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.