Description
Richard Pike is Emeritus Professor of Finance at the School of Management, University of Bradford. Bill Neale has lectured and researched at several UK Universities and is now freelancing. Saeed Akbar is a Professor in Accounting and Finance at the Hull University Business School, University of Hull. Philip Linsley is a Professor in Accounting and Finance at the University of York. List of figures and tables Preface Authors’ acknowledgements Publisher’s acknowledgements Part I A framework for financial decisions An overview of financial management The financial environment Present values, and bond and share valuation Part II Investment decisions and strategies Investment appraisal methods Project appraisal – applications Investment strategy and process Part III Value, risk and the required return Analysing investment risk Relationships between investments: portfolio theory Setting the risk premium: the Capital Asset Pricing Model (CAPM) The required rate of return on investment Enterprise value and equity value Identifying and valuing options Part IV Short-term financing and policies Risk and treasury management Working capital and short-term asset management Short- and medium-term finance Part V Strategic financial decisions Long-term finance Returning value to shareholders: the dividend decision Capital structure and the required return Does capital structure really matter? Acquisitions and re-structuring Part VI International financial management Managing currency risk Foreign investment decisions Key issues in modern finance: a review Appendix A Solutions to self-assessment activities Appendix B Solutions to selected questions Appendix C Present value interest factor (PVIF) Appendix D Present value interest factor for an annuity (PVIFA) Glossary References Index
