Financial Management 17th Edition (theory And Practice)

By (author) Brigham Eugene; By (author) Ehrhardt, Michael
Description:
Gain the understanding of finance you need to make good decisions on the job and advance in your career, whether you work in finance or any other business discipline. Brigham/Ehrhardt’s FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 17E emphasizes key theoretical concepts, equipping you with practical tools for effective decision making. This updated edition focuses on corporate valuation and its importance in financial decisions as you examine the big picture as well as financial details. Chapters connect concepts and tools with fully integrated Excel models that you can apply to typical employment situations. Topics advance from fundamentals to strategic finance, linking recent events to finance in business or your personal life. MindTap online learning platform is also available to reinforce learning. With a relevant presentation, numerous examples and emphasis on Excel applications, this edition provides a comprehensive resource for use throughout your academic and business career.
Table of contents:
PART I: THE COMPANY AND ITS ENVIRONMENT. 1. An Overview of Financial Management and the Financial Environment. 2. Financial Statements, Cash Flow, and Taxes. 3. Analysis of Financial Statements. PART II: FIXED INCOME SECURITIES. 4. Time Value of Money. 5. Bonds, Bond Valuation, and Interest Rates. PART III: STOCKS AND OPTIONS. 6. Risk, Return, and the Capital Asset Pricing Model. 7. Corporate Valuation, Stock Valuation, and Stock Market Equilibrium. 8. Financial Options and Applications in Corporate Finance. PART IV: PROJECTS AND THEIR VALUATION. 9. The Cost of Capital. 10. The Basics of Capital Budgeting: Evaluating Cash Flows. 11. Cash Flow Estimation and Risk Analysis. PART V: CORPORATE VALUATION AND GOVERNANCE. 12. Financial Planning and Forecasting Financial Statements. 13. Corporate Valuation, Value-Based Management and Corporate Governance. PART VI: CASH DISTRIBUTIONS AND CAPITAL STRUCTURE. 14. Distributions to Shareholders: Dividends and Repurchases. 15. Capital Structure Decisions. PART VII: MANAGING GLOBAL OPERATIONS. 16. Working Capital Management. 17. Multinational Financial Management. PART VIII: TACTICAL FINANCING DECISIONS. 18. Public and Private Financing: Initial Offerings, Seasoned Offerings, and Investment Banks. 19. Lease Financing. 20. Hybrid Financing: Preferred Stock, Warrants, and Convertibles. PART IX: STRATEGIC FINANCE IN A DYNAMIC ENVIRONMENT. 21. Dynamic Capital Structures and Corporate Valuation. 22. Mergers and Corporate Control. 23. Enterprise Risk Management. 24. Bankruptcy, Reorganization, and Liquidation. PART X: SPECIAL TOPICS. 25. Portfolio Theory and Asset Pricing Models. 26. Real Options 1. APPENDIXES. APPENDIX A: Solutions to Self-Test Problems. APPENDIX B: Answers to End-of-Chapter Problems. APPENDIX C: Selected Equations. GLOSSARY AND INDEXES. Glossary. Name Index. Subject Index. WEB CHAPTERS: 27. Providing and Obtaining Credit. 28. Advanced Issues in Cash Management and Inventory Control. 29. Pension Plan Management. 30. Financial Management in Not-for-Profit Businesses.
Biographical note:
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