Financial Management and Policy, 12th Edition

Textbook offering readers insight into modern financial management and policy, with sidebars highlighting key terms and and giving them explanation and embellishment. Includes chapters on dividends and share repurchase, high-yield debt, liability management and short/medium term financing, and other topics. DLC: Corporations--Finance.

Highly respected for its effective integration of financial theory and practice, this classic text explores financial theory as it relates to a corporation's investment in assets, financing, and dividends (and their relation to maximizing shareholder wealth). In addition it applies financial analysis and analytical techniques to financial decision making -- with an emphasis on formulating alternatives, analyzing them, and reaching a decision. The text also highlights the rich institutional environment in which financial decisions are made -- capturing the changing regulatory, tax, and economic, environment and considers the globalization of finance.