Financial Management: Theory & Practice (with Thomson ONE - Business School Edition 1-Year Printed Access Card), 14th Edition.
The only text that can strike a balance between solid financial theory and practical applications, FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 14e by Brigham / Ehrhardt provides an in-depth understanding of the essential concepts needed to develop and implement effective financial strategies.
The book begins with a presentation of the fundamentals of corporate finance before moving on to discussing specific techniques used to maximize the value of a business. It also explores the recent financial and economic crises and the role of finance in business. With its relevant and engaging presentation, numerous examples, and emphasis on using Excel, this text serves as a comprehensive reference tool for you in your academic or business career. Each new copy of Brigham / Ehrhardt's FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 14e includes Thomson ONE Business School Edition, which gives you access to the same Thomson Reuters financial database that professionals use every day. It is also packed with additional learning solutions to help you become First in Finance.
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 taught at the University of Connecticut, the University of Wisconsin and the University of California-Los Angeles. As a former president of the Financial Management Association, he has written numerous journal articles on the cost of capital, capital structure and other aspects of financial management.
He is the author or co-author of 10 textbooks on managerial finance and managerial economics that have been used in more than 1,000 universities in the United States and translated into 11 languages around the world. In addition to his academic writing, Dr. Brigham continued to conduct research. He has served as a consultant for many corporate and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the US Office of Telecommunications Policy, and RAND Corp. He has also acted as an expert in numerous cases of electricity, gas and federal and state telephones. Dr. Brigham spends his free time on the golf course, enjoying time with his family and dogs and engaging in adventurous outdoor activities such as cycling in Alaska.
Dr. Michael C. Ehrhardt is a professor emeritus and currently a faculty member in two Executive MBA programs at the University of Tennessee. He received a B.S. in civil engineering and a B.A. in Economics from Swarthmore College. After working as an engineer for several years, he earned his M.S. in Operations Research and Ph.D. in Finance from the Georgia Institute of Technology. Dr. Ehrhardt has taught extensively in the areas of investment, corporate finance and capital markets at the undergraduate, masters and doctoral levels. He has directed and has been active in numerous thesis commissions.
Dr. Ehrhardt teaches in advanced training programs and advises in the areas of business valuation, value-based compensation plans, financial aspects of supply chain management and cost of capital. His accolades include the Allen G. Keally Outstanding Teacher Award, the Tennessee Organization of MBA Students Outstanding Faculty Award, the College of Business Administration Research & Teaching Award, and the College of Business John B. Ross Outstanding Teaching Award. As the author and co-author of numerous books on various areas of finance, Dr. Ehrhardt's research focuses primarily on company valuation and asset pricing models, including pricing models for rate sensitive instruments. of interest. 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.
This textbook had its brilliant moments in my MBA in Financial Management course. It's expansive, as most textbooks are, but it has a great way to incorporate global business concepts. Comparing it to other textbooks in space is difficult (I haven't read too many) but the book's value for the cost is substantial.
Benefits: Cost. The book shipped for $ 281.00. It's $ 50.00 cheaper than Cengage and my MBA school's bookstore + free shipping. The book looks well planned and the content is delivered well. The font of the text, the colors, the use of various "areas of interest" and the related stories are well done.
Cons: It's a manual, so it can be dry. If you haven't been to school for a while, the formulas will keep you spinning for a bit until you get used to the academic terminology again. Otherwise it's about as good as I could have imagined so far.
The book is easy to understand. The formulas are well explained. However, it has a lot of typos. For a book that will be used for an MBA program, I wouldn't expect any mistakes at all.
I enjoyed working with this book, during my MBA studies throughout my 4 semester studies, in financial analysis, cost and management accounting, budgeting, titles,...etc. Not always applicable to details of C.E.E. or European market, culture or differences in economic legislation, .... such as securities and differences in capital market legislation. Economic principles work.