财务学基础

《财务学基础:财务管理逻辑与实务(第2版)》为世界工商管理名典系列之一。

Preface Chapter 1 An Introduction to the. Foundations of Financial Management-The Ties That Bind Goal of the Firm Legal Forms of Business Organization Federal Income Taxation Ten Axioms That Form fhe Foundations of Financial Management Axiom 1: The Risk-Return Trade-off-We Won't Take On Additional Risk Unless We Expect to Be Compensated with Additional Return Axiom 2: The Time Value of Money--A Dollar Received Today Is Worth More Than a Dollar Received in the Future Axiom 3: Cash-Not Profits-Is King Axiom 4: Incremental Cash Flows--It's Only What Changes That Counts Axiom 5: The Curse of Competitive Markets-Why It's Hard to Find Exceptionaliy Profitable Projects Axiom 6: Efficient Capital Markets-The Markets Are Quick and the Prices Are Right Axiom 7: The Agency Problem--Managers Won't Work for the Owners Unless It's in Their Best Interest Axiom 8: Taxes Bias Business Decisions Axiom 9: All Risk Is Not Equal--Some Risk Can Be Diversified Away, and Some Cannot Axiom 10: Ethical Behavior Is Doing the Right Thing, and Ethical Dilemmas Are Everywhere in Finance Overview of the Text Chapter 2 The Financial Markets and Interest Rates The Mix of Corporate Securities Sold m the Capital Market Why Financial Markets Exist Financmg of Business: The Movement of Funds through the Economy Components of the U.S. Financial Market System The Investment Banker Private Placements Flotation Costs Regulation More Recent Regulatory Developments Rates of Retum in the Financial Markets Interest Rate Determinants in a Nutshell The Term Structure of Interest Rates Chapter 3 Evaluating a Firm's Financial Performance and Measuring Cash Flow Basic Financial Statements Financial Ratio Analysis The DuPont Analysis: An Integrative Approach to Ratio Analysis Chapter 4: Financial Forecasting, Planning, and Budgeting Financial Forecasting Fmancial Planning and Budgeting Computerized Financial Planning Chapter 5 The Time Value of Money Compound Interest Present Value Annuities Annuities Due Compound Interest with Nonannual Periods Present Value of an Uneven Stream Perpetuities Chapter 6 Valuation and Characteristics of Bonds Types of Bonds Terminology and Characteristics of Bonds Definitions of Value Valuation: An Overview Valuation: The Basic Process Bond Valuation The Bondholder's Expected Rate of Retum (Yield to Maturity) Bond Valuation: Three Important Relationships Chapter 7 Valuation and Characteristics of Stock Preferred Stock Common Stock The Stockholder's Expected Rate of Retum Chapter 8 The Meaning and Measurement of Risk and Return Expected Retum Defmed and Measured Risk Defined and Measured Rates of Retum: The Investor's Experience Risk and Diversification The Investor's Required Rate of Retum The Fama and French Attack on the CAPM Chapter 9 Capital-Budgeting Technlques and Practice Finding Profitable Projects Capital-Budgeting Decision Criteria Capital Rationing Problems in Project Ranking-Capital Rationing, Mutually Exclusive Projects, and Problems with the IRR Ethics in Capital Budgeting A Glance at Actual Capital-Budgetmg Practices Chapter 10 Cash Flows and Other Topics in Capital Budge Guidelines for Capital Budgeting Measuring a Project's Benefits and Costs Risk and the Investment Decision Incorporating Risk into Capital Budgeting Exammmg a Project's Risk through Simulation Chapter 11 Cost of Capital The Cost of Capital: Key Definitions and Concepts Detennining Individual Costs of Capital The Weighted Average Cost of Capital Calculating Divisional Costs of Capital: PepsiCo, Inc. Using a Firm's Cost of Capital to Evaluate New Capital Investments Chapter 12 Determining the Financing Mix Business and Financial Risk Breakeven Analysis Operating Leverage Financial Leverage Combination of Operating and Financial Leverage Planning the Financing Mix A Quick Look at Capital Structure Theory Basic Tools of Capital Structure Management A Glance at Actual Capital Structure Management Chapter 13 Dividend Policy and Internal Financing Key Terms Does Dividend Policy Affect Stock Price? The Dividend Decision in Practice Dividend Payment Procedures Stock Dividends and Stock Splits Stock Repurchases Chapter 14 Introduction to Working-Capital Management Managing Current Assets and Liabilities Appropriate Level of Working Capital Estimation of the Cost of Short-Term Credit Sources of Short-Term Credit Chapter 15 Liquid Asset Management Why a Company Holds Cash Cash Management Objectives and Decisions Collection and Disbursement Procedures Evaluation of Costs of Cash Management Services Composition of Marketable-Securities Portfolio Accounts-Receivable Management Inventory Management Chaprter 16 Internatlonal Business Finance The Globalization of Product and Financial Markets Exchange Rates Interest-Rate Parity Theory Purchasing-Power Parity Theory Exposure to Exchange Rate Risk Multinational Working-Capital Management Intemational Financing and Capital Structure Decisions Direct Foreign Investment Chapter 17 Changes and Challenges in Finance Recent Innovations in Risk Management Finance m the '90s: The Consequences of Financial Innovation in Corporate Restructuring Recent Innovations in Raising Capital: Hybrid Securities The Agency Problem: Changes and Challenges The CAPM and Market Efficiency: The Challenges from Academia Appendixes Appendix A: Using a Calculator Appendix B: Compound Sum of $1 Appendix C: Present Value of $1 Appendix D: Sum of an Annuity of $1 for n Periods Appendix E: Present Value of an Annuity of $1 for n periods Appendix F: Check Figures for Selected End-of-Chapter Study Problems Glossary Index