Introduction to finance: markets, investments, and financial management
Gespeichert in:
| Beteiligte Personen: | , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Hoboken
Wiley
2008
|
| Ausgabe: | 13. ed. |
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020084470&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Beschreibung: | 12. Aufl. u.d.T.: Finance |
| Umfang: | XXIV, 568 S. graph. Darst. |
| ISBN: | 9780470128923 0470128925 |
Internformat
MARC
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| 245 | 1 | 0 | |a Introduction to finance |b markets, investments, and financial management |c Ronald W. Melicher ; Edgar A. Norton |
| 250 | |a 13. ed. | ||
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| 500 | |a 12. Aufl. u.d.T.: Finance | ||
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Datensatz im Suchindex
| _version_ | 1819282658773958656 |
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| adam_text | INTRODUCTION TO FINANCE MARKETS, INVESTMENTS, AND FINANCIAL MANAGEMENT O
PART I FINANCIAL MARKETS 2 CHAPTER I THE FINANCIAL ENVIRONMENT 4 WHAT IS
FINANCE? 5 SIX PRINCIPLES OF FINANCE 6 TIME VALUE OF MONEY 7 RISK VERSUS
RETURN 7 DIVERSIFICATION OF RISK 7 FINANCIAL MARKETS ARE EFFICIENT 8
MANAGEMENT VERSUS OWNER OBJECTIVES 8 REPUTATION MATTERS 8 WHY STUDY
FINANCE? 9 CAREERS IN FINANCE 10 OVERVIEW OF THE FINANCIAL SYSTEM 12
CHARACTERISTICS AND COMPONENTS 12 FINANCIAL SYSTEM COMPONENTS AND
FINANCIAL FUNCTIONS 13 THE IMPORTANCE AND FUNCTIONS OF MONEY 15 THE
DEVELOPMENT OF MONEY IN THE UNITED STATES 16 PHYSICAL MONEY (COIN AND
PAPER CURRENCY) 16 U.S. MONEY SUPPLY TODAY 19 ML MONEY SUPPLY 19 M2
MONEY SUPPLY 20 M3 MONEY SUPPLY 21 EXCLUSIONS FROM THE MONEY SUPPLY 21
POLICY IMPLICATIONS: MONEY SUPPLY AND ECONOMIC ACTIVITY 22 THE
INTERNATIONAL MONETARY SYSTEM 23 THE PLAN OF STUDY 24 SUMMARY 27 KEY
TERMS 27 DISCUSSION QUESTIONS 27 EXERCISES 28 PROBLEMS 28 CHAPTER 2
BANKS AND OTHER FINANCIAL INTERMEDIARIES 31 TYPES AND ROLES OF FINANCIAL
INTERMEDIARIES 32 DEPOSITORY INSTITUTIONS 33 CONTRACTUAL SAVINGS
ORGANIZATIONS 34 SECURITIES FIRMS 35 FINANCE FIRMS 35 OVERVIEW OF THE
BANKING SYSTEM 35 COMMERCIAL, INVESTMENT, AND UNIVERSAL BANKING 36
FUNCTIONS OF BANKS AND THE BANKING SYSTEM 36 EARLY DEVELOPMENT OF THE
U.S. BANKING SYSTEM 37 REGULATION OF THE BANKING SYSTEM 38 GENERAL
BANKING LEGISLATION 38 THE SAVINGS AND LOAN CRISIS 40 PROTECTION OF
DEPOSITORS FUNDS 41 STRUCTURE OF BANKS 41 BANK CHARTERS 41 DEGREE OF
BRANCH BANKING 42 BANK HOLDING COMPANIES 43 XVIII CONTENTS INTERNATIONAL
BANKING AND FOREIGN SYSTEMS 43 THE FEDERAL RESERVE SYSTEM 44 MEMBER
BANKS 45 FEDERAL RESERVE DISTRICT BANKS 46 BOARD OF GOVERNORS 46 FEDERAL
OPEN MARKET COMMITTEE 47 ADVISORY COMMITTEES 47 MONETARY POLICY
FUNCTIONS AND INSTRUMENTS 47 RESERVE REQUIREMENTS 48 DISCOUNT RATE
POLICY 48 OPEN-MARKET OPERATIONS 49 FRACTIONAL RESERVE SYSTEM 49 THE
MONETARY BASE AND THE MONEY MULTIPLIER 51 CENTRAL BANKS IN OTHER
COUNTRIES 53 SUMMARY 55 KEY TERMS 55 DISCUSSION QUESTIONS 56 EXERCISES
56 PROBLEMS 57 CHAPTER 3 SAVINGS-INVESTMENT PROCESS AND FINANCIAL ASSETS
59 NATIONAL ECONOMIC POLICY OBJECTIVES 60 ECONOMIC GROWTH 60 HIGH
EMPLOYMENT 61 PRICE STABILITY 61 BALANCE IN INTERNATIONAL TRANSACTIONS
61 GROSS DOMESTIC PRODUCT AND CAPITAL FORMATION 62 FOUR POLICY MAKER
GROUPS 63 ETHICAL BEHAVIOR IN GOVERNMENT 64 POLICY MAKERS IN THE
EUROPEAN ECONOMIC UNION 65 GOVERNMENT INFLUENCE ON THE ECONOMY 65
TRANSFERRING SAVINGS INTO INVESTMENTS 66 HISTORICAL ROLE AND CREATION OF
SAVINGS 67 FOREIGN SOURCES OF SAVINGS 67 DOMESTIC SUPPLY OF SAVINGS 68
CREATION OF SAVINGS 68 MAJOR SOURCES OF SAVINGS 68 PERSONAL SAVINGS 69
CORPORATE SAVINGS 70 FACTORS AFFECTING SAVINGS 71 LEVELS OF INCOME 71
ECONOMIC EXPECTATIONS 71 ECONOMIC CYCLES 72 LIFE STAGES OF THE
INDIVIDUAL SAVER 72 LIFE STAGES OF THE CORPORATION 73 TYPES OF ASSETS 73
TYPES OF FINANCIAL INSTRUMENTS OR SECURITIES 74 TYPES OF FINANCIAL
MARKETS 77 SUMMARY 78 KEY TERMS 79 DISCUSSION QUESTIONS 79 EXERCISES 79
PROBLEMS 80 CHAPTER 4 INTEREST RATES 81 SUPPLY AND DEMAND FOR LOANABLE
FUNDS 82 HISTORICAL CHANGES IN U.S. INTEREST RATE LEVELS 83 LOANABLE
FUNDS THEORY 84 DETERMINANTS OF MARKET INTEREST RATES 87 RISK-FREE
SECURITIES: U.S. TREASURY DEBT OBLIGATIONS 87 MARKETABLE OBLIGATIONS 88
DEALER SYSTEM 90 TAX STATUS OF FEDERAL OBLIGATIONS 90 OWNERSHIP OF
PUBLIC DEBT SECURITIES 90 MATURITY DISTRIBUTION OF MARKETABLE DEBT
SECURITIES 91 TERM OR MATURITY STRUCTURE OF INTEREST RATES 92
RELATIONSHIP BETWEEN YIELD CURVES AND THE ECONOMY 93 TERM STRUCTURE
THEORIES 93 INFLATION PREMIUMS AND PRICE MOVEMENTS 95 HISTORICAL
INTERNATIONAL PRICE MOVEMENTS 95 INFLATION IN THE UNITED STATES 96 TYPES
OF INFLATION 98 CONTENTS XIX DEFAULT RISK PREMIUMS 100 SUMMARY 103 KEY
TERMS 103 DISCUSSION QUESTIONS 103 EXERCISES 104 PROBLEMS 104 CHAPTER 5
TIME VALUE OF MONEY 107 BASIC CONCEPTS 108 COMPOUNDING TO DETERMINE
FUTURE VALUES 109 INFLATION OR PURCHASING POWER IMPLICATIONS 113
DISCOUNTING TO DETERMINE PRESENT VALUES 113 EQUATING PRESENT VALUES AND
FUTURE VALUES 117 FINDING INTEREST RATES AND TIME REQUIREMENTS 117
SOLVING FOR INTEREST RATES 117 SOLVING FOR TIME PERIODS I 18 RULE OF 72
119 FUTURE VALUE OF AN ANNUITY I 19 PRESENT VALUE OF AN ANNUITY 121
INTEREST RATES AND TIME REQUIREMENTS FOR ANNUITIES 124 SOLVING FOR
INTEREST RATES 124 SOLVING FOR TIME PERIODS 125 SO YOU WANT TO BE A
MILLIONAIRE? 125 DETERMINING ANNUAL ANNUITY PAYMENTS 126 MORE FREQUENT
COMPOUNDING OR DISCOUNTING INTERVALS 127 COST OF CONSUMER CREDIT 129
UNETHICAL LENDERS 129 APR VERSUS EAR 129 SUMMARY 131 KEY TERMS 132
DISCUSSION QUESTIONS 132 EXERCISES 132 PROBLEMS 132 LEARNING EXTENSION 5
ANNUITY DUE PROBLEMS 134 FUTURE VALUE OF AN ANNUITY DUE 134 PRESENT
VALUE OF AN ANNUITY DUE 135 INTEREST RATES AND TIME REQUIREMENTS FOR
ANNUITY DUE PROBLEMS 136 QUESTIONS AND PROBLEMS 13 7 INVESTMENTS 138
CHAPTER 6 RETURN AND RISK 140 RETURNS 141 HISTORICAL RETURN AND RISK FOR
A SINGLE FINANCIAL ASSET 142 ARITHMETIC AVERAGE ANNUAL RATES OF RETURN
143 VARIANCE AS A MEASURE OF RISK 144 STANDARD DEVIATION AS A MEASURE OF
RISK 145 WHERE DOES RISK COME FROM? 148 EXPECTED MEASURES OF RETURN AND
RISK 149 HISTORICAL RETURNS AND RISK OF DIFFERENT ASSETS 152 PORTFOLIO
RETURNS AND RISK 153 EXPECTED RETURN ON A PORTFOLIO 154 VARIANCE AND
STANDARD DEVIATION OF RETURN ON A PORTFOLIO 154 TO DIVERSIFY OR NOT TO
DIVERSIFY? 154 PORTFOLIO RISK AND THE NUMBER OF INVESTMENTS IN THE
PORTFOLIO 156 SYSTEMATIC AND UNSYSTEMATIC RISK 157 SUMMARY 160 KEY TERMS
160 DISCUSSION QUESTIONS 160 PROBLEMS 161 LEARNING EXTENSION 6
ARITHMETIC AVERAGE RETURN AND GEOMETRIC (COMPOUNDED) AVERAGE RETURN 164
TWO MEASURES: WHICH TO USE? 166 QUESTIONS AND PROBLEMS 167 CHAPTER 7
BONDS: CHARACTERISTICS AND VALUATION 169 LONG-TERM EXTERNAL FINANCING
SOURCES FOR BUSINESSES 170 DEBT CAPITAL 172 WHO BUYS BONDS? 173 BOND
COVENANTS 174 XX CONTENTS O BOND RATINGS 174 BONDHOLDER SECURITY 176
TIME TO MATURITY 177 INCOME FROM BONDS 178 GLOBAL BOND MARKET 179
READING BOND QUOTES 180 VALUATION PRINCIPLES 182 VALUATION OF BONDS 184
DETERMINING A BOND S PRESENT VALUE 184 CALCULATING THE YIELD TO MATURITY
187 RISK IN BOND VALUATION 188 SUMMARY 192 KEY TERMS 192 DISCUSSION
QUESTIONS 193 PROBLEMS 193 CHAPTER 8 STOCKS: CHARACTERISTICS AND
VALUATION 197 ADVANTAGES TO INVESTORS FROM INVESTING IN COMMON STOCKS
198 INFLATION HEDGE 198 OPPORTUNITY FOR GROWTH IN VALUE 199 OPPORTUNITY
FOR GROWTH IN INCOME 200 TAX ADVANTAGES 200 CORPORATE EQUITY CAPITAL 201
COMMON STOCK 202 PREFERRED STOCK 203 READING STOCK QUOTES 204 INNOVATION
IN COMMON STOCKS 206 DIVIDENDS AND STOCK REPURCHASES 206 PROCESS OF
ISSUING CASH DIVIDENDS 206 HOW DO FIRMS DECIDE ON THE DOLLAR AMOUNT OF
DIVIDENDS? 207 STOCK DIVIDENDS AND STOCK SPLITS 209 SHARE REPURCHASES
210 VALUATION OF STOCKS 21 I VALUING STOCKS WITH CONSTANT DIVIDENDS 212
VALUING STOCKS WITH CONSTANT DIVIDEND GROWTH RATES 212 TWO-STAGE GROWTH
MODELS 214 RISK IN STOCK VALUATION 215 VALUATION AND THE FINANCIAL
ENVIRONMENT 217 GLOBAL ECONOMIC INFLUENCES 217 DOMESTIC ECONOMIC
INFLUENCES 217 INDUSTRY AND COMPETITION 218 SUMMARY 218 KEY TERMS 219
DISCUSSION QUESTIONS 21 9 PROBLEMS 219 LEARNING EXTENSION 8 ANNUALBZDNG
RATES OF RETURN 221 HOLDING PERIOD RETURNS 221 ANNUALIZED RATES OF
RETURN 221 PROBLEMS 223 CHAPTER 9 SECURITIES MARKETS 225 , ISSUING
SECURITIES: PRIMARY SECURITIES MARKETS 226 PRIMARY MARKET FUNCTIONS OF
INVESTMENT BANKERS 226 COST OF GOING PUBLIC 231 OTHER FUNCTIONS OF
INVESTMENT BANKING FIRMS 234 INVESTMENT BANKING REGULATION 235 TRADING
SECURITIES: SECONDARY SECURITIES MARKETS 236 ORGANIZED SECURITY
EXCHANGES 236 STRUCTURE OF THE NEW YORK STOCK EXCHANGE 236 WHAT MAKES A
GOOD MARKET? 243 A WORD ON COMMISSIONS 244 SECURITY MARKET INDEXES 245
FOREIGN SECURITIES 246 INSIDE INFORMATION AND OTHER ETHICAL ISSUES 246
CHANGES IN THE STRUCTURE OF THE STOCK MARKET 249 SUMMARY 250 KEY TERMS
251 DISCUSSION QUESTIONS 251 PROBLEMS 252 LEARNING EXTENSION 9
INTRODUCTION TO FUTURES AND OPTIONS 254 WHY DO DERIVATIVES EXIST? 254
FUTURES CONTRACTS 255 OPTIONS 256 OPTION PAYOFF DIAGRAMS 257 SUMMARY 259
KEY TERMS 259 CONTENTS XXI DISCUSSION QUESTIONS 260 PROBLEMS 260
CHAPTER 10 INVESTMENT IMPLICATIONS 261 WHY INVEST? 262 INVESTMENT
DEFINED 262 REASONS FOR INVESTING 263 EFFICIENT CAPITAL MARKETS 264
CAPITAL ASSET PRICING MODEL 267 INDIVIDUAL INVESTOR LIFE CYCLE 270 LIFE
CYCLE INVESTMENT STRATEGIES 270 THE PORTFOLIO MANAGEMENT PROCESS 272
CREATING THE POLICY STATEMENT 273 INVESTMENT STRATEGIES 278 WAYS TO
INVEST FOR THE SMALL INVESTOR 279 MUTUAL FUNDS 279 EXCHANGE-TRADED FUNDS
281 VARIABLE ANNUITY 283 ETHICS AND JOB OPPORTUNITIES IN INVESTMENTS 283
KEY TERMS 284 DISCUSSION QUESTIONS 284 PROBLEMS 285 LEARNING EXTENSION
DO ESTIMATING BETA 286 SECURITY MARKET LINE 288 QUESTIONS AND PROBLEMS
289 THE BALANCE SHEET 303 ASSETS 303 LIABILITIES 304 OWNERS EQUITY 305
STATEMENT OF CASH FLOWS 306 SOURCES 306 USES 306 FINANCIAL STATEMENTS OF
DIFFERENT COMPANIES 307 GOAL OF A FIRM 309 MEASURING SHAREHOLDER WEALTH
310 LINKING STRATEGY AND FINANCIAL PLANS 311 CRITERION FOR NONPUBLIC
FIRMS 311 WHAT ABOUT ETHICS? 312 CORPORATE GOVERNANCE 312
PRINCIPAL-AGENT PROBLEM 312 REDUCING AGENCY PROBLEMS 314 FINANCE IN THE
ORGANIZATION CHART 315 SUMMARY 318 KEY TERMS 318 DISCUSSION QUESTIONS
319 PROBLEMS 319 LEARNING EXTENSION I I FEDERAL INCOME TAXATION
DEPRECIATION BASICS 325 A FEW WORDS ON DEPRECIATION METHODS 325
QUESTIONS AND PROBLEMS 326 323 FINANCIAL MANAGEMENT 290 CHAPTER 11
BUSINESS ORGANIZATION AND FINANCIAL DATA 292 STARTING A BUSINESS 293
STRATEGIC PLAN WITH A VISION OR MISSION 293 BUSINESS AND FINANCIAL GOALS
294 FORMS OF BUSINESS ORGANIZATION IN THE UNITED STATES 294
PROPRIETORSHIP 295 PARTNERSHIP 296 CORPORATION 298 THE ANNUAL REPORT 299
ACCOUNTING PRINCIPLES 300 INCOME STATEMENT 301 CHAPTER 12 FINANCIAL
ANALYSIS AND LONG-TERM PLANNING 327 FINANCIAL STATEMENT ANALYSIS 328
RATIO ANALYSIS OF BALANCE SHEET AND INCOME STATEMENT 328 TYPES OF
FINANCIAL RATIOS 329 LIQUIDITY RATIOS AND ANALYSIS 330 ASSET MANAGEMENT
RATIOS AND ANALYSIS 333 FINANCIAL LEVERAGE RATIOS AND ANALYSIS 335
PROFITABILITY RATIOS AND ANALYSIS 339 MARKET VALUE RATIOS AND ANALYSIS
341 SUMMARY OF RATIO ANALYSIS FOR ALLGREENS 342 DU PONT METHOD OF RATIO
ANALYSIS 343 LONG-TERM FINANCIAL PLANNING 345 PERCENTAGE OF SALES
TECHNIQUE 345 COST-VOLUME-PROFIT ANALYSIS 347 XXII CONTENTS DEGREE OF
OPERATING LEVERAGE 348 SUMMARY 352 KEY TERMS 352 DISCUSSION QUESTIONS
353 PROBLEMS 353 CHAPTER 13 EVALUATING BUSINESS INVESTMENTS 357
MANAGEMENT OF FIXED ASSETS 358 IDENTIFYING POTENTIAL CAPITAL BUDGET
PROJECTS 358 CAPITAL BUDGETING PROCESS 361 CAPITAL BUDGETING TECHNIQUES
362 NET PRESENT VALUE 362 INTERNAL RATE OF RETURN 364 NET PRESENT VALUE
AND INTERNAL RATE OF RETURN 368 MODIFIED INTERNAL RATE OF RETURN 369
PROFITABILITY INDEX 370 PAYBACK PERIOD 371 DIFFERENCE BETWEEN THEORY AND
PRACTICE 372 SAFETY MARGIN 373 SIZE 373 MANAGERIAL FLEXIBILITY AND
OPTIONS 374 RISK-RELATED CONSIDERATIONS 374 SUMMARY 377 KEY TERMS 377
DISCUSSION QUESTIONS 377 PROBLEMS 377 CHAPTER 14 ESTIMATING PROJECT CASH
FLOWS 379 INFORMATION NEEDS 380 ESTIMATING PROJECT CASH FLOWS 381
ISOLATING PROJECT CASH FLOWS 381 APPROACHES TO ESTIMATING PROJECT CASH
FLOWS 383 CASH FLOW FROM OPERATIONS 384 CASH FLOW FROM INVESTMENT
ACTIVITIES 385 CASH FLOW FROM FINANCING ACTIVITIES 385 AN EXAMPLE 385
DEPRECIATION AS A TAX SHIELD 386 PROJECT STAGES AND CASH FLOW ESTIMATION
387 INITIAL OUTLAY 387 CASH FLOWS DURING THE PROJECT S OPERATING LIFE
387 SALVAGE VALUE AND NWC RECOVERY AT PROJECT TERMINATION 388 KEEPING
MANAGERS HONEST 389 APPLICATIONS 390 CASH FLOW ESTIMATION FOR A REVENUE
EXPANDING PROJECT 390 , CASH FLOW ESTIMATION FOR A COST-SAVING PROJECT
392 SETTING A BID PRICE 394 SUMMARY 397 KEY TERMS 397 DISCUSSION
QUESTIONS 398 PROBLEMS 398 LEARNING EXTENSION 14 STRATEGIC ANALYSIS AND
CASH FLOW ESTIMATION 401 DETERMINING THE CORRECT BASE CASE 401
OVERVALUING STRATEGY 401 DEFINE PROJECT BOUNDARIES AT THE CORPORATE
LEVEL 401 REAL OPTIONS 402 CHAPTER 15 CAPITAL STRUCTURE AND THE COST OF
CAPITAL 405 WHY CHOOSE A CAPITAL STRUCTURE? 406 TRENDS IN CORPORATE USE
OF DEBT 407 REQUIRED RATE OF RETURN AND THE COST OF CAPITAL 408 COST OF
CAPITAL 409 COST OF DEBT 410 COST OF PREFERRED STOCK 410 COST OF COMMON
EQUITY 410 COST OF NEW COMMON STOCK 412 WEIGHTED AVERAGE COST OF CAPITAL
412 CAPITAL STRUCTURE WEIGHTS 413 MEASURING THE TARGET WEIGHTS 413 WHAT
DO BUSINESSES USE AS THEIR COST OF CAPITAL? 414 DIFFICULTY OF MAKING
CAPITAL STRUCTURE DECISIONS 415 PLANNING GROWTH RATES 416 INTERNAL
GROWTH RATE 416 SUSTAINABLE GROWTH RATE 417 CONTENTS XXIII EFFECTS OF
UNEXPECTEDLY HIGHER (OR LOWER) GROWTH 417 THE ROLE OF DIVIDENDS AND
RETAINED EARNINGS 418 EBIT/EPS ANALYSIS 420 INDIFFERENCE LEVEL 420
COMBINED OPERATING AND FINANCIAL LEVERAGE EFFECTS 422 UNIT VOLUME
VARIABILITY 423 PRICE-VARIABLE COST MARGIN 423 FIXED COSTS 423 DEGREE OF
FINANCIAL LEVERAGE 424 TOTAL RISK 424 INSIGHTS FROM THEORY AND PRACTICE
426 TAXES AND NONDEBT TAX SHIELDS 426 BANKRUPTCY COSTS 426 AGENCY COSTS
428 A FIRM S ASSETS AND ITS FINANCING POLICY 428 THE PECKING ORDER
HYPOTHESIS 428 MARKET TIMING 429 BEYOND DEBT AND EQUITY 430 GUIDELINES
FOR FINANCING STRATEGY 430 SUMMARY 433 KEY TERMS 433 DISCUSSION
QUESTIONS 433 PROBLEMS 434 CHAPTER 16 MANAGING WORKING CAPITAL 437
OPERATING AND CASH CONVERSION CYCLES 438 OPERATING CYCLE 439 CASH
CONVERSION CYCLE 440 DETERMINING THE LENGTH OF THE OPERATING CYCLE AND
CASH CONVERSION CYCLE 440 WORKING CAPITAL REQUIREMENTS 441 CASH BUDGETS
444 MINIMUM DESIRED CASH BALANCE 445 CASH INFLOWS 445 CASH OUTFLOWS 446
CONSTRUCTING THE CASH BUDGET 447 SEASONAL VERSUS LEVEL PRODUCTION 448
MANAGEMENT OF CURRENT ASSETS 449 CASH AND MARKETABLE SECURITIES
MANAGEMENT 449 GETTING*AND KEEPING*THE CASH 454 ACCOUNTS RECEIVABLE
MANAGEMENT 457 CREDIT ANALYSIS 457 CREDIT-REPORTING AGENCIES 458 CREDIT
TERMS AND COLLECTION EFFORTS 459 INVENTORY MANAGEMENT 460 TECHNOLOGY AND
WORKING CAPITAL MANAGEMENT 461 CASH MANAGEMENT 463 PROCESSING INVOICES
AND FLOAT 463 TRACKING INVENTORY 463 SUMMARY 464 KEY TERMS 464
DISCUSSION QUESTIONS 464 PROBLEMS 465 CHAPTER 17 SHORT-TERM BUSINESS
FINANCING 469 STRATEGIES FOR FINANCING WORKING CAPITAL 470
MATURITY-MATCHING APPROACH 471 AGGRESSIVE APPROACH 473 CONSERVATIVE
APPROACH 473 EXAMPLES OF FINANCING STRATEGY PROBLEMS 473 FACTORS
AFFECTING SHORT-TERM FINANCING 476 OPERATING CHARACTERISTICS 476 OTHER
INFLUENCES IN SHORT-TERM FINANCING 478 PROVIDERS OF SHORT-TERM FINANCING
479 COMMERCIAL BANK LENDING 480 TRADE CREDIT FROM SUPPLIERS 483
COMMERCIAL FINANCE COMPANIES 485 COMMERCIAL PAPER 486 ADDITIONAL
VARIETIES OF SHORT-TERM FINANCING 487 ACCOUNTS RECEIVABLE FINANCING 487
INVENTORY LOANS 490 LOANS SECURED BY STOCKS AND BONDS 493 OTHER FORMS OF
SECURITY FOR BANK LOANS 493 THE COST OF SHORT-TERM FINANCING 493 SUMMARY
494 KEY TERMS 495 DISCUSSION QUESTIONS 495 PROBLEMS 495 XXIV CONTENTS
CHAPTER 18 INTERNATIONAL FINANCE AND TRADE 499 GLOBAL OR INTERNATIONAL
MONETARY SYSTEM 500 DEVELOPMENT OF INTERNATIONAL FINANCE 500 HOW THE
INTERNATIONAL MONETARY SYSTEM EVOLVED 500 EUROPEAN UNIFICATION 502
EUROPEAN UNION 502 EUROPEAN MONETARY UNION 502 THE EURO 502 CURRENCY
EXCHANGE MARKETS AND RATES 503 CURRENCY EXCHANGE MARKETS 503 EXCHANGE
RATE QUOTATIONS 503 FACTORS THAT AFFECT CURRENCY EXCHANGE RATES 504
CURRENCY EXCHANGE RATE APPRECIATION AND DEPRECIATION 507 ARBITRAGE 508
EXCHANGE RATE DEVELOPMENTS FOR THE U.S. DOLLAR 508 CONDUCTING BUSINESS
INTERNATIONALLY 509 MANAGING FOREIGN EXCHANGE RISK 509 ETHICAL
CONSIDERATIONS 510 FINANCING INTERNATIONAL TRADE 510 FINANCING BY THE
EXPORTER 510 FINANCING BY THE IMPORTER 513 BANKER S ACCEPTANCES 515
OTHER AIDS TO INTERNATIONAL TRADE 515 BALANCE IN INTERNATIONAL
TRANSACTIONS GOAL 516 NATURE OF THE PROBLEM 516 BALANCE-OF-PAYMENTS
ACCOUNTS 517 SUMMARY 520 KEY TERMS 520 DISCUSSION QUESTIONS 521
EXERCISES 521 PROBLEMS 522 APPENDIX 525 GLOSSARY 535 INDEX 549
|
| any_adam_object | 1 |
| author | Melicher, Ronald W. Norton, Edgar A. |
| author_facet | Melicher, Ronald W. Norton, Edgar A. |
| author_role | aut aut |
| author_sort | Melicher, Ronald W. |
| author_variant | r w m rw rwm e a n ea ean |
| building | Verbundindex |
| bvnumber | BV025469271 |
| classification_rvk | QK 620 |
| ctrlnum | (OCoLC)254191553 (DE-599)BVBBV025469271 |
| discipline | Wirtschaftswissenschaften |
| edition | 13. ed. |
| format | Book |
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| geographic | USA (DE-588)4078704-7 gnd |
| geographic_facet | USA |
| id | DE-604.BV025469271 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T14:28:45Z |
| institution | BVB |
| isbn | 9780470128923 0470128925 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-020084470 |
| oclc_num | 254191553 |
| open_access_boolean | |
| owner | DE-11 |
| owner_facet | DE-11 |
| physical | XXIV, 568 S. graph. Darst. |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | Wiley |
| record_format | marc |
| spellingShingle | Melicher, Ronald W. Norton, Edgar A. Introduction to finance markets, investments, and financial management Kreditwesen (DE-588)4032950-1 gnd Finanzierung (DE-588)4017182-6 gnd |
| subject_GND | (DE-588)4032950-1 (DE-588)4017182-6 (DE-588)4078704-7 |
| title | Introduction to finance markets, investments, and financial management |
| title_auth | Introduction to finance markets, investments, and financial management |
| title_exact_search | Introduction to finance markets, investments, and financial management |
| title_full | Introduction to finance markets, investments, and financial management Ronald W. Melicher ; Edgar A. Norton |
| title_fullStr | Introduction to finance markets, investments, and financial management Ronald W. Melicher ; Edgar A. Norton |
| title_full_unstemmed | Introduction to finance markets, investments, and financial management Ronald W. Melicher ; Edgar A. Norton |
| title_short | Introduction to finance |
| title_sort | introduction to finance markets investments and financial management |
| title_sub | markets, investments, and financial management |
| topic | Kreditwesen (DE-588)4032950-1 gnd Finanzierung (DE-588)4017182-6 gnd |
| topic_facet | Kreditwesen Finanzierung USA |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020084470&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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