Synopses & Reviews
ALERT: Before you purchase, check with your instructor or review your course syllabus to ensure that you select the correct ISBN. Several versions of Pearson's MyLab & Mastering products exist for each title, including customized versions for individual schools, and registrations are not transferable. In addition, you may need a CourseID, provided by your instructor, to register for and use Pearson's MyLab & Mastering products.
Access codes for Pearson's MyLab & Mastering products may not be included when purchasing or renting from companies other than Pearson; check with the seller before completing your purchase.
Used or rental books
If you rent or purchase a used book with an access code, the access code may have been redeemed previously and you may have to purchase a new access code.
Access codes that are purchased from sellers other than Pearson carry a higher risk of being either the wrong ISBN or a previously redeemed code. Check with the seller prior to purchase.
Intended primarily for the introductory finance course–undergraduate corporate finance or financial management courses–this text also provides an enduring understanding of the basic tools and fundamental principles upon which finance is based.
Get the picture and develop a fundamental understanding of finance.
Readers often miss the big picture, viewing finance as a set of unrelated topics, tools, and techniques. In order to help readers see the big picture, this text provides an introduction to financial decision-making that links the concepts to five key principles of finance.
Authors Arthur J. Keown, John D. Martin, and Sheridan Titman have incorporated significant revisions that weave currency, relevance, and real-world issues into the pages of this well-know finance text.
Break through to improved results with MyFinanceLab®
MyFinanceLab is an online homework, tutorial, and assessment program that truly engages students in learning. It helps students better prepare for class, quizzes, and exams–resulting in better performance in the course–and provides educators a dynamic set of tools for gauging individual and class progress. And, MyFinanceLab comes from Pearson, your partner in providing the best digital learning experiences.
MyFinanceLab for Financial Management is a total learning package that reflects the vitality of an ever-expanding discipline. Instructors using MyFinanceLab can manage all assessment needs in one program, and easily assign auto-graded homework. Students have the flexibility to practice and self-assess while receiving feedback and tutorial aids.
0133485579 / 9780133485578 Financial Management: Principles and Applications Plus NEW MyFinanceLab with Pearson eText -- Access Card Package
Package consists of:
0133423824 / 9780133423822 Financial Management: Principles and Applications
013345049X / 9780133450491 NEW MyFinanceLab with Pearson eText -- Access Card -- Financial Management: Principles and Applications
Note: MyFinanceLab is not a self-paced technology and should only be purchased when required by an instructor.
About the Author
SHERIDAN TITMAN holds the McAllister Centennial Chair in Financial Services at the University of Texas. He has a B. S. from the University of Colorado and an M.S. and Ph.D. from Carnegie Mellon University. Prior to joining the faculty at the University of Texas, Professor Titman was a Professor at UCLA, the Hong Kong University of Science and Technology, and Boston College, and spent the 1988-1989 academic year in Washington, D.C. as the special assistant to the Assistant Secretary of the Treasury for Economic Policy. In addition, he has consulted for a variety of financial institutions and corporations. He has served on the editorial boards of the leading academic finance and real estate journals, was an editor of the Review of Financial Studies,
and was the founding editor of the International Review of Finance
. Professor Titman has served as both Presidents and Vice Presidents of the American Finance Association and the Western Finance Association and has served as a director of the American Finance Association, the Asia Pacific Finance Association, the Western Finance Association, and the Financial Management Association. He has published more than 50 articles in both academic and professional journals and has co-authored two additional books, Financial Markets and Corporate Strategy
, and Valuation.
. He has received a number of awards for his research excellence and is a Fellow of the Financial Management Association and a Research Associate of the National Bureau of Economic Research. Sheridan and Meg live with their three sons and dog (Mango) in Austin, Texas.
ARTHUR J. KEOWN is the R. B. Pamplin Professor of Finance and Finance Department Head at Virginia Polytechnic Institute and State University. He received his bachelor's degree from Ohio Wesleyan University, his MBA from the University of Michigan and his doctorate from Indiana University. An award-wining teacher, he is a member of the Academy of Teaching Excellence at Virginia Tech, and he has received five certificates of Teaching Excellence, the W.E. Wine Award for Teaching Excellence, and the Alumni Teaching Excellence Award. In 1999, he received the Outstanding Faculty Award from the State of Virginia. Professor Keown is widely published in academic journals. His work has appeared in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Research, Journal of Banking and Finance, Financial Management, Journal of Portfolio Management, and many others. Two of his books are widely used in college finance classes all over the country - Foundations of Finance: The Logic and Practice of Financial Management and Personal Finance, Turning Money into Wealth. Professor Keown is a Fellow of Decision Sciences Institute and head of the Finance Department. In addition, he has served as the co-editor of both the Journal of Financial Research and the Financial Management Association's Survey and Synthesis Series. He was recently inducted into Ohio Wesleyan's hall of Fame for wrestling. His daughter and son are both married and live in Madison, Wisconsin, and Dubai, while he and his wife live in Blacksburg, Virginia, where he collects original art from Mad Magazine.
JOHN MARTIN holds the Carr B. Collins Chair in Finance in the Hankamer School of Business at Baylor University, where he has received multiple best teacher awards in the Baylor Executive MBA program. Prior to moving to Baylor Professor Martin was the Margaret and Eugene McDermott Professor of Finance at the University of Texas at Austin.
Over his career, Professor Martin has published more than 50 articles in the leading finance journals and served in a number of editorial positions, including the co-editorship of the Financial Management Association’s Survey and Synthesis Series published by the Oxford University Press. In addition, he has co-authored the following books: Valuation: The Art and Science of Corporate Investment Decisions, 2nd edition (Pearson Education); Financial Analysis (McGraw-Hill Publishing Company); Foundations of Finance, 8th edition (Pearson Education); The Theory of Finance (Dryden Press); and Value Based Management, 2nd edition (Harvard Business School/Oxford University Press).
John and Sally have two wonderful sons and two beautiful grandsons who visit them often on their ranch in Crawford, Texas, where they raise Brangus cattle and miniature donkeys.
Table of Contents
Part 1: Introduction to Financial Management
Chapter 1: Getting Started - Principles of Finance
Chapter 2: Firms and the Financial Market
Chapter 3: Understanding Financial Statements, Taxes, and Cash Flows
Chapter 4: Financial Analysis - Sizing Up Firm Performance
Part 2: Valuation of Financial Assets
Chapter 5: Time Value of Money - The Basics
Chapter 6: The Time Value of Money - Annuities and Other Topics
Chapter 7: An Introduction to Risk and Return - History of Financial Market Returns
Chapter 8: Risk and Return - Capital Market Theory
Chapter 9: Debt Valuation and Interest Rates
Chapter 10: Stock Valuation
Part 3: Capital Budgeting
Chapter 11: Investment Decision Criteria
Chapter 12: Analyzing Project Cash Flows
Chapter 13: Risk Analysis and Project Evaluation
Chapter 14: The Cost of Capital
Part 4: Capital Structure & Dividend Policy
Chapter 15: Capital Structure Policy
Chapter 16: Dividend Policy
Part 5: Liquidity Management & Special Topics in Finance
Chapter 17: Financial Forecasting and Planning
Chapter 18: Working Capital Management
Chapter 19: International Business Finance
Chapter 20: Corporate Risk Management