Foundations of Finance: The Logic and Practice of Financial Management

by Arthur J. Keown, J. William Petty II, John D. Martin

Accessible to non-finance and finance professionals alike, this book explores 10 easy-to-understand core principles (axioms) that drive the practice of corporate finance. Eliminating non-essential material and keeping mathematics to a minimum, it features an intuitive approach that helps readers develop a solid understanding of the logic that drives finance—rather than concentrating on easily forgotten formulas and calculations which may not neatly fit all the situations encountered in the real world. Features in-the-trenches interviews with business professionals, a refresher on Understanding Financial Statements and Cash Flows, and frequent Financial Management in Practice boxes. The Financial Markets and Interest Rates. Understanding Financial Statements and Cash Flows. Evaluating a Firm's Financial Performance. The Time Value of Money. The Meaning and Measurement of Risk and Return. Valuation and Characteristics of Bonds. Valuation and Characteristics of Stock. Capital-Budgeting Techniques and Practice. Cash Flows and Other Topics in Capital Budgeting. Cost of Capital. Determining the Financing Mix. Dividend Policy and Internal Financing. Financial Forecasting, Planning, and Budgeting. Introduction to Working-Capital Management. Liquid Asset Management. International Business Finance. For anyone involved in Corporate Finance and Financial Management.

Genres: Finance, Economics, Textbooks, Business, Management

552 pages, Hardcover

First published December 1, 1993

About the author

Dr. Keown is an Alumni Distinguished Professor and the R. B. Pamplin Professor of Finance, currently teaching Introduction to Finance to undergraduate students. In 201, he was named to be one of 10 Alumni Distinguished Professors on campus and was the first and only Alumni Distinguished Professor in the Pamplin College of Business. He is a member of the Academy of Teaching Excellence. He has won several excellence awards at Virginia Tech including the Certificate of Teaching Excellence (5 times), W.E. Wine Award for Teaching Excellence and the Alumni Teaching Excellence Award. He received the first Pylon Away for Honor from the Student Government Association and has been honored by the State of Virginia by receiving the Outstanding Faculty Award for Excellence in Research, Teaching and Service.

Reviews

[Jess · Rating 3 out of 5]

This book is ridiculous on not being able to see the end of chapter review solutions. After also paying for an account on myfinancelab I was still unable to view the solutions. I then had to ask my instructor which took till the next day. Paying for both a text book and an online account should provide more benefits like the solutions at the end of every chapter review.

[Alma Petterson · Rating 5 out of 5]

I finished it and I am almost done with this class one more week.

[Younis · Rating 4 out of 5]

Good

[Olivia Guilford · Rating 2 out of 5]

Long, dense, could use more pictures.

[Irzam Hardiansyah · Rating 3 out of 5]

As always... this is one of the book I translated. Packed with nice info 'bout finance, securities, and the likes, though.

[Donna · Rating 4 out of 5]

Fun class!