Product Description

This text is a streamlined text for basic financial management. It provides a brief introduction to financial management, incorporating shareholder wealth maximization and cash flow management focus, with emphasis on international financial management and ethical behavior of managers. In addition, the text provides many worked-out spreadsheet examples to provide an even greater applications approach to financial management.

Product Details

• Amazon Sales Rank: #306175 in Books
• Published on: 2006-03-01
• Original language: English
• Number of items: 1
• Binding: Paperback
• 656 pages

About the Author
R. Charles Moyer earned his BA in Economics from Howard University and his MBA and PhD in Finance and Managerial Economics from the University of Pittsburgh. Professor Moyer is Dean of the College of Business and Public Administration at the University of Louisville. He is Dean Emeritus and former holder of the GMAC Insurance Chair in Finance at the Babcock Graduate School of Management, Wake Forest University. Previously, he was Professor of Finance and Chairman of the Department of Finance at Texas Tech University. Professor Moyer also has taught at the University of Houston, Lehigh University, and the University of New Mexico and spent a year at the Federal Reserve Bank of Cleveland. Professor Moyer has taught extensively abroad in Germany, France, and Russia. In addition to this text, Moyer has coauthored a managerial economics text. He has been published in many leading journals including FINANCIAL MANAGEMENT, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, JOURNAL OF FINANCE, FINANCIAL REVIEW, JOURNAL OF FINANCIAL RESEARCH, INTERNATIONAL JOURNAL OF FORECASTING, JOURNAL OF ECONOMICS AND BUSINESS, and JOURNAL OF INDUSTRIAL ORGANIZATIONS. Professor Moyer is a member of the Board of Directors of King Pharmaceuticals, Inc.

James R. McGuigan owns and operates his own numismatic investment firm. Prior to this business, he was Associate Professor of Finance and Business Economics in the School of Business Administration at Wayne State University. He also taught at the University of Pittsburgh and Point Park College. McGuigan received his undergraduate degree from Carnegie-Mellon University. He earned an MBA at the Graduate School of Business at the University of Chicago and his PhD from the University of Pittsburgh. In addition to his interests in economics, he has coauthored books on financial management. His research articles on options have been published in the JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS.

Ramesh P. Rao is a professor of finance and holds the Paul C. Wise Chair in Finance in the College of Business Administration, Oklahoma State University. Previously he was Professor of Finance at Texas Tech University. Professor Rao has also taught at Wayne State University and the University of Toledo. He was also a visiting scholar at Massey University, New Zealand.

Rao earned his BS (General) degree from the University of the Philippines and his MBA degree from the Asian Institute of Management, Philippines. Rao has a Ph.D. in Finance from Texas Tech University.

Professor Rao has published over 50 articles in refereed journals including Journal of Finance, Journal of Business, Financial Management, Journal of Empirical Finance, Journal of Financial Research, Pacific-Basin Finance Journal, Financial Review, Strategic Management Journal, Journal of Business Finance and Accounting, and Managerial and Decision Economics.

Customer Reviews

Much ado about nothing
The concepts in this book are fantastic. For a general read, the book is fine and will leave you "feeling like" you learned a tremendous amount. HOWEVER, if you are using this book for a class -- give it up. The exercises at the end of each chapter will leave you feeling lost, confused, and ignorant. These feelings will quickly turn into anger. You must read EVERY WORD of the text VERY CAREFULLY and then think outside the box. The highlighted examples are of little use for the exercises. Reading carefully and setting aside about 40 hours a week for assignments will get you a decent grade in the class. For a truly good grade, plan on spending a great deal of time at the library, researching online, and purchasing other books to cover and explain everything this book fails to cover.

By the 5th edition this should be a good book. Currently it is not.

P.s. The study guide that you can buy separately to go with this book is a bigger waste of money. The study guide is riddled with typographical errors on just about EVERY page. Additionally, after going through a college finance course using this book, it also became apparent that the teacher's answer key is also riddled with errors. If you get something wrong, question it, you may actually be right.

P.s.s. I had a 4.0 GPA (created with 17 courses) prior to taking this course. I did manage to pull an A- in this course dropping me to a 3.97 GPA but it took a tremendous amount of work to do that much! This is NOT an easy textbook to follow. The instructor will have to play a HUGE role in making it work. I took this class online and had zero instructor interaction. If you can avoid that do so!

Terrible book!!!
In my finance class, we focus heavily on calculations and formulas. This textbooks isn't very "user friendly" when describing formulas and allocating the formulas to the associated tables within the text. I find myself flipping back and forth like crazy. Looking at the table then shuffling thru the text to find the formula. I'm used to using texts that have the table and formula being discussed all on one page or at least right next to each other. The text should show calculations, line by line instead of in paragraphs. I think that would clarify a lot of the sections.

I'm going to end up buying a supplement book like "Finance for Dummies."

Difficult To Understand
This book is difficult to follow in an online environment. It may be better in a normal school environment with a teacher going into more detail. It seems to me that the authors of this book wish they were english majors and are not trying to explain this efficiently. They touch on several methods of solving the problems yet never go into detail about any of those techniques and leave you confused. I've been told that the best way to answer the questions in this book is to know Microsoft Excel extensively. (The book does not help you with this). I also feel as though many of the chapter questions are trick questions. Good luck to anyone else who has to use this for one of their classes!