Includes bibliographical references and index.

Contents: The Business finance environment: Introduction -- A Framework for financial decision making -- Financial (accounting) statements and their interpretation -- Investment decisions: Investment appraisal methods -- Practical aspects of investment appraisal -- Risk in investment appraisal -- Portfolio theory and its relevance to real investment decisions -- Financing decisions: Sources of long-term finance -- The Secondary capital market (the stock exhange) and its efficiency -- Cost of capital estimations and the discount rate -- Gearing, the cost of capital and shareholders' wealth -- The dividend decision -- Integrated decisions: Management of working capital -- Corporate restructuring (including takeovers and divestments) -- International aspects of business finance -- Small businesses -- Appendix 1: Present value table -- Appendix 2: Annuity table -- Appendix 3: Suggested answers to review questions -- Appendix 4: Suggested answers to selected problem questions -- Glossary.