Business finance : Theory and practice

Abstract

This book attempts to deal with fnancing and investment decision making, with par ticular focus on the private sector of the UK economy. Its approach is to set out the theories that surround each area of fnancial decision making and relate these to what appears to happen in practice. Where theory and practice diverge, the book tries to reconcile and explain the differences. It also attempts to assess the practical usefulness of some of the theories that do not seem to be applied widely in practice. The book is directed at those who are studying business fnance as part of an under graduate course, for example, a degree in business studies. It is also directed at post graduate, post-experience students who are either following a university course or seeking a professional qualifcation. It should also prove useful to those studying for the professional examinations of the accounting bodies. It is also hoped that those who are interested in business fnance for its own sake will fnd the book readable and helpful.