Overview

The 6th Edition of this highly respected text is comprehensive yet accessible, with real-world case studies to ground you in the application of important concepts. Written with authority by authors steeped in the financial world, the book offers a comprehensive survey of the theory and practice of corporate finance for anyone studying the topic by itself or within business, accounting, finance, banking or economics courses, teaching you how to make informed, successful financial decisions that are crucial for a career in business. It explores topics such as investment appraisal, risk and return, sources of finance, and risk management, including derivatives, and gives a unique treatment of corporate value.

Full Product Details

Author:   Glen Arnold ,  Deborah Lewis
Publisher:   Pearson Education Limited
Imprint:   Pearson Education Limited
Edition:   6th edition
Dimensions:   Width: 19.30cm , Height: 3.00cm , Length: 26.40cm
Weight:   2.080kg
ISBN:  

9781292140445

ISBN 10:   1292140445
Pages:   1128
Publication Date:   12 February 2019
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   Available To Order  
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Table of Contents

Part 1 Introduction 1 The financial world Part 2 The investment decision 2 Project appraisal: net present value and internal rate of return 3 Project appraisal: cash flow and applications 4 The decision-making process for investment appraisal 5 Project appraisal: capital rationing, taxation and inflation Part 3 Risk and return 6 Risk and project appraisal 7 Portfolio theory 8 The Capital Asset Pricing Model and multi-factor models Part 4 Sources of finance 9 Stock markets 10 Raising equity capital 11 Long-term debt finance 12 Short- and medium-term finance, treasury and working capital management 13 Stock market efficiency Part 5 Corporate value 14 Value-based management 15 Value-creation metrics 16 The cost of capital 17 Valuing shares 18 Capital structure 19 Dividend policy 20 Mergers Part 6 Managing risk 21 Derivatives 22 Managing exchange-rate risk Appendices I Future value of £1 at compound interest II Present value of £1 at compound interest III Present value of an annuity of £1 at compound interest IV Future value of an annuity of £1 at compound interest V Areas under the standardised normal distribution VI Answers to the mathematical tools exercises in Chapter 2, Appendix 2.1 Glossary Bibliography Index

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Author Information

Glen Arnold runs an investment fund and previously held positions as Professor of Finance and Professor of Investing. In addition to the textbook Modern Financial Markets and Institutions, he has authored leading investment and banking books, including The Financial Times Guide to Investment, The FT Guide to Banking, and The FT Guide to Value Investing. Deborah Lewis is a Senior Teaching Fellow at the University of Bath. As a Director of Studies for the Bath MBA programme, featured in the top 100 of the FT Global MBA 2018 Ranking, she ensures the material is useful both for the student and the practitioner. Deborah's previous commercial experience allows her to blend academic theory with professional application.

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