Includes bibliographical references and index.

Brief contents Topics covered in the book xxi Introduction to the book xxiii Acknowledgements xxix Part 1 Introduction 11 The financial world 2Part 2 The investment decision 492 Project appraisal: net present value and internal rate of return 503 Project appraisal: cash flow and applications 894 The decision-making process for investment appraisal 1255 Project appraisal: capital rationing, taxation and inflation 151Part 3 Risk and return 1736 Risk and project appraisal 1747 Portfolio theory 2228 The Capital Asset Pricing Model and multi-factor models 268Part 4 Sources of finance 3279 Stock markets 32810 Raising equity capital 36511 Long-term debt finance 42212 Short- and medium-term finance, treasury and working capital management 47413 Stock market efficiency 542Part 5 Corporate value 61114 Value-based management 61215 Value-creation metrics 65816 The cost of capital 70417 Valuing shares 73818 Capital structure 78719 Dividend policy 84020 Mergers 868Part 6 Managing risk 92721 Derivatives 92822 Managing exchange-rate risk 974Appendices A:1I Future value of GBP1 at compound interest A:2II Present value of GBP1 at compound interest A:3III Present value of an annuity of GBP1 at compound interest A:4IV Future value of an annuity of GBP1 at compound interest A:5V Areas under the standardised normal distribution A:6VI Answers to the mathematical tools exercises in Chapter 2, Appendix 2.1 A:7Glossary G:1Bibliography B:1Index I:1

Explore how finance theory works in practice with 'Corporate Financial Management'. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value.

College of Business and Accountancy Bachelor of Science in Business Administration major in Financial Management

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