Financial Management: Principles and Applications, Global Edition, 14th edition

Published by Pearson (April 13, 2021) © 2021

  • Sheridan Titman University of Texas at Austin
  • Arthur J. Keown
  • John D. Martin Baylor University
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Title overview

Hallmark features of this title

  • The 5 Principles of Finance are introduced in the first chapter and then woven throughout the book. This provides a foundation in financial decision making which students can later use to solve problems.
  • Real-World Examples enhance the relevance of the topics discussed.
  • Checkpoints provide a consistent problem-solving technique that walks students through each problem in 5 steps, including an analysis of the solution.
  • Regardless of Your Major boxes explain why the issues in the chapter are relevant to students who are not finance majors.
  • Tools of Financial Analysis boxes serve as a quick reference guide for critical equations used to support financial decision making.

Table of contents

Part 1: Introduction to Financial Management

  1. 1: Getting Started—Principles of Finance
  2. 2: Firms and the Financial Markets
  3. 3: Understanding Financial Statements
  4. 4: Financial Analysis Sizing Up Firm Performance

Part 2: Valuation of Financial Assets

  1. 5: The Time Value of Money—The Basics
  2. 6: The Time Value of Money—Annuities and Other Topics
  3. 7: An Introduction to Risk and Return—History of Financial Market Returns
  4. 8: Risk and Return—Capital Market Theory
  5. 9: Debt Valuation and Interest Rates
  6. 10: Stock Valuation

Part 3: Capital Budgeting

  1. 11: Investment Decision Criteria
  2. 12: Analyzing Project Cash Flows
  3. 13: Risk Analysis and Project Evaluation
  4. 14: The Cost of Capital

Part 4: Capital Structure and Dividend Policy

  1. 15: Capital Structure Policy
  2. 16: Dividend and Share Repurchase Policy

Part 5: Liquidity Management and Special Topics in Finance

  1. 17: Financial Forecasting and Planning
  2. 18: Working-Capital Management
  3. 19: International Business Finance
  4. 20: Corporate Risk Management

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