Authors: Eugene F. Brigham, Joel F. Houston
ISBN-13: 9780324597707, ISBN-10: 0324597703
Format: Hardcover
Publisher: Cengage Learning
Date Published: February 2009
Edition: 12nd Edition
Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham received his M.B.A. 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. Dr. Brigham has served as president of the Financial Management Association and has written many journal articles on the cost of capital, capital structure, and other aspects of financial management. He has authored or co-authored ten 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. He has testified as an expert witness in numerous electric, gas, and telephone rate cases at both federal and state levels. 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 Corporation. Dr. Brigham continues to teach, consult, and complete research in addition to his academic writing. He 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.
Joel F. Houston is the William D. Hussey Professor of Business Administration at the University of Florida. He received his M.A. and Ph.D. from the Wharton School at the University of Pennsylvania, and his undergraduate degree from Franklin and Marshall College. Prior to his appointment at the University of Florida, Dr. Houston was an Economist at the Federal Reserve Bank of Philadelphia. Joel's research is primarily in the areas of corporate finance and financial institutions, and his work has been published in a number of top journals including THE JOURNAL OF FINANCE, JOURNAL OF FINANCIAL ECONOMICS, JOURNAL OF BUSINESS, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS AND FINANCIAL MANAGEMENT. Professor Houston also currently serves as an Associate Editor for the JOURNAL OF MONEY, CREDIT AND BANKING and the JOURNAL OF FINANCIAL SERVICES RESEARCH. Since arriving at the University of Florida in 1987, Joel has received 17 teaching awards, and has been actively involved in both undergraduate and graduate education. In addition to co-authoring leading textbooks in financial management, Dr. Houston has participated in management education programs for the PURC/World Bank Program, Southern Company, Exelon Corporation and Volume Services America. Apart from his professional activities, Joel enjoys playing golf and tennis and spending time with his wife (Sherry) and two children (Chris and Meredith). He is an avid sports fan who follows the Florida Gators, and the Pittsburgh Steelers, Pirates and Penguins.
Count on the renowned author team that's First in Finance to deliver a unique balance of clear concepts, contemporary theory, and practical applications that ensures a thorough understanding of today's corporate finance and financial management. Brigham/Houston's FUNDAMENTALS OF FINANCIAL MANAGEMENT, 12E presents a solid, focused foundation in financial basics punctuated with timely actual examples, end-of-chapter applications, and Integrated Cases that make it easier to understand the how and why of corporate budgeting, financing, and working capital decision making. The book's presentation of Time Value of Money (TVM) is repositioned so readers can immediately begin using the concepts after learning them. THOMSON ONE-BUSINESS SCHOOL EDITION accompanies this edition, offering the same financial online database used by professionals on Wall Street every day. FUNDAMENTALS OF FINANCIAL MANAGEMENT, 12E also offers APLIA FOR FINANCE, the leading homework solution tool in educational publishing today. Trust the strengths in Brigham/Houston's market-leading FUNDAMENTALS OF FINANCIAL MANAGEMENT, 12E for the First in Finance time and time again.
Pt. I | Introduction to Financial Mrnagement | 1 |
Ch. 1 | An Overview of Financial Management | 3 |
Ch. 2 | Analysis of Financial Statements | 33 |
Appendix 2A: Statement of Cash Flows | 82 | |
Ch. 3 | The Financial Environment: Markets, Institutions, Interest Rates, and Taxes | 87 |
Pt. II | Fundamental Concept in Financial Management | 143 |
Ch. 4 | Risk and Rates of Return | 145 |
Appendix 4A: Calculating Beta Coefficients | 187 | |
Ch. 5 | Time Value of Money | 193 |
Appendix 5A: Continuous Compounding and Discounting | 239 | |
Ch. 6 | Bond and Stock Valuation | 241 |
Pt. III | Strategic Long-Term Investment Decisions: Capital Budgeting | 295 |
Ch. 7 | The Cost of Capital | 297 |
Ch. 8 | The Basics of Capital Budgeting | 337 |
Ch. 9 | Cash Flow Estimation ad Other Topics in Capital Budgeting | 375 |
Appendix 9A: Depreciation | 400 | |
Ch. 10 | Risk Analysis and the Optimal Capital Budget | 405 |
Appendix 10A: Capital Rationing | 438 | |
Pt. IV | Strategic Long-Term Financing Decisions | 443 |
Ch. 11 | Capital Structure and Leverage | 445 |
Ch. 12 | Dividend Policy | 495 |
Ch. 13 | Common Stock and the Investment Banking Process | 531 |
Ch. 14 | Long-Term Debt | 567 |
Appendix 14A: Bankruptcy and Reorganization | 603 | |
Appendix 14B: Refunding Operations | 611 | |
Ch. 15 | Hybrid Finacing: Preferred Stock, Leasing, and Options | 619 |
Pt. V | Financial Planning and Working Capital Management | 661 |
Ch. 16 | Finacial Forecasting | 663 |
Ch. 17 | Working Capital Policy and Short-Term Credit | 697 |
Appendix 17A: Secured Short-Term Financing | 744 | |
Ch. 18 | Cash and Marketable Securities | 753 |
Ch. 19 | Accounts Receivable and Inventory | 791 |
Pt. VI | Integrated Topics in Financial Management | 837 |
Ch. 20 | Mergers, Divestitures, Holding Companies, and LBOs | 839 |
Ch. 21 | Multinational Finacial Maagement | 873 |
Appendix A: Mathematical Tables | A-1 | |
Appendix B: Solutions to Self-Test Problems | B-1 | |
Appendix C: Answers to End-of-Chapter Problems | C-1 | |
Appendix D: Selected Equations and Data | D-1 |