Corporate Finance + MyLab Finance with Pearson eText (Package)

<div class="c-non-traditional-number-list_container"> <h4 class="h5">Preface</h4> <h4 class="h5">Acknowledgements</h4> <ol> <li><strong> The finance function</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>1.1 Two key concepts in corporate finance</li> <li>1.2 The role of the financial manager</li> <li>1.3 Corporate objectives</li> <li>1.4 How is shareholder wealth maximised?</li> <li>1.5 Agency theory</li> <li>1.6 Corporate governance</li> <li>1.7 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>Capital markets, market efficiency and ratio analysis</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>2.1 Sources of business finance</li> <li>2.2 Capital markets</li> <li>2.3 Capital market efficiency</li> <li>2.4 Assessing financial performance</li> <li>2.5 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong> Short-term finance and working capital management</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>3.1 The objectives of working capital management</li> <li>3.2 Working capital policies</li> <li>3.3 Working capital and the cash conversion cycle</li> <li>3.4 Overtrading</li> <li>3.5 Managing inventory</li> <li>3.6 Managing cash</li> <li>3.7 Managing trade receivables</li> <li>3.8 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>Long-term finance: equity finance</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>4.1 Equity finance</li> <li>4.2 The Stock Exchange</li> <li>4.3 Rights issues</li> <li>4.4 Scrip issues, share splits, scrip dividends and share repurchases</li> <li>4.5 Preference shares</li> <li>4.6 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>Long-term finance: debt finance, hybrid finance and leasing</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>5.1 Bonds, loan notes, loan stock and debentures</li> <li>5.2 Bank and institutional debt</li> <li>5.3 International debt finance</li> <li>5.4 Convertible bonds</li> <li>5.5 Warrants</li> <li>5.6 Valuing fixed interest bonds</li> <li>5.7 Valuing convertible bonds</li> <li>5.8 Leasing</li> <li>5.9 Evaluating the financial effects of financing choices</li> <li>5.10 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>An overview of investment appraisal methods</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>6.1 The payback method</li> <li>6.2 The return on capital employed method</li> <li>6.3 The net present value method</li> <li>6.4 The internal rate of return method</li> <li>6.5 Comparing the NPV and IRR methods</li> <li>6.6 The profitability index and capital rationing</li> <li>6.7 The discounted payback method</li> <li>6.8 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>Investment appraisal: applications and risk</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>7.1 Relevant project cash flows</li> <li>7.2 Taxation and capital investment decisions</li> <li>7.3 Inflation and capital investment decisions</li> <li>7.4 Investment appraisal and risk</li> <li>7.5 Appraisal of foreign direct investment</li> <li>7.6 Empirical investigations of investment appraisal</li> <li>7.7 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>Portfolio theory and the capital asset pricing model</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>8.1 The measurement of risk</li> <li>8.2 The concept of diversification</li> <li>8.3 Investor attitudes to risk</li> <li>8.4 Markowitz's portfolio theory</li> <li>8.5 Introduction to the capital asset pricing model</li> <li>8.6 Using the CAPM to value shares</li> <li>8.7 Empirical tests of the CAPM</li> <li>8.8 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>The cost of capital and capital structure</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>9.1 Calculating the cost of individual sources of finance</li> <li>9.2 Calculating the weighted average cost of capital</li> <li>9.3 Average and marginal cost of capital</li> <li>9.4 The CAPM and investment appraisal</li> <li>9.5 Practical problems with calculating WACC</li> <li>9.6 WACC in the real world</li> <li>9.7 The cost of capital for foreign direct investment</li> <li>9.8 Gearing: its measurement and significance</li> <li>9.9 The concept of an optimal capital structure</li> <li>9.10 The traditional approach to capital structure</li> <li>9.11 Miller and Modigliani (I): net income approach</li> <li>9.12 Miller and Modigliani (II): corporate tax</li> <li>9.13 Market imperfections</li> <li>9.14 Miller and personal taxation</li> <li>9.15 Pecking order theory</li> <li>9.16 Conclusion: does an optimal capital structure exist?</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>Dividend policy</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>10.1 Dividends: operational and practical issues</li> <li>10.2 The effect of dividends on shareholder wealth</li> <li>10.3 Dividend irrelevance</li> <li>10.4 Dividend relevance</li> <li>10.5 Dividend relevance or irrelevance?</li> <li>10.6 Dividend policies</li> <li>10.7 Alternatives to cash dividends</li> <li>10.8 Empirical evidence on dividend policy</li> <li>10.9 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>Mergers and takeovers</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>11.1 The terminology of mergers and takeovers</li> <li>11.2 Justifications for acquisitions</li> <li>11.3 Trends in takeover activity</li> <li>11.4 Target company valuation</li> <li>11.5 The financing of acquisitions</li> <li>11.6 Strategic and tactical issues</li> <li>11.7 Divestment</li> <li>11.8 Private equity</li> <li>11.9 Empirical research on acquisitions</li> <li>11.10 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> <li><strong>Risk management</strong> <h4 class="h5">Learning objectives</h4> <h4 class="h5">Introduction</h4> <ul> <li>12.1 Interest and exchange rate risk</li> <li>12.2 Internal risk management</li> <li>12.3 External risk management</li> <li>12.4 Futures contracts</li> <li>12.5 Options</li> <li>12.6 Swaps</li> <li>12.7 Issues in interest and exchange risk management</li> <li>12.8 Political risk</li> <li>12.9 Conclusion</li> </ul> <h4 class="h5">Key points</h4> <h4 class="h5">Self-test questions</h4> <h4 class="h5">Questions for review</h4> <h4 class="h5">Questions for discussion</h4> <h4 class="h5">References</h4> <h4 class="h5">Recommended reading</h4> </li> </ol> <h4 class="h5">Answers to self-test questions</h4> <h4 class="h5">Glossary</h4> <h4 class="h5">Present value tables</h4> <h4 class="h5">Index</h4> </div>