Foundations of Finance

by Arthur J. Keown, J. William Petty II, David F. Scott Jr.

This introduction to finance provides a conceptual understanding of the financial decision-making process — rather than just an introduction to the tools and techniques of finance — and focuses on the interrelationships among the topics covered. It explores the “big picture” and actual practice — i.e., financial decision making rooted in current financial theory and in the current state of world economic conditions. Chapter topics include financial markets and interest rates; understanding financial statements and cash flows; evaluating a firm's financial performance; financial forecasting, planning, and budgeting; the time value of money; valuation and characteristics of bonds and stocks; the meaning and measurement of risk and return; the cost of capital; dividend policy and internal financing; working-capital management; liquid asset management; and international business finance. For financial managers and others involved in corporate financial decisions — and for individuals interested in an education in finance, and the logic that drives it.

Genres: Finance, Economics, Textbooks, Business, Management

585 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!