Corporate finance: financial management in a global environment
- India Wiley India Pvt. Ltd. 2015
- xviii, 812p.
Part 1 The Financial Environment
Chapter 1 An Introduction to Finance
1.1 What is finance?
1.2 Financial instruments and markets
1.3 The global financial crisis
Appendix 1A Careers in Finance
Chapter 2 Financial Management
2.1 Forms of business organizations
2.2 The goals of the business enterprise
2.3 The role of management and agency issues
2.4 Financial management
Case 2.1 The Tex Tech Company
Case 2.2 To invest or not to invest
Part 2 Financial Analysis
Chapter 3 Financial Statements
3.1 Accounting principles
3.2 Financial statements
3.3 The tax system
Case 3.1 Finns' Fridges
Case 3.2 Charlotte Honey Bee Company
Chapter 4 Financial Statement Analysis
4.1 A framework for financial analysis
4.2 Financial ratios
4.3 Using financial ratios
Case 4.1 Ratio Analysis of the Backup Zone
Case 4.2 Applying Altman's Model to IBM
Part 3 The Basics of Valuation
Chapter 5 The Time Value of Money
5.1 Time is money
5.2 Annuities and perpetuities
5.3 Nominal and effective rates
5.4 Applications
Case 5.1 Saving for retirement, considering different scenarios
Case 5.2 Evaluating an investment
Chapter 6 Debt Valuation and Interest Rates
6.1 The basics of bonds
6.2 Bond valuation
6.3 Bond yields
6.4 Government debt obligations
6.5 Interest rates
Case 6.1 Slice & Dice
Chapter 7 Equity Valuation
7.1 Equity securities
7.2 Discounted cash flow approaches to valuing equity
7.3 Using multiples to value equity
Case 7.1 Big G Company
Case 7.2 The Denver Company
Case 7.3 Nova Lobster Company
Appendix 7A A Short Primer on Bubbles
Part 4 Capital Market Theory and Financial Management
Chapter 8 Risk, Return and Portfolio Theory
8.1 Measuring returns
8.2 Measuring risk
8.3 Expected return and risk for portfolios
8.4 The efficient frontier
8.5 Diversification
8.6 A comprehensive example
The standard deviation
Case 8.1 The Boise Boyz Company
Chapter 9 Asset Pricing
9.1 The efficient frontier
9.2 The capital asset pricing model
9.3 The CAPM and market risk
9.4 Alternative asset pricing models
9.5 Market efficiency
9.6 Behavioral finance and financial management
Case 9.1 Morgantown Company Stock
Case 9.2 JPMorgan Chase's Sinking Profit
Part 5 Long-Term Investment Decisions
Chapter 10 Capital Budgeting Decisions
10.1 The capital budgeting process
10.2 Evaluating investment projects
10.3 Special issues
Case 10.1 The Austin Saddle Company Expansion
Appendix 10A Dealing with unequal lives
Chapter 11 Capital Budgeting: Cash Flows and Risk
11.1 Identifying relevant cash flows
11.2 Estimating cash flows
11.3 Sensitivity to inputs
11.4 Replacement decisions
11.5 Inflation and capital budgeting
Case 11.1 The Jam Music Company
Case 11.2 Can Tax Credits Make Solar Panels Profitable?
Appendix 11A Integrative Problem: Dazzle
Part 6 Long-Term Financing
Chapter 12 Debt Instruments
12.1 What is debt?
12.2 Short-term instruments
12.3 Long-term instruments
12.4 Bond ratings
Case 12.1 General Electric's Bond Rating Downgrade
Chapter 13 Equity and Hybrid Instruments
13.1 Shareholders' equity
13.2 Common equity
13.3 Preferred equity
13.4 Hybrid securities
Case 13.1 Angel Financing and St. Paul
Chapter 14 Cost of Capital
14.1 The marginal cost of capital schedule
14.2 Estimating the weights
14.3 Estimating the costs of capital
14.4 Assembling the pieces
Case 14.1 The Lazquez Company
Case 14.2 The Cost of Capital of Merck & Co.
Part 7 Financial Policies
Chapter 15 Capital Structure Decisions
15.1 Operating and financial leverage
15.2 The Modigliani and Miller theorems
15.3 Capital structure in practice
Case 15.1 Analyzing Delta Air Lines
Chapter 16 Dividend Policy
16.1 Distributions to shareholders
16.2 Why do companies pay cash dividends?
16.3 Dividend policy in practice
Case 16.1 Safe-n-Secure
Case 16.2 Cautious George Company
Part 8 Financial Management: Capstone
Chapter 17 Financial Planning, Forecasting and Risk Management
17.1 The role of financial planning in a business entity
17.2 Methods of forecasting
17.3 Risk management
Case 17.1 Peterson Wake-up Calls
Chapter 18 Derivatives
18.1 Options
18.2 Forward and futures contracts
18.3 Swaps
Case 18.1 The Vanilla Bean Company
Chapter 19 Working Capital Management
19.1 Analyzing working capital
19.2 Managing cash and cash equivalents
19.3 Managing accounts receivable
19.4 Managing inventory
19.5 Short-term financing considerations
Case 19.1 Mikopo and Trade Credit
Chapter 20 Leasing
20.1 Leasing arrangements
20.2 Accounting issues
20.3 Evaluating the lease decision
Case 20.1 Malcolm as Tax Czar
Chapter 21 Mergers and Acquisitions
21.1 Types of takeovers
21.2 Motives for mergers and acquisitions
21.3 Valuation issues
21.4 Accounting for acquisitions
Case 21.1 The Merger of Alpha and Beta
Case 21.2 Stanford Sausage Company
Appendix
Answers to Multiple Choice
Questions
Glossary
Index
Description Corporate Finance by Booth, Cleary, & Drake is designed for a corporate finance course that focuses on decision making for a business enterprise. Authors Booth, Cleary and Drake introduce students to the fundamental concepts in corporate finance through a step-by-step approach to working problems using extensive spreadsheet and calculator assistance. The authors also provide in-depth coverage at challenging topics in finance including derivatives and leasing. (https://www.wileyindia.com/corporate-finance-financial-management-in-a-global-environment.html)
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Corporations--Finance Financial statements Business enterprises--Finance