Principles of Managerial Finance, Global Edition, 15th edition

For introductory courses in managerial finance.

Help students apply financial concepts to solve real world problems with a proven teaching and learning framework

The Teaching and Learning System—a hallmark feature of Principles of Managerial Finance—weaves pedagogy into concepts and practice, giving students a roadmap to follow through the text and supplementary tools. The 15th Edition concentrates on the material students need to know in order to make effective financial decisions in an increasingly competitive business environment. It allows students to make the connections between a firm’s action and its value, as determined in the financial market. With a generous amount of examples, this text is an easily accessible resource for in- and out-of-class learning

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

Guide students with a proven learning goal system

• New - The 15th Edition features 19 chapters divided into eight parts. Each part gives a brief overview, intended to give students an advanced sense for the collective value of the chapters included in the part.
  • New - Opener in Review question asks students to apply a concept that they learned in the chapter to the business situation described in the opener.
• New - Chapter 1 provides expanded content focusing on the goal of the firm and the broad principles that financial managers use in their pursuit of that goal.
• Updated - Financial calculator images that are featured in the book, match the financial calculator available on Pearson MyLab Finance.
• Updated - with problems to each chapter, require students to use real-world data to reach a solution.
• New/Updated - Part V features chapter discussions of economic value added using data from Exxon.
• Mobile Corp. Chapter 2 in this part explains how financial analysts construct cash flow projections, which are a required component of net present value analysis. The final chapter in Part V describes how firms analyze the risks associated with capital investments.
• The overarching organization helps students to make connections -- each major decision is presented in terms of both risk and return factors and their potential impact on an owner’s wealth.
  • Focus on Value at the end of each chapter helps reinforce students’ understanding of the link between a financial manager’s actions and a firm’s share value.

Provide real, hands-on examples and connections

• New - Chapter-opening vignettes feature companies such as Airbnb, Kroger, Netflix, Apple, Tesla, General Motors, Whirlpool, and Dell that are familiar to students and relevant for business in the “real world.”
• Updated - Focus on Ethics boxes highlight situations in which businesses or individuals have engaged in unethical behavior. The boxes explore the consequences of ethical lapses and the ways in which markets and governments play a role in enforcing ethical standards.
• Personal Finance Connections show students the value of applying financial principles and techniques to their personal lives:
  • Why This Chapter Matters to You helps motivate interest by discussing how the topic relates to the concerns of other major business disciplines and personal finance decisions.
  • Personal Finance links the concepts, tools, and techniques of each chapter, and problems can also be found throughout the homework material.
• In today’s world international considerations are essential to the study of business in general -- and finance in particular. Discussions of international dimensions are integrated throughout the chapters, learning goals, and end-of-chapter content. For instructors who devote more time to this topic, a separate chapter on international managerial finance is available at the end of the text.

Check out the preface for a complete list of features and what's new in this edition.

Also available with Pearson MyLab Finance

Pearson MyLab Finance is the teaching and learning platform that empowers you to reach every student. By combining trusted author content

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

Guide students with a proven learning goal system

• The 15th Edition features 19 chapters divided into eight parts. Each part gives a brief overview, intended to give students an advanced sense for the collective value of the chapters included in the part.
  • Opener in Review question asks students to apply a concept that they learned in the chapter to the business situation described in the opener.
• Chapter 1 provides expanded content focusing on the goal of the firm and the broad principles that financial managers use in their pursuit of that goal.
• Financial calculator images that are featured in the book, match the financial calculator available on Pearson MyLab Finance.
• Updated with problems to each chapter, require students to use real-world data to reach a solution.
• Part V features chapter discussions of economic value added using data from Exxon.

Provide real, hands-on examples and connections

• Chapter-opening vignettes feature companies such as Airbnb, Kroger, Netflix, Apple, Tesla, General Motors, Whirlpool, and Dell that are familiar to students and relevant for business in the “real world.”
• Focus on Ethics boxes highlight situations in which businesses or individuals have engaged in unethical behavior. The boxes explore the consequences of ethical lapses and the ways in which markets and governments play a role in enforcing ethical standards.

Check out the preface for a complete list of features and what's new in this edition.

Also available with Pearson MyLab Finance

Pearson MyLab Finance is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Learn more about Pearson MyLab Finance.

MyLabTM Finance is not included. Students, if MyLab Finance is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Finance should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.