Corporate Finance & Investment, 4th Edition
Decisions & Strategies
By Richard Pike & Bill Neale
Pearson Education Limited / Prentice Hall
June 2003
ISBN: 0-273-65138-2
915 Pages, Illustrated, 7 1/2" x 9 3/4"
$92.50 paper original
This popular text has been extensively revised and updated for this fourth edition. Whilst significant new material has been added, the book continues to balance the conceptual and technical aspects of Corporate Finance, without allowing theory to dominate practice. Extensive examples illustrate how the concepts of financing and investment decisions can be applied to practical management and business policy issues.Corporate Finance and Investment is highly suitable for undergraduates studying for Accounting, Finance and Business Studies degrees, as well as for those taking MBA and other postgraduate level courses in corporate finance.
Features
A strategic focus relating finance to management issues to set the subject in context of corporate decision-making and planning. Clear and accessible style presents maths using worked examples and diagrams to aid understanding and highlight application A UK/European perspective comprehensively addressing issues in Europe Practical orientation blending theory and practice and featuring a wealth of real-world examples, case studies and cameos to help students to learn how to apply their knowledge. Recommended by CIMA and ACCA.Contents
Part 1 A framework for financial decisions 1. An overview of financial management 2. The financial environment 3. Present values and financial arithmetic 4. Valuation of assets, shares and companies
Part 2 Investment decisions and strategies 5. Investment appraisal methods 6. Project appraisal – applications 7. Investment strategy and process 8. Foreign Investment Decisions
Part 3 Investment Risk and Return 9. Analysing investment risk. 10. Relationships between investments: portfolio theory 11. Setting the Risk Premium: the capital asset pricing model 12. The required rate of return on investment and shareholder value analysis 13. Identifying and valuing options
Part 4 Short-term financing and policies 14. Treasury Management and working capital policy 15. Short-term asset management. 16. Short - and - medium term finance. 17. Managing currency risk 18. Long-term finance 19. Returning value to shareholders: the dividend decision 20. Capital structure and the required return 21. Does capital structure really matter 22. Acquisition and restructuring
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