous journals, including The Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, The Financial Review, The Journal of Financial Research and The Journal of Banking and Finance. Roland Fox graduated from Manchester University in Accounting and Finance and joined PricewaterhouseCoopers. He subsequently worked in the actuarial department of a multinational company and as a management accountant for Invensys Ltd (prior to it becoming Schneider Electric), before taking up a lecturing post. Until 2022, he was a Senior Lecturer in Finance at Salford University. He has published a number of papers on management accounting, finance and education. Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham received his M.B.A. and Ph.D. from the University of California Berkeley and his undergraduate degree from the University of North Carolina. Prior to joining the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin, and the University of California Los Angeles. Dr. Brigham has served as president of the Financial Management Association and has written more than 40 journal articles on the cost of capital, capital structure, and other aspects of financial management. He authored or co-authored ten textbooks on managerial finance and managerial economics and they have also been translated into 11 languages worldwide. He has served as a consultant to many corporations and government agencies.