Essentials of Financial Management 3rd Edition
Eugene F. Brigham | Joel F. Houston | Hsu Jun-ming | Kong Yoon Kee | A.N. Bany-Ariffin
ISBN-13: 9789814441377 | ISBN-10: 9814441376
© 2014 | Published |  0  Pages

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Paperback
US $139.95
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The third edition of Essentials of Financial Management continues to provide students with a focused understanding of today’s corporate finance and financial management. This market-leading text offers a unique balance of clear concepts, contemporary theory, and practical applications in order to help students understand the concepts and reasons behind corporate budgeting, financing, working capital decision making, forecasting, valuation, and Time Value of Money (TVM). It has been updated to include discussions of several major events such as the BP oil spill, the European debt crisis, and the ongoing weakness in the US economy and financial markets.



  • PART I. Introduction to Financial Management.
    1. An Overview of Financial Management.
    2. Financial Markets and Institutions.
    PART II. Fundamental Concepts in Financial Management and Financial Forecasting.
    3. Financial Statements, Cash Flow, and Taxes.
    4. Analysis of Financial Statements.
    5. Time Value of Money.
    6. Financial Planning and Forecasting.
    PART III. Financial Assets.
    7. Interest Rates.
    8. Risk and Rates of Return.
    9. Bonds and Their Valuation.
    10. Stocks and Their Valuation.
    PART IV. Investing in Long-Term Assets: Capital Budgeting.
    11. The Cost of Capital.
    12. The Basics of Capital Budgeting.
    13. Cash Flow Estimation and Risk Analysis.
    14. Real Options and Other Topics in Capital Budgeting.
    PART V. Capital Structure, Dividend Policy, and Working Capital Management.
    15. Capital Structure and Leverage.
    16. Distributions to Shareholders, Dividends and Share Repurchases.
    17. Working Capital Management.
    PART VI Special Topics in Financial Management.
    18. Derivatives and Risk Management.
    19. Multinational Financial Management.
    20. Hybrid Financing: Preferred Stock, Leasing, Warrants, and Convertibles.
    21. Mergers and Acquisitions.
    App. A. Solutions to Self-Test Questions and Problems.
    App. B. Answers to Selected End-of-Chapter Problems.
    App. C. Selected Equations and Tables.
    App. D. Frequently Used Symbols/Abbreviations.
    App. E. Future and Present Values Table.
    Index

    • Learning Tools Ensure Student Understanding. Self-test Problems for students appear immediately after each major section of the chapter and enable students to test their comprehension before moving ahead. In addition, integrated spreadsheet models guide students in developing effective techniques for financial problem solving.
    • New Web Appendices Added: Two new Web Appendices on "Common Sized Balance Sheets" and "Duration."
    • Author-Written Supplements Provide Consistency. Prepared by the authors to ensure consistency, the seamless, integrated package includes an Instructor’s Manual, Test Bank, as well as resources such as Web Appendixes, Excel Spreadsheet Models, and a Glossary.
    • Balance of Theory and Practice Keeps Students Engaged and Focused. Introduces important financial theories using a practically focused presentation. Students immediately see the impact and importance of financial theories and trends at work through recent real financial and business world examples, practical problem sets, and integrated mini-cases.
    • More Emphasis on the Clarity of Key Topics: Clarifies the discussion of free cash flow, its effects on the value of common stocks, and the value of corporate projects. The connections between derivatives and the financial crisis are discussed and recent hybrids such as Warren Buffet’s investment in Goldman Sachs are highlighted.
    • Updated Excel Models: Help students learn how to use Excel to solve problems that require computational analysis with updated spreadsheet models that parallel the discussion of each topic.
    • New Sets of “Quick Questions” to Mimic Classroom Activities: Guides students through a systematic process of solving problems in set-aside boxes within the text.
    • Expanded Real-World Examples: Presents more real-life examples to help students bridge the gap between concept and application, including a broader discussion of the role of hedge funds and private equity of major firms, a detailed breakdown of the cash conversion cycle components, and extensive updates to the topics of corporate bond ratings, yields, and dividend payouts.
For more information about these supplements, or to obtain them, contact your Learning Consultant

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  • 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.

    Joel F. Houston is the John B. Hall Professor of Finance at the University of Florida. He received his M.A. and Ph.D. from the Wharton School at the University of Pennsylvania, and his undergraduate degree from Franklin and Marshall College. Prior to his appointment at the University of Florida, Dr. Houston was an Economist at the Federal Reserve Bank of Philadelphia. Joel's research is primarily in the areas of corporate finance and financial institutions, and his work has been published in a number of top journals including THE JOURNAL OF FINANCE, JOURNAL OF FINANCIAL ECONOMICS, JOURNAL OF BUSINESS, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS AND FINANCIAL MANAGEMENT. Professor Houston also currently serves as an Associate Editor for the JOURNAL OF MONEY, CREDIT AND BANKING, the JOURNAL OF FINANCIAL SERVICES RESEARCH and the JOURNAL OF FINANCIAL ECONOMIC POLICY. Since arriving at the University of Florida in 1987, Joel has received 19 teaching awards, and has been actively involved in both undergraduate and graduate education. In addition to co-authoring leading textbooks in financial management, Dr. Houston has participated in management education programs for the PURC/World Bank Program, Southern Company, Exelon Corporation and Volume Services America. Joel enjoys playing golf and tennis and spending time with his wife (Sherry) and two children (Chris and Meredith). He is an avid sports fan who follows the Florida Gators, and the Pittsburgh Steelers, Pirates and Penguins.

    Dr. Hsu Jun-ming is Professor at the Department of Finance, National Chung Hsing University, Taiwan. He holds a PhD in Finance from Syracuse University. He teaches courses in financial management, investments, investment banking, international financial management and his research focuses on corporate finance and investment banking. He has published in internationally renowned journals such as the Journal of International Financial Markets, Institutions and Money, Journal of Financial Studies, Emerging Markets and Trade, Journal of Investing, Pacific Economic Review, and Review of Securities and Futures Markets.

    Dr. Kong Yoon Kee, CFA, FRM, is Senior Lecturer at the Division of Banking and Finance, Nanyang Business School, Nanyang Technological University. He holds a PhD in Finance from Nanyang Technological University. He teaches courses in financial management, business finance, financial markets and institutions, equity securities, derivatives, and treasury and risk management. His research focus is on derivatives software analytics, financial risk management and asset pricing. Prior to joining the academia, he has extensive finance and banking experience having worked in leading multinational and Singaporean banks. His industry experience covers the areas of money and capital markets, equities, foreign exchange, futures, options, financial engineering and structuring, and risk management.

    Dr. A.N. Bany-Ariffin is Associate Professor at the Faculty of Economics and Management, Universiti Putra Malaysia. He received his DBA from the Faculty of Economics and Business, National University of Malaysia and his MBA and BBA from the University of Oklahoma. He was an adaptor for the 2nd edition of the Essentials of Financial Management and has published in journals such as the International Review of Financial Analysis, Studies in Economics and Finance, and Asian Economic Review. He has also presented numerous working papers for international and Malaysian finance-related conferences. His current research interests include corporate finance, ownership structure, asset valuation and corporate governance, and firms’ internationalization process.