000 10602cam a22002654a 4500
999 _c300
_d300
001 1440
005 20200820113544.0
008 040122s2005 njua 001 0 eng
020 _a0131450654
020 _a9780131450653
020 _a0131273183 (pbk.)
020 _a9780131273184 (pbk.)
040 _cPK
082 0 0 _a658.15
_222
_bK379
245 0 0 _aFinancial management :
_bprinciples and applications /
_cArthur J. Keown
250 _a10th ed.
260 _aNew Dehli :
_bPearson/Prentice Hall,
_c2006
300 _a801 p.
500 _aIncludes indexes.
650 0 _aBusiness enterprises
_xFinance.
650 0 _aCorporations
_xFinance.
700 1 _aKeown, Arthur J.
942 _cBK
505 0 _a1. Contents 2. Preface 00 3. Part 1: the scope and environment of financial management 4. Chapter 1 5. An introduction to financial management??00 6. What is finance???00 7. Goal of the firm??00 8. Legal forms of business organization??00 9. Ten principles that form the basics of financial management??00 10. Principle 1: the risk-return trade-off?we won?t take on additional risk unless we expect to be compensated 11. With additional return??00 12. Principle 2: the time value of money?a dollar received today is worth more than a dollar received in the 13. Future??00 14. Principle 3: cash?not profits?is king??00 15. Principle 4: incremental cash flows?it?s only what changes that counts??00 16. Principle 5:the curse of competitive markets?why it?s hard to find exceptionally profitable projects??00 17. Principle 6: efficient capital markets?the markets are quick and the prices are right??00 18. Principle 7: the agency problems?manager?s won?t work for owners unless it?s in their best interest??00 19. Principle 8: taxes bias business decisions??00 20. Principle 9: all risk is not equal?some risk can be diversified away, and some cannot??00 21. Principle 10: ethical behavior is doing the right thing, and ethical dilemmas areeverywhere in finance??00 22. Overview of the text??00 23. Finance and the multinational firm: the new role?? 24. How financial managers use this material 25. Summary?00 26. Chapter 2 27. Understanding financial statements, taxes, and cash flows 28. The income statement: measuring a company?s profits 29. The balance sheet: measuring a firm?s book value 30. Computing a company?s taxes 31. Measuring free cash flows 32. Financial statements and international finance 33. How financial managers use the information from financial statements 34. Summary 35. Chapter 3 36. Evaluating a firm?s financial performance 37. Financial ratio analysis 38. The dupont analysis: an integrative approach to ratio analysis 39. Summary 40. Chapter 4 41. Financial forecasting, planning, and budgeting 42. Financial forecasting 43. Limitations of the percent of sales forecast method 44. The sustainable rate of growth 45. Financial planning and budgeting 46. How financial managers use this material 47. Summary 48. Part 2: valuation of financial assets 49. Chapter 5 50. The time value of money 51. Compound interest and future value 52. Compound interest with nonannual periods 53. Annuities?a level stream 54. Annuities due 55. Present value of complex stream 56. Perpetuities and infinite annuities 57. Making interest rates comparable 58. The multinational firm: the time value of money 59. Summary 60. Chapter 6 61. Risk and rates of return 62. Rates of return in the financial markets 63. The relationship between risk and rates of return 64. The effects of inflation on rates of return and the fisher effect 65. The term ?structure of interest rates? 66. Expected return 67. Risk 68. Risk and diversification 69. Measuring market risk 70. Measuring a portfolio?s beta 71. The investor?s required rate of return 72. Summary 73. Chapter 7 74. Valuation and characteristics of bonds 75. Types of bonds 76. Terminology and characteristics of bonds 77. Definitions of value 78. Determinants of value 79. Valuation: the basic process 80. Bond valuation 81. The bondholder?s expected rate of return (yield to maturity) 82. Bond valuation: five important relationships 83. How financial managers use this material 84. Summary 85. Chapter 8 86. Stock valuation 87. Features and types of preferred stock 88. Valuing preferred stock 89. Characteristics of common stock 90. Valuing common stock 91. Stockholder?s expected rate of return 92. How financial managers use this material 93. Summary 94. Part 3: investment in long-term assets 95. Chapter 9 96. Finding profitable projects 97. Payback period 98. Net present value 99. Profitability index (benefit/cost ratio) 100. Internal rate of return 101. Ethics in capital budgeting 102. A glance at actual capital-budgeting practices 103. The multinational firm: capital budgeting 104. How financial managers use this material 105. Summary 106. Chapter 10 107. Cash flows and other topics in capital budgeting 108. Guidelines for capital budgeting 109. An overview of the calculations of a project?s free cash flows 110. Complications in capital budgeting: capital rationing and mutually exclusive projects 111. How financial managers use this material 112. The multinational firm: the international complications in calculating expected free cash flows 113. Summary 114. Chapter 11 115. Capital budgeting and risk analysis 116. Risk and the investment decision 117. Methods for incorporating risk into capital budgeting 118. Other approaches to evaluating risk in capital budgeting 119. How financial managers use this material 120. The multinational firm: capital budgeting and risk 121. Summary 122. Chapter 12 123. Cost of capital 124. The cost of capital: key definitions and concepts 125. Determining individual costs of capital 126. The weighted average cost of capital 127. Cost of capital in practice: briggs & stratton 128. Calculating divisional costs of capital: pepsico, inc. 129. Using a firm?s cost of capital to evaluate new capital investments 130. How financial managers use this material 131. Summary 132. Chapter 13 133. Managing for shareholder value 134. Who are the top creators of shareholder value? 135. Business valuation?the key to creating shareholder value 136. Value drivers 137. Economic value added (eva) 138. Paying for performance 139. Linking incentive compensation to performance 140. How financial managers use this material 141. Summary 142. Part 4: capital structure and dividend policy 143. Chapter 14 144. Raising capital in the financial markets 145. The financial manager, internal and external funds, and flexibility 146. The mix of corporate securities sold in the capital market 147. Why financial markets exist 148. Financing of business: the movement of funds through the economy 149. Components of the u.s. Financial market system 150. The investment banker 151. More on private placements: the debt side 152. Flotation costs 153. How financial managers use this material 154. Summary 155. Chapter 15 156. Analysis and impact of leverage 157. Business and financial risk 158. Break-even analysis 159. Operating leverage 160. Financial leverage 161. Combination of operating and financial leverage 162. The multinational firm: business risk and global sales 163. How financial managers use this material 164. Summary 165. Chapter 16 166. Planning the firm?s financing mix 167. Key terms and getting started 168. A glance at capital structure theory 169. Basic tools of capital structure management 170. The multinational firm: beware of currency risk 171. How financial managers use this material 172. Summary 173. Chapter 17 174. Dividend policy and internal financing 175. Dividend payment versus profit retention 176. Does dividend policy affect stock price?4 177. The dividend decision in practice 178. Dividend payment procedures 179. Stock dividends and stock splits 180. Stock repurchases 181. The multinational firm: the case of low dividend payments?so where do we invest? 182. How financial managers use this material 183. Summary 184. Part 5: working-capital management and special topics in finance 185. Chapter 18 186. Working-capital management and short-term financing 187. Managing current assets and liabilities 188. Working-capital management and the risk-return trade-off 189. Advantages of current liabilities: the return 190. Appropriate level of working capital 191. Hedging principles 192. Calculate a firm?s cash conversion cycle and interpret its component parts 193. Estimation of the cost of short-term credit 194. Sources of short-term credit 195. Summary 196. Chapter 19 197. Cash and marketable securities management 198. What are liquid assets? 199. Why a company holds cash 200. Cash-management objectives and decisions 201. Collection and disbursement procedures 202. Composition of marketable securities portfolio 203. The multinational firm: the use of cash and marketable securities 204. How financial managers use this material 205. Summary 206. Chapter 20 207. Accounts receivable and inventory management 208. Accounts receivable management 209. Inventory management 210. Tqm and inventory-purchasing management: the new supplier relationships 211. How financial managers use this material 212. Summary 213. Chapter 21 214. Risk management 215. Futures 216. Options 217. Currency swaps 218. The multination firm and risk management 219. How financial managers use this material 220. Summary 221. Chapter 22 222. International business finance 223. The globalization of product and financial markets 224. Exchange rates 225. Interest-rate parity theory 226. Purchasing power parity 227. Exposure to exchange rate risk 228. Multinational working-capital management 229. International financing and capital-structure decisions 230. Direct foreign investment 231. How financial managers use this material 232. Summary 233. Chapter 23 234. Corporate restructuring: combinations and divestitures 235. Why mergers might create wealth 236. Determination of a firm?s value 237. Divestitures 238. How financial managers use this material 239. Summary 240. Chapter 24 241. Term loans and leases 242. Term loans 243. Leases 244. How financial managers use this material 245. Summary 246. Appendixes 000 247. Glossary 000 248. Indexes 000