Fundamentals of Finance (5th Ed.)

This fifth extensively revised and updated edition gives a practical overview of contemporary finance from a New Zealand perspective. Written by experts, it helps students understand:

• How the financial systems and the institutions within it operate.
• How and why financial decisions are made
• The tools, techniques and concepts used in finance, and how they are applied to the major sectors of finance.
• How individuals plan their short- and long-term financial activities
• How business organisations manage and finance their short- and long-term financial activities.

Broad in scope, Fundamentals of Finance explains the important financial decisions made by businesses and individuals, and how these decisions are influenced by the financial environment in which we live and work. It provides and introduction to finance that assists students to make their own financial decisions. Helpful features include: examples, self-test questions (with solutions), learning objectives, a glossary of terms and useful formulae.

Author Biography

Andrea Bennett is a senior tutor in Massey’s School of Business. Before joining Massey in the mid 1990s she worked in Mathematics and Chemistry. Her research focuses on financial systems, investments and financial planning, and financial literacy.

Carolyn Wirth holds a PhD in Finance from Massey University for empirical research on the capital market implications of resource consent information contained in New Zealand listed company announcements. Her current research investigates the corporate financial implications of country-level environmental regulatory stringency and the causes and consequences of the informativeness of corporate disclosures.