Fundamentals of Financial Management 11th Edition by Eugene F. Brigham

Fundamentals of Financial Management 11th Edition by Eugene F. BrighamISBN 0324319819ISBN 0324319800When the first edition of Fundamentals was published 28 years ago, we wantedto provide an introductory text that students would find interesting and understandable.Fundamentals immediately became the leading undergraduate financetext, and it has maintained that position ever since. Our goal with this editionhas been to produce a book and ancillary package that will maintain its lead andset a new standard for finance textbooks.Important changes in the financial environment have occurred since the lastedition. New technology and increased globalization continue to transform practicesand markets. Continued improvements in communications and transportationhave made it easier for businesses to operate on a worldwide basis?a companycan be headquartered in New York; develop products in India;manufacture them in China; and sell them in the United States, Europe, and therest of the world. This has led to major changes in the labor market, especially toan increase in outsourcing, which has resulted in generally lower consumerprices, but it has caused job losses for some U.S. workers and gains for others.There have also been dramatic rises and falls in the stock market, and interestrates have plunged to record lows even as energy prices hit historic highs. Corporatescandals have led to the downfall of such giants as Enron, WorldCom,and AT&T, and this has led to important changes in the laws governing corporatemanagement and financial reporting, as well as to equally importantchanges in managerial compensation. These issues are discussed in this editionof Fundamentals, where we analyze them from financial and ethical perspectives.