Financial Management and Mastering Finance: Universal CD ROM Ver. 1.1 - Hardcover

Über die Autorin bzw. den Autor

Timothy J. Gallagher (Tim) is professor of finance and chair of the Department of Finance & Real Estate at Colorado State University Tim received his Ph.D. in finance in 1978 from the University of Illinois at Urbana-Champaign.

Tim has taught undergraduate and graduate finance courses for 24 years, including courses in financial management, markets and institutions, and investments. He has taught traditional and nontraditional students at all levels, including executive MBAs, and all types of classroom settings―large lecture, small seminar, and distance learning.

Tim has published in journals such as The Journal of Money, Credit, and Banking, The Journal of Portfolio Management, Financial Management, and The Financial Review, among others.

Joseph D. Andrew Jr. (Joe) is a financial analyst with BIA Financial Network, Inc., a financial consulting firm specializing in the analysis and appraisal of broadcasting, cable, and telecommunications companies and in preparation of bank presentations for communications clients. As a senior telecom analyst with BIA, Joe performs asset and stock appraisals, business plan analyses, industry studies, and litigation support functions for communications companies, primarily in the local, long distance, wireless, specialized mobile radio, and Internet industries. He also participates in specialized strategic research projects and impact studies covering various aspects of the communications industry. Joe is a member of the American Society of Appraisers and has been with BIA since April 1997.

Prior to joining BIA, Joe served as chief financial officer for X-Change Software, Inc., a start-up software development firm in Oakton, Virginia. As CFO, he was responsible for corporate investment analysis, cash flow planning, forecasting and analysis, receivables and payables management, and supervision of bookkeeping and accounting functions.

In addition to managing corporate finances, Joe teaches graduate courses for Webster University of St. Louis, Missouri, dividing his time between the University's Washington, D.C., campus and its international campus in Hamilton, Bermuda. His published works include this book and Effective Writing: A Handbook for Finance People, with Dr. Claire May of the Art Institute of Atlanta and Dr. Gordon May of the University of Georgia.

Joe's past experience includes teaching assignments for National-Louis University in McLean Virginia, the University of Southern Colorado in Colorado Springs, and McMurry College in Abilene, Texas. He also served 23 years as a missile maintenance specialist in the U.S. Air Force, retiring at the rank of chief master sergeant in 1982.

Tim and Joe's partnership in this book's creation represents a unique opportunity for readers to experience the best of both worlds―Tim's development of the theory and logic of financial principles and Joe's real-world financial orientation. Their combined experience with students ensures that readers will learn theory and practice in an innovative, up-to-date, accurate manner.

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In FINANCIAL MANAGEMENT, 3rd Edition, students get the best of both worlds with coverage that is comprehensive in tackling the difficult issues in finance, yet accessible enough for students to understand. The authors remain dedicated to putting students first by including the latest in financial theory while retaining a strong real-world connection, making learning both relevant and fun.

• The Stock and Bond Valuation chapter, previously Chapter 9, has been moved to Chapter 12, and is now titled "Business Valuation" to reflect the rapidly advancing field of business appraisal. Techniques for valuing complete businesses and individual assets have been added. A numerical example of a real-world business has also been included, along with a discussion of the value of control.
• Expanded coverage of Real Options. This discussion has been expanded into two chapters (Chapters 10 & 11) and includes numerical examples relating to abandonment and expansion options. Decision trees are also described, and homework problems relating to real options have been added to the end-of-chapter material.
• Interactive Modules have been integrated throughout the book. These modules allow students to move seamlessly between the text and the book's Companion Website. Students can interact with graphs, view video information, and listen to audio material.
• Supplements written by the author team provide students with a package that is accurate and cohesive throughout.
• Each NEW copy of Gallagher/Andrew includes a FREE Mastering Finance CD-ROM. This CD-ROM allows students to participate in realistic financial decision-making situations.