Summary

Corporate Financial Management is the leading UK-based corporate finance textbook. It provides comprehensive coverage of financial decision making within the firm and explains the financial markets in a highly accessible manner. The emphasis is on connecting finance theory to practical management. The core theoretical principles of corporate financial management are explained with rigour and clarity and given a strong real world relevance, not least through the extensive use of FT articles, vignettes and mini case studies. This book is suitable for second and third year undergraduate students of business studies, accounting, finance, and economics. It is particularly valuable for those studying MBA and MSc. in business courses. KEY FEATURES* Comprehensive coverage of all mainstream topics in corporate finance, including topics of emerging importance such as risk management using derivatives and shareholder value analysis.* FT articles and exhibits are integrated throughout the text to both equip readers with the skills to read the financial press and to develop an appreciation of how theory is used by practitioners on a daily basis.* illustrate and exemplify techniques described in the book and ensure that the discussion is firmly situated in the modern world of business. * Extensive end of chapter assessment material allows students to consolidate their understanding and practice their exam techniques.* Coverage of foreign exchange markets, with an emphasis on reducing firm risk to oscillating exchange rates risk. NEW TO THIS EDITION* Richly illustrated with a new full colour text design and photographs to further engage the reader and reinforce the practice relevance of issues discussed.* Fully revised, updated and expanded coverage of Value based Management. A stronger focus on the interaction between corporate strategy and finance is taken to provide clear insight into how you can shape the financial future of a business in terms of strategic decisions.* New chapter on the Cost of Capital - comprehensive, clear explanations alongside real world examples bring this important topic to life and illustrate its relevance to the financial world.* Revised section on real options. excessive computations.