Fundamentals of Financial Management: Concise

Höfundar: Eugene F. Brigham; Joel F. Houston (Útgáfa: 12)
Fundamentals of Financial Management: Concise

Kaup valmöguleikar

Teach students about financial markets and corporate financial management with Brigham/Houston's FUNDAMENTALS OF FINANCIAL MANAGEMENT: CONCISE, 12th Edition. Examples address new developments in finance, showing the impact of changing technology, AI and Fintech. Explore how rising inflation, fluctuating interest rates and changes in the corporate tax code shape financial decision-making. Examine the landscape of technology, globalization, financial market dynamics and interplay of political and economic environments.

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Útgefandi
Cengage Learning US
ISBN
9798214582030
Print ISBN
9798214040585
Format
ePub
Útgáfa
12
Höfundar
Eugene F. Brigham; Joel F. Houston
Tungumál
English
Útgefið
2025-01-23
Prent takmörkun á líftíma
100
Prent takmörkun
2
Afritunar takmörkun
2

Kaflar

  • Cover Page
  • Title Page
  • Copyright Page
  • Dedication
  • Preface
  • Acknowledgments
  • Conclusion
  • About the Authors
  • Part 1. Introduction to Financial Management (Chapters 1-2)
  • Chapter 1. An Overview of Financial Management
  • 1-1. What Is Finance?
  • 1-1a. Areas of Finance
  • 1-1b. Finance Within an Organization
  • 1-1c. Finance Versus Economics and Accounting
  • 1-2. Jobs in Finance
  • 1-3. Forms of Business Organization
  • 1-4. The Main Financial Goal: Creating Value for Investors
  • 1-4a. Determinants of Value
  • 1-4b. Intrinsic Value
  • 1-4c. Consequences of Having a Short-Run Focus
  • 1-5. Stockholder–Manager Conflicts
  • 1-5a. Compensation Packages
  • 1-5b. Direct Stockholder Intervention
  • 1-5c. Managers’ Response
  • 1-6. Stockholder–Debtholder Conflicts
  • 1-7. Balancing Shareholder Interests and the Interests of Society
  • 1-8. Business Ethics
  • 1-8a. What Companies Are Doing
  • 1-8b. Consequences of Unethical Behavior
  • 1-8c. How Should Employees Deal With Unethical Behavior?
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Financial Analytics Case
  • Chapter 2. Financial Markets and Institutions
  • 2-1. The Capital Allocation Process
  • 2-2. Financial Markets
  • 2-2a. Types of Markets
  • 2-2b. Recent Trends
  • 2-3. Financial Institutions
  • 2-4. The Stock Market
  • 2-4a. Physical Location Stock Exchanges
  • 2-4b. Over-The-Counter (OTC) and the NASDAQ Stock Markets
  • 2-5. The Market for Common Stock
  • 2-5a. Types of Stock Market Transactions
  • 2-6. Stock Markets and Returns
  • 2-6a. Stock Market Reporting
  • 2-6b. Stock Market Returns
  • 2-7. Stock Market Efficiency
  • 2-7a. Behavioral Finance Theory
  • 2-7b. Conclusions about Market Efficiency
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Financial Analytics Case
  • Integrated Case
  • Part 2. Fundamental Concepts in Financial Management (Chapters 3-5)
  • Chapter 3. Financial Statements, Cash Flow, and Taxes
  • 3-1. Financial Statements and Reports
  • 3-2. The Balance Sheet
  • 3-2a. Allied’s Balance Sheet
  • 3-3. The Income Statement
  • 3-4. Statement of Cash Flows
  • 3-5. Statement of Stockholders’ Equity
  • 3-6. Uses and Limitations of Financial Statements
  • 3-7. Free Cash Flow
  • 3-8. MVA and EVA
  • 3-9. Income Taxes
  • 3-9a. Individual Taxes
  • 3-9b. Corporate Taxes
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Chapter 4. Analysis of Financial Statements
  • 4-1. Ratio Analysis
  • 4-2. Liquidity Ratios
  • 4-2a. Current Ratio
  • 4-2b. Quick, or Acid Test, Ratio
  • 4-3. Asset Management Ratios
  • 4-3a. Inventory Turnover Ratio
  • 4-3b. Days Sales Outstanding
  • 4-3c. Fixed Assets Turnover Ratio
  • 4-3d. Total Assets Turnover Ratio
  • 4-4. Debt Management Ratios
  • 4-4a. Total Debt to Total Capital
  • 4-4b. Times-Interest-Earned Ratio
  • 4-5. Profitability Ratios
  • 4-5a. Operating Margin
  • 4-5b. Profit Margin
  • 4-5c. Return on Total Assets
  • 4-5d. Return on Common Equity
  • 4-5e. Return on Invested Capital
  • 4-5f. Basic Earning Power (BEP) Ratio
  • 4-6. Market Value Ratios
  • 4-6a. Price/Earnings Ratio
  • 4-6b. Market/Book Ratio
  • 4-6c. Enterprise Value/EBITDA Ratio
  • 4-7. Tying the Ratios Together: The DuPont Equation
  • 4-8. Potential Misuses of ROE
  • 4-9. Using Financial Ratios to Assess Performance
  • 4-9a. Comparison to Industry Average
  • 4-9b. Benchmarking
  • 4-9c. Trend Analysis
  • 4-10. Uses and Limitations of Ratios
  • 4-11. Looking Beyond the Numbers
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Appendix 4A. Common Size and Percent Change Analyses
  • Chapter 5. Time Value of Money
  • 5-1. Time Lines
  • 5-2. Future Values
  • 5-2A. Step-by-Step Approach
  • 5-2B. Formula Approach
  • 5-2C. Financial Calculators
  • 5-2D. Spreadsheets
  • 5-2E. Graphic View of the Compounding Process
  • 5-3. Present Values
  • 5-3A. Graphic View of the Discounting Process
  • 5-4. Finding the Interest Rate, I
  • 5-5. Finding the Number of Years, N
  • 5-6. Annuities
  • 5-7. Future Value of an Ordinary Annuity
  • 5-8. Future Value of an Annuity Due
  • 5-9. Present Value of an Ordinary Annuity
  • 5-10. Finding Annuity Payments, Periods, and Interest Rates
  • 5-10A. Finding Annuity Payments, PMT
  • 5-10B. Finding the Number of Periods, N
  • 5-10C. Finding the Interest Rate, I
  • 5-11. Perpetuities
  • 5-12. Uneven Cash Flows
  • 5-13. Future Value of an Uneven Cash Flow Stream
  • 5-14. Solving for I with Uneven Cash Flows
  • 5-15. Semiannual and Other Compounding Periods
  • 5-16. Comparing Interest Rates
  • 5-17. Fractional Time Periods
  • 5-18. Amortized Loans
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Appendix 5A. Continuous Compounding and Discounting
  • Appendix 5B. Growing Annuities
  • Part 3. Financial Assets (Chapters 6-9)
  • Chapter 6. Interest Rates
  • 6-1. The Cost of Money
  • 6-2. Interest Rate Levels
  • 6-3. The Determinants of Market Interest Rates
  • 6-3a. The Real Risk-Free Rate of Interest, r *
  • 6-3b. The Nominal, or Quoted, Risk-Free Rate of Interest, r RF = r * + IP
  • 6-3c. Inflation Premium (IP)
  • 6-3d. Default Risk Premium (DRP)
  • 6-3e. Liquidity Premium (LP)
  • 6-3f. Interest Rate Risk and the Maturity Risk Premium (MRP)
  • 6-4. The Term Structure of Interest Rates
  • 6-5. What Determines the Shape of the Yield Curve?
  • 6-6. Using the Yield Curve to Estimate Future Interest Rates
  • 6-7. Macroeconomic Factors That Influence Interest Rate Levels
  • 6-7a. Federal Reserve Policy
  • 6-7b. Federal Budget Deficits or Surpluses
  • 6-7c. International Factors
  • 6-7d. Business Activity
  • 6-8. Interest Rates and Business Decisions
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Chapter 7. Bonds and Their Valuation
  • 7-1. Who Issues Bonds?
  • 7-2. Key Characteristics of Bonds
  • 7-2a. Par Value
  • 7-2b. Coupon Interest Rate
  • 7-2c. Maturity Date
  • 7-2d. Call Provisions
  • 7-2e. Sinking Funds
  • 7-2f. Other Features
  • 7-3. Bond Valuation
  • 7-4. Bond Yields
  • 7-4a. Yield to Maturity
  • 7-4b. Yield to Call
  • 7-5. Changes in Bond Values over Time
  • 7-6. Bonds With Semiannual Coupons
  • 7-7. Assessing a Bond’s Riskiness
  • 7-7a. Price Risk
  • 7-7b. Reinvestment Risk
  • 7-7c. Comparing Price Risk and Reinvestment Risk
  • 7-8. Default Risk
  • 7-8a. Various Types of Corporate Bonds
  • 7-8b. Bond Ratings
  • 7-8c. Bankruptcy and Reorganization
  • 7-9. Bond Markets
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Appendix 7A. Zero Coupon Bonds
  • Appendix 7B. Bond Risk and Duration
  • Appendix 7C. Bankruptcy and Reorganization
  • Chapter 8. Risk and Rates of Return
  • 8-1. The Risk-Return Trade-Off
  • 8-2. Stand-Alone Risk
  • 8-2a. Statistical Measures of Stand-Alone Risk
  • 8-2b. Measuring Stand-Alone Risk: The Standard Deviation
  • 8-2c. Using Historical Data to Measure Risk
  • 8-2d. Other Measures of Stand-Alone Risk: The Coefficient of Variation and the Sharpe Ratio
  • 8-2e. Risk Aversion and Required Returns
  • 8-3. Risk in a Portfolio Context: The CAPM
  • 8-3a. Expected Portfolio Returns, r ^ p
  • 8-3b. Portfolio Risk
  • 8-3c. Risk in a Portfolio Context: The Beta Coefficient
  • 8-4. The Relationship Between Risk and Rates of Return
  • 8-4a. The Impact of Expected Inflation
  • 8-4b. Changes in Risk Aversion
  • 8-4c. Changes in a Stock’s Beta Coefficient
  • 8-5. Some Concerns About Beta and the CAPM
  • 8-6. Some Concluding Thoughts: Implications for Corporate Managers and Investors
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Appendix 8A. Calculating Beta Coefficients
  • Chapter 9. Stocks and Their Valuation
  • 9-1. Legal Rights and Privileges of Common Stockholders
  • 9-1a. Control of the Firm
  • 9-1b. The Preemptive Right
  • 9-2. Types of Common Stock
  • 9-3. Stock Price Versus Intrinsic Value
  • 9-3a. Why Do Investors and Companies Care About Intrinsic Value?
  • 9-4. The Discounted Dividend Model
  • 9-4a. Expected Dividends as the Basis for Stock Values
  • 9-5. Constant Growth Stocks
  • 9-5a. Illustration of a Constant Growth Stock
  • 9-5b. Dividends Versus Growth
  • 9-5c. Which Is Better: Current Dividends or Growth?
  • 9-5d. Required Conditions for the Constant Growth Model
  • 9-6. Valuing Nonconstant Growth Stocks
  • 9-7. Enterprise-Based Approach to Valuation
  • 9-7a. The Corporate Valuation Model
  • 9-7b. Comparing the Corporate Valuation and Discounted Dividend Models
  • 9-8. Preferred Stock
  • Tying It All Together
  • Self–Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Appendix 9A. Stock Market Equilibrium
  • Part 4. Investing in Long-Term Assets: Capital Budgeting (Chapters 10-13)
  • Chapter 10. The Cost of Capital
  • 10-1. An Overview of the Weighted Average Cost of Capital (WACC)
  • 10-2. Basic Definitions
  • 10-3. Cost of Debt, r d ( 1 - T )
  • 10-4. Cost of Preferred Stock, r p
  • 10-5. Cost of Retained Earnings, r s
  • 10-5a. CAPM Approach
  • 10-5b. Bond-Yield-Plus-Risk-Premium Approach
  • 10-5c. Dividend-Yield-Plus-Growth-Rate, or Discounted Cash Flow (DCF), Approach
  • 10-5d. Averaging the Alternative Estimates
  • 10-6. Cost of New Common Stock, r e
  • 10-6a. Add Flotation Costs to a Project’s Cost
  • 10-6b. Increase the Cost of Capital
  • 10-6c. When Must External Equity Be Used?
  • 10-7. Composite, or Weighted Average, Cost of Capital, WACC
  • 10-8. Factors That Affect the WACC
  • 10-8a. Factors the Firm Cannot Control
  • 10-8b. Factors the Firm can Control
  • 10-9. Adjusting the Cost of Capital for Risk
  • 10-10. Some Other Problems With Cost of Capital Estimates
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Appendix 10A. The Cost of New Common Stock and WACC
  • Chapter 11. The Basics of Capital Budgeting
  • 11-1. An Overview of Capital Budgeting
  • 11-2. Net Present Value (NPV)
  • 11-3. Internal Rate of Return (IRR)
  • 11-4. Multiple Internal Rates of Return
  • 11-5. Reinvestment Rate Assumptions
  • 11-6. Modified Internal Rate of Return (MIRR)
  • 11-7. NPV Profiles
  • 11-8. Payback Period
  • 11-9. Conclusions on Capital Budgeting Methods
  • 11-10. Decision Criteria Used in Practice
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Chapter 12. Cash Flow Estimation and Risk Analysis
  • 12-1. Conceptual Issues in Cash Flow Estimation
  • 12-1a. Free Cash Flow Versus Accounting Income
  • 12-1b. Timing of Cash Flows
  • 12-1c. Incremental Cash Flows
  • 12-1d. Replacement Projects
  • 12-1e. Sunk Costs
  • 12-1f. Opportunity Costs Associated With Assets the Firm Owns
  • 12-1g. Externalities
  • 12-2. Analysis of an Expansion Project
  • 12-2a. Effect of Different Depreciation Rates
  • 12-2b. Cannibalization
  • 12-2c. Opportunity Costs
  • 12-2d. Sunk Costs
  • 12-2e. Other Changes to the Inputs
  • 12-3. Replacement Analysis
  • 12-4. Risk Analysis in Capital Budgeting
  • 12-5. Measuring Stand-Alone Risk
  • 12-5a. Sensitivity Analysis
  • 12-5b. Scenario Analysis
  • 12-5c. Monte Carlo Simulation
  • 12-6. Within-Firm and Beta Risk
  • 12-7. Unequal Project Lives
  • 12-7a. Replacement Chains
  • 12-7b. Equivalent Annual Annuities (EAA)
  • 12-7c. Conclusions About Unequal Lives
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Appendix 12A. Tax Depreciation
  • Appendix 12B. Refunding Operations
  • Appendix 12C. Using the CAPM to Estimate the Risk-Adjusted Cost of Capital
  • Appendix 12D. Techniques for Measuring Beta Risk
  • Chapter 13. Real Options and Other Topics in Capital Budgeting
  • 13-1. Introduction to Real Options
  • 13-2. Growth (Expansion) Options
  • 13-3. Abandonment/Shutdown Options
  • 13-4. Investment Timing Options
  • 13-5. Flexibility Options
  • 13-6. The Optimal Capital Budget
  • 13-7. The Post-Audit
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problems
  • Financial Analytics Case
  • Integrated Case
  • Part 5. Capital Structure and Dividend Policy (Chapters 14-15)
  • Chapter 14. Capital Structure and Leverage
  • 14-1. Book, Market, or “Target” Weights?
  • 14-1a. Measuring the Capital Structure
  • 14-1b. Capital Structure Changes Over Time
  • 14-2. Business and Financial Risk
  • 14-2a. Business Risk
  • 14-2b. Factors That Affect Business Risk
  • 14-2c. Operating Leverage
  • 14-2d. Financial Risk
  • 14-3. Determining the Optimal Capital Structure
  • 14-3a. WACC and Capital Structure Changes
  • 14-3b. The Hamada Equation
  • 14-3c. The Optimal Capital Structure
  • 14-4. Capital Structure Theory
  • 14-4a. The Effect of Taxes
  • 14-4b. The Effect of Potential Bankruptcy
  • 14-4c. Trade-off Theory
  • 14-4d. Signaling Theory
  • 14-4e. Using Debt Financing to Constrain Managers
  • 14-4f. Pecking Order Hypothesis
  • 14-4g. Windows of Opportunity
  • 14-5. Checklist for Capital Structure Decisions
  • 14-6. Variations in Capital Structures
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Appendix 14A. Degree of Leverage
  • Chapter 15. Distributions to Shareholders: Dividends and Share Repurchases
  • 15-1. Dividends Versus Capital Gains: What Do Investors Prefer?
  • 15-1a. Dividend Irrelevance Theory
  • 15-1b. Reasons Some Investors Prefer Dividends
  • 15-1c. Reasons Some Investors Prefer Capital Gains
  • 15-2. Other Dividend Policy Issues
  • 15-2a. Information Content, Or Signaling, Hypothesis
  • 15-2b. Clientele Effect
  • 15-3. Establishing the Dividend Policy in Practice
  • 15-3a. Setting the Target Payout Ratio: The Residual Dividend Model
  • 15-3b. Earnings, Cash Flows, and Dividends
  • 15-3c. Payment Procedures
  • 15-4. Dividend Reinvestment Plans
  • 15-5. Summary of Factors Influencing Dividend Policy
  • 15-5a. Constraints
  • 15-5b. Investment Opportunities
  • 15-5c. Alternative Sources of Capital
  • 15-5d. Effects of Dividend Policy on r s
  • 15-6. Stock Dividends and Stock Splits
  • 15-6a. Stock Splits
  • 15-6b. Stock Dividends
  • 5-6c. Effect on Stock Prices
  • 15-7. Stock Repurchases
  • 15-7a. The Effects of Stock Repurchases
  • 15-7b. Advantages of Repurchases
  • 15-7c. Disadvantages of Repurchases
  • 15-7d. Conclusions on Stock Repurchases
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Financial Analytics Case
  • Integrated Case
  • Appendix 15A. The Residual Dividend Model: An Example
  • Part 6. Working Capital Management, Financial Forecasting, and Multinational Financial Management (Chapters 16-18)
  • Chapter 16. Working Capital Management
  • 16-1. Background on Working Capital
  • 16-2. Current Assets Investment Policies
  • 16-3. Current Assets Financing Policies
  • 16-3a. Maturity Matching, or “Self-Liquidating,” Approach
  • 16-3b. Aggressive Approach
  • 16-3c. Conservative Approach
  • 16-3d. Choosing Between the Approaches
  • 16-4. The Cash Conversion Cycle
  • 16-4a. Calculating the Targeted CCC
  • 16-4b. Calculating the CCC From Financial Statements
  • 16-5. The Cash Budget
  • 16-6. Cash and Marketable Securities
  • 16-6a. Currency
  • 16-6b. Demand Deposits
  • 16-6c. Marketable Securities
  • 16-7. Inventories
  • 16-8. Accounts Receivable
  • 16-8a. Credit Policy
  • 16-8b. Setting and Implementing the Credit Policy
  • 16-8c. Monitoring Accounts Receivable
  • 16-9. Accounts Payable (Trade Credit)
  • 16-10. Bank Loans
  • 16-10a. Promissory Note
  • 16-10b. Line of Credit
  • 16-10c. Revolving Credit Agreement
  • 16-10d. Costs of Bank Loans
  • 16-11. Commercial Paper
  • 16-12. Accruals (Accrued Liabilities)
  • 16-13. Use of Security in Short-Term Financing
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Integrated Case
  • Appendix 16A. Short-Term Loans and Bank Financing
  • Chapter 17. Financial Planning and Forecasting
  • 17-1. Strategic Planning
  • 17-2. The Sales Forecast
  • 17-3. The AFN Equation
  • 17-3a. Excess Capacity Adjustments
  • 17-4. Forecasted Financial Statements
  • 17-4a. Part I. Inputs
  • 17-4b. Part II. Forecasted Income Statement
  • 17-4c. Part III. Forecasted Balance Sheet
  • 17-4d. Part IV. Ratios and EPS
  • 17-4e. Using the Forecast to Improve Operations
  • 17-5. Using Regression to Improve Forecasts
  • 17-6. Analyzing the Effects of Changing Ratios
  • 17-6a. Modifying Accounts Receivable
  • 17-6b. Modifying Inventories
  • 17-6c. Other “Special Studies”
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Integrated Case
  • Appendix 17A. Forecasting Financial Requirements When Financial Ratios Change
  • Chapter 18. Multinational Financial Management
  • 18-1. Multinational, or Global, Corporations
  • 18-2. Multinational versus Domestic Financial Management
  • 18-3. The International Monetary System
  • 18-3a. International Monetary Terminology
  • 18-3b. Current Monetary Arrangements
  • 18-4. Foreign Exchange Rate Quotations
  • 18-4a. Cross Rates
  • 18-4b. Interbank Foreign Currency Quotations
  • 18-5. Trading in Foreign Exchange
  • 18-5a. Spot Rates and Forward Rates
  • 18-6. Interest Rate Parity
  • 18-7. Purchasing Power Parity
  • 18-8. Inflation, Interest Rates, and Exchange Rates
  • 18-9. International Money and Capital Markets
  • 18-9a. International Credit Markets
  • 18-9b. International Stock Markets
  • 18-10. Investing Overseas
  • 18-11. International Capital Budgeting
  • 18-12. International Capital Structures
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Comprehensive/Spreadsheet Problem
  • Integrated Case
  • Part 7. Special Topics in Financial Management (Chapter 19)
  • Chapter 19. Fintech in Financial Markets
  • 19-1. Origins of Fintech
  • 19-2. Blockchain Technology
  • 19-2a. Advantages and Disadvantages of Blockchain Technology
  • 19-3. Cryptocurrencies
  • 19-3a. Using Bitcoins
  • 19-3b. Advantages and Disadvantages of Bitcoins
  • 19-3c. The Outlook for Bitcoins
  • 19-3d. Smart Contracts
  • 19-3e. Stablecoins
  • 19-3f. Central Bank Digital Currency (CBDC)
  • 19-4. Fintech Innovations in Financial Services Industry
  • 19-4a. Fintech Banking Services
  • 19-4b. Fintech in Lending
  • 19-4c. Fintech in Investments
  • 19-4d. Fintech in Advisory Services
  • 19-4e. Fintech in Insurance
  • 19-5. Fintech and Regulation
  • 19-5a. Regulatory Oversight of Fintech
  • 19-5b. Cybersecurity and Fintech
  • Tying It All Together
  • Self-Test Questions and Problems
  • Questions
  • Problems
  • Integrated Case
  • Appendix A.
  • Appendix B.
  • Appendix C. Selected Equations and Tables
  • Frequently Used Symbols/Abbreviations