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Corporate Finance and Investment

Corporate Finance and Investment - Richard Pike - 9781292208541 - Finance - Corporate Finance (93) Zoom
Series
Pearson
Author
Richard Pike / Bill Neale / Philip Linsley / Saeed Akbar  
Publisher
Pearson
Cover
Softcover
Edition
9
Language
English
Total pages
880
Pub.-date
June 2018
ISBN13
9781292208541
ISBN
1292208546
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Description

Support your students' understanding of the principles of Corporate Finance from theory to practice.

Corporate Finance and Investment: Decisions and Strategies, 9th Edition studies the discipline from an international perspective, helping your students develop the career tools they need to tackle Finance cases in a real business environment.

Features

Hallmark features of this title

Help students apply key concepts to a broad range of contemporary management and business policy issues.

  • Mini case studies: Allow your students to explore the practical applications of financial theory to well-known companies.
  • An international perspective: Access contemporary content that reflects recent developments from an international perspective.

Encourage students to examine financial issues from a managerial perspective.

  • A strategic focus: Challenge your students' thinking with a text that relates and integrates financial management with managerial decision-making and corporate planning.
  • Clear and accessible style: Engage students with a descriptive textbook, offering worked examples and illustrations to support their understanding of the concepts.

New to this Edition

Structural Changes in the text aim to give a better overview of the principles surrounding the discipline.

  • Extended discussion and additional content on topics related to risk management, capital structure, risk and return, asset pricing, and Behavioural Finance ensure the content material is up to date for your students' research and study.
  • Considerable changes in different parts and chapters of the text include updates in financial and accounting data, removal of tired text, and inclusion of fresh discussion topics.
  • Updated Financial Times articles, as well as other media, reflect contemporary issues.
  • New research findings published in recent papers discuss relevant issues in each chapter.
  • New real-world, contemporary examples and empirical evidence debate relevant recent changes in financial theory and practice.

Introducing new co-author, Saced Akbar

This latest edition introduces the third author of this text, Saced Akbar, a Professor in Accounting and Finance at the University of Hull. With extensive experience teaching Accounting and Finance modules, Professor Akbar brings years of research to this edition. His main research areas include the relationship between accounting information and stock prices, corporate governance and risk, Empirical Finance, performance measurement, and accounting regulation.

Table of Contents

List of figures and tables

Preface

Authors' acknowledgements

Publisher's acknowledgements

Part I A framework for financial decisions

  1. An overview of financial management
  2. The financial environment
  3. Present values, and bond and share valuation

Part II Investment decisions and strategies

  1. Investment appraisal methods
  2. Project appraisal – applications
  3. Investment strategy and process

Part III Value, risk and the required return

  1. Analysing investment risk
  2. Relationships between investments: portfolio theory
  3. Setting the risk premium: the Capital Asset Pricing Model (CAPM)
  4. The required rate of return on investment
  5. Enterprise value and equity value
  6. Identifying and valuing options

Part IV Short-term financing and policies

  1. Risk and treasury management
  2. Working capital and short-term asset management
  3. Short- and medium-term finance

Part V Strategic financial decisions

  1. Long-term finance
  2. Returning value to shareholders: the dividend decision
  3. Capital structure and the required return
  4. Does capital structure really matter?
  5. Acquisitions and re-structuring

Part VI International financial management

  1. Managing currency risk
  2. Foreign investment decisions
  3. 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)

Glossary

References

Index

Back Cover

Taking an international perspective to corporate finance, the latest edition of Corporate Finance and Investment is a highly-regarded and established text for students who want to understand the principles of corporate finance and develop the key tools to apply it.

 

The ninth edition has been revised to include topical issues in valuation, working capital, capital structure, the dividend decision, Islamic finance, risk and risk management, and behavioural finance. With its focus on strategic issues of finance in a business setting, this text uses the latest financial and accounting data, articles and research papers to effectively demonstrate how, and to what extent, the theory can be applied to practical issues in corporate finance.

 

MyLab Finance:

Join over 10 million students benefiting from Pearson MyLabs

 

This title can be supported by MyLab Finance, an online tutorial and assessment centre available to aid your learning in finance. You need both an access card and a course ID to access MyLab Finance.

 

1.    Is your lecturer using MyLab Finance? Ask your lecturer for your course ID.

2.    Has an access card been included with the book at a reduced cost? Check the inside back cover of the book.

3.    If you have a course ID but no access card go to www.myfinancelab.com to buy access to this interactive study programme.

 

Richard Pike is Emeritus Professor of Finance at the School of Management, University of Bradford.

 

Bill Neale has lectured and researched at several UK Universities and is now freelancing.

 

Saeed Akbar is Professor in Accounting and Finance at the Hull University Business School, University of Hull.

 

Philip Linsley is  Professor in Accounting and Finance at the University of York.

 

Author

Richard Pike is Emeritus Professor of Finance at the School of Management, University of Bradford.

Bill Neale has lectured and researched at several UK Universities and is now freelancing.

Saeed Akbar is a Professor in Accounting and Finance at the Hull University Business School, University of Hull.

Philip Linsley is a Professor in Accounting and Finance at the University of York.