Principles of finance:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Mason, Ohio
South-Western Cengage Learning
2012
|
| Ausgabe: | 5. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XVIII, 793 S. Ill., graph. Darst. |
| ISBN: | 9781111527365 1111527369 |
Internformat
MARC
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| 245 | 1 | 0 | |a Principles of finance |c Scott Besley ; Eugene F. Brigham |
| 250 | |a 5. ed. | ||
| 264 | 1 | |a Mason, Ohio |b South-Western Cengage Learning |c 2012 | |
| 300 | |a XVIII, 793 S. |b Ill., graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 0 | 7 | |a Finanzierung |0 (DE-588)4017182-6 |2 gnd |9 rswk-swf |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-024576070 | ||
Datensatz im Suchindex
| _version_ | 1804148609592066048 |
|---|---|
| adam_text | Titel: Principles of finance
Autor: Besley, Scott
Jahr: 2012
Preface xiii
Chapter Principles-Key Financial Assets
CHAPTER 1 Concepts 52
An Overview of Finance 3 Chapter Principles-Personal Finance 53
What Is Finance? 4 Questions 54
General Areas of Finance 5 Problems 56
The Importance of Finance in Nonfinance Areas 6 Appendix 2A 60
The Evolution of Modern Finance 7
CHAPTER 3
The Importance of Managerial Finance 14 Financial Markets and the Investment Banking
Financial Decisions and Value (Wealth) Process 61
What Are Financial Markets? 62
Recent (Future) Developments in Business and Importance ot Financial Markets 63
Finance 16
Types of Financial Markets 66
Ethical Dilemma: Who Has the Money-The
Democrat or The Republican? 17 The Investment Banking Process 74
Chapter Principles-Key Managerial Finance Regulation of Securities Markets 78
Concepts 18 International Financial Markets 79
Chapter Principles-Personal Finance 19 Etnjcal Dilemma: Too High Tech ( Smoke and
Questions 19 Mirrors or Real Sales)? 82
Problem 20 Chapter Principles-Key Financial Markets
Concepts 82
CHAPTER 2 Chapter Principles-Personal Finance 83
Financial Assets (Instruments) 21 Questions 84
Financial Instruments and the Firm s Balance Problems 84
Sheet 22 Appendix 3A 87
Debt 25
Bond Contract Features 32 CHAPTER*
Financial Intermediaries and the Banking System 89
Bond Ratings 34
Stock (Equity) 35
Derivatives 41
Roles of Financial Intermediaries 90
Types of Financial Intermediaries 93
Safety (Risk) of Financial Institutions 102
Rationale for Different Types of Securities 44
Which Financial Instrument Is Best? 45 International Banking 116
Financial Instruments in International
Markets 48 Ethical Dilemma: Anything for (a) BUC? 118
Chapter Principles-Key Financial Intermediaries
Ethical Dilemma: Should Maria Take a SENrul
Cruise? 51
Concepts 119
Chapter Principles-Personal Finance 120 Other Factors That Influence Interest Rate
Questions 121 Levels 146
Problems 121 Interest Rate Levels and Stock Prices 148
Appendix 4A 124 The Cost of Money as a Determinant of
CHAPTER 5
Value 148
Ethical Dilemma: Unadvertised Special: Is It a
The Cost of Money (Interest Rates) 125 Shark 5 149
Realized Returns (Yields) 126 Chapter Principles-Key Cost of Money (Interest
Factors That Affect the Cost of Money 128 Rates) Concepts 150
Interest Rate Levels 129 Chapter Principles-Personal Finance 150
Determinants of Market Interest Rates 131 Questions 151
Problems 152
The Term Structure of Interest Rates 137
Computer-Related Problem 156
Why Do Yield Curves Differ? 138 Appendix 5A 157
Does the Yield Curve Indicate Future Interest
Rates? 143
PART 2
Problems 193
Computer-Related Problem 196
Business Organizations and the Tax Appendix 6A 2011 Tax Rate Schedules 196
CHAPTER 6
Appendix 6B 198
Environment 161
Alternative Forms of Business Organization 163
Finance in the Organizational Structure of the CHAPTER 7
Firm 167 Analysis of Financial Statements 199
What Goal(s) Should Businesses Pursue? 168 Recording Business Activity-Financial
Managerial Actions to Maximize Shareholder Statements 200
Wealth 169 Financial Statements 202
Should Earnings per Share (EPS) Financial Statement (Ratio) Analysis 218
Be Maximized? 170 Summary of Ratio Analysis: The DuPont
Managers Roles as Agents of Stockholders 171 Analysis 229
Stockholders Roles as Agents of Creditors 174 Comparative Ratios (Benchmarking) 231
Business Ethics 175 Uses and Limitations of Ratio Analysis 233
Corporate Governance 176 Ethical Dilemma: Hocus-Pocus-Look, An Increase
Forms of Businesses in Other Countries 176 in Sales! 234
Multinational Corporations 178 Chapter Principles-Key Analysis of Financial
Statement Analysis Concepts 235
Multinational versus Domestic Managerial Chapter Principles-Personal Finance 236
Finance 179
Questions 236
The Federal Income Tax System 181 Problems 238
Individual Income Taxes 181 Computer-Related Problem 247
Corporate Tax Rates in Other Countries 188 Appendix 7A 248
Ethical Dilemma: Chances Are, What They Don t --------------------------¦----------------------------------------------
Know Won t Hurt Them! 189 CHAPTER 8
Chapter Principles-Key Business Organizations Financial Planning and Control 251
Concepts 190 Sales Forecasts 252
Chapter Principles-Personal Finance 190 Projected (Pro Forma) Financial Statements 254
Questions 191 Other Considerations in Forecasting
261
Financial Control-Budgeting and Leverage 262 Chapter Principles-Personal Finance 281
Breakeven Analysis 263 Questions 282
Problems 283
Leverage 268
Computer-Related Problem 292
Using Leverage and Forecasting tor Control 274
Appendix 8A Projected Financial Statements-
Vat Cash Budget 274 Including Financing Feedbacks 293
Ethical Dilemma: Competition-Based Planning- Appendix 8B 294
Promotion or Payoff? 279
Chapter Principles-Key Financial Planning and
Control Concepts 280
Valuation of Equity (Stock) 365
Time Value of Money 299 Expected Dividends as the Basis for Stock
Values 366
Cash Flow Timelines 301
Actual Stock Prices and Returns in Recent
Cash Flow Patterns 302 Years 377
Future Value (FV) 302 Ethical Dilemma. wy^ ARM shouid You
Present Value (PV) 311 Choose-The Left or the Right? 378
Comparison of Future Value with Present Chapter Principles-Key Valuation Concepts 379
Value 320 Chapter Principles-Personal Finance 379
Solving for Interest Rates (r), Time (n), or Annuity Questions 381
Payments (PMT) 321 Problems 382
Computer-Related Problem 390
Semiannual and Other Compounding Periods 323 Appendix 10A 390
Comparison of Different Interest Rates 324 _____________________________________________
Amortized Loans 326 CHAPTER 11
Ethical Dilemma: It s All Chinese to Me 328 Risk and Rates of Return 393
Chapter Principles-Key TVM Concepts 329 Defining and Measuring Risk 395
Chapter Principles-Personal Finance 329 Expected Rate of Return 397
Questions 330 Portfolio Risk-Holding Combinations of
Problems 331 Assets 406
Computer-Related Problem 340 The Concept of Beta 414
Appendix 9A Generating an Amortization Schedule- The Rdationshi betwem Risk and Rates of
rinancial Calculator Solution and Spreadsheet Return-The Capital Asset Pricing Model
Appendix 9B 342
(CAPM) 418
Stock Market Equilibrium 424
CHAPTER 10 Changes in Equilibrium Stock Prices 426
Valuation Concepts 345 Physical Assets versus Securities 427
Basic Valuation 346 Different Types of Risk 428
Valuation of Bonds 347 Ethical Dilemma: RIP-Retire in Peace 431
Finding Bond Yields (Market Rates) 352 Chapter Principles-Key Risk and Rates of Return
Interest Rates and Bond Values 354 Concepts 431
Chapter Principles-Personal Finance 432
Changes in Bond Values Over Time 356 Questions 433
Bond Values with Semiannual Compounding 359 Problems 434
Interest Rate Risk on a Bond 361 Computer-Related Problem 441
Bond Prices in Recent Years 363 Appendix 11A 442
PART A
Incorporating Risk in Capital Budgeting
CHAPTER 12 Analysis 522
The Cost of Capital 445 How Project Risk Is Considered in Capital
The Logic of the Weighted Average Cost of Capital Budgeting Decisions 525
(WACC) 447
Multinational Capital Budgeting 525
Basic Definitions 447
Ethical Dilemma: This Is a Good Investment-
Cost of Debt, rdT 448 Be Sure the Numbers Show That It Is! 527
Cost of Preferred Stock, rps 450 Chapter Principles-Key Capital Budgeting
Cost of Retained Earnings (Internal Equity), rs 451 Concepts 527
Cost of Newly Issued Common Stock (External Chapter Principles-Personal Finance 528
Equity), re 455 Questions 529
Weighted Average Cost of Capital (WACC) 457 Problems 532
Computer-Related Problem 543
The Marginal Cost of Capital (MCC) 458 Appendix 13A Depreciation 544
Combining the MCC and Investment Opportunity Problem 547
Schedules (IOS) 469 Appendix 13B Using a Spreadsheet to Compute
Project Risk and WACC 472 NPV and IRR 547
WACC versus Required Rate of Return of Appendix 13C 551
Investors 474 -------------------------------------------------------------
Ethical Dilemma: How Much Should You Pay To CHAPTER 14
Be Green ? 477 Capital Structure and Dividend Policy Decisions 553
Chapter Principles-Key Cost of Capital The Target Capital Structure 554
Concepts 477 Business and Financial Risk 556
Chapter Principles-Personal Finance 478 Determining the Optimal Capital Structure 558
Questions 479 Liquidity and Capital Structure 567
Computer-Related Problem 489 Capital Structure Theory 568
Appendix 12A 490 Variations in Capital Structures Among
Firms 572
CHAPTER 13 Dividend Policy 573
Capital Budgeting 491 Investors and Dividend Policy 574
The Importance of Capital Budgeting 493 Dividend Policy in Practice 575
Project Classifications 493 Factors Influencing Dividend Policy 579
Steps in the Valuation Process 494 Stock Dividends and Stock Splits 580
Estimating a Project s Cash Flows 495 Capital Structures and Dividend Policies Around the
Cash Flow Estimation-Illustrations of World 582
Expansion Projects and Replacement Ethical Dilemma: A Bond Is a Bond Is a Bond ...
Projects 500 Is a Stock ... Is a Bondock? 584
Capital Budgeting Evaluation Techniques 506 Chapter Principles-Key Capital Structure and
Comparison of the NPV and IRR Methods 513 Dividend Policy Concepts 584
Cash Flow Patterns and Multiple IRRs 518 Chapter Principles-Personal Finance 586
Questions 587
Modified Internal Rate of Return 519 Problems 589
Conclusions on the Capital Budgeting Decision Computer-Related Problems 596
Methods 520 Appendix 14A 597
CHAPTER 15 Credit Management 620
Working Capital Management 599 Inventory Management 626
Working Capital Terminology 601 Multinational Working Capital Management 631
The Requirement for External Working Capital Ethical Dilemma: Money-Back Guarantee, No
Financing 601 Questions Asked 633
The Cash Conversion Cycle 603 Chapter Principles-Key Working Capital
Working Capital Investment and Financing Management Concepts 634
Policies 606 Chapter Principles-Personal Finance 635
Advantages and Disadvantages of Short-Term Problems 637
Financing 609
Computer-Related Problem 645
Sources of Short-Term Financing 610 Appendix 15A 646
Computing the Cost of Short-Term Credit 613
Managing Cash and Marketable Securities 616
Stock Selection Criteria 720
Investment Selection in Efficient Markets 724
Evaluating the Firm s Financial Position 708
CHAPTER16
Investment Concepts 651 Stock Valuation Techniques 710
The Investment Process 652 Technical Analysis 716
Investment Alternatives 656
Securities Transactions 656
Investment Information 659 Bhical Dilemma-. Mary Mary Quite
Contrary, What Makes Your Sales Forecasts
Computing Investment Returns 666 Grow? 725
Indexes-Measuring Market Returns 672 Chapter Principles-Key Security Valuation and
Alternative Investment Strategies 678 Selection Concepts 726
Ethical Dilemma: Drip, Drip, Drip ... Should We ChaPter Principles-Personal Finance 727
Call a Plumber? 683 Questions 727
Chapter Principles-Key Investment Concepts 684 Problems 729
Chapter Principles-Personal Finance 685 Computer-Related Problem 733
Questions 686 Appendix 17A 733
Problems 687
Computer-Related Problem 692 APPENDIXA
Appendix 16A 693 Using Spreadsheets to Solve Financial Problems 735
CHAPTER 17 APPENDIXB
Security Valuation and Selection 697 Answers to End-of-Chapter Problems 747
Fundamental Analysis versus Technical APPENDIX C
Selected Equations 757
Economic Analysis 700
Industry Analysis 705 lndex 769
|
| any_adam_object | 1 |
| author | Besley, Scott Brigham, Eugene F. 1930- |
| author_GND | (DE-588)171013239 (DE-588)124803059 |
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| bvnumber | BV039728105 |
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| ctrlnum | (OCoLC)767796731 (DE-599)BVBBV039728105 |
| discipline | Wirtschaftswissenschaften |
| edition | 5. ed. |
| format | Book |
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| id | DE-604.BV039728105 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:09:51Z |
| institution | BVB |
| isbn | 9781111527365 1111527369 |
| language | English |
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| spelling | Besley, Scott Verfasser (DE-588)171013239 aut Principles of finance Scott Besley ; Eugene F. Brigham 5. ed. Mason, Ohio South-Western Cengage Learning 2012 XVIII, 793 S. Ill., graph. Darst. txt rdacontent n rdamedia nc rdacarrier Finanzierung (DE-588)4017182-6 gnd rswk-swf Finanzierung (DE-588)4017182-6 s DE-604 Brigham, Eugene F. 1930- Verfasser (DE-588)124803059 aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024576070&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Besley, Scott Brigham, Eugene F. 1930- Principles of finance Finanzierung (DE-588)4017182-6 gnd |
| subject_GND | (DE-588)4017182-6 |
| title | Principles of finance |
| title_auth | Principles of finance |
| title_exact_search | Principles of finance |
| title_full | Principles of finance Scott Besley ; Eugene F. Brigham |
| title_fullStr | Principles of finance Scott Besley ; Eugene F. Brigham |
| title_full_unstemmed | Principles of finance Scott Besley ; Eugene F. Brigham |
| title_short | Principles of finance |
| title_sort | principles of finance |
| topic | Finanzierung (DE-588)4017182-6 gnd |
| topic_facet | Finanzierung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024576070&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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