
Fundamentals of Corporate Finance
by Robert Parrino (University of Texas, Austin); David S. Kidwell (University of Minnesota)Rent Textbook
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Summary
Author Biography
Before joining the University of Minnesota, Dr. Kidwell was Dean of the School of Business Administration at the University of Connecticut. Prior to joining the University of Connecticut, he held endowed chairs in banking and finance at Tulane University, the University of Tennessee, and Texas tech University. He was also on the faculty at the Krannert Graduate School of Management, Purdue University, where he was twice voted the outstanding undergraduate teacher of the year. Dr. Kidwell has published research in the leading journals, including Journals of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Financial Management, and Journal of Money, Credit, and Banking.
Dr. Kidwell has been a management consultant for Coopers & Lybrand and a sales engineer for Bethlehem Steel Corporation. He is an expert on the U.S. financial system and is the author of more than 80 articles dealing with the U.S. financial system and capital markets. Dr. Kidwell has participated in a number of research grants funded by the National Science Foundation to study the efficiency of U.S. capital markets, and to study the impact of government regulation upon the delivery of consumer financial services.
Dr. Kidwell currently serves on the Board of the Schwan Food Company. He is the past Secretary-Treasurer of the Board of Directors of AACSB, the International Association for Management Education. he is a past member of the Boards of the Minnesota Council for Quality, the Stonier Graduate School of Banking, and the Minnesota Center for Corporate responsibility. he has also served as an Examiner for the 1995 Malcolm Baldrige National Quality Award, on the Board of Directors of the Juran Center for Leadership in Quality and on the Board of the Minnesota Life Insurance Company.
Table of Contents
Introduction | |
The Financial Manager and the Firm | |
The Role of the Financial Manager | |
Forms of Business Organization | |
Managing the Financial Function | |
The Goal of the Firm | |
Agency Conflicts: Separation of Ownership and Control | |
The Importance of Ethics in Business | |
Summary of Learning Objectives | |
Self-Study Problems | |
Solutions to Self-Study Problems | |
Critical Thinking Questions | |
Questions and Problems | |
Sample Test Problems | |
Foundations | |
The Financial Environment and the Level of Interest Rates | |
The Financial System | |
Direct Financing | |
Types of Financial Markets | |
The Stock Market | |
Financial Institutions and Indirect Financing | |
The Determinants of Interest Rate Levels | |
Summary of Learning Objectives | |
Summary of Key Equations | |
Self-Study Problems | |
Solutions to Self-Study Problems | |
Critical Thinking Questions | |
Questions and Problems | |
Sample Test Problems | |
Financial Statements, Cash Flows, and Taxes | |
Financial Statements and Accounting Principles | |
The Balance Sheet | |
Market Value versus Book Value | |
The Income Statement and the Statement of Retained Earnings | |
Cash Flows | |
Tying the Financial Statements Together | |
Federal Income Tax | |
Summary of Learning Objectives | |
Summary of Key Equations | |
Self-Study Problems | |
Solutions to Self-Study Problems | |
Critical Thinking Questions | |
Questions and Problems | |
Sample Test Problems | |
Analyzing Financial Statements | |
Background for Financial Statement Analysis | |
Common-Size Financial Statements | |
Financial Statement Analysis | |
The DuPont System: A Diagnostic Tool | |
Selecting a Benchmark | |
Using Financial Ratios | |
Summary of Learning Objectives | |
Summary of Key Equations | |
Self-Study Problems | |
Solutions to Self-Study Problems | |
Critical Thinking Questions | |
Questions and Problems | |
Sample Test Problems | |
Ethics Case: A Sad Tale: The Demise of Arthur Andersen | |
Valuation of Future Cash Flows and Risk | |
The Time Value of Money | |
The Time Value of Money | |
Future Value and Compounding | |
Present Value and Discounting | |
Additional Concepts and Applications | |
Summary of Learning Objectives | |
Summary of Key Equations | |
Self-Study Problems | |
Solutions to Self-Study Problems | |
Critical Thinking Questions | |
Questions and Problems | |
Sample Test Problems | |
Discounted Cash Flows and Valuation | |
Multiple Cash Flows | |
Level Cash Flows: Annuities and Perpetuities | |
Cash Flows That Grow at a Constant Rate | |
The Effective Annual Interest Rate | |
Summary of Learning Objectives | |
Summary of Key Equations | |
Self-Study Problems | |
Solutions to Self-Study Problems | |
Critical Thinking Questions | |
Questions and Problems | |
Sample Test Problems | |
Appendix: Deriving the Formula for the Present Value of an Ordinary Annuity | |
Problem | |
Ethics Case: Buy It on Credit and Be True to Your School | |
Risk and Return | |
Risk and Return Building Intuition: More Risk Means a Higher Expected Return | |
Quantitative Measures of Return | |
The Variance and Standard Deviation as Measures of Risk | |
Risk and Diversification | |
Systematic Risk | |
Compensation for Bearing Systematic Risk | |
The Capital Asset Pricing Model | |
Summary of Learning Objectives | |
Summary of Key Equations | |
Self-Study Problems | |
Solutions to Self-Study Problems | |
Critical Thinking Questions | |
Questions and Problems | |
Sample Test Problems | |
Bond Valuation and the Structur | |
Table of Contents provided by Publisher. All Rights Reserved. |
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