Corporate Financial Management

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From the Back Cover ------------------- "The book combines academic rigour (in the explanation of theory) with practical application (explaining how companies apply theory in real life). There are lots of numerical examples to help with understanding of the concepts covered." Dr Rob Jones, Newcastle University Business School The sixth 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 of corporate value. Key features * Financial techniques are illustrated in practical terms, using clear accessible language. * New Financial Times articles help you see the relevance of the theory to the real world * Finance is presented as a dynamic subject that is open to theoretical re-evaluation * Extensive range of examples and case studies, with statistics and data ranging from the number of corporate mergers to the default rates on corporate bonds * Easy-to-follow mathematical explanations 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 Director of Studies for the Bath MBA programme, which features in the top 100 of the FT Global MBA 2018 Ranking, she ensures the material is useful for both the student and the practitioner. Deb’s previous commercial experience allows her to blend academic theory with professional application. MyLab Finance Join over 10 million students benefiting from Pearson MyLabs. This title can be supported by MyLab Finance, an online homework and tutorial system designed to test and build your understanding. MyLab Finance provides a personalised approach, with instant feedback and numerous additional resources to support your learning. * A personalised study plan * Usable either following chapter-by-chapter structure or by learning objective * Worked solutions showing you how to solve difficult problems * Limitless rtunities to practise Use the power of MyLab Finance to accelerate your learning. You need both an access card and a course ID to access MyLab Finance: * Is your lecturer using MyLab Finance? Ask your lecturer for your course ID. * Has an access card been included with the book? Check the inside back cover of the book. * If you have a course ID but no access card, go to http://www.pearson.com/mylab/finance to buy access.