Corporate Finance and Investment Decisions and Strategies

"A book that meets the needs of students at many levels using straightforward clear explanations. Written in common-sense language that can be understood by students just beginning their studies, as well as offering complex hypotheses to challenge the more advanced students. It frequently puts the difficult theories in context by relating them to the practicalities of business examples students can relate to." Dr Ann Butchers, Senior Teaching Fellow, University of Warwick, UK "Provides a comprehensive coverage of the whole spectrum of corporate finance. Using simple but powerful examples, as well as a host of real world illustrations, this book carefully explains the principles, models and intuition financial managers need to have to successfully create value for their business. What is really excellent is the way that the authors embed the discussion within the company#146;s wider corporate strategic context. This is one reason why I have long used this book as the required text for my corporate finance course." Dr Peter Moles, Senior Lecturer in Finance, University of Edinburgh Management School, UK This popular text takes a practical approach to corporate finance, applying key concepts and techniques to a broad range of contemporary issues in the field of finance. Examining financial issues from a managerial standpoint the authors demonstrate the role finance has to play in explaining and shaping business development, rather than concentrating on quantitative aspects. Established distinctive features: Reliable and easy to read, the text#146;s clear and accessible style presents maths using worked examples and diagrams to aid understanding and highlight application; Practical, problem-solving approach blends theory and practice through a wealth of real-world examples, mini-case studies and cameos, to help students to learn how to apply their knowledge; Carefully thought-out features throughout the text to encourage learning and self-assessment; Recommended by professional bodies such as CIMA and ACCA. New for fifth edition: Key formulae printed inside cover for easy reference. Increased emphasis given to international aspects by drawing together relevant material into a new Part VI on International Finance. New final chapter provides an overview of the #145;State of the Art#146; and future direction in corporate financial management, including important perspectives from a behavioural finance view. Revised and updated to include the latest thinking on modern topics such as EVA, strategic options and the new EU Mergers Directive. Corporate Finance and Investment is highly suitable for undergraduates taking a course in corporate finance as part of Accounting, Finance and Business Studies degrees, as well as those taking MBA and other postgraduate level courses in corporate finance. It is particularly suitable for those aiming for professional body qualifications, e.g., from CIMA, ACCA or ICAS. Richard Pike is a Chartered Accountant and Professor of Accounting and Finance at the Bradford University School of Management. Bill Neale is Associate Reader in Financial Management at the University of Bournemouth Institute of Business & Law. He is an experienced teacher, consultant and writer, and is the co-author of the Pearson Education text Business Finance: A Value Based Approach by Neale and McElroy.Pike, Richard is the author of 'Corporate Finance and Investment Decisions and Strategies', published 2006 under ISBN 9780273695615 and ISBN 0273695614.