Description
Book SynopsisRichard Pike is Emeritus Professor of Finance at the School of Management, University of Bradford.
Bill Neale has lectured and researched at several UK Universities and is now freelancing.
Saeed Akbar is a Professor in Accounting and Finance at the Hull University Business School, University of Hull.
Philip Linsley is a Professor in Accounting and Finance at the University of York.
Table of ContentsList of figures and tables Preface Authors' acknowledgements Publisher's acknowledgements
Part I A framework for financial decisions
- An overview of financial management
- The financial environment
- Present values, and bond and share valuation
Part II Investment decisions and strategies
- Investment appraisal methods
- Project appraisal – applications
- Investment strategy and process
Part III Value, risk and the required return
- Analysing investment risk
- Relationships between investments: portfolio theory
- Setting the risk premium: the Capital Asset Pricing Model (CAPM)
- The required rate of return on investment
- Enterprise value and equity value
- Identifying and valuing options
Part IV Short-term financing and policies
- Risk and treasury management
- Working capital and short-term asset management
- Short- and medium-term finance
Part V Strategic financial decisions
- Long-term finance
- Returning value to shareholders: the dividend decision
- Capital structure and the required return
- Does capital structure really matter?
- Acquisitions and re-structuring
Part VI International financial management
- Managing currency risk
- Foreign investment decisions
- Key issues in modern finance: a review
Appendix A Solutions to self-assessment activities
Appendix B Solutions to selected questions
Appendix C Present value interest factor (PVIF)
Appendix D Present value interest factor for an annuity (PVIFA) Glossary References Index
