Corporate Finance - Denzil Watson, Antony Head

Corporate Finance

Principles and Practice
Buch | Softcover
520 Seiten
2016 | 7th edition
Pearson Education Limited (Verlag)
978-1-292-10303-7 (ISBN)
83,35 inkl. MwSt
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“Strikes the right balance between the theoretical concepts and their applications”

Ortenca Kume, University of Kent

 

“Written in a refreshing, crisp and precise manner”

Jan Schnitzler, VU University Amsterdam

 

In this new and fully updated Seventh Edition of Corporate Finance: Principles and Practice, the key principles and mathematical techniques are clearly explained step–by-step and put into practice through numerous vignettes which take a closer look at real-world and well-known companies.

 

What’s new?



Chapter vignettes refreshed to reflect the current economic and financial climate,


along with accompanying questions aiming to deepen student's knowledge of key


contemporary issues 


All data and tables updated to reflect current trends in key economic variables and


developments in corporate finance


Chapter 1 revised to reflect recent developments in corporate governance


Chapter 11 updated to take account of the changes in UK anti-trust regulation



Denzil Watson and Antony Head are Principal Lecturers in Sheffield Business School at Sheffield Hallam University. They have extensive experience of teaching corporate finance, managerial finance and strategic financial management in a wide range of courses at undergraduate, postgraduate and professional level.

Preface

Acknowledgements

1 The finance function

Learning objectives

Introduction

1.1 Two key concepts in corporate finance

1.2 The role of the financial manager

1.3 Corporate objectives

1.4 How is shareholder wealth maximised?

1.5 Agency theory

1.6 Corporate governance

1.7 Conclusion

Key points

Self-test questions

Questions for review

Questions for discussion

References

Recommended reading

2 Capital markets, market efficiency and ratio analysis

Learning objectives

Introduction

2.1 Sources of business finance

2.2 Capital markets

2.3 Capital market efficiency

2.4 Assessing financial performance

2.5 Conclusion

Key points

Self-test questions

Questions for review

Questions for discussion

References

Recommended reading

3 Short-term finance and the management of working capital

Learning objectives

Introduction

3.1 The objectives of working capital management

3.2 Working capital policies

3.3 Working capital and the cash conversion cycle

3.4 Overtrading

3.5 Managing inventory

3.6 Managing cash

3.7 Managing receivables

3.8 Conclusion

Key points

Self-test questions

Questions for review

Questions for discussion

References

Recommended reading

4 Long-term finance: equity finance

Learning objectives

Introduction

4.1 Equity finance

4.2 The stock exchange

4.3 Rights issues

4.4 Scrip issues, share splits, scrip dividends and share repurchases

4.5 Preference shares

4.6 Conclusion

Key points

Self-test questions

Questions for review

Questions for discussion

References

Recommended reading

5 Long-term finance: debt finance, hybrid finance and leasing

Learning objectives

Introduction

5.1 Bonds, loan notes, loan stock and debentures

5.2 Bank and institutional debt

5.3 International debt finance

5.4 Convertible bonds

5.5 Warrants

5.6 The valuation of fixed-interest bonds

5.7 The valuation of convertible bonds

5.8 Leasing

5.9 Evaluating the financial effect of financing choices

5.10  Conclusion

Key points

Self-test questions

Questions for review

Questions for discussion

References

Recommended reading

6 An overview of investment appraisal methods

Learning objectives

Introduction

6.1 The payback method

6.2 The return on capital employed method

6.3 The net present value method

6.4 The internal rate of return method

6.5 A comparison of the npv and irr methods

6.6 The profitability index and capital rationing

6.7 The discounted payback method

6.8 Conclusion

Key points

Self-test questions

Questions for review

Questions for discussion

References

Recommended reading

7 Investment appraisal: applications and risk

Learning objectives

Introduction

7.1 Relevant project cash flows

7.2 Taxation and capital investment decisions

7.3 Inflation and capital investment decisions

7.4 Investment appraisal and risk

7.5 Appraisal of foreign direct investment

7.6 Empirical investigations of investment appraisal

7.7 Conclusion

Key points

Self-test questions

Questions for review

Questions for discussion

References

Recommended reading

8 Portfolio theory and the capital asset pricing model

Learning objectives

Introduction

8.1 The measurement of risk

8.2 The concept of diversification

8.3 Investor attitudes to risk

8.4 Markowitz’s portfolio theory

8.5 Introduction to the capital asset prici

Erscheinungsdatum
Verlagsort Harlow
Sprache englisch
Maße 191 x 248 mm
Gewicht 872 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
ISBN-10 1-292-10303-5 / 1292103035
ISBN-13 978-1-292-10303-7 / 9781292103037
Zustand Neuware
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