Engaging and highly interesting writing style, a true hallmark of this text.
Significant International examples dispersed throughout the text and imbedded in selected appendices, especially Appendix 2A, International Differences in Capital Structure.
Expanded coverage of ROE in Chapter 2.
Appendix 5A, "Using Financial Markets to Manage Corporate Risks," is very easy for students to understand because the presentation is clear and concise.
A heavy reliance on presenting the practical implications of modern concepts such as market efficiency, beta risk, and market signaling.
Data on realized returns on securities, industry ratios, median rations by S&P rating category, etc. is incorporated throughout.
A clear and simple presentation of sustainable growth. Higgins continues to receive much praise for this.
Extensive discussion of the statement of cash flows. This discussion is very thorough and uses good, objective data to illustrate key points.
Enhanced coverage of venture capital and private equity, including an appendix to Chapter 9 on the venture capital method of valuation. This enhances Analysis of Financial Management's suitability for entrepreneurial finance courses.
Expanded coverage of estimating beta, including use of asset betas, in appendix to Chapter 8 to enhance readers' skills in estimating company betas.
Greater emphasis on simulation, including a financial planning exercise using complementary modeling software from Crystal Ball.
Discussion of observed differences in capital structure across countries.
An assessment of the strengths and weaknesses of the internal rate of return as an acceptance criterion in capital budgeting.
Special emphasis on the importance of business strategy for company financing choices and on the irrelevance proposition as a foundation for capital structure decisions.
Expanded coverage of capital intensity and its effect on breakeven sales.
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2007 McGraw-Hill Higher Education