The only Introductory Finance text with a ‘keep it simple’ decision-making approach and unique industry perspective.
The continuing instability in global financial markets highlights the critical importance of making informed decisions that maximise corporate value while minimising risk.
Introduction to Corporate Finance 5e takes a unique industry approach that gives students a concise and complete overview of the financial decisions that corporations make, and the actual tools and analysis they use to do so.
This Australian text has been developed for one semester, undergraduate and postgraduate introductory finance courses. It is clear, concise and easy for students to follow, whilst still providing a rigorous and comprehensive introduction to the fundamentals of the finance industry.
Introduction to Corporate Finance may also be packaged with MyFinanceLab, a complete personalised, online study tool that saves you time and improves your results.
Introducing the new edition – Alex Frino video here: http://youtu.be/3sTxwfyEe_A
“Frino is a finance textbook written in relatively easy-to-understand, simple language, with good real-world examples,
that covers all the essentials of an introductory finance course.” - Michael Gangemi, RMIT
“The Frino text allows students to see clearly how market value for a firm is created. This text is suitable for instructors who know what is important
in corporate finance and drive to the heart of creating market value.” - Peter Phillips, USQ.
1 Preliminary concepts
2 A review of financial mathematics
3 Valuation of shares and bonds
4 Capital budgeting: Basic techniques
5 Capital budgeting: Further issues
6 Risk and return
7 Capital asset pricing model
8 Company cost of capital
9 Australian equities market
10 The pricing efficiency of capital markets
11 Dividend policy
12 Capital structure policy
13 Risk management
14 Working Capital (NEW)
• Brand NEW chapter (14) on Working Capital and Current Asset Management. This new chapter is critical in a world where liquidity is tight.
• Completely updated and refreshed chapter on Australian equity markets (Chapter 9)
• Increased coverage of Free Cash Flow in Chapter 5.
• Updated examples, references and figures throughout.
• Completely updated Practitioner Viewpoints written by Finance Practitioner Amelia Hill, Executive Director at at global investment bank Moelis and Co.
- Easy to read; the chapters progress in a logical manner and flow on from each other.
- Application of material to real life examples makes the text more interesting and relevant to students.
- Clean, uncluttered layout.
- Concept questions help students review their understanding of the topic they have just covered.
- Worked Examples show students how to logically work through the questions.
- Self-test questions, discussion questions and practical questions enable students and instructors to test understanding and progress.
MyFinanceLab is a personalised online learning experience that saves you time and improves your results. By taking the pre-loaded Sample Tests for each chapter your results generate an individualised Study Plan that helps you focus and optimise your study time. MyFinanceLab also gives you links to the e-text and a variety of interactive learning tools such as Videos, Power Points and Flashcards.
‘I LOVED MyFinanceLab. I have taken this course twice now and I passed the mid-semester exam for the first time because I was able to practise with MyFinanceLab.’
-Tabatha Rogers, Griffith University, Queensland
“Have used this and definitely think my students' grades have improved as a result”
- Kathleen Walsh, formerly of University of Sydney.
Visit www.pearson.com.au/myfinancelab for more information.
Learning and Teaching resources include:
• Instructor Solutions Manual
• Student Solutions Manual
• Power Points
• Video Case Studies – assessable
Professor Alex Frino
Alex Frino is Professor of Finance at the University of Sydney and the Chief Executive Officer of the Capital Markets Cooperative Research Centre. He holds an MPhil from Cambridge University and a PhD from Sydney University. He currently serves on the Disciplinary Tribunal of the Australian Securities Exchange.
Dr. Zhian Chen
Zhian Chen is a lecturer in finance at the University of New South Wales. He holds a PhD from the University of New South Wales and a MComm from the University of Sydney. His teaching focus is introductory finance, and his research speciality is corporate finance and corporate governance.
Dr. Amelia Hill
Amelia Hill works for Moelis & Co and was formerly the Executive Director of UBS Investment Bank and part of UBS’s leading Capital Markets Group. She holds a PhD and BEc (Hons) from the University of Sydney and received the University Medal in Finance. Amelia specialises in equity origination and has advised on numerous initial public offerings, secondary offerings and private capital raisings for public and private companies. In 2006 she was named by the BRW-East Coles survey as one of Australia’s Top 10 Equity Capital Markets Advisers.
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