CONTENTS
pre face to the sixth edition vii
preface to the first edition xi
acknowledgement xiii
part 1 introduction
1. financial management 3
2. the finanicial system 22
3. financial statement, taxes, and cash flow 41
part 2 financial analysis and planning
1. analysis financial perfomance 73
2. break-even analysis and leverages 109
3. financial planning and forecasting 127
part 3 fundamental valuation concepts
1. the time value of money 161
2. valuation of bonds and stocks 191
3. risk and returns 226
4. options and their valuation 261
part 4 capital budgeting
1. techniques of capial budgeting 289
2. estimation of project cash flows 317
3. risk analysis in capital budgeting 340
4. the cost of capital 384
5. capital budgeting: extensions 416
part 5 long- term financing
1. market efficewncy and financing decision 443
2. source of long- term finance 461
3. raising long- term finance 476
part 6 capial structure and divided policies
1. capitl sructure and firm value 505
2. capital structure decision 541
3. dividend policy and firm value 574
4. divided decision 591
part 7 deb and hybrid financing
1. debt analysis and management 617
2. leasing, hire-puechase, and poject finance 646
3. hybrid financing 672
part 8 working capital management
1. working capial policy 691
2. cash and liquidity management 708
3. credit management 735
4. inventory management 761
5. working capital financing 782
6. working capital management: extensions 799
part 9 corporate valuation, restructuring and value creation
1. corporate valuation 821
2. value based management 870
3. mergers, acquisitions, and restructuring 917
4. corporate governance and executive compensation 974
5. perfomance measurement and balanced scorecard 996
part 10 special topics
1. international financial management 1015
2. financial management in sick units 1052
3. financial management in intangible-intensive companies 1068
4. corporate risk management 1081
appendix A 1120
appendix B 1129
select bibliography 1130
glossary 1136
index 1150