Financial Management: Principles and Applications MyLab Finance with eText (8e) : 9781488617225

Financial Management: Principles and Applications MyLab Finance with eText (8e)

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Pearson Australia
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Pearson eText

Financial Management is a total learning package that reflects the vitality of an ever-expanding discipline, building on the foundations of economics and accounting.

Adapted for the Australian market, students are presented with a cohesive, inter-related subject that they can use when approaching future, as yet unknown, problems. Building on the strengths of the previous edition, the Eighth Edition sees consolidation and refining of content, creating a modern teaching approach.

Considering student’s engagement, the text is arranged around five key principles to enhance focus on the intuition behind the mechanics of solving financial problems. These principles are woven throughout the book, forming a rationalised, coherent, integrated and intuitive problem-solving approach.

Additionally, this product

  • Has respected and updated/current content delivered in a range of customisable formats and affordable price points.
  • Can be used in both majors and non-majors across Finance, in Second Year undergraduate courses in Business Finance, Financial Management and Finance and Investment.

Mobile device-friendly and fully integrated with MyLab Finance. Pearson eTexts allow you to highlight, add your own study notes, and review your instructor's personalised notes anytime, anywhere. Access to the Pearson eText will continue for as long as your MyLab subscription is active. Download the Pearson eText app from the Apple App Store or Google Play. Pearson eText is a product that is only available online.

Table of contents
  • Part 1 Introduction to Financial Management
  • 1 Getting started—Principles of finance
  • 2 Firms and the financial market
  • 3 Understanding financial statements, taxes and cash flows
  • 4 Financial analysis—Sizing up firm performance
  • Part 2 Valuation of Financial Assets
  • 5 The time value of money—The basics
  • 6 The time value of money—Annuities and other topics
  • 7 Risk and return—An introduction—History of financial market returns
  • 8 Risk and return—Capital market theory
  • 9 Debt valuation and interest rates
  • 10 Share valuation
  • Part 3 Capital Budgeting
  • 11 Investment decision criteria
  • 12 Analysing project cash flows
  • 13 Risk analysis and project evaluation
  • 14 The cost of capital
  • Part 4 Capital Structure and Dividend Policy
  • 15 Analysis and impact of leverage
  • 16 Capital-structure policy
  • 17 Dividend and share buyback policy
  • Part 5 Liquidity Management and Special Topics in Finance
  • 18 Financial forecasting and planning
  • 19 Working capital management
  • 20 International business finance
  • 21 Corporate risk management
  • Glossary
  • Organisation Index
  • Subject Index
Features & benefits
  • To enhance the relevance of the topics discussed, extensive use has been made of real-world examples. In addition, stock symbols are provided in square brackets following the names of companies listed on Australian or overseas stock exchanges. This enables students to easily recognise examples that deal with actual listed companies, and to look up stock information themselves if they wish.
    • Finance Spotlight feature boxes analyse the text discussion of financial management using real-world examples
    • Employs Australian research
    • Cites real-life Australian examples
    • Draws on Australian content, revising as needed to reflect an evolving Australian legal and business context
  • Students are supported with a variety of pedagogical features aimed at providing a consistent and scaffolded delivery of content, offering a broad range of opportunities to apply and test their learning.
    • Learning Objectives (LOs)
    • Principle Applied boxes
    • Concept Check boxes - These boxed features present a few questions that ask students to stop and check their knowledge before they move onto the next section
    • Checkpoints
    • Finance Spotlight boxes - These apply chapter concepts to real-world examples, including financial problems that students encounter in their daily lives
    • Tools of Financial Analysis boxes - Appearing throughout the book and naming each calculation/formula, these display them in equation form, and summarise what it tells you
    • Content-enriched Tables & Figures
    • Applying the Principles boxes
    • Chapter Summaries
    • Study Questions
    • Study Problems Mini-Cases with Questions
Author biography
Sheridan Titman holds the McAllister Centennial Chair in Financial Services at the University of Texas.

He has a B.S. from the University of Colorado and an M.S. and Ph.D. from Carnegie Mellon University. Prior to joining the faculty at the University of Texas, Professor Titman was a Professor at UCLA, the Hong Kong University of Science and Technology, and Boston College and spent the 1988–89 academic year in Washington, D.C., as the special assistant to the Assistant Secretary of the Treasury for Economic Policy. In addition, he has consulted for a variety of financial institutions and corporations.

He has served on the editorial boards of the leading academic finance and real estate journals, was an editor of the Review of Financial Studies, and was the founding editor of the International Review of Finance. He has served as President of the American Finance Association and the Western Finance Association, and as a director of the American Finance Association, the Asia Pacific Finance Association, the Western Finance Association, and the Financial Management Association and as the President of the Western Finance Association.

He has received a number of awards for his research excellence and is a Fellow of the Financial Management Association and a Research Associate of the National Bureau of Economic Research.

Tony Martin has been a lecturer in Finance for more than 20 years. He is currently a lecturer at La Trobe University in Melbourne and has previously lectured at RMIT University. He has a Bachelor of Science from Monash University and a Master of Finance from RMIT. Tony has authored a number of textbooks on corporate finance and financial institutions. His research interests include technical analysis, behavioural finance, evolutionary computing (as applied to the development of trading strategies) and teaching and learning of Finance.

Arthur J. Keown is the Department Head and R. B. Pamplin Professor of Finance at Virginia Polytechnic Institute and State University. He received his bachelor’s degree from Ohio Wesleyan University, his M.B.A. from the University of Michigan, and his doctorate from Indiana University.

An award-winning teacher, he is a member of the Academy of Teaching Excellence; has received five Certificates of Teaching Excellence at Virginia Tech, the W. E. Wine Award for Teaching Excellence, and the Alumni Teaching Excellence Award; and in 1999 received the Outstanding Faculty Award from the State of Virginia. Professor Keown is widely published in academic journals. His work has appeared in the Journal of Finance, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, the Journal of Financial Research, the Journal of Banking and Finance, the Journal of Portfolio Management, and many others.

Professor Keown is a Fellow of the Decision Sciences Institute, was a member of the Board of Directors of the Financial Management Association, and is the head of the finance department at Virginia Tech. In addition, he served as the co-editor of the Journal of Financial Research and as the co-editor of the Financial Management Association’s Survey and Synthesis.

John D. Martin holds the Carr P. Collins Chair in Finance in the Hankamer School of Business at Baylor University, where he teaches in the Baylor EMBA programs and has three times been selected as the outstanding teacher. John joined the Baylor faculty in 1998 after spending 17 years on the faculty of the University of Texas at Austin.

Over his career he has published over 50 articles in the leading finance journals, including papers in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Monetary Economics, and Management Science. His recent research has spanned issues related to the economics of unconventional energy sources, the hidden cost of venture capital, and the valuation of firms filing Chapter 11.

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