《现代财务管理》以国际的视野阐述和分析了公司财务管理中所涉及的重大理论与实务问题。作为一本在西方商学教育中具有广泛影响的教材，历经多年修订后。全书内容结构、理论体系日臻完善，可以满足商学本科、MBA之所需。

全书由六部分组成。第一部分主要介绍了公司财务的一些基本知识。第二部分主要介绍了估值理论与方法，重点阐述了时间价值、风险与收益的关系、固定收益证券与股票等的估值应用等。第三部分则详细介绍了资本投资决策所涉及的理论与实务问题析。第四部分主要涉及资本成本、资本结构与股利政策理论与实务。第五部分主要关注营运资本管理。第六部分主要针对现代财务管理中的公司重组问题进行了分析和讨论。本书由麦克圭根等著。

Preface I

Acknowlegements XXI

Part I: Introduction

Chapter 1 The Role and Objective of Financial Management 2

Chapter 2 The Domestic and International Financial Marketplace 24

Chapter 3 Evaluation of Financial Performance 42

Chapter 4 Financial Planning and Forecasting 77

Part 2: Determinants of Valuation 97

Chapter 5 The Time Value of Money 98

 Appendix 5A: Continuous Compounding and Discounting 128

Chapter 6 Analysis of Risk and Return 130

Chapter 7 Fixed-Income Securities: Characteristics and Valuation 168

Chapter 8 Common Stock: Characteristics, Valuation, and Issuance 191

Part 3:The Capital Investment Decision 209

Chapter 9 Capital Budgeting and Cash Flow Analysis 210

Chapter 10 Capital Budgeting: Decision Criteria 232

Chapter 11 Capital Budgeting and Risk 256

Part 4:The Cost of Capital, Capital Structure, and Dividend Policy 277

Chapter 12 The Cost of Capital 278

Chapter 13 Capital Structure Concepts 308

Chapter 14 Dividend Policy 334

Part 5:Working Capital Management 361

Chapter 15 Working Capital Policy and Short-Term Financing 362

Chapter 16 The Management of Cash and Marketable Securities 397

Chapter 17 Management of Accounts Receivable and Inventories 410

Part 6:Additional Topic in Contemporary Financial Management 437

Chapter 18 Corporate Restructuring 438

Reference Materials

 Tables T-1

 Glossary G-1

 Solutions to Self-Test Problems S-1

 Check Answers to Selected Problems C-1

 Key Notation Used in the Text K-1