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Financial Management: Theory & Practice, 14E

Financial Management: Theory & Practice, 14E

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Gain the understanding of finance you need to make good decisions on the job and advance in your career, whether you work in finance or any other business discipline. Brigham/Ehrhardt�s FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 17E emphasizes key theoretical concepts, equipping you with practical tools for effective decision making. This updated edition focuses on corporate valuation and its importance in financial decisions as you examine the big picture as well as financial details. Chapters connect concepts and tools with fully integrated Excel models that you can apply to typical employment situations. Topics advance from fundamentals to strategic finance, linking recent events to finance in business or your personal life. MindTap online learning platform is also available to reinforce learning. With a relevant presentation, numerous examples and emphasis on Excel applications, this edition provides a comprehensive resource for use throughout your academic and business career.

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About the Book

The only text that strikes a balance between solid financial theory and practical applications, Brigham/Ehrhardt's FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 14e equips your students with a thorough understanding of the essential concepts they need to develop and implement effective financial strategies. The book begins with a presentation of corporate finance fundamentals before progressing to discussions of specific techniques used to maximize the value of a firm. It also explores the recent financial and economic crises and the role of finance in the business world and in your students' personal lives. With its relevant and engaging presentation, numerous examples, and emphasis on Excel usage, this text is the ideal choice for an introductory MBA course and serves as a complete reference tool for your students throughout their academic and business careers. Each new copy of Brigham/Ehrhardt's FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 14e, which gives students access to the same Thomson Reuters Financial database that business professionals use every day.

About the Author

Eugene F. Brigham Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham received his M.B.A. and Ph.D. from the University of California-Berkeley and his undergraduate degree from the University of North Carolina. Prior to joining the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin, and the University of California-Los Angeles. Dr. Brigham has served as president of the Financial Management Association and has written many journal articles on the cost of capital, capital structure, and other aspects of financial management. He has authored or co-authored ten textbooks on managerial finance and managerial economics that are used at more than 1,000 universities in the United States and have been translated into 11 languages worldwide. He has testified as an expert witness in numerous electric, gas, and telephone rate cases at both federal and state levels. He has served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy, and the RAND Corporation. Dr. Brigham continues to teach, consult, and complete research in addition to his academic writing. He spends his spare time on the golf course, enjoying time with his family and dogs, and tackling outdoor adventure activities, such as biking through Alaska. Michael C. Ehrhardt Dr. Michael C. Ehrhardt is a Professor in the Finance Department and is the Paul and Beverly Castagna Professor of Investments. He completed his undergraduate work in Civil Engineering at Swarthmore College. After working several years as an engineer, he earned his M.S. in Operations Research and Ph.D. in Finance from the Georgia Institute of Technology. Dr. Ehrhardt has taught extensively at the undergraduate, masters, and doctoral levels in the areas of investments, corporate finance, and capital markets. He has directed and served on numerous dissertation committees and is a member of the team that developed and delivered the integrative first year of the MBA program. Dr. Ehrhardt teaches in Executive Education Programs and consults in the areas of corporate valuation, value-based compensation plans, financial aspects of supply-chain management, and the cost of capital. He has been awarded the Allen G. Keally Outstanding Teacher Award, the Tennessee Organization of MBA Students Outstanding Faculty member, the College of Business Administration Research & Teaching Award, and the John B. Ross Outstanding Teaching Award in the College of Business. Much of his research focuses on corporate valuation and asset pricing models, including pricing models for interest-rate sensitive instruments. His work has been published in numerous journals, including The Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, The Financial Review, The Journal of Financial Research, and The Journal of Banking and Finance. He has also authored or co-authored several books addressing various areas of finance.



Table of Contents:
1: An Overview of Financial Management and the Financial Environment. Web Extensions. 1A: An Overview of Derivatives. 1B: A Closer Look at the Stock Markets. 2: Financial Statements, Cash Flow, and Taxes. Web Extensions. 2A: The Federal Income Tax System for Individuals. 3: Analysis of Financial Statements. 4: Time Value of Money. Web Extensions. 4A: The Tabular Approach. 4B: Derivation of Annuity Formulas. 4C: Continuous Compounding. 5: Bonds, Bond Valuation, and Interest Rates. Web Extensions. 5A: A Closer Look at Zero Coupon Bonds. 5B: A Closer Look at TIPS: Treasury Inflation-Protected Securities. 5C: A Closer Look at Bond Risk: Duration. 5D: The Pure Expectations Theory and Estimation of Forward Rates. 6: Risk and Return. Web Extensions. 6A: Continuous Probability Distributions. 6B: Estimating Beta with a Financial Calculator. 7: Valuation of Stocks and Corporations. Web Extensions. 7A: Derivation of Valuation Equations. 8: Financial Options and Applications in Corporate Finance. 9: The Cost of Capital. Web Extensions. 9A: The Required Return Assuming Nonconstant Dividends and Stock. Repurchases. 10: Basics of Capital Budgeting: Evaluating Cash Flows. Web Extensions. 10A: The Accounting Rate of Return (ARR). 11: Cash Flow Estimation and Risk Analysis. Web Extensions. 11A: Certainty Equivalents and Risk-Adjusted Discount Rates. 12: Corporate Valuation and Financial Planning. 13: Corporate Governance. 14: Distributions to Shareholders: Dividends and Repurchases. 15: Capital Structure Decisions. Web Extensions 15A: Degree of Leverage. 16: Supply Chains and Working Capital Management. Web Extensions. 16A: Secured Short-Term Financing. 17: Multinational Financial Management. 18: Public and Private Financing: Initial Offerings, Seasoned Offerings, and Investment Banks. Web Extensions. 18A: Rights Offerings. 19: Lease Financing. Web Extensions. 19A: Leasing Feedback. 19B: Percentage Cost Analysis. 19C: Leveraged Leases. 20: Hybrid Financing: Preferred Stock, Warrants, and Convertibles. Web Extensions. 20A: Calling Convertible Issues. 21: Dynamic Capital Structures. 22: Mergers and Corporate Control. Web Extensions. 22A: Projecting Consistent Debt and Interest Expenses. 23: Enterprise Risk Management. 24: Bankruptcy, Reorganization, and Liquidation. Web Extensions. 24A: Multiple Discriminant Analysis. 25: Portfolio Theory and Asset Pricing Models. 26: Real Options. Web Extensions. 26A: The Abandonment Real Option. 26B: Risk-Neutral Valuation. 27: Web Chapter: Providing and Obtaining Credit. 28: Web Chapter: Advanced Issues in Cash Management and Inventory Control. 29: Web Chapter: Pension Plan Management. 30: Web Chapter: Financial Management in Not-for-Profit Businesses. APPENDIX A: Solutions to Self-Test Problems. APPENDIX B: Answers to End-of-Problems. APPENDIX C: Selected Equations. APPENDIX D: Values of the Areas under the Standard Normal Distribution Function. GLOSSARY. NAME INDEX. SUBJECT INDEX


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Product Details
  • ISBN-13: 9788131526620
  • Publisher: Cengage Learning India
  • Publisher Imprint: South Western
  • Height: 254 mm
  • No of Pages: 1196
  • ISBN-10: 8131526623
  • Publisher Date: February, 2015
  • Binding: Paperback
  • Language: English
  • Width: 203 mm

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