"This book is your roadmap to success in financial management, with a Learning Goal System that keeps you focused on the key concepts in every chapter and an online homework and tutorial system that gives you the extra practice you need to succeed."
I think this book is outstanding, the chapters are well organized, the learning goals are highlighted and illustrated and very well presented. The colors, graphics, and illustrations are very helpful.
The solved examples are very well designed and explained.
This book helped me in my postgraduate diploma in business administration.
This is a decent textbook inasmuch as it presents in a straightforward and understandable fashion the basic formulas, concepts and theories associated with managerial finance. It is somewhat dry, but not as bad as some textbooks on primarily technical topics.
My low rating for this book is due to the fact that the author attempts to drive home the point that the finance manager's sole job in a firm is to maximize wealth for the shareholder. Each chapter ends with a reiteration of this point, demonstrated in relationship to the current chapter's financial concept. Such narrowness of thinking is popular with those who want to solve the "agency problem" of business, but it is also just such myopia that leads finance managers to financial misdeeds which then precipitate lawsuits, government bailouts, companies going belly-up and even global economic crises.
I was in conversation with a Microsoft executive who had recently come back from a trip to London. He said that in speaking with his CEO friends over there that the "shareholder first" model of capitalism was "basically dead." Most folks have adopted some variation of a stakeholder theory or even a stewardship model. This is more complex and makes teaching good ethics in finance harder. But it is more authentic to the ambiguity to be found in the actual practice of running a business.
Gitman's book seems to be out of step with current thought in business and even current trends in management education. Perhaps he really believes in shareholder first thinking. If so, I wouldn't want him as the CFO of a company I owned.
Pretty straightforward in presenting new concepts and information. It covered a wide range of topics and would be helpful for students going into a MBA program.
Sin este libro no hubiera aprobado las materias mas importantes de mi postgrado en finanzas. Es una joya por la claridad de sus cálculos y su profundidad.
One of the best textbooks in my MBA program. Very well-written, easy to understand. I high recommend this book for any MBA student, or even those wishing to learn about the concepts and theories of managerial finance.
Good examples, most interesting sections are the short blurb on how each chapter applies to various companies. Contains Excel and Calculator guides for concepts as well, and great example questions. Used for my Managerial Finance course at Uni.
Very complicated formulas, unnecessary if you ask me. I simplified the formulas and did not have any problem with exercises. I really find this American handbooks boring beyond belief.