Principles of Managerial Finance, Brief Global Edition

Scott B. Smart is a finance professor and the Fettig/Whirlpool Finance Faculty Fellow at the Kelley School of Business at Indiana University. Dr. Smart received his BBA from Baylor University and his MA and PhD from Stanford University. His research focuses primarily on applied corporate finance topics and has been published in journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Corporate Finance, Financial Management, and others. His articles have been cited by business publications including The Wall Street Journal, The Economist, and Business Week. Winner of more than a dozen teaching awards, Dr. Smart has been listed multiple times as a top business school teacher by Business Week. He has held Visiting Professor positions at the University of Otago and Stanford University, and he worked as a Visiting Scholar for Intel Corporation, focusing on that company's mergers and acquisitions activity during the 'Dot-com' boom in the late 1990s. As a volunteer, Dr. Smart currently serves on the boards of the Indiana University Credit Union and Habitat for Humanity. Chad J. Zutter is a finance professor and the James Allen Faculty Fellow at the Katz Graduate School of Business at the University of Pittsburgh. Dr. Zutter received his BBA from the University of Texas at Arlington and his PhD from Indiana University. His research has a practical, applied focus and has been the subject of feature stories in, among other prominent outlets, The Economist and CFO Magazine. His papers have been cited in arguments before the US Supreme Court and in consultation with companies such as Google and Intel. Dr. Zutter won the prestigious Jensen Prize for the best paper published in the Journal of Financial Economics and a best paper award from the Journal of Corporate Finance, where he is currently an Associate Editor. He has won teaching awards at the Kelley School of Business at Indiana University and the Katz Graduate School of Business at the University of Pittsburgh. Dr. Zutter also serves on the board of Lutheran Senior Life and, prior to his career in academics, he was a submariner in the US Navy. 

PART I: INTRODUCTION TO MANAGERIAL FINANCE

1. The Role of Managerial Finance 

2. The Financial Market Environment 

 

PART II: FINANCIAL TOOLS 

3. Financial Statements and Ratio Analysis 

4. Long- and Short-Term Financial Planning 

5. Time Value of Money 

 

PART III: VALUATION OF SECURITIES 

6. Interest Rates and Bond Valuation 

7. Stock Valuation 

 

PART IV: RISK AND THE REQUIRED RATE OF RETURN 

8. Risk and Return 

9. The Cost of Capital 

 

PART V: LONG-TERM INVESTMENT DECISIONS 

10. Capital Budgeting Techniques 

11. Capital Budgeting Cash Flows and Risk Refinements 

 

PART VI: LONG-TERM FINANCIAL DECISIONS 

12. Leverage and Capital Structure 

13. Payout Policy 

 

PART VII: SHORT-TERM FINANCIAL DECISIONS 

14. Working Capital and Current Assets Management 

15. Current Liabilities Management