Fundamentals of Financial Management (with Thomson ONE - Business School Edition)

by Brigham, Eugene F.; Houston, Joel F.

• ISBN13: 9780538482127
• ISBN10: 0538482125
• Edition: 13th
• Format: Hardcover
• Copyright: 2012-01-01
• Publisher: South-Western College Pub

Summary

Designed to put readers "First in Finance" today, this fully revised thirteenth edition of FUNDAMENTALS OF FINANCIAL MANAGEMENT provides readers with a focused understanding of today's corporate finance and financial management. This market-leading book offers a unique balance of clear concepts, contemporary theory, and practical applications in order to help readers understand the concepts and reasons behind corporate budgeting, financing, working capital decision making, forecasting, valuation, and Time Value of Money (TVM). The thirteenth edition has been updated to include discussions of several major events such as the BP oil spill, the European debt crisis, and the ongoing weakness in the economy and financial markets. Numerous practical examples, "Quick Questions," proven end-of-chapter applications, Integrated Cases, and real-world examples demonstrate theory in action and help readers apply what they have learned.

Table of Contents

Introduction to Financial Management

An Overview of Financial Management

Financial Markets and Institutions

Fundamental Concepts in Financial Management

Financial Statements, Cash Flow, and Taxes

Analysis of Financial Statements

Common Size and Percent Change Analyses

Time Value of Money

Continuous Compounding and Discounting

Growing Annuities

Financial Assets

Interest Rates

Bonds and Their Valuation

Zero Coupon Bonds

Bond Risk and Duration

Bankruptcy and Reorganization

Risk and Rates of Return

Calculating Beta Coefficients

Stocks and Their Valuation

Stock Market Equilibrium

Investing in Long-Term Assets: Capital Budgeting

The Cost of Capital

The Cost of New Common Stock and WACC

The Basics of Capital Budgeting

Cash Flow Estimation and Risk Analysis

Tax Depreciation

Refunding Operations

Using the CAPM to Estimate the Risk-Adjusted Cost of Capital

Techniques for Measuring Beta Risk

Comparing Mutually Exclusive Projects with Unequal Lives

Real Options: Investment Timing, Growth, and Flexibility

Real Options and Other Topics in Capital Budgeting

Capital Structure and Dividend Policy

Capital Structure and Leverage

Degree of Leverage

Distributions to Shareholders, Dividends and Share Repurchases

An Example: The Residual Dividend Model

Working Capital Management, Forecasting, and Multinational Financial Management

Working Capital Management

Inventory Management

Short-Term Loans and Bank Financing

Financial Planning and Forecasting

Forecasting Financial Requirements When Financial Ratios Change

Special Topics in Financial Management

Derivatives and Risk Management

Valuation of Put Options

Multinational Financial Management

Hybrid Financing: Preferred Stock, Leasing, Warrants, and Convertibles

Mergers and Acquisitions

Merger Regulation

Holding Companies

Solutions to Self-Test Questions and Problems

Answers to Selected End-of-Chapter Problems

Selected Equations and Tables

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