Financial Management and Policy

Comprising an integration of financial theory and practice, this text explores financial theory as it relates to a corporation's investment in assets, financing and dividends (and their relation to maximizing shareholder wealth). It applies financial analysis and analytical techniques to financial decision making with an emphasis on formulating alternatives, analysing them, and reaching a decision. It also highlights the rich institutional environment in which financial decisions are made capturing the changing regulatory tax and economic environment. The text considers the international/globalization of finance, flexibly organized so that instructors can cover content in any order desired.