Corporate Finance and Investment: Decisions and Strategies (7e)

Corporate Finance and Investments, now in its seventh edition, is a popular and well-regarded text for students of corporate finance. The text takes a practical approach, focusing on the strategic issues of finance in a business setting.

With clear and accessible language and an international perspective, the seventh edition will provide students with both essential knowledge of corporate finance and the tools to apply it.

List of figures and tables
Preface
Guided tour
Using MyFinanceLab
Acknowledgements
Publisher's acknowledgements

Part I  A Framework for Financial Decisions
1  An overview of financial management
2  The financial environment
3  Present values, and bond and share valuation

Part II  Investment Decisions and Strategies
4  Investment appraisal methods
5  Project appraisal - applications
6  Investment strategy and process

Part III  Value, Risk and the Required Return
7  Analysing investment risk
8  Relationships between investments: portfolio theory
9  Setting the risk premium:  the Capital Asset Pricing Model
10 The required rate of return on investment
11 Enterprise value and equity value
12  Identifying and rating options

Part IV  Short-Term Financing and Policies
13 Risk and treasury management
14 Short-term asset management
15 Short- and medium-term finance

Part V  Strategic Financial Decisions
16 Long-term finance
17 Returning value to shareholders:  the divident decision
18 Capital structure and the required return
19 Does capital structure really matter?
20 Acquisitions and restructuring

Part VI  International Financial Management
21 managing currency risk
22 Foreign investment decision
23 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

• New material and increased coverage of corporate risk management techniques and systems and corporate governance.

• Numerous figures, charts, statistics and tables, using the latest data

• New articles in every chapter that illustrate how theory is being used in practice

• A new co-author, Philip Linsley, who has expertise in field of risk management.

• A strategic focus relating finance to management issues, setting the subject in the context of corporate decision-making.
• Easy to read! Clear language, diagrams, and worked examples of maths applications make it easy to understand.
• A blend of theory and practice using real world examples, mini-case studies and cameos, all of which help students apply their learning.
• Supported by MyFinanceLab.

Richard Pike is a Chartered Accountant and Professor of Finance at the Bradford University School of Management

Bill Neale is Associate Reader in Financial Management at the University of Bournemouth Institute of Business & Law. He is an experienced teacher, consultant and writer, and is the co-author, with Trefor McElroy, of the Pearson Education text Business Finance: A Value-Based Approach.

Philip Linsley trained as a Chartered Accountant and is a Senior Lecturer in Accounting and Finance at the University of York. His research interests include Risk Disclosure, Risk and Accounting, and Risk Management Systems.