Financial Management and Policy

Highly respected for its effective integration of financial theory and practice, this classic text explores the rapidly evolving and exciting theory of finance as it relates to a corporation's investment in assets, financing, and dividends. It explains the ways in which analytical techniques are brought to bear on financial decision making and supplies the institutional material necessary for a solid understanding of the environment in which financial decisions are made. Salient features three new chapters-;'financial environment in india', 'emerging methods of financing', and 'corporate governance and sustainability' several new case studies from companies like indian oil corporation ltd, hindustan unilever limited, hero honda motors, apollo tyres and reliance power extensive coverage of relevant topics such as efficient markets, share repurchase, empirical evidence, annuity, electronic funds transfers and loan pricing. Expanded coverage of topics like time value of money, methods of capital budgeting, leverage-financial and operating, inventory management and receivables management