Financial Management: Theory & Practice
By Eugene F. Brigham, Michael C. Ehrhardt, Michael B. McDonald
About your course materials
Teach simple and advanced financial concepts with Brigham, Ehrhardt, and McDonald’s “Financial Management: Theory & Practice,” 18th Edition, helping students gain a strong understanding of core topics. This updated edition focuses on corporate valuation, illustrating why it’s important when making good financial decisions.
Chapters cover a wide range of topics, from fundamentals to strategic finance, and feature examples linking recent events to finance in business or students’ own lives. In each chapter, AI applications in finance guide students on using AI responsibly and explain the need for critical thinking as part of this process. With relevant, comprehensive coverage and an emphasis on Excel applications, this edition is ideal for one- or two-semester introductory M.B.A. courses. This edition is also available as a MindTap course. MindTap is Cengage’s learning platform that provides you with everything you need to deliver a high-impact, guided learning experience. “Financial Management: Theory & Practice,” is a valuable reference tool for students to use throughout their academic and business careers.
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MindTap for Brigham, Ehrhardt, and McDonald’s “Financial Management: Theory & Practice,” 18th Edition is a MindTap course available alongside the edition’s print format. MindTap is Cengage’s learning…
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About this product
Teach simple and advanced financial concepts with Brigham, Ehrhardt, and McDonald’s “Financial Management: Theory & Practice,” 18th Edition, helping students gain a strong understanding of core topics. This updated edition focuses on corporate valuation, illustrating why it’s important when making good financial decisions.
Chapters cover a wide range of topics, from fundamentals to strategic finance, and feature examples linking recent events to finance in business or students’ own lives. In each chapter, AI applications in finance guide students on using AI responsibly and explain the need for critical thinking as part of this process. With relevant, comprehensive coverage and an emphasis on Excel applications, this edition is ideal for one- or two-semester introductory M.B.A. courses. This edition is also available as a MindTap course. MindTap is Cengage’s learning platform that provides you with everything you need to deliver a high-impact, guided learning experience. “Financial Management: Theory & Practice,” is a valuable reference tool for students to use throughout their academic and business careers.
This edition’s engaging and easy-to-understand presentation helps students quickly grasp concepts and master financial tools, freeing up valuable time for you and them.
Current examples and new developments depicting today’s global economic environment help students connect financial concepts to real-world events.
With AI coverage integrated throughout, students develop deeper insight into emerging advancements and real-world applications of the technology.
Table of contents
Part I: The Company and Its Environment.
- 1. An Overview of Financial Management and the Financial Environment.
- 2. Financial Statements, Cash Flow, and Taxes.
- 3. Analysis of Financial Statements.
Part II: Fixed Income Securities.
- 4. Time Value of Money.
- 5. Bonds, Bond Valuation, and Interest Rates.
Part III: Stocks and Options.
- 6. Risk and Return.
- 7. Corporate Valuation, Stock Valuation, and Stock Market Equilibrium Rates.
- 8. Financial Options and Applications in Corporate Finance.
Part IV: Projects and Their Valuation.
- 9. The Cost of Capital.
- 10. The Basics of Capital Budgeting: Evaluating Cash Flows.
- 11. Cash Flow Estimation and Risk Analysis.
Part V: Corporate Valuation and Governance.
- 12. Corporate Valuation and Financial Planning.
- 13. Corporate Governance.
Part VI: Cash Distributions and Capital Structure.
- 14. Distributions to Shareholders: Dividends and Repurchases.
- 15. Capital Structure Decisions.
Part VII: Managing Global Operations.
- 16. Supply Chains and Working Capital Management.
- 17. Multinational Financial Management.
Part VIII: Tactical Financing Decisions.
- 18. FinTech
- 19. Public and Private Financing: Initial Offerings, Seasoned Offerings, and Investment Banks.
- 20. Lease Financing.
- 21. Hybrid Financing: Preferred Stock, Warrants, and Convertibles.
Part IX: Strategic Finance in a Dynamic Environment.
- 22. Dynamic Capital Structures and Corporate Valuation.
- 23. Mergers and Corporate Control.
- 24. Enterprise Risk Management.
- 25. Bankruptcy, Reorganization, and Liquidation.
Part X: Special Topics.
- 26. Portfolio Theory and Asset Pricing Models.
- 27. Real Options.
- 28. Providing and Obtaining Credit.
- 29. Advanced Issues in Cash Management and Inventory Control.
- 30. Pension Plan Management.
- 31. Financial Management in Not-for-Profit Businesses.
- Appendixes.
- Appendix A: Solutions to Self-Test Problems.
- Appendix B: Answers to End-of-Chapter Problems.
- Appendix C: Selected Equations.
- Glossary and Indexes.
Glossary.
- Name Index.
- Subject Index.
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