Financial Management: Theory & Practice

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Cengage Learning, Mar 3, 2010 - Business & Economics - 1184 pages
4 Reviews
Give future and current managers a thorough understanding of the financial theory that is essential for developing and implementing effective financial strategies in business today. Brigham/Ehrhardt's leading FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 13E is the only text that presents a striking balance between solid financial theory and practical applications. Your students gain a strong working knowledge of today's financial environment as this edition examines recent financial crises; the global economic crisis; and role of finance in the world, business, and your students' personal lives. This book's relevant and engaging presentation, numerous examples, and emphasis on using Excel spreadsheets prepare students to make sound financial decisions in business. The book progresses from an early presentation of fundamentals to specific techniques and discussions that guide students in maximizing the value of a firm. This text is not only the ideal choice for today's introductory MBA course, but also serves as a complete reference tool for students throughout their academic and business careers. Integrated practice using Thomson ONE-Business School Edition gives students hands-on experience with the same research tool Wall Street professionals use daily. The book's comprehensive support, including best-selling Aplia Finance for homework management and numerous online resources, helps you establish the strong financial foundation and skills students need for long-term business success.
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It would be beneficial for the authors to update the references in their templates to match the current year they are displying, i.e. 2013 and 2014 vs 2009 & 2010.
Students pay a large sum of
money based on student income and tuition fees that the data should be vetted before being released. It's a carbon copy of years past, which leads one to believe nothing has changed and should purchase a discounted book. 

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This book was used for my MBA 570 class at Saint Leo University. The book in my own words just "stinks" to put it politely. Some of the answers in the book aren't even correct. If universities and/or colleges are going to use this book, the author really needs to revise the book and put a "how" to solve certain things within the book. Like show step by step how to solve some of the very complex material, don't just put it in words; many students don't understand "just words," they need examples. Our professor REQUIRED us to put everything and solve every single problem in an Excel spreadsheet and for us Excel dummies we need further explanation than this book provides in order to solve the problems. Not a good book at all. 

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About the author (2010)

Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham 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. Dr. Brigham has served as president of the Financial Management Association and has written many journal articles on the cost of capital, capital structure, and other aspects of financial management. He has authored or co-authored ten 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. He has testified as an expert witness in numerous electric, gas, and telephone rate cases at both federal and state levels. 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 Corporation. Dr. Brigham continues to teach, consult, and complete research in addition to his academic writing. He spends his spare time on the golf course, enjoying time with his family and dogs, and tackling outdoor adventure activities, such as biking through Alaska.

Dr. Michael C. Ehrhardt is a Professor in the Finance Department and is the Paul and Beverly Castagna Professor of Investments. He completed his undergraduate work in Civil Engineering at Swarthmore College. After working several years as an engineer, he earned his M.S. in Operations Research and Ph.D. in Finance from the Georgia Institute of Technology. Dr. Ehrhardt has taught extensively at the undergraduate, masters, and doctoral levels in the areas of investments, corporate finance, and capital markets. He has directed and served on numerous dissertation committees and is a member of the team that developed and delivered the integrative first year of the MBA program. Dr. Ehrhardt teaches in Executive Education Programs and consults in the areas of corporate valuation, value-based compensation plans, financial aspects of supply-chain management, and the cost of capital. He has been awarded the Allen G. Keally Outstanding Teacher Award, the Tennessee Organization of MBA Students Outstanding Faculty member, the College of Business Administration Research & Teaching Award, and the John B. Ross Outstanding Teaching Award in the College of Business. Much of his research focuses on corporate valuation and asset pricing models, including pricing models for interest-rate sensitive instruments. His work has been published in numerous journals, including The Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, The Financial Review, The Journal of Financial Research, and The Journal of Banking and Finance. He has also authored or co-authored several books addressing various areas of finance.

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