Chad J. Zutter is a finance professor and the James Allen Faculty Fellow at the Katz Graduate School of Business at the University of Pittsburgh. Dr. Zutter received his BBA from the University of Texas at Arlington and his PhD from Indiana University. His research has a practical, applied focus and has been the subject of feature stories in, among other prominent outlets, The Economist and CFO Magazine. His papers have been cited in arguments before the US Supreme Court and in consultation with companies such as Google and Intel. Dr. Zutter won the prestigious Jensen Prize for the best paper published in the Journal of Financial Economics and a best paper award from the Journal of Corporate Finance, where he is currently an Associate Editor. He has won teaching awards at the Kelley School of Business at Indiana University and the Katz Graduate School of Business at the University of Pittsburgh. Dr. Zutter also serves on the board of Lutheran SeniorLife and, prior to his career in academics, he was a submariner in the US Navy. Dr. Zutter and his wife have 4 children and live in Pittsburgh, Pennsylvania. In his free time he enjoys horseback riding and downhill skiing.

Scott B. Smart is a finance professor and the Fettig/Whirlpool Finance Faculty Fellow at the Kelley School of Business at Indiana University. Dr. Smart received his BBA from Baylor University and his MA and PhD from Stanford University. His research focuses primarily on applied corporate finance topics and has been published in journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Corporate Finance, Financial Management, and others. His articles have been cited by business publications including The Wall Street Journal, The Economist, and Business Week. Winner of more than a dozen teaching awards, Dr. Smart has been listed multiple times as a top business school teacher by Business Week. He has held Visiting Professor positions at the University of Otago and Stanford University, and he worked as a Visiting Scholar for Intel Corporation, focusing on that company's mergers and acquisitions activity during the ''Dot-com'' boom in the late 1990s. As a volunteer, Dr. Smart currently serves on the boards of the Indiana University Credit Union and Habitat for Humanity. In his spare time he enjoys outdoor pursuits such as hiking and fly fishing.

Klappentext

Thistitle is a Pearson Global Edition. The Editorial team at Pearson has workedclosely with educators around the world to include content which is especiallyrelevant to students outside the United States.

For introductory courses in managerial finance.

Using financialconcepts to solve real-world problems with a proven teaching and learningframework

The Teaching and Learning System GÇö a hallmark feature of Principlesof Managerial Finance GÇö weaves pedagogy into concepts andpractice, giving students a roadmap to follow through the text andsupplementary tools. The 16th Edition concentrates on thematerial students need to know in order to make effective financial decisionsin an increasingly competitive business environment. It allows students to makethe connections between a firmGÇÖs action and its value, as determined in thefinancial market. With a large number of examples, this text is an easilyaccessible resource for in- and out-of-class learning.

MyLab-« Finance is not included. Students, if Pearson PearsonMyLab Finance is a recommended/mandatory component of the course, please askyour instructor for the correct ISBN. Pearson Pearson MyLab Finance should only be purchased whenrequired by an instructor. Instructors contact your Pearson representative formore information.

Zusammenfassung

This print textbook is available for students to rent for their classes. The Pearson print rental program provides students with affordable access to learning materials, so they come to class ready to succeed.

For introductory courses in managerial finance.

**Using financial concepts to solve real - world problems with a proven teaching and learning framework
The Teaching and Learning System, a hallmark feature of *Principles of Managerial Finance, weaves pedagogy into concepts and practice, giving students a roadmap to follow through the text and supplementary tools. The *1 6 th Edition concentrates on the material students need to know in order to make effective financial decisions in an increasingly competitive business environment. It allows students to make the connections between a firm's action and its value, as determined in the financial market. With a generous amount of examples, this text is an easily accessible resource for in- and out-of-class learning.

This title is also available digitally as a standalone Pearson eText, or via MyLab Finance, which includes the Pearson eText. Contact your Pearson rep for more information.

MyLab® empowers you to reach every student. This flexible digital platform combines unrivaled content, online assessments, and customizable features so you can personalize learning and improve results, one student at a time. Learn more about MyLab Finance.

Pearson eText is an easy-to-use digital textbook available within MyLab Finance that lets students read, highlight, take notes, and review key vocabulary all in one place. For instructors not using MyLab Finance , Pearson eText can also be adopted on its own as the main course material. Learn more about Pearson eText.

Inhalt

**PART 1: INTRODUCTION TO MANAGERIAL FINANCE
**1. The Role of Managerial Finance