Nelson Higher Education

Higher Education

Intermediate Financial Management, 11th Edition

  • includes Thomson ONE - Business School Edition Finance 1-Year 2-Semester Printed Access Card
  • Eugene F. Brigham
  • Phillip R. Daves
  • ISBN-10: 1111530262
  • ISBN-13: 9781111530266
  • 1168 Pages | Hardcover
  • Previous Editions: 2010, 2007, 2004
  • COPYRIGHT: 2013 Published
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Overview

About the Product

Trust Brigham/Daves' INTERMEDIATE FINANCIAL MANAGEMENT 11E, the only textbook written specifically for Intermediate or Advanced Corporate Finance courses to provide your students with a full understanding of both conceptual theories and practical financial skills. This comprehensive text from renowned author team Gene Brigham and Phillip Daves reinforces coverage from earlier corporate finance courses for a clear presentation, while providing new, progressive material to challenge even the most advanced learners. The authors use corporate valuation as a unifying theme to emphasize the theoretic groundwork for value maximization and the practical skills to analyze business decisions. You will find in-depth coverage of core issues and the most current coverage of topics that are reshaping finance today.

Features

  • UNIQUE BALANCE OF THEORY AND PRACTICE DIFFERENTIATES BOOK'S APPROACH. Brigham and Daves clearly introduce both core financial theories in-depth as well as emerging financial management issues using a practically focused, clear presentation that is of hallmark strength. This edition provides the background material necessary for student success without sacrificing the rigor you need to equip advanced students.

  • RELIABLE PRESENTATION PROVIDES TRUSTED ACCURACY. The author team's meticulous attention to detail and time-tested content deliver a complete text and unique package of author-driven supplements that you can trust with confidence in your intermediate or advanced course.

  • PROVEN LEARNING FEATURES HIGHLIGHT PRACTICAL APPLICATIONS. Students see how today's financial theories and trends are applied through this edition's wealth of engaging learning features, including real-world examples, practical problem sets, and integrated Mini-Cases.

  • THOMSON ONE-BUSINESS SCHOOL EDITION ACCESSES SAME TOOL PROFESSIONAL BROKERS AND ANALYSTS USE EVERY DAY. Students can access leading financial data sources -- including Thomson Financial, Worldscope, SEC Disclosure and DataStream -- to complete special Thomson ONE-BSE end-of-chapter text problems. Students gain valuable experience in performing financial research and analysis and also hands-on practice with this leading financial tool, without creating additional work for you.

Reviews

"I like to use the same text in Intermediate and Advanced, but it is not necessary. I guess my reasoning is that I find Brigham and Daves works well in both courses. I use the Web Chapters and Web Extensions very much in the Capstone course, which I find to be a great selling point to using that text for the capstone. I am also very happy in using the text for Intermediate, so it is a winner for me."
— Steve Beach, Radford University

About the Author

Eugene F. Brigham

Dr. Eugene F. Brigham is a graduate research professor emeritus at the University of Florida, where he has taught since 1971. He received his M.B.A. and Ph.D. from the University of California-Berkeley and his undergraduate degree from the University of North Carolina. Prior to joining the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin and the University of California-Los Angeles. A former president of the Financial Management Association, he has written many journal articles on the cost of capital, capital structure and other aspects of financial management. He has authored or co-authored 10 textbooks on managerial finance and managerial economics that are used at more than 1,000 universities in the United States and have been translated into 11 languages worldwide. In addition to his academic writing, Dr. Brigham continues to teach, consult and complete research. He has served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy and the RAND Corp. He has also testified as an expert witness in numerous electric, gas and telephone rate cases at both federal and state levels. Dr. Brigham spends his spare time on the golf course, enjoying time with his family and dogs and tackling outdoor adventures such as biking through Alaska.

Phillip R. Daves

Dr. Phillip R. Daves is Associate Professor of Finance at the University of Tennessee in Knoxville. His research interests encompass health care finance, asset pricing, derivative securities, and dividend policy. He has published papers in THE JOURNAL OF FINANCE, THE INTERNATIONAL JOURNAL OF FINANCE, APPLIED FINANCIAL ECONOMICS, JOURNAL OF FINANCIAL PRACTICE AND EDUCATION, and THE JOURNAL OF FINANCIAL AND STRATEGIC DECISIONS. Dr. Daves' special interests in teaching include health care finance, investments, financial management, and asset pricing--which he teaches at the undergraduate, M.B.A., and Ph.D. levels. Consulting for a range of large and small companies as well as the state of Tennessee, he focuses on business valuation, compensation, value based management, and health care policy. He received his B.A. in economics from Davidson College, his M.S. in mathematics, and his Ph.D. in finance from the University of North Carolina at Chapel Hill.

Table of Contents

PART I: FUNDAMENTAL CONCEPTS.
1. An Overview of Financial Management.
2. Risk and Return: Part I.
3. Risk and Return: Part II.
4. Bond Valuation.
5. Basic Stock Valuation.
6. Financial Options.
7. Accounting for Financial Management.
8. Analysis of Financial Statements.
PART II: CORPORATE VALUATION.
9. Financial Planning and Forecasting Financial Statements.
10. Determining the Cost of Capital.
11. Corporate Value and Value-Based Management.
PART III: PROJECT VALUATION.
12. Capital Budgeting: Decision Criteria.
13. Capital Budgeting: Estimating Cash Flows and Analyzing Risk.
14. Real Options.
PART IV: STRATEGIC FINANCING DECISIONS.
15. Capital Structure Decisions: Part I.
16. Capital Structure Decisions: Part II.
17. Distributions to Shareholders: Dividends and Repurchases.
PART V: TACTICAL FINANCING DECISIONS.
18. Initial Public Offerings, Investment Banking, and Financial Restructuring.
19. Lease Financing.
20. Hybrid Financing: Preferred Stock, Warrants, and Convertibles.
PART VI: WORKING CAPITAL MANAGEMENT.
21. Working Capital Management.
22. Providing and Obtaining Credit.
23. Other Topics in Working Capital Management.
PART VII: SPECIAL TOPICS.
24. Derivatives and Risk Management.
25. Bankruptcy, Reorganization, and Liquidation.
26. Mergers, LBOs, Divestitures, and Holding Companies.
27. Multinational Financial Management.
WEB CHAPTERS.
28. Time Value of Money.
29. Basic Financial Tools: A Review.
30. Pension Plan Management.
31. Financial Management in Not-for-Profit Businesses.

New to this edition

  • RESTRUCTURED CAPITAL BUDGETING CHAPTERS CLARIFY CONCEPTS. The authors have significantly reorganized Chapters 12 and 13 on Capital Budgeting chapters to ensure reader comprehension of this important topic.
  • UPDATED COVERAGE THROUGHOUT THE TEXT, CASES, MODELS AND SPREADSHEETS REFLECTS THE LATEST FINANCIAL INFORMATION. This edition integrates the very latest financial data and material to ensure your students are equipped to succeed in tomorrow's financial world. You'll find important updates throughout Beginning-of-Chapter Models, Chapter Build-A-Models, Mini-Case Models, and Excel® Tool Kit Spreadsheets.
  • FRESH INTERIOR DESIGN INCREASES READABILITY. This edition provides a new, focused layout to improve readability. Quick reference callouts draw student attention to key chapter resources.

Supplements

All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Intermediate Financial Management (Book Only)  (ISBN-10: 1111530254 | ISBN-13: 9781111530259)

Trust Brigham/Daves' INTERMEDIATE FINANCIAL MANAGEMENT 11E, the only textbook written specifically for Intermediate or Advanced Corporate Finance courses to provide your students with a full understanding of both conceptual theories and practical financial skills. This comprehensive text from renowned author team Gene Brigham and Phillip Daves reinforces coverage from earlier corporate finance courses for a clear presentation, while providing new, progressive material to challenge even the most advanced learners. The authors use corporate valuation as a unifying theme to emphasize the theoretic groundwork for value maximization and the practical skills to analyze business decisions. You will find in-depth coverage of core issues and the most current coverage of topics that are reshaping finance today. The book's reader-friendly approach incorporates actual business examples and integrated cases as well as Excel® spreadsheet models to demonstrate how financial theory in practice leads to solid financial decisions. A comprehensive support package reduces your preparation time and offers your students practice using Thomson ONE-Business School Edition, the same financial online database Wall Street professionals trust every day. New Aplia for Finance, the leading online homework management system, and CengageNOW course management software are both optional solutions and help further ensure your students remain "First in Finance" throughout your intermediate or advanced corporate finance course.

CengageNOW Instant Access  (ISBN-10: 1133529097 | ISBN-13: 9781133529095)

This robust, online course management system gives you more control in less time and delivers better student outcomes -- NOW. CengageNOW includes teaching and learning resources organized around lecturing, creating assignments, grading, quizzing, and tracking student progress and performance. Flexible assignments, automatic grading and a gradebook option provide more control while saving you valuable time. A Personalized Study diagnostic tool empowers students to master concepts, prepare for exams, and become more involved in class.

Study Guide  (ISBN-10: 1111530270 | ISBN-13: 9781111530273)

Written by the text authors to ensure consistency with the printed book and fully updated for the 11E, this invaluable tool gives your students the support they need to fully understand course concepts. The Study Guide thoroughly outlines each chapter section and contains definitional and conceptual Self-Test Questions as well as Self-Test Problems with fully worked-out solutions.

Instructor's Manual  (ISBN-10: 1111530289 | ISBN-13: 9781111530280)

Find the time-saving tools you need for class preparation with this invaluable Instructor's Manual, which is written by the authors to ensure continuity and unmatched insights to help you most effectively teach this course. The IM provides guidance on using each of the instructor resources and auxiliary spreadsheets and gives answers for Beginning- and End-Of-Chapter Questions, Solutions to End-of-Chapter Problems, Solution to the Spreadsheet Problem, and solutions to Mini-Cases. The Instructor Manual is also available in Microsoft® Word format on the IRCD or text companion site.

Test Bank  (ISBN-10: 1111530297 | ISBN-13: 9781111530297)

Check your students' understanding of key concepts easily and efficiently with this highly effective Test Bank, written by the text authors. Updated to reflect the 11E, the Test Bank provides hundreds of class-tested questions and problems. Each question is identified by topic and level of difficult. The authors provide correct answers as well as complete solutions for all numerical problems. The Test Bank is also available in Microsoft® Word format on the IRCD or text companion site.

ExamView®  (ISBN-10: 1111530319 | ISBN-13: 9781111530310)

Easily check your students' understanding of concepts and applications with this easy-to-use test creation software. ExamView® makes test preparation, scoring, and grading easy with all of the proven questions in the printed Test Bank. Compatible with Microsoft® Windows®, this software lets you add or edit questions, instructions, and answers. You can select questions by previewing them on screen, randomly, or by number. You can also create and administer quizzes online for the Internet, a local area network (LAN), or a wide area network (WAN). ExamView® is available on CD only.

Instructor's Resource CD-ROM  (ISBN-10: 1111530386 | ISBN-13: 9781111530389)

Save time with these instructors' resources that include electronic versions of the Instructor's Manual, Test Bank in Word, and Study Guide. Created by the authors and updated for the 11E, colorful PowerPoint® slides cover essential topics for each chapter. Graphs, tables, and lists are developed sequentially for your convenience. Easily modify slides for your needs. All slides are also available on the website. All Excel® Build A Model spreadsheets and solutions, Beginning-of-Chapter Models, Mini-Case Models, and Tool Kits are also available on the IRCD or companion website.

Test Bank  (ISBN-10: 113356187X | ISBN-13: 9781133561873)

Student Supplements

Intermediate Financial Management (Book Only)  (ISBN-10: 1111530254 | ISBN-13: 9781111530259)

Now you can trust the ONLY book specifically written to guide you through your Intermediate or advanced corporate finance course: Brigham/Daves' INTERMEDIATE FINANCIAL MANAGEMENT 11E. This comprehensive, student-friendly text from trusted finance authors Gene Brigham and Phillip Daves provides a unique balance of theory and practical applications for the complete understanding you need. You will find in-depth coverage of core issues and current coverage of the topics that are reshaping finance today. Real business examples, Integrated Mini-Cases, and end-of-chapter problems work together to offer a solid understanding of how financial theory in practice leads to stronger financial decisions. Corporate valuation is the unifying theme that emphasizes both theoretic groundwork for value maximization and the practical skills to analyze business decisions. Excel® Spreadsheet Models ensure that you can maximize today's technology, while Thomson ONE-Business School Edition gives you access to the same financial online database used by professionals every day. Two optional solutions are New Aplia for Finance which offers the help of today's leading online homework management system, and the CengageNOW learning system which provides personalized learning path software and support to help keep you "First in Finance." Trust INTERMEDIATE FINANCIAL MANAGEMENT 11E to help you gain a better understanding of the financial problems facing business today and the best methods for solving those problems.

CengageNOW Instant Access  (ISBN-10: 1133529097 | ISBN-13: 9781133529095)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want NOW. A Personalized Study diagnostic tool assists you in accessing areas where you need to focus study. Built-in technology tools help you master concepts as well as prepare for exams and daily class.

LMS Integrated for Aplia, 1 term Instant Access  (ISBN-10: 1285323947 | ISBN-13: 9781285323947)

Succeed in your course with 1 semester of access to Aplia's interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for INTERMEDIATE FINANCIAL MANAGEMENT, 11th Edition, including step-by-step explanations that help you improve your reasoning and skills, interactive assignments that help you understand difficult or counterintuitive concepts, and more. Aplia has already helped more than a million students succeed in college classes.

Study Guide  (ISBN-10: 1111530270 | ISBN-13: 9781111530273)

Earn the grade you want in your course with the help of this invaluable tool written by the text authors to ensure it is fully consistent with the main text. This Study Guide thoroughly outlines each chapter section and contains definitional and conceptual Self-Test Questions as well as Self-Test Problems with fully worked-out solutions.

MindLink for CengageNOW 1-Semester Instant Access  (ISBN-10: 1285321618 | ISBN-13: 9781285321615)

Succeed in your management course with 1-semester access to CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade