本书以国际的视野阐述和分析了公司财务管理中所涉及的重犬理论与实务问题。作为一本在西方商学教育中具有广泛影响的教材,历经多年修订后,全书内容结构、理论体系日臻完善,可以满足商学本科、MBA之所需。
全书由六部分组成。**部分主要介绍了公司财务的一些基本知识,包括公司财务管理目标、金融市场、财务指标及业绩评价系统、财务规划与预测等基础内容,为读者的进一步学习提供一个基础平台。第二部分主要介绍了估值理论与方法。**阐述了时间价值、风险与收益的关系、固定收益证券与股票等的估值应用等。第三部分则详细介绍了资本投资决策所涉及的理论与实务问题,并**强调资本预算过程中的风险分析。第四部分主要涉及资本成本、资本结构与股利政策理论与实务,它是公司财务理论与实务关注的核心。第五部分主要关注营运资本管理,包括营运资本政策与短期融资以及营运资本主要项目的管理实务。第六部分主要针对现代财务管理中的公司重组问题进行了分析和讨论。

Preface
Acknow|egements
Part I: Introduction
1 The Role and Objective of Financial
Management
Introduction 3Acknow logements
Forms of Business Organization
Foundation Concept: Maximizing Shareholder Wealth as the Primary Goal
Maximization of Shareholder Wealth: Managerial
Strategies
Foundation Concept: Cash Flow
Foundation Concept: Net Present Value Rule
Organization of the Financial Management
Function
2 The Domestic and Internationai Financial Marketplace
Introduction
Income Taxes and Financial Management
An Overview of the U.S. Financial System
The Structure and Operation of U.S. Security
Markets
Foundation Concept: Market Efficiency
Foundation Concept: Holding Period Returns
3 Evaluation of Financial Performance
Introduction
Uses of Financial Analysis
Interpreting Financial Ratios
Basic Classifications of Financial Ratios
Summary of Financial Ratio Analysis
Trend Analysis
Analysis of Profitability: Return on Investment
Foundation Concept: Analyzing Profitability Through
Return on Stockholders' Equity
A Word of Caution About Financial Ratio Analysis
Earnings and Balance Sheet Quality and Financial
Analysis
Market-Value Added: An Mternative Measure of
Performance
4 Financial Planning and Forecasting
Introduction
Financial Planning
Foundation Concept: Cash Flow Analysis
Financial Forecasting
Part 2: Determinants of Valuation
5 The Time Value of Money
Introduction
Interest
Simple Interest
Compound Interest and Future Value
Present Value
Annuities
……
Present Value: Some Additional Cash Flow Patterns
Compounding Periods and Effective Interest Rates
Solving the Financial Challenge
Integrative Case Problem
Appendix **: Continuous Compounding And
Discounting
Continuous Compounding
Continuous Discounting
Effective Rate Calculations