Business Finance, 1st Edition

Robert Parrino is the Lamar Savings Centennial Professor of Finance in the McCombs School of Business, University of Texas at Austin. He is the Associate Editor of Journal of Corporate Finance and Journal of Financial Research. He has experience in the application of corporate finance concepts in a variety of business situations and researches on corporate governance, financial policies, restructuring, mergers and acquisitions, and private equity markets.

David S. Kidwell is Professor of Finance and Dean Emeritus at the Curtis L. Carlson School of Management, University of Minnesota. He has over 30 years’ experience in financial education, as a teacher, researcher and administrator. He has published in leading journals such as Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Financial Management and Journal of Money, Credit and Banking.

Hue Hwa Au Yong is a Senior Lecturer in the Department of Accounting and Finance at Monash University. Prior to this, she completed her PhD in the area of risk management at Monash University. Her research has been published in several international peer-reviewed journals, including Journal of International Financial Markets, Institutions and Money; Australian Journal of Management; and International Review of Financial Analysis. She specialises in teaching corporate finance. In 2009, she was awarded the Faculty of Business and Economics Dean’s Commendation for Outstanding Teaching.

Samson Ekanayake is a Senior Lecturer in finance at Deakin University. He has been teaching business and corporate finance at Deakin since 1992 and also served as the Discipline Leader for Finance until July 2010. Samson has won several awards for teaching excellence in business finance and was nominated for Faculty Awards for innovative teaching in 2010. His research interests include corporate finance, management control and enterprise risk management. Before joining Deakin University, he held senior managerial positions in accounting and finance in several reputed companies. To name a few, he was the Finance Manager of Mitsubishi Olayan Machinery Industries, Corporate Treasurer of The Finance Company, and Economist of Fiji Sugar Corporation. Samson is a Chartered Accountant and a Certified Practising Accountant. He completed his postgraduate studies at the University of Lancaster in England.

Michael Dempsey is a Professor of Finance in the Department of Economics, Finance and Marketing at RMIT University. Prior to this, he was with Monash University and Griffith University, having previously been at Leeds University, United Kingdom. He also has many years’ experience working for the petroleum exploration industry in the Middle East, Aberdeen and London. His PhD was obtained in Astrophysics. His teaching responsibilities have been in corporate and investment finance, international finance, derivatives and financial engineering. He is an active researcher and research supervisor in the area of financial markets and the formation of asset prices, where he has continued to publish as well as referee major journal articles.

Nigel Morkel-Kingsbury is a Lecturer in the Department of Banking and Finance at Monash University. He is an experienced educator at both graduate and undergraduate levels, specialising in teaching corporate finance and international study programs. His research interests and publications include the following areas: central bank transparency and interest rates (the topic of his doctoral thesis), monetary policy, corporate finance and initial public offerings.

Jennifer James was formerly a Lecturer in the School of Business and Law at Central Queensland University. She has over 12 years teaching experience and specialises in teaching corporate finance and auditing and professional practice. In 2008, she was awarded the Faculty of Business and Informatics Award for Teaching Excellence and Central Queensland University’s Innovative Teacher of the Year Award. Jenny was awarded an ALTC Citation for Outstanding Contributions to Student Learning in 2009. Her research interests focus on improving her teaching strategies to maximise student learning. In 2009, she was awarded an Outstanding Paper Award at the World Conference on Educational Media and Technology in Honolulu and the Edith Cowan Authentic Learning Award at the Higher Education Research and Development Society of Australasia Conference in Darwin.

James Murray previously taught at Monash University, and has also tutored at Swinburne University of Technology and Lincoln University. He completed his PhD in the area of dividend policy at Monash University. His research interests primarily relate to the role of the legal and tax environment in corporate finance.

1. The financial manager and the company
2. The financial environment and the level of interest rates
3. The time value of money
4. Discounted cash flows and valuation
5. Risk and return
6. Bond valuation and the structure of interest rates
7. Share valuation
8. The fundamentals of capital budgeting
9. Cash flows and capital budgeting
10. Evaluating project economics and capital rationing
11. The cost of capital
12. Working capital management
13. How companies raise capital
14. Capital structure policy
15. Dividends and dividend policy

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