Finance is the study of how individuals, institutions, governments, and businesses acquire, spend, and manage their money and other financial assets to maximize their value or wealth. Fundamentals of Finance introduces the nuances of finance in a comprehensive yet concise manner and is essential reading for professionals building a career in finance or for students taking a course in finance. The book consists of four parts:
- Part I: "Introduction to Finance, Money and Interest Rates, and Time Value of Money" focuses on the role financial markets play in the financial system and financial basics that underlie how markets operate.
- Part II: "Investments and Portfolio Management" discusses the characteristics of stocks and bonds, how securities are valued, the operations of securities markets, formation of optimal portfolios, and derivatives.
- Part III: "Financial Management/Corporate Finance" explores financial planning, asset management, and fund-raising activities that will enhance a firm's value.
- Part IV: "Management of Financial Institutions" focuses on management of financial institutions in general, and risk management in financial institutions in particular.
The book's many examples, appendices, graphs and tables provide valuable know-how to a wide audience, making it an excellent resource for professionals as well as students who wish to attain a broad understanding of finance.
Please contact Stefan.Giesen@degruyter.com to request additional instructional material comprising a chapter-wise listing of questions and answers.
Mustafa Akan and Arman T. Tevfik, Haliç University, Turkey
"Akan and Tevfik astonishingly tackle a broad range of topics and the nuances of finance. They competently and comprehensively demonstrate the tools of finance to readers. This edition explores many examples, appendices, graphs, and tables for a wide range of audience. These features make the book an excellent resource for not only professionals but also students to gain extensive research about finance. I believe the book can be used as a textbook in an undergraduate or graduate course as it covers all areas of finance. It can be especially helpful for students as it contains many examples and cases. Whether you are professionals building a career in finance or a student who is taking a course in finance, Fundamentals of Finance: Investments, Corporate Finance, and Financial Institutions is the essential guide and reading for your knowledge or understanding in finance." --Professor Ahmet Faruk Aysan, Hamad Bin Khalifa University
"Fundamentals of Finance not only covers the essential building blocks of the Finance theory, but also highlights its everyday applications with a wide range of examples from real life. In this respect, I strongly believe this book will take its place in the reference library of both students as well as finance professionals." --Dr. Ahmet D. Erelçin, Graduate School of Business, Koç University
