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Corporate Finance, European Edition

Corporate Finance, European Edition

Peter Moles, Robert Parrino, David S. Kidwell

ISBN: ES8-0-470-68370-5

Select type: WileyPLUS

Description

Adopting a modular format, Corporate Finance is the only text you will need for your finance students to succeed.    

Corporate Finance helps students develop the intuition and analytical skills necessary to effectively apply financial tools in real-world decision-making situations.  The authors provide a fully integrated framework for understanding how value creation relates to all aspects of corporate finance; whether it be evaluating an investment opportunity, determining the appropriate financing for a business, or managing working capital.  This unique and integrated framework also provides robust coverage of problem solving and decision-making skills.

An essential resource featuring video clips on topical issues from the world of international finance, as well as questions for classroom discussion is available to aid teaching: www.wileyfinanceupdates.com – subscribe today!

Related Resources

About the authors.

Preface.

Organisation and coverage.

Proven Pedagogical Framework.

Instructor and student Resources.

Acknowledgements.

Part One. Introduction.

Chapter 1. The Financial Manager and The Firm.

Part Two. Foundations.

Chapter 2. The Financial Environment and the Level of Interest Rates.

Chapter 3. Financial Statements, Cash Flows and Taxes.

Chapter 4. Analysing Financial Statements.

Part Three. Valuation of Future Cash Flows and Risk.

Chapter 5. The Time Value of Money.

Chapter 6. Discounted Cash Flows and Valuation.

Chapter 7. Risk and Return.

Chapter 8. Bond Valuation and the Structure of Interest Rates.

Chapter 9. Share Valuation.

Part Four. Capital Budgeting Decisions.

Chapter 10. The Fundamentals of Capital Budgeting.

Chapter 11. Cash Flows and Capital Budgeting.

Chapter 12. Evaluating Project Economics and Capital Rationing.

Chapter 13. The Cost of Capital.

Part Five. Working Capital Management and Financial Decisions.

Chapter 14. Working Capital Management.

Chapter 15. How Firms Raise Capital.

Chapter 16. Capital Structure Policy.

Chapter 17. Dividends and Dividend Policy.

Part Six. Business Formation, Valuation and Financial Planning.

Chapter 18. Business Formation. Growth and Valuation.

Chapter 19. Financial Planning and Forecasting.

Part Seven. Corporate Risk Management and International Decision.

Chapter 20. Corporate Risk Management.

Chapter 21. International Financial Management.

Appendix A.

Appendix B.

Glossary.

Subject Index.

Company Index.

  • A comprehensive, introductory level accessible to students new to finance, as well as those with a basic knowledge progressing at the intermediate level.
  • A modular format that matches the way corporate finance is taught whilst allowing versatility for different course structures.
  • Computational concepts which are easily accessible by students with a lower mathematical knowledge.
  • Integrated European mini case studies illustrating the learning objectives effectively and the continued use of the pizza restaurant throughout is key to engaging students.
  • Examples drawn from both European countries as well as those outside of Europe, eg Brazil, Russia, India and China, are current and include reference to the financial crisis and its consequences.
  • Takes into account the way firms undertake certain activities within the European 'institutional' environment, eg the discussion of rights issues.
  • A notable element on business formation, development and growth which makes it well suited to telling the 'finance' side of new business development.
  • A writing style that is accessible, ensuring areas of potential difficulty are explained in detail - aiding student comprehension.
  • An essential resource featuring video clips on topical issues from the world of international finance, as well as questions for classroom discussion is available to aid teaching: www.wileyfinanceupdates.com – subscribe today!

  • Adopts a consistent approach to learning which emphasises the “learning by doing” aspects.
  • Finance is essentially a practical subject and students learn best by directly engaging in practical work that brings out the key elements. This text includes exercises that involve the student in putting into practice what they are learning (“Learning by Doing Applications”), discussions aimed at building up the reader’s intuition (“Building Intuition”) and examples of how the insights from particular topics are applied by decision makers (“Decision-Making Example”).
  • The learning approach aims to get the reader involved in working out problems and building intuition in the subject. Theory is introduced in an intuitive way and there is no attempt to offer formal proofs of these.
  • Supported by an online learning package that includes PowerPoint slide presentations, exercises, problems and other supportive material. A comprehensive instructor’s manual is provided for lecturers.
  • The text is written with relatively short chapters which allows the lecturer to make use of specific chapters in a course without having to use all them.
  • The structure which is in five parts is: (1) Introduction, (2) Foundation (which is optional since it covers financial statements and ratios), (3) Basic Concepts and Tools, (4) Analysis and (5) Integration.
    Depending on the focus of the course, a lecturer could, for instance, use parts (1), (2), and elements of parts (4) and (5). Hence, there is a great deal of flexibility in the way the text can be used.
  • An essential resource featuring video clips on topical issues from the world of international finance, as well as questions for classroom discussion is available to aid teaching: www.wileyfinanceupdates.com – subscribe today!