Corporate Finance: Principles and Practice
0321014553

Gary W. Emery, University of Oklahoma

Publisher: Addison-Wesley
Copyright: 1998
Format: Cloth; 893 pp

ISBN-10: 0321014553
ISBN-13:9780321014559

Our Price: £75.99
Status: Not Yet Published
Estimated Availability: 10 Oct 1997

Description

Written to meet the emerging need for finance courses that prepare students to work in real businesses without neglecting their understanding of financial theories, Corporate Finance: Principles and Practice provides the rigorous treatment of financial theories that you expect in a modern corporate finance textbook and also describes how production, marketing, accounting, and financial managers work together to apply these principles and theories. Fully equipped with core financial concepts that are practical for the traditional program, this is the first text that takes a firm, but inoffensive step toward curriculum transformation. Its key distinguishing feature is the integrated use of concepts from accounting, human resource management, marketing, and production. Corporate Finance: Principles and Practice is the perfect fit for schools that have changed, or are in the process of changing, their business school curriculum toward the inclusion of integrative, cross-functional content. This text is designed for the first finance course for MBA students, but can easily be used for undergraduate elective courses in corporate or business finance.
Table Of Contents


 1. Introduction to Corporate Finance.

I. VALUATION PRINCIPLES.

 2. Financial Statements and Cash Flow.

 3. The Time Value of Money.

 4. Understanding Interest Rates.

 5. The Principles of Diversification.

 6. Risk and the Required Rate of Return.

 7. Valuing Debt and Equity.

 8. Valuing Options.

II. INVESTMENTS AND OPERATIONS.

 9. Analysis of Long-Term Investment Proposals.

10. Introduction to Financial Management of Operations.

11. Financial Management and Production.

12. Financial Management of Payments and Collections.

13. Detailed Analysis of Routine and Strategic Decisions.

III. FINANCIAL POLICY AND PLANNING.

14. Introduction to Financing Decisions.

15. Long-Term Financial Policy. Dividends.

16. Long-Term Financial Policy. Capital Structure.

17. Recognizing Financing Effects in Investment Analysis.

18. Long-Term Financial Planning.

19. Short-Term Financial Policy and Planning.

IV. RESTRUCTURING.

20. Restructuring a Company's Assets and Claims

Features
  • Emery's text is intended to be as rigorous as the market leaders but has been written with students in mind so that principles are more accessible.
  • Integrated use of concepts from accounting, human resource management, marketing, and production makes this a true "cross-disciplinary" finance text.
  • Coverage of options early in the text (Chapter 8) in the section on valuation principles permits the application of option pricing principles to capital budgeting, production, and credit policies (Chapters 9, 11, and 13).
  • Uses real data for the discussion of interest rates and foreign exchange rates, portfolio theory, valuation of debt equity, and valuation of options (Chapters 4,5,7, and 8).
  • Pedagogical features include chapter opening examples, boxed articles from business periodicals, exercises with solutions, part-ending cases, references to the Internet, and end-of-chapter Internet-related exercises.
Appropriate Courses
Corporate Finance.