Financial Management for Decision Making Book

Bierman (business administration, Cornell University) and Smidt (economics and finance, Cornell University) build on the basic capital budgeting framework in this introduction to corporate finance for a first or intermediate course in financial management. The theoretical formulations that are most useful in making managerial financial decisions are stressed, and the concepts of time value of money and the use of diversification to reduce risk are fully explained. A survey of capital budgeting techniques is presented, followed by a discussion of the cost of capital and long-term financing decisions. Worked examples and chapter problems are included. Annotation ©2004 Book News, Inc., Portland, OR