Business Finance

By: Robert Parrino

• Publisher: John Wiley & Sons Australia

• Print ISBN: 9780730363569, 0730363562

  Print ISBN: 9780730363569, 0730363562

• eText ISBN: 9780730363170, 0730363171

  eText ISBN: 9780730363170, 0730363171

• Edition: 1st
• Copyright year: 2019

Cover -- Title Page -- Copyright Page -- Contents -- About the authors -- Preface -- Organisation and coverage -- Applications at a glance -- How to use this resource -- Selected abbreviations and notation -- PART 1 Introduction -- CHAPTER 1 The financial manager and the company -- Chapter preview -- 1.1 The role of the financial manager -- 1.2 Forms of business organisation -- 1.3 Managing the financial function -- 1.4 The goal of the company -- 1.5 Agency conflicts: separation of ownership and control -- 1.6 The importance of ethics in business -- CHAPTER 2 The financial environment and the level of interest rates -- Chapter preview -- 2.1 The financial system -- 2.2 Direct financing -- 2.3 Types of financial markets -- 2.4 Financial institutions and indirect financing -- 2.5 The determinants of interest rate levels -- PART 2 Valuation of future cash flows and risk -- CHAPTER 3 The time value of money -- Chapter preview -- 3.1 The time value of money -- 3.2 Future value and compounding -- 3.3 Present value and discounting -- 3.4 Additional concepts and applications -- CHAPTER 4 Discounted cash flows and valuation -- Chapter preview -- 4.1 Multiple cash flows -- 4.2 Level cash flows: annuities and perpetuities -- 4.3 Perpetuities -- 4.4 The effective annual interest rate -- CHAPTER 5 Risk and return -- Chapter preview -- 5.1 Risk and return -- 5.2 Quantitative measures of return -- 5.3 Expected returns -- 5.4 The variance and standard deviation as measures of risk -- 5.5 Risk and diversification -- 5.6 Systematic risk -- 5.7 The Capital Asset Pricing Model -- CHAPTER 6 Bond valuation and the structure of interest rates -- Chapter preview -- 6.1 Capital market efficiency -- 6.2 Corporate bonds -- 6.3 Bond valuation -- 6.4 Bond yields -- 6.5 Interest rate risk -- 6.6 The structure of interest rates -- 6.7 The term structure of interest rates. CHAPTER 7 Share valuation -- Chapter preview -- 7.1 The market for shares -- 7.2 Ordinary and preference shares -- 7.3 The general dividend valuation model -- 7.4 Share valuation: some simplifying assumptions -- 7.5 Valuing preference shares -- PART 3 Capital budgeting decisions -- CHAPTER 8 The fundamentals of capital budgeting -- Chapter preview -- 8.1 An introduction to capital budgeting -- 8.2 Net present value -- 8.3 The payback period -- 8.4 The accounting rate of return -- 8.5 Internal rate of return -- 8.6 Capital budgeting in practice -- CHAPTER 9 Cash flows and capital budgeting -- Chapter preview -- 9.1 Calculating project cash flows -- 9.2 Estimating cash flows in practice -- 9.3 Projects with different lives -- 9.4 When to harvest an asset -- CHAPTER 10 Evaluating project economics and capital rationing -- Chapter preview -- 10.1 Variable costs, fixed costs and project risk -- 10.2 Calculating operating leverage -- 10.3 Break-even analysis -- 10.4 Risk analysis -- 10.5 Investment decisions with capital rationing -- CHAPTER 11 The cost of capital -- Chapter preview -- 11.1 The company's overall cost of capital -- 11.2 The cost of debt -- 11.3 The cost of equity -- 11.4 Using the WACC in practice -- PART 4 Working capital management and financing decisions -- CHAPTER 12 Working capital management -- Chapter preview -- 12.1 Working capital basics -- 12.2 The operating and cash conversion cycles -- 12.3 Working capital management strategies -- 12.4 Accounts receivable -- 12.5 Inventory management -- 12.6 Cash management and budgeting -- 12.7 Financing working capital -- CHAPTER 13 How companies raise capital -- Chapter preview -- 13.1 Bootstrapping -- 13.2 Venture capital -- 13.3 Initial public offering -- 13.4 IPO pricing and cost -- 13.5 Open offers by a public company -- 13.6 Private markets and bank loans -- 13.7 Commercial bank lending. CHAPTER 14 Capital structure policy -- Chapter preview -- 14.1 Capital structure and company value -- 14.2 The benefits and costs of using debt -- 14.3 Two theories of capital structure -- 14.4 Practical considerations in choosing a capital structure -- CHAPTER 15 Dividends and dividend policy -- Chapter preview -- 15.1 Dividends -- 15.2 Share buy-backs -- 15.3 Dividend policy and company value -- 15.4 Bonus share issues and share splits -- 15.5 Setting a dividend policy -- Appendix Present value and future value tables -- EULA.

برای ارسال نظر لطفا وارد شوید یا ثبت نام کنید