Finance and the Firm An Introduction to Corporate Finance

by Davis, Edward W.; Pointon, John

• ISBN13: 9780198288121
• ISBN10: 0198288123
• Edition: 2nd
• Format: Hardcover
• Copyright: 1994-06-16
• Publisher: Oxford University Press

Summary

This well-established textbook has been extensively revised to incorporate innovations in the financial markets and financial instruments of the late 1980s. Two new chapters on International Finance and Mergers and Takeovers ensure that the reader will be kept up to date with recent developments in financial theory and practice. Distinctive features of the book which make it attractive to students facing a complex subject for the first time are integration of the theory and practice of finance and clear description of the institutional framework of corporate finance. This is an ideal textbook for courses on corporate finance, and is accompanied by a workbook which includes worked examples, questions, and solutions.

Table of Contents

Introduction

Compound Interest and Present Value

Net Present Value and Internal Rate of Return

Relevant Cash Flows

Inflation in Project Appraisal

Capital Rationing

Introduction to Risk Analysis

Risk within a Portfolio Framework

Taxation and Project Appraisal

Conclusion on Investment Appraisal

Valuation of Stocks and Shares

Capital Structure

Dividend Policy and Valuation

Conclusion on Financial Policy

Financial Intermediaries and Markets

Maturity Choice and Hedging Strategies

International Finance: Management of Exchange Risk

Short-Term Borrowing

Medium-Term Finance

Longer-Term Debt

Equity Capital and the Stock Exchange

Equity Finance: The New Issue Market

Rights Issues

Convertibles and Share Options

Mergers and Take-overs

Conclusion

Appendix I

Appendix II

Appendix III

Appendix IV

Appendix V

Author Index

Subject Index

Table of Contents provided by Blackwell. All Rights Reserved.