Corporate Finance: Decisions & Strategies,
8th ed
 

By: Richard Pike, et al.
October 2015
Pearson Education
Distributed by Trans-Atlantic Publications Inc.
ISBN: 9781292064062
896 Pages
$125.00 Paper Original


Description:

 

Now in its eighth edition, Corporate Finance and Investment is a popular and well-regarded text for students wanting to gain essential knowledge of corporate finance and the tools to apply it.

With its international perspective, the eighth edition has been thoroughly updated to now include important topics such as the impact of the financial crisis, along with additional material on risk management and behavioural finance. With its focus on strategic issues of finance in a business setting, this text uses the latest data, articles and figures to effectively illustrate the theory in practice.

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Contents:

List of figures and tables xii
‭Preface xiv
‭Guided tour xviii
‭Using MyFinanceLab xx
‭Acknowledgements xxii
‭Publisher’s acknowledgements xxiii


‭Part I A FRAMEWORK FOR FINANCIAL DECISIONS 1
‭1 An overview of financial management 3
‭2 The financial environment 23
‭3 Present values, and bond and share valuation 55


‭Part II INVESTMENT DECISIONS AND STRATEGIES 81
‭4 Investment appraisal methods 83
‭5 Project appraisal – applications 113
‭6 Investment strategy and process 140


‭Part III VALUE, RISK AND THE REQUIRED RETURN 159
‭7 Analysing investment risk 161
‭8 Relationships between investments: portfolio theory 189
‭9 Setting the risk premium: the Capital Asset Pricing Model 208
‭10 The required rate of return on investment 247
‭11 Enterprise value and equity value 270
‭12 Identifying and valuing options 303


‭Part IV SHORT-TERM FINANCING AND POLICIES 329
‭13 Risk and treasury management 331
‭14 Working capital and short-term asset management 359
‭15 Short- and medium-term finance 399


‭Part V STRATEGIC FINANCIAL DECISIONS 435
‭16 Long-term finance 437
‭17 Returning value to shareholders: the dividend decision 487
‭18 Capital structure and the required return 522
‭19 Does capital structure really matter? 559
‭20 Acquisitions and restructuring 592


‭Part VI INTERNATIONAL FINANCIAL MANAGEMENT 655
‭21 Managing currency risk 656
‭22 Foreign investment decisions 697
‭23 Key issues in modern finance: a review


‭Appendix A Solutions to self-assessment activities 761
‭Appendix B Solutions to selected questions 779
‭Appendix C Present value interest factor (PVIF) 811
‭Appendix D Present value interest factor for an annuity (PVIFA) 813


‭Glossary 815
‭References 830
‭Index 843