Offering a unique balance of industry and academic experience, this unique author team presents the latest in financial theory while maintaining a strong real-world connection. Aiming to engage rather than intimidate, they offer a book that is reader-focused yet does not water down content. Their consistent approach focuses on value: what creates value, what destroys it, how value is measured, and how value and risk are related. Offers web-based Interactive Modules that provide extensions of the material presented in the book, such as Excel spreadsheets and Internet links. Bundles with the book Prentice Hall's Mastering Finance CD that includes video clips and other material to illustrate concepts. Features an earlier presentation of the cost of capital (to Chapter 9 from Chapter 12), preceding capital budgeting and cash flow estimation chapters. Provides all-new material on business valuation techniques. Perfect for the financial analyst, marketing manager, or information technology manager who wants an updated reference on financial topics.
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.
