Financial Management: Theory and Practice (with Thomson ONE) [Hardcover]

Eugene F. Brigham (Author), Michael C. Ehrhardt (Author)

Book Description

ISBN-10: 0805378227 | ISBN-13: 978-0805378221 | Publication Date: March 12, 2004 | Edition: 11

This text remains the only text in the market that presents a balance of financial theory and applications. The authors maintain the same four goals as with the first edition: helping learners to make good financial decisions, providing a solid text for the introductory MBA course, motivating learners by demonstrating finance is relevant and interesting, and presenting the material clearly.

Editorial Reviews

About the Author

Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham received his M.B.A. and Ph.D. from the University of California-Berkeley and his undergraduate degree from the University of North Carolina. Prior to coming to the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin, and the University of California-Los Angeles. Dr. Brigham served as president of the Financial Management Association and wrote more than the 40 journal articles on the cost of capital, capital structure, and other aspects of financial management. The ten textbooks on managerial finance and managerial economics that he authored or co-authored are used at more than 1,000 universities in the United States, and have been translated into 11 languages worldwide. He has testified as an expert witness in numerous electric, gas, and telephone rate cases at both federal and state levels. He has served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy, and the RAND Corporation. Dr. Brigham continues to teach, consult, and do research, as well as work on textbooks. He spends his spare time on the golf course, enjoying time with his family and dogs, and tackling outdoor adventure activities, such as biking through Alaska.

Mike Ehrhardt is a Professor in the Finance Department and is the Paul and Beverly Castagna Professor of Investments. He did his undergraduate work in Civil Engineering at Swarthmore College. After working several years as an engineer, he returned to graduate school and received an M.S. in Operations Research and a Ph.D. in Finance from the Georgia Institute of Technology. Dr. Ehrhardt taught extensively at the undergraduate, masters, and doctoral levels in the areas of investments, corporate finance, and capital markets. He has directed and served on numerous dissertation committees. He is a member of the team that developed and delivered the integrative first year of the MBA program. He was the winner of the Allen G. Keally Outstanding Teacher Award in the College of Business in 1989, the Tennessee Organization of MBA Students Outstanding Faculty member in 1998, the College of Business Administration Research & Teaching Award in 1998, and the John B. Ross Outstanding Teaching Award in the College of Business in 2003. Much of Mike's research is in the areas of corporate valuation and asset pricing models, including pricing models for interest-rate sensitive instruments. His work has been published in numerous journals, including The Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, The Financial Review, The Journal of Financial Research, and The Journal of Banking and Finance. He is the author of The Search for Value: Measuring the Company's Cost of Capital, published by the Harvard Business School Press. He is a co-author of Financial Management: Theory and Practice, the market-leading MBA finance textbook, and Corporate Finance: A Focused Approach, a more focused textbook that can be covered in a single semester. Mike teaches in Executive Education Programs and consults in the areas of corporate valuation, value-based compensation plans, financial aspects of supply-chain management, and the cost of capital.

Product Details

• Hardcover: 1024 pages
• Publisher: South-Western College Pub; 11 edition (March 12, 2004)
• Language: English
• ISBN-10: 0805378227
• ISBN-13: 978-0805378221
• ASIN: 0324259689
• Product Dimensions: 10 x 8.2 x 1.5 inches
• Shipping Weight: 4.3 pounds
• Average Customer Review: 3.8 out of 5 stars  See all reviews (38 customer reviews)
• Amazon Best Sellers Rank: #302,842 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

14 of 14 people found the following review helpful:

5.0 out of 5 stars Top Textbook, April 23, 2001

By 

Polymath-In-Training (Olive Branch, MS United States) - See all my reviews

This review is from: Financial Management: Theory and Practice (Dryden Press Series in Finance) (Hardcover)

This is the best textbook I've ever read. Not just the best financial textbook, but the best textbook. I used Van Horne in my MBA program in 1980. Van Horne made the same mistake that most textbook authors make: he assumes that either the student knows too much or that the teacher will clarify the author. Brigham, et. al., assumes that the student knows very little, which is always the safest assumption. In my opinion, it is impossible for an author to tell too much about a topic or to overexplain a topic. This appears to be Brigham's opinion, too. As a result, he has written a text that aids, rather than frustrates, the student in learning. In addition, it is an interestingly written text. I read well over half of the book in the evenings after work, plus Saturday and Sunday, in just one week. All textbook authors should learn from Eugene Brigham how a text book is to be written. Explain, clarify, use examples, and explain again.

15 of 16 people found the following review helpful:

5.0 out of 5 stars A different opinion, January 4, 2001

By A Customer

This review is from: Financial Management: Theory and Practice (Dryden Press Series in Finance) (Hardcover)

I fully understand how very intelligent people who do not have advance financial training would find this book overly complicated. This is not the sort of book you read in bed -- it is a text book. But it is one the most useful on my shelf. I refer to it constantly.

I'm a former Goldman Sachs investment banker and current CEO of a technology company with a JD/MBA from NYU. This book was required reading for an advanced corporate finance class I took while in school. It is the best finance book I have ever purchased.

This is not a primer. But for those who understand DCF, optimal capital structure, capital leases and working capital management... this is your book.

13 of 14 people found the following review helpful:

4.0 out of 5 stars Actually One of the Better, May 8, 2000

By A Customer

This review is from: Financial Management: Theory and Practice (Hardcover)

Don't confuse the TOPIC, which is very difficult for people who are unfamiliar, with the AUTHORS or STYLE.

The material can be confusing, but the authors do well with what they have. This book is far more readable than its competitors. Examples are adequate. Exercises cover all of the important issues. The study guide, a separate book, is useful if the material is still confusing.

For a technical textbook attempting to reach all audiences from the novice to the Finance professional, this book is one of the best. It does not focus so heavily on the theory and mathematical derivation as others, and yet explains the necessary background so that the student does not find Finance just a "black box." It does, however, attempt to be all things to all people. I would like to see a "concise" edition which focuses exclusively on about the first 15 or 20 chapters, but that is a problem constant with all.