Fundamentals of Financial Management: Concise

Dr. Eugene F. Brigham is a graduate research professor emeritus at the University of Florida, where he has taught since 1971. He 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. A former president of the Financial Management Association, he has written many journal articles on the cost of capital, capital structure and other aspects of financial management. He has authored or co-authored 10 textbooks on managerial finance and managerial economics that are used at more than 1,000 universities in the United States and have been translated into 11 languages worldwide. In addition to his academic writing, Dr. Brigham continues to teach, consult and complete research. He has served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy and the RAND Corp. He has also testified as an expert witness in numerous electric, gas and telephone rate cases at both federal and state levels. Dr. Brigham spends his spare time on the golf course, enjoying time with his family and dogs and tackling outdoor adventure activities, such as biking through Alaska. Dr. Joel F. Houston is the Eugene F. Brigham Professor of Finance at the University of Florida. He received his M.A. and Ph.D. from the Wharton School at the University of Pennsylvania and his undergraduate degree from Franklin and Marshall College. Prior to his appointment at the University of Florida, Dr. Houston was an economist at the Federal Reserve Bank of Philadelphia. Dr. Houston's research is primarily in the areas of corporate finance and financial institutions. His work has been published in top journals including The Journal of Finance, Journal of Financial Economics, Journal of Business, Journal of Financial and Quantitative Analysis, Journal of Accounting Research and Financial Management. Dr. Houston also currently serves as an associate editor for the Journal of Financial Services Research and the Journal of Financial Economic Policy. Since arriving at the University of Florida in 1987, Dr. Houston has received more than 25 teaching awards and has been actively involved in both undergraduate and graduate education. In addition to co-authoring leading textbooks in financial management, Dr. Houston has participated in management education programs for the PURC/World Bank Program, Southern Company, Exelon Corporation and Volume Services America. He enjoys playing golf and spending time with his wife (Sherry), son (Chris), daughter (Meredith) and grandson (Teddy). He is an avid sports fan who follows the Florida Gators as well as the Pittsburgh Steelers, Pirates and Penguins.

Part 1: Introduction to Financial Management
Chapter 1 An Overview of Financial Management
Chapter 2 Financial Markets and Institutions
Part 2: Fundamental Concepts in Financial Management
Chapter 3 Financial Statements, Cash Flow, and Taxes
Chapter 4 Analysis of Financial Statements
Web Appendix 4A Common Size and Percent Change Analysis
Chapter 5 Time Value of Money
Web Appendix 5A Continuous Compounding and Discounting
Web Appendix 5B Growing Annuities
Part 3: Financial Assets
Chapter 6 Interest Rates
Chapter 7 Bonds and Their Valuation
Web Appendix 7A Zero Coupon Bonds
Web Appendix 7B Bond Risk and Duration
Web Appendix 7C Bankruptcy and Reorganization
Chapter 8 Risk and Rates of Return
Web Appendix 8A Calculating Beta Coefficients
Chapter 9 Stocks and Their Valuation
Appendix 9A Stock Market Equilibrium
Part 4: Investing in Long-Term Assets: Capital Budgeting
Chapter 10 The Cost of Capital
Web Appendix 10A The Cost of New Common Stock and WACC
Chapter 11 The Basics of Capital Budgeting
Chapter 12 Cash Flow Estimation and Risk Analysis
Web Appendix 12A Tax Depreciation
Web Appendix 12B Refunding Operations
Web Appendix 12C Using the CAPM to Estimate the Risk-Adjusted Cost of Capital
Web Appendix 12D Techniques for Measuring Beta Risk
Chapter 13 Real Options and Other Topics in Capital Budgeting
Part 5: Capital Structure and Dividend Policy
Chapter 14 Capital Structure and Leverage
Web Appendix 14A Degree of Leverage
Chapter 15 Distributions to Shareholders: Dividends and Share Repurchases
Web Appendix 15A The Residual Dividend Model: An Example

Part 6: Working Capital Management, Financial Forecasting, and Multinational Financial Management
Chapter 16 Working Capital Management
Web Appendix 16A Inventory Management
Web Appendix 16B Short-Term Loans and Bank Financing
Chapter 17 Financial Planning and Forecasting
Web Appendix 17B Forecasting Financial Requirements When Financial Ratios Change
Chapter 18 Multinational Financial Management
Appendix A Solutions to Self-Test Questions and Problems
Appendix B Answers to Selected End-of-Chapter Problems
Appendix C Selected Equations and Tables
Index