Financial Management, 12TH edition is an honest and brave attempt at combining theory with practical applications. It begins with the discussion of fundamental concepts of value and return, risk and return relationship and valuation of shares and bonds. With this foundation, readers can easily understand the theories and methods, decision criteria, and financial policies and strategies necessary to manage funds and create and enhance the value of the firm.
Today, financial managers are responsible for shaping the fortunes of the enterprise and are involved in the most vital management decision of allocation of capital. Because of this change in emphasis, the descriptive treatment of the subject of financial management is being replaced by growing analytical content and sound theoretical underpinnings. This is exactly the kind of approach that has been adopted in this book.

Contents:

• Chapter 1 Nature of Financial Management
• Chapter 2 Time Value of Money
• Chapter 3 Valuation of Bonds and Shares
• Chapter 4 Risk and Return of a single asset
• Chapter 5 Portfolio Theory and Assets Pricing Models
• Chapter 6 Beta Estimation and the Cost of Equity
• Chapter 7 Options and Their Valuation

• Chapter 8 Capital Budgeting Decisions
• Chapter 9 The Cost of Capital
• Chapter 10 Cash Flows for Investment Analysis
• Chapter 11 Complex Investment Decisions
• Chapter 12 Risk Analysis in Capital Budgeting
• Chapter 13 Real Options, Investment Strategy and Process

Part 3: Financing and Dividend decisions

• Chapter 14 Financial and Operating Leverage
• Chapter 15 Capital Structure: Theory and Policy
• Chapter 16 Valuation and Financing
• Chapter 17 Dividend Theory
• Chapter 18 Dividend Policy

Part 4: Long-Term Financing

• Chapter 19 Capital Market Efficiency and Capital Markets in India
• Chapter 20 Long-term Finance: Shares, Debentures and Term Loans
• Chapter 21 Convertible Debentures and Warrants
• Chapter 22 Asset-based Financing: Lease, Hire Purchase and Project Financing
• Chapter 23 Venture Capital Financing

Part 5: Financial Analysis and Planning

• Chapter 24 Financial Statements
• Chapter 25 Financial Statement Analysis
• Chapter 26 Financial Planning and Strategy

Part 6: Working Capital Management

• Chapter 27 Principles of Working Capital Management
• Chapter 28 Credit Management
• Chapter 29 Inventory Management
• Chapter 30 Cash Management
• Chapter 31 Working Capital Finance

• Chapter 32 Corporate Restructuring, Mergers and Acquisitions
• Chapter 33 Derivatives for Managing Financial Risk
• Chapter 34 International Financial Management
• Chapter 35 Shareholder Value and Corporate Governance