Financial Management: Theory and Practice

This new edition of this well accepted text-cum-reference book on financial management presents the central theme and concerns of corporate finance and strategic financial management. Integrating the latest changes in the Indian financial system, the book captures a well rounded description of tax and regulatory framework, various issues in financial management and a discussion of financial management practices with adequate treatment of analytical tools.

Book Features:

• A new chapter on 'Behavioural Finance’
• Updated and expanded regulatory framework and financial management practices
• New sections and appendices

Table of Contents:

Part I: Introduction

• Financial Management: An Overview
• The Financial System

Part II: Financial Analysis and Planning

• Financial Statements, Taxes and Cash Flow
• Analysis of Financial Statements
• Financial Planning and Forecasting

Part III: Fundamental Valuation Concepts

• The Time Value of Money
• Valuation of Bonds and Stocks
• Risk and Return
• Risk and Return: Portfolio Theory and Asset Pricing Models
• 10. Options and Their Valuation

Part IV: Capital Budgeting

• Techniques of Capital Budgeting
• Estimation of Project Cash Flows
• Risk Analysis in Capital Budgeting
• The Cost of Capital
• Capital Budgeting: Extensions

Part V: Long Term Financing

• Market Efficiency and Financing Decisions
• Sources of Long Term Finance
• Raising Long Term Finance

Part VI: Capital Structure and Dividend Decisions

• Capital Structure and Firm Value
• Capital Structure Decision
• Dividend Policy and Firm Value
• Dividend Decision

Part VII: Working Capital Management

• Working Capital Policy
• Cash and Liquidity Management
• Credit Management
• Inventory Management
• Working Capital Financing
• Working Capital Management: Extensions

Part VIII: Debt and Hybrid Financing

• Debt Analysis and Management
• Leasing, Hire-Purchase and Project Finance
• Hybrid Financing

Part IX: Corporate Valuation, Restructuring and 753Value Creation

• Corporate Valuation
• Value Based Management
• Mergers, Acquisitions and Restructuring
• Corporate Governance and Executive Compensation
• Performance Measurement and Balanced Scorecard

Part X: Special Topics

• International Financial Management
• Financial Management in Sick Units
• Financial Management in Companies with Special Characteristics
• Corporate Risk Management
• Behavioural Finance
• The State of Our Knowledge