Corporate financial management /
Glen Arnold (Author) and Deborah S. Lewis (Author)
- 6th ed.
- England : Pearson Education Limited, c2019.
- xxxii, 1015p. : col. ill. ; 27 cm.
Includes bibliographical references and index.
Front Cover; Half Title Page; Title Page; Copyright Page; Brief contents; Contents; Topics covered in the book; Introduction to the book; Acknowledgements; PART 1 Introduction; Chapter 1 The financial world; LEARNING OUTCOMES; Introduction; The objective of the firm; Case study 1.1 Experian; Some possible objectives; Corporate governance; Primitive and modern economies; The role of the financial manager; The flow of funds and financial intermediation; Growth in the financial services sector; The financial system; Concluding comments; Key points and concepts; References and further reading Case study recommendationsWebsites; Self-review questions; Questions and problems; Assignments; PART 2 The investment decision; Chapter 2 Project appraisal: net present value and internal rate of return; LEARNING OUTCOMES; Introduction; Value creation and corporate investment; Net present value and internal rate of return; Modified internal rate of return; Concluding comments; Key points and concepts; Appendix 2.1 Mathematical tools for finance; References and further reading; Case study recommendations; Websites; Self-review questions; Questions and problems; Assignments Chapter 3 Project appraisal: cash flow and applicationsLEARNING OUTCOMES; Introduction; Case study 3.1 Toyota invests £240m to upgrade car plant in boost for Brexit Britain; Quality of information; Are profit calculations useful for estimating project viability?; The replacement decision; Replacement cycles; When to introduce a new machine; Drawbacks of the annual equivalent annuity method; Timing of projects; The make or buy decision; Fluctuating output; Concluding comments; Key points and concepts; References and further reading; Case study recommendations; Self-review questions Questions and problemsAssignments; Chapter 4 The decision-making process for investment appraisal; LEARNING OUTCOMES; Introduction; Evidence on the employment of appraisal techniques; Payback; Accounting rate of return; Internal rate of return: reasons for continued popularity; The managerial 'art' of investment appraisal; The investment process; Concluding comments; Key points and concepts; References and further reading; Case study recommendations; Self-review questions; Questions and problems; Assignment; Chapter 5 Project appraisal: capital rationing, taxation and inflation LEARNING OUTCOMESIntroduction; Capital rationing; Taxation and investment appraisal; Inflation; Concluding comments; Key points and concepts; References and further reading; Case study recommendations; Self-review questions; Questions and problems; Assignments; PART 3 Risk and return; Chapter 6 Risk and project appraisal; LEARNING OUTCOMES; Case study 6.1 Camelot; Introduction; What is risk?; Adjusting for risk through the discount rate; Sensitivity analysis; Scenario analysis; The risk of insolvency; Probability analysis; Problems of using probability analysis
Explore how finance theory works in practice with Corporate Financial Management, 6th edition. Find out how financial decisions are made within a firm, how projects are appraised to make investment decisions, how to evaluate risk and return, where to raise finance from and how, ultimately, to create value. Need extra support? Join over 10 million students benefiting from Pearson MyLabs. This title is supported by MyLab Finance, an online homework and tutorial system which can be used by students for self-directed study or instructors can choose to fully integrate this eLearning technology into