Business Finance, 11th edition

Published by Pearson Higher Education (March 16, 2017) © 2017
Eddie McLaney

Title overview

Successfully blending the theoretical, analytical and practical aspects of finance and investments, the 11th edition of Business Finance is an essential introduction for any student studying accounting and finance. With a strong real world focus, this text bridges the gap between the theories surrounding financial decision making and what happens in the real business world in an accessible, user-friendly way.

This edition includes a Companion Website.

Hallmark Features

Business Finance contains several pedagogical features to help provide a supported and engaging learning experience:

  • All chapters contain key learning objectives, summaries, and highlighted key terms so that students can track their learning from start to end of the chapter
  • Filled with review questions and problems giving students plenty of opportunities to practice and refine their knowledge.
  • Illustrated examples throughout to explain step by step workings through to solution
  • Clear and structured Parts and sections to ensure logical progression and understanding
  • Alongside the book, lecturers have access to a lecturer resource centre which provides an instructor’s manual and PowerPoint slides. To download these visit www.pearsoned.co.uk/mclaney

New to this Edition

In line with reviewer feedback, the new edition has been updated to incorporate the following:

  • An extensive up-to-date range of UK and internationally-focused real-world examples
  • Incorporation of relevant recent research evidence
  • Extended discussion of the role and criticisms of 'private equity'
  • Expanded coverage of alleged 'short termism' in financial decision making
  • Substantial revision of financing small businesses, including government support 'crowd funding' and 'peer to peer' lending
  • Comprehensive coverage of the latest international issues
  • Continued use of clear design and pedagogical features for enhanced readability and quick reference
·

Table of contents

Part 1 The business finance environment

  1. 1 Introduction
  2. 2 A framework for financial decision making
  3. 3 Financial (accounting) statements and their interpretation

Part 2 Investment decisions

  1. 4 Investment appraisal methods
  2. 5 Practical aspects of investment appraisal
  3. 6 Risk in investment appraisal
  4. 7 Portfolio theory and its relevance to real investment decisions

Part 3 Financing decisions

  1. 8 Sources of long-term finance
  2. 9 The secondary capital market (the stock exchange) and its efficiency
  3. 10 Cost of capital estimations and the discount rate
  4. 11 Gearing, the cost of capital and shareholders’ wealth
  5. 12 The dividend decision

Part 4 Integrated decisions

  1. 13 Management of working capital
  2. 14 Corporate restructuring (including takeovers and divestments)
  3. 15 International aspects of business finance
  4. 16 Small businesses

Author bios

Eddie McLaney is Visiting Fellow in Accounting and Finance at the University of Plymouth.

Loading...Loading...Loading...