Contemporary Corporate Finance

Part I: Introduction. Chapter 1. The Role and Objective of Financial Management. Chapter 2. The Financial Marketplace. Chapter 3. Evaluation of Financial Performance. Chapter 4. Financial Planning and Forecasting. Part II: Valuation. Chapter 5. The Time Value of Money. Chapter 6. Bond Valuation. Chapter 7. Common Stock Valuation. Chapter 8. Risk and Return. Part III: Investment Decisions. Chapter 9. Capital Budgeting and Cash Flow Analysis. Chapter 10. Capital Budgeting Decisions and Real Options. Chapter 11. Capital Budgeting and Risk. Part IV: The Cost of Capital, Capital Structure, and Payout Policy. Chapter 12. The Cost of Capital. Chapter 13. Capital Structure Concepts. Chapter 14. Capital Structure Management in Practice. Chapter 15. Payout Policy. Part V: Working Capital Management. Chapter 16. Working Capital Policy and Short-Term Financing. Chapter 17. The Management of Cash and Marketable Securities. Chapter 18. The Management of Accounts Receivable and Inventories. Part VI: Additional Topics. Chapter 19. Lease and Intermediate-Term Financing. Chapter 20. Financing with Derivatives. Chapter 21. Risk Management. Chapter 22. International Financial Management. Chapter 23. Corporate Restructuring. Appendix A: Taxes. Appendix B: Continuous Compounding and Discounting. Appendix C: Depreciation. Appendix D: Mutually Exclusive Investments Having Unequal Lives. Appendix E: Breakeven Analysis. Appendix F: The Black-Scholes Option Pricing Model. Appendix G: Bond Refunding Analysis.

This successful text provides a comprehensive and contemporary introduction to financial management, focusing on shareholder wealth maximization and cash flow management, the international aspects of financial management, the ethical behavior of managers, and the increased impact of the Internet in business practice. Content has been added or enhanced to reflect the effects of the 2008-2009 recessions on corporations.