Business Finance, 12th Edition

This is the 12th edition of the market-leading Business Finance, a highly regarded text that has now been around for 42 years. It takes a rigorous and authoritative coverage of major corporate finance topics, sitting at the highest level with regard to technical concepts. It is also the only wholly Australian textbook offered at this level rather than an adaptation of an international textbook.

NEW FEATURES

A full Connect Plus package is available with this text, featuring the end-of-chapter problems PLUS new interactive questions! Revision of Chapter 2 on Fisher’s Theorem, behavioural finance and increased discussion of capital budgeting. Categorised end-of-chapter material into basic, intermediate and advanced levels in the form of Question, Problem, Extension Exercise, differentiates questions for students of different aptitudes. End-of-chapter questions and problems are tagged for learning objectives, helping to reinforce key principles and the real-world applications of economic theory.

KEY FEATURES

Each chapter is carefully structured around its learning objectives, with learning objectives highlighted throughout the text. Finance in Action boxes with tables, figures and new data discuss recent and historical trends in economics. Worked examples are integrated throughout the text, accompanied by explanations of the theories used. Key terms are highlighted in the text with margin definitions where they first appear, and compiled into the glossary. Self-test problems for students, with answers at the back of the book.

GRAHAM PEIRSON is Professor of Accounting and Finance and Director of the Centre for Research in Accounting and Finance at Monash University (Clayton Campus). He is a member of the Australian Accounting Standards Board. He is co-author of Accounting: An Introduction, Financial Accounting: An Introduction, Issues in Financial Accounting and Financial Accounting Theory. A graduate of Adelaide University, he has taught at Adelaide University; University of California, Berkeley; University of Illinois; the University of Florida; and the University of Washington. ROB BROWN is Professor of Finance and head of the Department of Finance at The University of Melbourne. He is co-author of Financial Accounting Theory (2nd edition) and has published papers in many research journals including The Journal of Banking and Finance, The Journal of Business Finance and Accounting, Economica and The Australian Journal of Management. He is a former associate director (finance) of Accounting and Finance, the research journal of the Accounting Association of Australia and New Zealand. He has taught at the University of Sydney, Lancaster University and Monash University and on short courses for a range of clients including BHP/Billiton, Australia Post and the National Australia Bank. His current research interests are derivative securities and banking STEVE EASTON is Professor of Finance at the University of Newcastle where he has served as Head of the Department of Accounting and Finance and Dean of the Faculty of Economics and Commerce. He has undertaken research into the impact of accounting data on security market behaviour and on the market for corporate control. His recent research activity has included studies of the pricing of derivative securities. His work has been accepted for publication in a wide range of journals including The Journal of Futures Markets, Economica and The Journal of Banking and Finance. He has taught at the University of Adelaide, Lancaster University and Monash University. He has also provided short courses for a range of private and public sector organisations, including Australia Post, Macquarie Generation, State Forests of New South Wales and the Tasmanian Chamber of Commerce and Industry. PETER HOWARD is Senior Lecturer in Accounting and Finance at Monash University (Clayton Campus). For eight years he worked as an engineer in the petrochemical and mining industries. He has extensive experience in project evaluation and operations planning as well as staff training courses. He has published in academic and professional journals on lease evaluation and the effects of imputation on dividend and financing decisions. He has extensive teaching experience at both postgraduate and undergraduate levels. His current research interests include capital structure and dividend policy, particularly in the context of the imputation tax system.

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