Language : English
Published : 2018
Pages : 904
Essentials of Financial Management 4th Edition
The fourth edition of Essentials of Financial Management continues to provide students with a focused understanding of today’s corporate finance and financial management. This market-leading text offers a unique balance of clear concepts, contemporary theory, and practical applications in order to help students understand the concepts and reasons behind corporate budgeting, financing, working capital decision making, forecasting, valuation, and the time value of money. It has been updated to include discussions of several major events such as the European debt crisis, the continued weakness in the economy, the dramatic run-up in the U.S. stock market between 2011 and 2014, and growing unrest around the world.
About the Author
Dr. Hsu Jun-ming is Professor at the Department of Finance, National Chung Hsing University, Taiwan. He holds a PhD in Finance from Syracuse University. He teaches courses in financial management, investments, investment banking, international financial management and his research focuses on corporate finance and investment banking. He has published in internationally renowned journals such as the Journal of International Financial Markets, Institutions and Money, Journal of Financial Studies, Emerging Markets and Trade, Journal of Investing, Pacific Economic Review, and Review of Securities and Futures Markets.
Dr. Kong Yoon Kee, CFA, FRM, is Senior Lecturer at the Division of Banking and Finance, Nanyang Business School, Nanyang Technological University. He holds a PhD in Finance from Nanyang Technological University. He teaches courses in financial management, business finance, financial markets and institutions, equity securities, derivatives, and treasury and risk management. His research focus is on derivatives software analytics, financial risk management and asset pricing. Prior to joining the academia, he has extensive finance and banking experience having worked in leading multinational and Singaporean banks. His industry experience covers the areas of money and capital markets, equities, foreign exchange, futures, options, financial engineering and structuring, and risk management.
Dr. A.N. Bany-Ariffin is Associate Professor at the Faculty of Economics and Management, Universiti Putra Malaysia. He received his DBA from the Faculty of Economics and Business, National University of Malaysia and his MBA and BBA from the University of Oklahoma. He was an adaptor for the 2nd edition of the Essentials of Financial Management and has published in journals such as the International Review of Financial Analysis, Studies in Economics and Finance, and Asian Economic Review. He has also presented numerous working papers for international and Malaysian finance-related conferences. His current research interests include corporate finance, ownership structure, asset valuation and corporate governance, and firms’ internationalization process.
Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham received his M.B.A. and Ph.D. from the University of California-Berkeley and his undergraduate degree from the University of North Carolina. Prior to joining the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin, and the University of California-Los Angeles. Dr. Brigham has served as president of the Financial Management Association and has written many journal articles on the cost of capital, capital structure, and other aspects of financial management. He has authored or co-authored ten textbooks on managerial finance and managerial economics that are used at more than 1,000 universities in the United States and have been translated into 11 languages worldwide. He has testified as an expert witness in numerous electric, gas, and telephone rate cases at both federal and state levels. He has served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy, and the RAND Corporation. Dr. Brigham continues to teach, consult, and complete research in addition to his academic writing. He spends his spare time on the golf course, enjoying time with his family and dogs, and tackling outdoor adventure activities, such as biking through Alaska.
Joel F. Houston is the John B. Hall Professor of Finance at the University of Florida. He received his M.A. and Ph.D. from the Wharton School at the University of Pennsylvania, and his undergraduate degree from Franklin and Marshall College. Prior to his appointment at the University of Florida, Dr. Houston was an Economist at the Federal Reserve Bank of Philadelphia. Joel’s research is primarily in the areas of corporate finance and financial institutions, and his work has been published in a number of top journals including THE JOURNAL OF FINANCE, JOURNAL OF FINANCIAL ECONOMICS, JOURNAL OF BUSINESS, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS AND FINANCIAL MANAGEMENT. Professor Houston also currently serves as an Associate Editor for the JOURNAL OF MONEY, CREDIT AND BANKING, the JOURNAL OF FINANCIAL SERVICES RESEARCH and the JOURNAL OF FINANCIAL ECONOMIC POLICY. Since arriving at the University of Florida in 1987, Joel has received 19 teaching awards, and has been actively involved in both undergraduate and graduate education. In addition to co-authoring leading textbooks in financial management, Dr. Houston has participated in management education programs for the PURC/World Bank Program, Southern Company, Exelon Corporation and Volume Services America. Joel enjoys playing golf and tennis and spending time with his wife (Sherry) and two children (Chris and Meredith). He is an avid sports fan who follows the Florida Gators, and the Pittsburgh Steelers, Pirates and Penguins.
Financial ACCT is an accessible, easy-to-read text that covers the principles of Financial Accounting. The 4LTR press approach to learning the principles of financial accounting, Financial Accounting is the Asia-Pacific edition of a proven, innovative solution to enhance the students’ learning experience. Concise, yet complete, coverage supported by a suite of online learning aids equips students with the tools required to successfully undertake an introductory financial accounting course.
This new edition has been written by Doug Gourlay and David Flanders specifically in alignment with MYOB AccountRight Plus Version 19.7 and MYOB AssetManager Pro v 3.6 Test Drive edition software. The book comes with a DVD containing MYOB AccountRight Plus v19.7 Educational Edition for PC, as well as software for using MYOB on Mac. AccountEdge version 9.6 Education Edition and MYOB AssetManager Pro v 3.6 Test Drive Edition. The DVD also includes UWatch interactive simulation tutorials powered by Adobe Captivate Software, giving students a hands-on demonstration of MYOB v19.7 functionality detailed in the text. Former Chapter 9 Fixed Assets is now available online as are 9 extra revision exercises.
The final word on passive vs. active investing
The debate on active investing-stock picking and market timing-versus passive investing-markets are highly efficient and almost impossible to outperform-has raged for decades. Which side is right? In The Quest for Alpha: The Holy Grail of Investing, author Larry E. Swedroe puts an end to the debate, proving once and for all that active investing is likely to prove futile as the associated expenses-costs, fees, and time spent analyzing individual stocks and the overall market-are likely to exceed any benefits gained. The book
- Presents research, data, and quotations that reveal it’s extremely difficult to outperform the market
- Explains why investors should focus on asset allocation, fund construction, costs, tax efficiency, and the building of a globally diversified portfolio that minimizes, if not eliminates, the taking of idiosyncratic, uncompensated risks
- Other titles by Swedroe: The Only Guide to Alternative Investments You’ll Ever Need and The Only Guide You’ll Ever Need for the Right Financial Plan
Investors are on a never-ending search for a money manager who will deliver returns above the appropriate risk-adjusted benchmark, aka the “Holy Grail of Investing.” The Quest for Alpha demonstrates that it’s a loser’s game-while it’s possible to win, it’s so unlikely that you shouldn’t try.