Description

Features

• The 10 Principles of Finance
  • —The fundamental principles that drive the practice of corporate finance. These theories show students that finance is not merely the study of a set of unrelated topics, tools, and techniques, but is a very cohesive and directed study linked together by common underlying principles. The 10 Principles of Finance are:
  • 1. The Risk-Return Trade-Off—We Won't Take on Additional Risk Unless We Expect to Be Compensated with Additional Return.
  • 2. The Time Value of Money—A Dollar Received Today is Worth More Than a Dollar Received in the Future.
  • 3. Cash-Not Profits-is King.
  • 4. Incremental Cash Flows—It's Only What Changes That Counts.
  • 5. The Curse of Competitive Markets—Why It's Hard to Find Exceptionally Profitable Projects.
  • 6. Efficient Capital Markets—The Markets Are Quick and The Prices are Right.
  • 7. The Agency Problem-Managers Won't Work for Owners Unless It's in Their Best Interest.
  • 8. Taxes Bias Business Decisions.
  • 9. All Risk is Not Equal-Some Risk Can Be Diversified Away, and Some Cannot.
  • 10. Ethical Behavior Is Doing the Right Thing, and Ethical Dilemmas Are Everywhere in Finance.

• NEW - Harley-Davidson is introduced as a focus company with Chapter introductions, and “Road Rules- A Focus on Harley-Davidson” boxed features. This new focus puts “a face to finance” by showing how the financial concepts discussed affect real people and real jobs within Harley-Davidson within many areas of the firm—not just Finance, including: Marketing, Finance, Human Resources, Distribution, and more.

  • Student can easily understand the relevance, use, and importance of the material to be presented. Moreover, by focusing on the challenges facing a single company, and real people within the company, the student can better understand the interrelationships between the different financial topics that are presented.

• NEW - Chapter 13, “Managing for Shareholder Value”—This chapter addresses issues of measurement and rewards designed to create shareholder value, including EVA®. This measure of performance has been found to be an effective tool for managing for shareholder value by a large number of firms both in the U.S. and abroad. Financial Management is the first corporate finance text to undertake a synthesis of both the measurement (EVA®) and reward (compensation) systems that are commonplace among the top value creators in corporate America.

• Examples of international finance have been integrated throughout the text. In addition, at the close of most chapters a new section has been added dealing with how the material in that chapter relates to the multinational firm.

• Major differences between Keown et al., Financial Management, 9/e , and Keown et al. Foundations of Finance, 3/e —Financial Management, 9/e has three chapters on capital budgeting, Foundations of Finance has two; and Financial Management, 9/e has five more chapters than Foundations of Finance, 3/e: Managing for Shareholder Value, 20; Accounts Receivable and Inventory Management (this material is contained in an abbreviated form in Chapter 16, “Liquidity Asset Management” in Foundations of Finance 3e), 21; Risk Management and Leases, 23; Corporate Restructuring: Combinations and Divestitures,* 24; and Term Loans and Leases.* (*Available only on the web- www.prenhall.com/keown.)

New To This Edition

• Harley-Davidson is introduced as a focus company with Chapter introductions, and “Road Rules- A Focus on Harley-Davidson” boxed features. This new focus puts “a face to finance” by showing how the financial concepts discussed affect real people and real jobs within Harley-Davidson within many areas of the firm—not just Finance, including: Marketing, Finance, Human Resources, Distribution, and more.

  • Student can easily understand the relevance, use, and importance of the material to be presented. Moreover, by focusing on the challenges facing a single company, and real people within the company, the student can better understand the interrelationships between the different financial topics that are presented.

• Chapter 13, “Managing for Shareholder Value”—This chapter addresses issues of measurement and rewards designed to create shareholder value, including EVA®. This measure of performance has been found to be an effective tool for managing for shareholder value by a large number of firms both in the U.S. and abroad. Financial Management is the first corporate finance text to undertake a synthesis of both the measurement (EVA®) and reward (compensation) systems that are commonplace among the top value creators in corporate America.

Table of Contents

(NOTE: *Only available from the MyPHLIP website: www.prenhall.com/keown.)

 1. Introduction to Financial Management.


 2. Understanding Financial Statements, Taxes, and Cash Flows.


 3. Evaluating a Firm's Financial Performance.


 4. Financial Forecasting, Planning, and Budgeting.


 5. The Time Value of Money.


 6. Risk and Rates of Return.


 7. Valuation and Characteristics of Bond.


 8. Stock Valuation.


 9. Capital-Budgeting Decision Criteria.


10. Cash Flows and Other Topics in Capital Budgeting.


11. Capital Budgeting and Risk Analysis.


12. Cost of Capital.


13. Managing for Shareholder Value.


14. Raising Capital in the Financial Markets.


15. Analysis and Impact of Leverage.


16. Planning the Firm's Financial Mix.


17. Dividend Policy and Internal Financing.


18. Working-capital Management and Short-term Financing.


19. Cash and Marketable Securities Management.


20. Accounts Receivable and Inventory Management.


21. Risk Management.


22. International Business Finance.


23. Corporate Restructuring: Combinations and Divestitures.*


24. Term Loans and Leases.*

Courses

Undergraduate Corporate Finance  [CORE TEXTS]   (Finance)

Next Edition(s)

• Financial Management: Principles and Applications, 11/E
  Titman, Martin & Keown
  ©2011  |  Prentice Hall  |  Cloth; 744 pp  |  Instock
  ISBN-10: 0132340356  |  ISBN-13: 9780132340359
  Suggested retail price: $236.00  Buy from myPearsonStoreNet price: $177.00  (What's this?)Brief Description  | 

  

  For the introductory finance course–undergraduate corporate finance or financial management–required at all undergraduate business schools.
  
  Get the picture and develop a fundamental understanding of finance.
  
  Students often miss the big picture, viewing finance as a set of unrelated topics, tools, and techniques. In order to help students see the big picture, this text provides an introduction to financial decision-making that links the concepts to four key principles of finance.
  
  Sheridan Titman joins Arthur J. Keown and John D. Martin as a new co-author in the eleventh edition. Together, this author team has incorporated significant revisions that weave currency, relevance, and real-world issues into the pages of this well-know finance text.  
  

   

  MyFinanceLab New Design is now available for this title!  MyFinanceLab New Design offers: 

  • One Place for All of Your Courses. Improved registration experience and a single point of access for instructors and students who are teaching and learning multiple MyLab/Mastering courses.
  • A Simplified User Interface.  The new user interface offers quick and easy access to Assignments, Study Plan, eText & Results, as well as additional option for course customization.
  • New Communication Tools. The following new communication tools can be used to foster collaboration, class participation, and group work.
  • Email: Instructors can send emails to their entire class, to individual students or to instructors who has access to their course.
  • Discussion Board: The discussion board provides students with a space to respond and react to the discussions you create. These posts can also be separated out into specific topics where students can share their opinions/answers and respond to their fellow classmates’ posts.
  • Chat/ ClassLive: ClassLive is an interactive chat tool that allows instructors and students to communicate in real time. ClassLive can be used with a group of students or one-on-one to share images or PowerPoint presentations, draw or write objects on a whiteboard, or send and received graphed or plotted equations. ClassLive also has additional classroom management tools, including polling and hand-raising.
  • Enhanced eText. Available within the online course materials and offline via an iPad app, the enhanced eText allows instructors and students to highlight, bookmark, take notes, and share with one another.

  Follow the following link for a digital demo of the eleventh edition!

  http://www.pearsonhighered.com/titmandemo/
  

  
  

  More Info
  

• Financial Management: Principles and Applications plus MyFinanceLab Package, 11/E
  Titman, Keown & Martin
  ©2011  |  Prentice Hall  |  Kit/Package/ShrinkWrap  |  Instock (Additional assembly time required)
  ISBN-10: 0132165899  |  ISBN-13: 9780132165891
  Suggested retail price: $242.67  Net price: $182.00  (What's this?)Brief Description  | 

  

  For the introductory finance course—undergraduate corporate finance or financial management—required at all undergraduate business schools.
  
  Get the picture and develop a fundamental understanding of finance.
  
  Students often miss the big picture, viewing finance as a set of unrelated topics, tools, and techniques. In order to help students see the big picture, this text provides an introduction to financial decision-making that links the concepts to four key principles of finance.
  
  Sheridan Titman joins Arthur J. Keown and John D. Martin as a new co-author in the eleventh edition. Together, this author team has incorporated significant revisions that weave currency, relevance, and real-world issues into the pages of this well-know finance text.  

   

  Follow the following link for a digital demo of the eleventh edition!

  http://www.pearsonhighered.com/titmandemo/
  
  

  More Info
  

• Financial Management: Principles and Applications with MyFinanceLab with Pearson eText Student Access Code Card Package, 11/E
  Titman, Martin & Keown
  ©2011  |  Prentice Hall  |  Kit/Package/ShrinkWrap  |  Instock
  ISBN-10: 0132757087  |  ISBN-13: 9780132757089
  Suggested retail price: $242.67  Net price: $182.00  (What's this?)Brief Description  | 

  

  For the introductory finance course—undergraduate corporate finance or financial management—required at all undergraduate business schools.
  
  Get the picture and develop a fundamental understanding of finance.
  
  Students often miss the big picture, viewing finance as a set of unrelated topics, tools, and techniques. In order to help students see the big picture, this text provides an introduction to financial decision-making that links the concepts to four key principles of finance.
  
  Sheridan Titman joins Arthur J. Keown and John D. Martin as a new co-author in the eleventh edition. Together, this author team has incorporated significant revisions that weave currency, relevance, and real-world issues into the pages of this well-know finance text.  
  

   

  MyFinanceLab New Design is now available for this title!  MyFinanceLab New Design offers: 

  • One Place for All of Your Courses. Improved registration experience and a single point of access for instructors and students who are teaching and learning multiple MyLab/Mastering courses.
  • A Simplified User Interface.  The new user interface offers quick and easy access to Assignments, Study Plan, eText & Results, as well as additional option for course customization.
  • New Communication Tools. The following new communication tools can be used to foster collaboration, class participation, and group work.
  • Email: Instructors can send emails to their entire class, to individual students or to instructors who has access to their course.
  • Discussion Board: The discussion board provides students with a space to respond and react to the discussions you create. These posts can also be separated out into specific topics where students can share their opinions/answers and respond to their fellow classmates’ posts.
  • Chat/ ClassLive: ClassLive is an interactive chat tool that allows instructors and students to communicate in real time. ClassLive can be used with a group of students or one-on-one to share images or PowerPoint presentations, draw or write objects on a whiteboard, or send and received graphed or plotted equations. ClassLive also has additional classroom management tools, including polling and hand-raising.
  • Enhanced eText. Available within the online course materials and offline via an iPad app, the enhanced eText allows instructors and students to highlight, bookmark, take notes, and share with one another.

   

  Follow the following link for a digital demo of the eleventh edition!

  http://www.pearsonhighered.com/titmandemo/

  More Info
  

• Financial Management: Principles and Applications with MyFinanceLab with Pearson eText Student Access Code Card Package, 11/E
  Titman, Martin & Keown
  ©2011  |  Prentice Hall  |  Kit/Package/ShrinkWrap  |  Instock
  ISBN-10: 0132757087  |  ISBN-13: 9780132757089
  Suggested retail price: $242.67  Net price: $182.00  (What's this?)Brief Description  | 

  

  For the introductory finance course—undergraduate corporate finance or financial management—required at all undergraduate business schools.
  
  Get the picture and develop a fundamental understanding of finance.
  
  Students often miss the big picture, viewing finance as a set of unrelated topics, tools, and techniques. In order to help students see the big picture, this text provides an introduction to financial decision-making that links the concepts to four key principles of finance.
  
  Sheridan Titman joins Arthur J. Keown and John D. Martin as a new co-author in the eleventh edition. Together, this author team has incorporated significant revisions that weave currency, relevance, and real-world issues into the pages of this well-know finance text.  
  

   

  MyFinanceLab New Design is now available for this title!  MyFinanceLab New Design offers: 

  • One Place for All of Your Courses. Improved registration experience and a single point of access for instructors and students who are teaching and learning multiple MyLab/Mastering courses.
  • A Simplified User Interface.  The new user interface offers quick and easy access to Assignments, Study Plan, eText & Results, as well as additional option for course customization.
  • New Communication Tools. The following new communication tools can be used to foster collaboration, class participation, and group work.
  • Email: Instructors can send emails to their entire class, to individual students or to instructors who has access to their course.
  • Discussion Board: The discussion board provides students with a space to respond and react to the discussions you create. These posts can also be separated out into specific topics where students can share their opinions/answers and respond to their fellow classmates’ posts.
  • Chat/ ClassLive: ClassLive is an interactive chat tool that allows instructors and students to communicate in real time. ClassLive can be used with a group of students or one-on-one to share images or PowerPoint presentations, draw or write objects on a whiteboard, or send and received graphed or plotted equations. ClassLive also has additional classroom management tools, including polling and hand-raising.
  • Enhanced eText. Available within the online course materials and offline via an iPad app, the enhanced eText allows instructors and students to highlight, bookmark, take notes, and share with one another.

   

  Follow the following link for a digital demo of the eleventh edition!

  http://www.pearsonhighered.com/titmandemo/

  More Info
  

MyPHLIP/Companion Website - Keown, 9/E
Keown
©2002  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130663913  |  ISBN-13: 9780130663917
This online resource is available at no cost at http://www.prenhall.com/keown.
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Excel Templates and Solutions (Web only), 9/E
Keown
©2002  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0130342548  |  ISBN-13: 9780130342546
URL: http://www.keown.com
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MyPHLIP/Companion Website - Keown, 9/E
Keown
©2002  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130663913  |  ISBN-13: 9780130663917
This online resource is available at no cost at http://www.prenhall.com/keown.
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PowerPoints (Web only), 9/E
Keown
©2002  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0130342580  |  ISBN-13: 9780130342584
URL: http://www.prenhall.com/keown
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Study Guide (WEB), 9/E
Keown
©2002  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 013034253X  |  ISBN-13: 9780130342539
URL: http://www.prenhall.com/keown
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MyPHLIP/Companion Website - Keown, 9/E
Keown
©2002  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130663913  |  ISBN-13: 9780130663917
This online resource is available at no cost at http://www.prenhall.com/keown.
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Holden: Spreadsheet Modeling in Corporate Finance (Keown edition), 9/E
Holden
©2002  |  Prentice Hall  |  Cloth  |  Not Yet Published
ISBN-10: 0130499048  |  ISBN-13: 9780130499042
Suggested retail price:  $20.00Net price: $15.00  (What's this?)More Info

FinCoach 2.0: CD-ROM Edition
Handa
©2002  |  Prentice Hall  |  CD-ROM Only  |  Instock
ISBN-10: 0130606189  |  ISBN-13: 9780130606181
Suggested retail price:  $60.00    Buy from myPearsonStoreNet price: $45.00  (What's this?)More Info

Research Navigator: Resources for College Research
Pearson
©2006  |  Prentice Hall  |  Paper  |  Instock
ISBN-10: 0321186079  |  ISBN-13: 9780321186072
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MyPHLIP/Companion Website - Keown, 9/E
Keown
©2002  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0130663913  |  ISBN-13: 9780130663917
This online resource is available at no cost at http://www.prenhall.com/keown.
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  Keown
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