Business Finance: Theory and Practice / Edition 7

Business Finance: Theory and Practice / Edition 7

by Eddie McLaney
     
 

Business Finance is an accessible introduction to decision making in firms - what investments a company should make and how they should be financed." "Taking a user's perspective, this textbook blends the theoretical, analytical and practical aspects of the subject, providing an up-to-date introduction to finance and investment. The book sets out the theories… See more details below

Overview

Business Finance is an accessible introduction to decision making in firms - what investments a company should make and how they should be financed." "Taking a user's perspective, this textbook blends the theoretical, analytical and practical aspects of the subject, providing an up-to-date introduction to finance and investment. The book sets out the theories surrounding financial decision making and relates these theories to what happens in practice, in the real world. Where theory and practice diverge, the book attempts to reconcile and explain the differences." "The book is suitable for undergraduate programmes, both those specialising in accounting and finance and those where a business finance/financial management course is part of some other programme. It is also suitable for postgraduate programmes, particularly those where accounting and finance is not the main focus of the programme. Professional accounting students should also find the book helpful in their studies.

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Product Details

ISBN-13:
9780273702627
Publisher:
Trans-Atlantic Publications, Incorporated
Publication date:
02/01/2006
Edition description:
REV
Pages:
536
Product dimensions:
7.60(w) x 10.40(h) x 0.90(d)

Meet the Author

Table of Contents

Preface
Plan of the book
Pt. 1The Business Finance Environment
1Introduction3
2A framework for financial decision making16
3Financial accounting statements and their interpretation35
Pt. 2Investment Decisions
4Investment appraisal methods69
5Practical aspects of investment appraisal98
6Risk in investment appraisal130
7The pricing of securities and its relevance to real investment decisions161
Pt. 3Financing Decisions
8Sources of long-term finance193
9The secondary capital market (the stock exchange) and its efficiency220
10Cost of capital estimations and the discount rate240
11Gearing, the cost of capital and shareholders' wealth259
12The dividend decision288
Pt. 4Integrated Decisions
13Management of working capital307
14Corporate restructuring (including takeovers and divestments)339
15International aspects of business finance361
16Small firms383
References401
App. 1Present value table407
App. 2Annuity table408
App. 3 - Suggested answers to review questions409
App. 4 - suggested answers to selected problem questions421
Index446

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