Corporate Finance and Investment, plus MyFinanceLab with Pearson eText

Richard Pike is a Chartered Accountant and Professor of Finance at the Bradford University School of Management Bill Neale is Associate Reader in Financial Management at the University of Bournemouth Institute of Business & Law. He is an experienced teacher, consultant and writer, and is the co-author, with Trefor McElroy, of the Pearson Education text Business Finance: A Value-Based Approach. Philip Linsley trained as a Chartered Accountant and is a Senior Lecturer in Accounting and Finance at the University of York. His research interests include Risk Disclosure, Risk and Accounting, and Risk Management Systems.

List of figures and tables

Preface
Guided tour
Using MyFinanceLab
Acknowledgements
Publisher's acknowledgements

Part I A Framework for Financial Decisions
1 An overview of financial management
2 The financial environment
3 Present values, and bond and share valuation

Part II Investment Decisions and Strategies
4 Investment appraisal methods
5 Project appraisal - applications
6 Investment strategy and process

Part III Value, Risk and the Required Return
7 Analysing investment risk
8 Relationships between investments: portfolio theory
9 Setting the risk premium: the Capital Asset Pricing Model
10 The required rate of return on investment
11 Enterprise value and equity value
12 Identifying and rating options

Part IV Short-Term Financing and Policies
13 Risk and treasury management
14 Short-term asset management
15 Short- and medium-term finance

Part V Strategic Financial Decisions
16 Long-term finance
17 Returning value to shareholders: the divident decision
18 Capital structure and the required return
19 Does capital structure really matter?
20 Acquisitions and restructuring

Part VI International Financial Management
21 Managing currency risk
22 Foreign investment decision
23 Key issues in modern finance: a review

Appendix A Solutions to self-assessment activities
Appendix B Solutions to selected questions
Appendix C Present value interest factor (PVIF)
Appendix D Present value interest factor for an annuity (PVIFA)

Glossary
References
Index