About the book

Packed with current examples from companies you know, CONTEMPORARY FINANCIAL MANAGEMENT, 14e, equips you with the knowledge and skills to enhance enterprise value, manage risk, and effectively manage cash flow. Completely up to date with the latest developments from the field, the text explores the international aspects of financial management, the ethical behavior of managers, the unique finance-related concerns of entrepreneurs, and the effects of the 2008-2009 recession. Chapter-opening "Financial Challenges," integrative cases, and other learning features highlight critical concepts and enable you to apply what you learn to real-world practice. Excel® templates allow you to use technology to achieve financial management objectives.

Contents:

Part I: INTRODUCTION.

1. The Role and Objective of Financial Management.

2. The Domestic and International Financial Marketplace.

3. Evaluation of Financial Performance.

4. Financial Planning and Forecasting.

Part II: DETERMINANTS OF VALUATION.

5. The Time Value of Money.

6. Fixed Income Securities: Characteristics and Valuation.

7. Common Stock: Characteristics, Valuation, and Issuance.

8. Analysis of Risk and Return.

Part III: THE CAPITAL INVESTMENT DECISION.

9. Capital Budgeting and Cash Flow Analysis.

10. Capital Budgeting: Decision Criteria and Real Option Considerations.

11. Capital Budgeting and Risk.

Part IV: THE COST OF CAPITAL, CAPITAL STRUCTURE, AND DIVIDEND POLICY.

12. The Cost of Capital.

13. Capital Structure Concepts.

14. Capital Structure Management in Practice.

15. Dividend Policy.

Part V: WORKING CAPITAL MANAGEMENT.

16. Working Capital Policy and Short-Term Financing.

17. The Management of Cash and Marketable Securities.

18. The Management of Accounts Receivable and Inventories.

Part VI: ADDITIONAL TOPICS IN CONTEMPORARY FINANCIAL MANAGEMENT.

19. Lease and Intermediate-Term Financing.

20. Financing with Derivatives.

21. Risk Management.

22. International Financial Management.

23. Corporate Restructuring.