Includes bibliographical references and indexes.

1. Financial Management: Objectives and Decisions 2. Organizational forms of business and taxes 3. Net present value and the time value of money 4. Financial securities and corporate governance 5. Financial markets, interest rates and exchange rates 6. The basic valuation model 7. Risk and required rates of return 8. Capital investment decisions 9. Investment analysis 10. Investment decisions 11. The cost of capital and financial leverage 12. Financial leverage 13. Financial structure 14. Dividends and free cash flow 15. Designing and selling securities 16. Leasing 17. Financial ratios and financial statement analysis 18. Financial forecasting and cash budgeting 19. Working capital management 20. Current liability management 21. Cash and marketable security management 22. Accounts receivable and inventory management 23. Mergers, acquisitions and corporate control 24. International financial management 25. Options, futures and financial management.

This is an introductory corporate finance texxt which adopts a conceptual intuitive approach to financial management. The emphasis is placed on explaining how financial theory informs financial management and the development of financial policies. An international perspective is maintained throughout the text which permits examples of alternative financial contracting and corporate governance practices to be integrated in to the presentations. Financial management issues are discussed in the context of the organization as a whole with particular attention accorded to the contributions that financial management can make in mitigating conflicts of interest among the stakeholders of the company.