Author Description

This well established textbook has been extensively revised to incorporate innovations in financial markets and financial instruments of the late 1980s. Two new chapters-on international finance and mergers and takeovers-ensure that the reader will be kept up to date with recent developments in financial theory and practice. The book is divided into five main parts: introduction; fundamental principles and methods of investment appraisal; financial policy; sources of finance; and mergers and a conclusion. Distinctive features of the book which will make it attractive to students facing a complex subject for the first time are: BL integration of the theory and practice of finance BL a clear description of the institutional framework of corporate finance This is an ideal textbook for courses on corporate finance. The main text is accompanied by a workbook which includes worked examples, questions, and solutions.