Corporate Finance and Investment

Were you looking for the book with access to MyFinanceLab? This product is the book alone, and does NOT come with access to MyFinanceLab. Buy Corporate Finance and Investment, plus MyFinanceLab (ISBN 9781292064161) if you need access to the MyLab as well, and save money on this brilliant resource. 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. MyFinanceLab: Join over 10 million students benefiting from Pearson MyLabs This title can be supported by MyFinanceLab, an online tutorial and assessment centre available to aid your learning in finance. You need both an access card and a course ID to access MyFinanceLab 1. Is your lecturer using MyFinanceLab? Ask your lecturer for your Course ID 2. Has an access card been included with the book at a reduced cost? Check the inside back cover of the book 3. If you have a Course ID but no access card go to www.myfinancelab.com to buy access to this interactive study programme. Richard 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. Philip Linsley is Senior Lecturer in Accounting and Finance at the University of York.[RP1] [RP1]Are there any changes you wish to be made in this section?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