Financial Management Fundamentals (9th Edition) (1)

Author: (USA) Brigham, Houston
Publisher:
Publish Date: 2004-11-01
Features: This book begins with a discussion of financial goals. In this section, we explain how company managers and investors use financial statements and how they can achieve their financial goals through better decision-making. We discuss how incentive pay and the risk of corporate acquisition can motivate managers to improve operational performance, and how performance improvements can benefit shareholders and society as a whole. In earlier chapters, we describe the environment of financial management, financial forecasting, the basic principles of risk and return trade-offs, and the time value of money. Building on these fundamental concepts, we then explore the determination of stock and bond prices. Based on the above content, the subsequent chapters introduce relevant financial tools and techniques that can help companies improve decision-making and achieve value maximization. These include capital budgeting techniques, methods for determining capital structure, and working capital management, among others. The last four chapters of the book explore topics such as derivative instruments and risk management, international financial management, hybrid financing, and mergers and acquisitions.