Finance: Introduction to Institutions, Investments, and Management [Hardcover]

Ronald W. Melicher (Author), Edgar A. Norton (Author)

Book Description

ISBN-10: 0471675792 | ISBN-13: 978-0471675792 | Publication Date: February 28, 2005 | Edition: 12

The Twelfth Edition of this successful book provides a survey of the foundations of the finance discipline. The authors covers the three major financial areas:? Institutions & Markets, Investments, and Financial Management, helping you develop an integrated perspective of the different foundations of finance.

Editorial Reviews

From the Back Cover

Understand how financial markets, institutions, and management fit together

How do financial markets and institutions affect businesses and individuals? How do firms raise funds? How can you use markets and institutions to meet your own personal goals? To answer questions such as these, you need a broad understanding of financial markets, institutions, and management.

Ronald Melicher and Edgar Norton’s 12th Edition of Finance: Introduction to Institutions, Investments, and Management helps you understand and appreciate the interrelationships among the three different financial disciplines. The text not only equips you with a solid foundation of basic knowledge, concepts, and terms; it also offers insights into the practice of finance in large corporations, small businesses, and personal financial planning.

Now updated and revised, this 12th Edition features:

• A stronger emphasis on the four pillars of finance: money has time value, risk affects the level of expected returns, financial markets are efficient in pricing securities, and reputation matters.
• Additional material on business ethics, including corporate governance and investment practices.
• A stronger global focus, including sections on how monetary systems differ worldwide, how foreign exchange rates work and what causes them to change.
• Spreadsheet illustrations, which show how to set up spreadsheets to perform basic financial analysis and explain how to use various Excel functions.
• Updated data and examples.
• Additional end-of-chapter questions and problems.

About the Author

Ronald Melicher is a Professor of Finance and Chair of the Finance Division in the College of Business at the University of Colorado at Boulder. He is also a President's Teaching Scholar and the W. H. Baughn Distinguished Scholar. Dr. Melicher is currently in his 31st year of teaching at the University of Colorado.

Edgar Norton's teaching and research interests include investments, corporate finance, and entrepreneurial finance. His research has been published in a variety of finance, economic, and small business journals, including Financial Review nad the Journal of Business Research. A recipient of an Award of Excellence for a research paper at a conference sponsored by the International Council for Small Business, he was recognized in an article in the Journal of Management as one of the most productive entrepreneurship researchers of the early 1990s. He has co-authored four books. --This text refers to the Paperback edition.

Product Details

• Hardcover: 592 pages
• Publisher: Wiley; 12 edition (February 28, 2005)
• Language: English
• ISBN-10: 0471675792
• ISBN-13: 978-0471675792
• Product Dimensions: 11 x 8.6 x 1.1 inches
• Shipping Weight: 3.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #446,893 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

4.0 out of 5 stars General comment., February 28, 2007

By 

Stevem 890 (New York) - See all my reviews

This review is from: Finance: Introduction to Institutions, Investments, and Management (Hardcover)

This is an excellent overview of finance and related topics. focuises on macroeconomic factors, such as aspects of national banking and finance, international trade and currency exchange systems, etc. Also focuses on corporate and business finance. Also contains excellent exercises for math and accounting functions.

2.0 out of 5 stars Sometimes too complex, at others too basic, December 19, 2010

By 

J. House (Washington, DC) - See all my reviews
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This review is from: Finance: Introduction to Institutions, Investments, and Management (Hardcover)

Does not define new concepts or terms very well. The definitions are so basic that they don't explain enough. Then, when those concepts are used in complicated explanations, the reader is lost because the given definition was too shallow.

Also, this book has a ridiculous obsession with "greed." Greed doesn't kill markets. Greed drives markets. Fraud or violence distorts markets. Markets don't fail because an executive gets paid too much - his company fails, and rightfully so.