Taking a user-friendly approach, McLaney's Business Finance explores the
type of investments a business should make and how they should be financed.
The text successfully blends the theoretical, analytical and practical aspects
of finance and investments. The new edition has a real world flavour, exploring the
theories surrounding financial decision making and relating these theories to what happens
in the real business world.
Eddie McLaney is Visiting Fellow in Accounting and Finance at the University of
Plymouth.
Table of Contents
Part 1 The business finance environment
1- Introduction
2- A framework for financial decision making
3- Financial (accounting) statements and their interpretation
Part 2 Investment decisions
4- Investment appraisal methods
5- Practical aspects of investment appraisal
6- Risk in investment appraisal
7- Portfolio theory and its relevance to real investment decisions
Part 3 Financing decisions
8- Sources of long-term finance
9- The secondary capital market (the stock exchange) and its efficiency
10- Cost of capital estimations and the discount rate
11- Gearing, the cost of capital and shareholders’ wealth
12-The dividend decision
Part 4 Integrated decisions
13-Management of working capital
14-Corporate restructuring (including takeovers and divestments)
15-International aspects of business finance
16-Small businesses
536 pages, Paperback