Higher Education

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Financial Management: Theory and Practice

Author(s): Eugene F. Brigham | Michael C. Ehrhardt

ISBN: 9789391566111

15th Edition

Copyright: 2017

India Release: 2021

₹1150

Binding: Paperback

Pages: 1220

Trim Size: 254 x 203 mm

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The only text to strike a balance between solid financial theory and practical applications, Brigham/Ehrhardt’s FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 15e gives you a thorough understanding of the essential concepts you need to develop and implement effective financial strategies. The book begins with a presentation of corporate finance fundamentals before progressing to discussions of specific techniques used to maximize the value of a firm. It also explores the recent financial and economic crises and the role of finance in the business world. With its relevant and engaging presentation, numerous examples, and emphasis on Excel usage, this text serves as a complete reference tool for you in your academic or business career.

  • Organized to address key concepts and essential topics within the first 17 chapters, the text ensures your students receive the coverage they need whether you teach a one-semester or two-semester course. Later chapters provide more advanced and expanded treatment of topics to build upon earlier material and increase student mastery of concepts.
  • This premier authorship team combines the extensive teaching background and more than 30 years of text writing experience of Dr. Gene Brigham with the contemporary scholarship and practical, professional expertise of Dr. Mike Ehrhardt. Together, these authors deliver a consistent, accurate and innovative approach that will keep your students first in finance.
  • Updated, timely real-world examples throughout almost every chapter demonstrate the impact of today’s financial crisis in all areas of business and life. The “Global Economic Crisis" boxes in many chapters highlight specific finance issues related to today’s economic environment.
  • Reflecting the latest headlines, up-to-date coverage is packed with real-world illustrations and gives students in-depth insight into this key topic.
  • A refreshed, easier-to-read interior design makes the title more accessible and student friendly than ever.

PART 1 THE COMPANY AND ITS ENVIRONMENT

1 An Overview of Financial Management and the Financial Environment

2 Financial Statements, Cash Flow, and Taxes

3 Analysis of Financial Statements

PART 2 FIXED INCOME SECURITIES

4 Time Value of Money

5 Bonds, Bond Valuation, and Interest Rates

PART 3 STOCKS AND OPTIONS

6 Risk and Return

7 Corporate Valuation and Stock Valuation

8 Financial Options and Applications in Corporate Finance

PART 4 PROJECTS AND THEIR VALUATION

9 The Cost of Capital

10 The Basics of Capital Budgeting: Evaluating Cash Flows

11 Cash Flow Estimation and Risk Analysis

PART 5 CORPORATE VALUATION AND GOVERNANCE

12 Corporate Valuation and Financial Planning

13 Corporate Governance

PART 6 CASH DISTRIBUTIONS AND CAPITAL STRUCTURE

14 Distributions to Shareholders: Dividends and Repurchases

15 Capital Structure Decisions

PART 7 MANAGING GLOBAL OPERATIONS

16 Supply Chains and Working Capital Management

17 Multinational Financial Management

PART 8 TACTICAL FINANCING DECISIONS

18 Public and Private Financing: Initial Offerings, Seasoned Offerings, and Investment Banks

19 Lease Financing

20 Hybrid Financing: Preferred Stock, Warrants, and Convertibles

PART 9 STRATEGIC FINANCE IN A DYNAMIC ENVIRONMENT

21 Dynamic Capital Structures and Corporate Valuation

22 Mergers and Corporate Control

23 Enterprise Risk Management

24 Bankruptcy, Reorganization, and Liquidation

PART 10 SPECIAL TOPICS

25 Portfolio Theory and Asset Pricing Models

26 Real Options

APPENDICES

APPENDIX A Solutions to Self-Test Problems

APPENDIX B Answers to End-of-Chapter Problems

APPENDIX C Selected Equations

APPENDIX D Values of the Areas under the Standard Normal Distribution Function

WEB CHAPTERS:

27 Providing and Obtaining Credit

28 Advanced Issues in Cash Management and Inventory Control

29 Pension Plan Management

30 Financial Management in Not-for-Profit Businesses

Eugene F. Brigham, University of Florida

Dr. Eugene F. Brigham is graduate research professor emeritus at the University of Florida, where he has taught since 1971.

Dr. Michael C. Ehrhardt

Dr. Michael C. Ehrhardt is a Professor Emeritus and current faculty member in two Executive MBA programs at the University of Tennessee.