Description
Financial Management: Theory and Practice 3rd Canadian Edition by Eugene F. Brigham, ISBN-13: 978-0176583057
[PDF eBook eTextbook]
- Publisher: Nelson Education, Year: 2017
- Language: English
- 973 pages
- ISBN-10: 017658305X
- ISBN-13: 978-0176583057
The third Canadian edition of Brigham’s Financial Management: Theory and Practice delivers solid financial theory and practical applications, preparing students for future careers in business and finance in an engaging manner that makes the content come alive. This resource emphasizes the actions that a manager should take to increase the value of the firm. Structuring the book around valuation and cash flows enhances continuity and helps students see how topics relate to one another. The hallmark of this resource is “The Corporate Valuation Framework”, a pedagogical feature presented early in each chapter. By highlighting specific parts of the framework, the model explicitly shows how each chapter relates to corporate valuation. The book begins with fundamental concepts, including background on the economic and financial environment, financial statements (with an emphasis on cash flows), the time value of money, financial forecasting, bond valuation, risk analysis, and stock valuation. With this background, students then learn specific techniques and decision rules that can be used to help maximize the value of the firm.
Table of Contents:
Preface xvii
Part 1 Fundamental Concepts 1
Chapter 1 An Overview of Financial Management and the Financial Environment 2
Chapter 2 Financial Statements, Cash Flow, and Taxes 25
Chapter 3 Analysis of Financial Statements 60
Chapter 4 Time Value of Money 89
Chapter 5 Financial Planning and Forecasting Financial Statements 130
Part 2 Securities and Their Valuation 157
Chapter 6 Bonds, Bond Valuation, and Interest Rates 158
Chapter 7 Risk, Return, and the Capital Asset Pricing Model 192
Chapter 8 Stocks, Stock Valuation, and Stock Market Equilibrium 237
Part 3 Projects and Their Valuation 267
Chapter 9 The Cost of Capital 268
Chapter 10 The Basics of Capital Budgeting: Evaluating Cash Flows 299
Chapter 11 Cash Flow Estimation and Risk Analysis 331
Part 4 Financing Activities 365
Chapter 12 Capital Structure Decisions 366
Chapter 13 Distributions to Shareholders: Dividends and Repurchases 403
Chapter 14 Initial Public Offerings, Investment Banking, and Financial Restructuring 431
Chapter 15 Lease Financing 460
Chapter 16 Capital Market Financing: Hybrid and Other Securities 482
Chapter 17 Working Capital Management and Short-Term Financing 505
Chapter 18 Current Asset Management 543
Part 5 Derivative Techniques 571
Chapter 19 Financial Options and Applications in Corporate Finance 572
Chapter 20 Enterprise Risk Management 591
Part 6 Special Topics 615
Chapter 21 International Financial Management 616
Chapter 22 Corporate Valuation and Governance 649
Chapter 23 Mergers, Acquisitions, and Restructuring 677
Web Chapter 24 Decision Trees, Real Options, and Other Capital Budgeting Techniques W-1
Appendixes
Appendix A Answers to End-of-Chapter Problems 707
Appendix B Selected Equations and Data 711
Appendix C Values of the Areas under the Standard Normal Distribution Function 721
Glossary 722
Name Index 738
Subject Index 741
Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. He received his MBA and Ph.D. from the University of California-Berkeley and his undergraduate degree from the University of North Carolina. Prior to joining the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin and the University of California-Los Angeles. A former president of the Financial Management Association, he has written many journal articles on the cost of capital, capital structure and other aspects of financial management. He has authored or co-authored 10 textbooks on managerial finance and managerial economics that are used at more than 1,000 universities in the United States and have been translated into 11 languages worldwide. In addition to his academic writing, Dr. Brigham continues to teach, consult and complete research. He has served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy and the RAND Corp., and he has testified as an expert witness in numerous electric, gas and telephone rate cases at both federal and state levels. Dr. Brigham spends his spare time on the golf course, enjoying time with his family and dogs, and tackling outdoor adventure activities, such as biking through Alaska.
Dr. Michael C. Ehrhardt is a Professor Emeritus and current faculty member in two Executive MBA programs at the University of Tennessee. He received a B.S. in Civil Engineering and a B.A. in Economics at Swarthmore College. After working several years as an engineer, he earned his M.S. in Operations Research and Ph.D. in Finance from the Georgia Institute of Technology. Dr. Ehrhardt has taught extensively at the undergraduate, master’s and doctoral levels in the areas of investments, corporate finance and capital markets. He has directed and served on numerous dissertation committees. Dr. Ehrhardt teaches in executive education programs and consults in the areas of corporate valuation, value-based compensation plans, financial aspects of supply chain management and the cost of capital. His honors include the Allen G. Keally Outstanding Teacher Award, the Tennessee Organization of MBA Students Outstanding Faculty Award, the College of Business Administration Research & Teaching Award and the John B. Ross Outstanding Teaching Award in the College of Business. An author and co-author of several books addressing various areas of finance, Dr. Ehrhardt focuses much of his research on corporate valuation and asset pricing models, including pricing models for interest-rate sensitive instruments. His work has been published in numerous journals, including THE JOURNAL OF FINANCE, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, FINANCIAL MANAGEMENT, THE FINANCIAL REVIEW, THE JOURNAL OF FINANCIAL RESEARCH and THE JOURNAL OF BANKING AND FINANCE.
Mr. Gessaroli brings to BCIT’s Financial Management Department over 15 years of industry experience in both the high technology and financial services sectors. For 10 years, he worked for western Canada’s largest industrial research and development firm. In 1996, Mr. Gessaroli saw an opportunity to apply his business knowledge in the financial industry. Mr Gessaroli obtained his license to trade securities and options working for two established local investment dealers. Over this time he worked with individuals and companies to manage their investment and pension accounts. In 2000, he joined the corporate finance department of an investment dealer helping to vet and structure financing for small growing companies.
Dr. Nason is an Associate Professor of Finance in the Faculty of Management at Dalhousie University, where he teaches corporate finance, capital budgeting, investments and derivatives. He has been voted one of the MBA Professors of the Year for the 2002, 2003 and 2005 school years. Dr. Nason has an extensive background in risk management and the derivatives industry. Dr. Nason has a M.Sc. in Physics from the University of Pittsburgh and a MBA and a Ph.D. in Finance from the Richard Ivey Business School at the University of Western Ontario. He is a Chartered Financial Analyst charterholder, Board Member for the Atlantic Canada Financial Analyst Society and Bridgeway Academy, and is a member of Dalhousie’s Pension Advisory Committee.
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