Richard Pike is a Chartered Accountant and Professor of Finance at the Bradford University School of Management.
Bill Neale is Associate Reader in Financial Management at the University of Bournemouth Institute of Business & Law. He is an experienced teacher, consultant and writer, and is the co-author, with Trefor McElroy, of the Pearson Education text Business Finance: A Value-Based Approach.
List of figures
List of tables
Preface
Acknowledgments
Guided Tour
PART 1 A FRAMEWORK FOR FINANCIAL DECISIONS
1 An overview of financial decisions
2 The financial environment
3 Present Value, bond and share valuation
PART 2 INVESTMENT DECISIONS AND STRATEGIES
4 Investment appraisal methods
5 Project appraisal applications
6 Investment strategy and process
PART 3 VALUE, RISK AND THE REQUIRED RETURN
7 Analysing investment risk
8 Identifying and valuing options
9 Relationships between investments: portfolio theory
10 Setting The Risk Premium: The Capital Asset Pricing Model
11 The required rate of return on investment
12 Enterprise value and equity value
PART 4 SHORT-TERM FINANCING AND POLICIES
13 Treasury management and working capital policy
14 Short-term asset management
15 Short - and medium-term finance
PART 5 STRATEGIC FINANCIAL DECISIONS
16 Long-term finance
17 Returning value to shareholders: the dividend decision
18 Capital structure and the required return
19 Does capital structure really matter?
20 Acquisitions and restructuring
PART 6 INTERNATIONAL FINANCIAL MANAGEMENT
21 Managing currency risk
22 Foreign investment decisions
23 Review and frontiers of finance
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)