Includes bibliographical references and index.

Part I Introduction to managerial finance: overview of managerial finance; the financial environment - markets, institutions, interest rates, and taxes. Part II Forecasting, planning and control: analysis of financial statements; financial planning and control. Part III Essential concepts in managerial finance: risk and return concepts; time value of money; valuation. Part IV Capital budgeting: capital budgeting techniques; project cash flows and risk. Part V Cost of capital, leverage, and dividend policy: cost of capital: capital structure. dividend policy. Part VI Working capital management: working capital policy; managing short term assets; managing short term liabilities. Part VII Strategic long-term financing decisions; common stock and the investment banking process; long term debt; merges, divestitures, holding companies, and LBOs.

This title includes topics such as multinational finance and small business issues. The new edition has also incorporated ethical dilemma discussions throughout the text.