Corporate Finance and Investment: Decisions and Strategies(paperback)

This text has a practical orientation with a wealth of examples and case studies. Recommended by the CIMA and ACCA, it includes new material on derivatives, treasury management and restructuring. Content: Pt. I. Framework for Financial Decisions -- 1. overview of financial management -- 2. financial environment -- 3. Present values, and bond and share valuation -- Pt. II. Investment Decisions and Strategies -- 4. Investment appraisal methods -- 5. Project appraisal -- applications -- 6. Investment strategy and process -- Pt. III. Value, Risk and the Required Return -- 7. Analysing investment risk -- 8. Identifying and valuing options -- 9. Relationships between investments: portfolio theory -- 10. Setting the risk premium: the Capital Asset Pricing Model -- 11. required rate of return on investment -- 12. Enterprise value and equity value -- Pt. IV. Short-Term Financing and Policies -- 13. Treasury management and working capital policy -- 14. Short-term asset management -- 15. Short- and medium-term finance -- Pt. V. Strategic Financial Decisions -- 16. Long-term finance -- 17. Returning value to shareholders: the dividend decision -- 18. Capital structure and the required return -- 19. Does capital structure really matter? -- 20. Acquisitions and restructuring -- Pt. VI. International Financial Management -- 21. Managing currency risk -- 22. Foreign investment decisions -- 23. Key issues in modern finance: a review -- Appendix A. Solutions to self-assessment activities -- Appendix B. Solutions to selected questions -- Appendix C. Present value interest factor (PVIF) -- Appendix D. Present value interest factor for an annuity (PVIFA). Abstract: This text has a practical orientation with a wealth of examples and case studies. Recommended by the CIMA and ACCA, it includes new material on derivatives, treasury management and restructuring This popular text takes a practical approach to corporate finance, applying key concepts and techniques to a broad range of contemporary issues in finance. Examining financial issues from a managerial stand point, the authors demonstrate the role finance has to play in explaining and shaping business development rather than concentrating on quantitative aspects. This book is suitable for second and third year undergraduate students of business studies, accounting, finance and economics. It is particularly valuable for those studying an MBA or MSc in Business.Recommended by professional bodies such as CIMA and ACCA.