Financial Management for Decision Making
By Harold Bierman, Jr. and Seymour Smidt
2003/11 - Beard Books
1587982129 - Paperback - Reprint - 826 pp.
This book will be of great use and interest for students of financial management, for managers themselves, as well as for all who may be interested in the uses and limits of financial analysis.
This book, first published in 1986, provides a comprehensive introduction to corporate finance. By means of numerous examples, it stresses the theoretical formulations that are most useful in making managerial financial decisions. Focusing on the two important concepts of the time value of money and the use of diversification to reduce risk, it presents a comprehensive survey of capital budgeting techniques followed by a discussion of the cost of capital and long-term financing decisions. There is also an exposition of topics related to short-term financial management.
Bierman (business administration, Cornell University) and Smidt (economics and finance, Cornell University) build on the basic capital budgeting framework in this introduction to corporate finance for a first or intermediate course in financial management. The theoretical formulations that are most useful in making managerial financial decisions are stressed, and the concepts of time value of money and the use of diversification to reduce risk are fully explained. A survey of capital budgeting techniques is presented, followed by a discussion of the cost of capital and long-term financing decisions. Worked examples and chapter problems are included. Annotation ©2004 Book News, Inc., Portland, OR
Harold Bierman, Jr. has been the Nicholas H. Noyes Professor of Business Administration at Cornell University’s Johnson Graduate School of Management since 1961. He has consulted for many public organizations and industrial firms and is the author of more than one hundred fifty books and articles in the fields of accounting, finance, investment, taxation, and quantitative analysis. In 1985 he was named the winner of the prestigious Dow Jones Award of the American Assembly of Collegiate Schools of Business, for his outstanding contributions to collegiate management education. He received a B.S. degree from the United States Naval Academy, and MBA and Ph.D. degrees from the University of Michigan.
Seymour Smidt has been the Nicholas H. Noyes Professor of Economics and Finance at Cornell University’s Johnson Graduate School of Management since 1978. He is also currently the Director of the Leadership Skills Program. He has co-authored a number of books on capital budgeting, corporate finance, and statistical decision theory. He has authored numerous journal articles or articles incorporated into other publications. Among other notable accomplishments, he was the Associate Director of the Securities and Exchange Commission’s Institutional Investor Study, and founding Dean of the Graduate School of Business, Koc University Istanbul, Turkey. He received A.B., M.A., and Ph.D. degrees from the University of Chicago.