Financial Management Principles and Applications

by Titman, Sheridan; Keown, Arthur J.; Martin, John D

• ISBN13: 9780134417219
• ISBN10: 0134417216
• Edition: 13th
• Format: Hardcover
• Copyright: 2017-01-12
• Publisher: Pearson

Summary

For undergraduate courses in corporate finance and financial management.

 

Develop and begin to apply financial principles

People often struggle to see how financial concepts relate to their personal lives and prospective careers. Financial Management: Principles and Applications gives readers a big picture perspective of finance and how it is important in their personal and professional lives. Utilizing five key principles, the 13th Edition provides an approachable introduction to financial decision-making, weaving in real world issues to demonstrate the practical applications of critical financial concepts.

Also available with MyLab Finance

MyLab™ Finance is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

 

Note: You are purchasing a standalone product; MyLab Finance does not come packaged with this content. Students, if interested in purchasing this title with MyLab Finance, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.

 

If you would like to purchase both the physical text and MyLab Finance, search for:

 

0134640845 / 9780134640846 Financial Management: Principles and Applications Plus MyLab Finance with Pearson eText -- Access Card Package

 

Package consists of:

• 0134417216 / 9780134417219 Financial Management: Principles and Applications
• 0134417607 / 9780134417608 MyLab Finance with Pearson eText -- Access Card -- for Financial Management: Principles and Applications

Author Biography

SHERIDAN TITMAN holds the McAllister Centennial Chair in Financial Services at the University of Texas. He has a BS from the University of Colorado and an MS and PhD from Carnegie Mellon University. Prior to joining the faculty at the University of Texas, Professor Titman was a Professor at UCLA, the Hong Kong University of Science and Technology, and Boston College, and spent the 1988-1989 academic year in Washington, DC as the special assistant to the Assistant Secretary of the Treasury for Economic Policy. In addition, he has consulted for a variety of financial institutions and corporations. He has served on the editorial boards of the leading academic finance and real estate journals, was an editor of the Review of Financial Studies, and was the founding editor of the International Review of Finance. Titman has served as both Presidents and Vice Presidents of the American Finance Association and the Western Finance Association and has served as a director of the American Finance Association, the Asia Pacific Finance Association, the Western Finance Association, and the Financial Management Association. He has published more than 50 articles in both academic and professional journals and has co-authored two additional books, Financial Markets and Corporate Strategy, and Valuation. He has received a number of awards for his research excellence and is a Fellow of the Financial Management Association and a Research Associate of the National Bureau of Economic Research.

Sheridan and Meg live with their three sons and dog (Mango) in Austin, Texas.

 

ARTHUR J. KEOWN is the R. B. Pamplin Professor of Finance and Finance Department Head at Virginia Polytechnic Institute and State University. He received his bachelor's degree from Ohio Wesleyan University, his MBA from the University of Michigan  and his doctorate from Indiana University. An award-winning teacher, he is a member of the Academy of Teaching Excellence at Virginia Tech, and he has received five certificates of Teaching Excellence, the W.E. Wine Award for Teaching Excellence, and the Alumni Teaching Excellence Award. In 1999, he received the Outstanding Faculty Award from the State of Virginia. Professor Keown is widely published in academic journals. His work has appeared in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Research, Journal of Banking and Finance, Financial Management, Journal of Portfolio Management, and many others. Two of his books are widely used in college finance classes all over the country—Foundations of Finance: The Logic and Practice of Financial Management and Personal Finance, Turning Money into Wealth. Professor Keown is a Fellow of Decision Sciences Institute and head of the Finance Department. In addition, he has served as the co-editor of both the Journal of Financial Research and the Financial Management Association's Survey and Synthesis Series. He was recently inducted into Ohio Wesleyan's Hall of Fame for wrestling. His daughter and son are both married and live in Madison, Wisconsin, and Dubai, while he and his wife live in Blacksburg, Virginia, where he collects original art from Mad Magazine.

Table of Contents

Part 1: Introduction to Financial Management

1. Getting Started—Principles of Finance

2. Firms and the Financial Markets

3. Understanding Financial Statements

4. Financial Analysis—Sizing Up Firm Performance

 

Part 2: Valuation of Financial Assets

5. The Time Value of Money—The Basics

6. The Time Value of Money—Annuities and Other Topics

7. An Introduction to Risk and Return—History of Financial Market Returns

8. Risk and Return—Capital Market Theory

9. Debt Valuation and Interest Rates

10. Stock Valuation

 

Part 3: Capital Budgeting

11. Investment Decision Criteria

12. Analyzing Project Cash Flows

13. Risk Analysis and Project Evaluation

14. The Cost of Capital

 

Part 4: Capital Structure and Dividend Policy

15. Capital Structure Policy

16. Dividend and Share Repurchase Policy

 

Part 5: Liquidity Management and Special Topics in Finance

17. Financial Forecasting and Planning

18. Working-Capital Management

19. International Business Finance

20. Corporate Risk Management