The only text to strike a balance between solid financial theory and practical applications, Brigham/Ehrhardt’s FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 15e gives you a thorough understanding of the essential concepts you need to develop and implement effective financial strategies. The book begins with a presentation of corporate finance fundamentals before progressing to discussions of specific techniques used to maximize the value of a firm. It also explores the recent financial and economic crises and the role of finance in the business world. With its relevant and engaging presentation, numerous examples, and emphasis on Excel usage, this text serves as a complete reference tool for you in your academic or business career.
- Organized to address key concepts and essential topics within the first 17 chapters, the text ensures your students receive the coverage they need whether you teach a one-semester or two-semester course. Later chapters provide more advanced and expanded treatment of topics to build upon earlier material and increase student mastery of concepts.
- This premier authorship team combines the extensive teaching background and more than 30 years of text writing experience of Dr. Gene Brigham with the contemporary scholarship and practical, professional expertise of Dr. Mike Ehrhardt. Together, these authors deliver a consistent, accurate and innovative approach that will keep your students first in finance.
- Updated, timely real-world examples throughout almost every chapter demonstrate the impact of today’s financial crisis in all areas of business and life. The “Global Economic Crisis" boxes in many chapters highlight specific finance issues related to today’s economic environment.
- Reflecting the latest headlines, up-to-date coverage is packed with real-world illustrations and gives students in-depth insight into this key topic.
- A refreshed, easier-to-read interior design makes the title more accessible and student friendly than ever.
1 An Overview of Financial Management and the Financial Environment
2 Financial Statements, Cash Flow, and Taxes
3 Analysis of Financial Statements
4 Time Value of Money
5 Bonds, Bond Valuation, and Interest Rates
6 Risk and Return
7 Corporate Valuation and Stock Valuation
8 Financial Options and Applications in Corporate Finance
9 The Cost of Capital
10 The Basics of Capital Budgeting: Evaluating Cash Flows
11 Cash Flow Estimation and Risk Analysis
12 Corporate Valuation and Financial Planning
13 Corporate Governance
14 Distributions to Shareholders: Dividends and Repurchases
15 Capital Structure Decisions
16 Supply Chains and Working Capital Management
17 Multinational Financial Management
18 Public and Private Financing: Initial Offerings, Seasoned Offerings, and Investment Banks
19 Lease Financing
20 Hybrid Financing: Preferred Stock, Warrants, and Convertibles
21 Dynamic Capital Structures and Corporate Valuation
22 Mergers and Corporate Control
23 Enterprise Risk Management
24 Bankruptcy, Reorganization, and Liquidation
25 Portfolio Theory and Asset Pricing Models
26 Real Options
APPENDICES
WEB CHAPTERS
Eugene F. Brigham, University of Florida
Dr. Eugene F. Brigham is graduate research professor emeritus at the University of Florida, where he has taught since 1971.
Dr. Michael C. Ehrhardt
Dr. Michael C. Ehrhardt is a Professor Emeritus and current faculty member in two Executive MBA programs at the University of Tennessee.
