Strategic Financial Management

In a world of geo-political, social and economic uncertainty, Strategic Financial Management is under pressure. This free book reviews the subject within the context of current events. Each chapter contains Activities (with solutions) to test understanding at your own pace. Comprehensive, yet concise, the material is also presented logically as a guide to further study.

First, the investment decision, which maximises net present value and shareholder wealth. Next, the finance decision, which allocates least-cost combinations of capital resources. Finally, the wealth decision, which examines how internal investment and financial decisions should be externally monitored by the market.