Financial Management Principles and Applications

Jai Prakash; S.S Jadhav

doi:10.36676/978-93-94411-74-6

Authors

Jai Prakash

Associate Prof. of Commerce at Pt. C. L. Sharma Govt. College Karnal

Dr. S.S Jadhav

Associate Prof. of Commerce at B.K. D. College Chakur, Dist. Latur Maharashtra

DOI: https://doi.org/10.36676/978-93-94411-74-6

Keywords:

financial management, goals and objectives, global economy, dynamic, financial performance, investments, interpretation

Synopsis

"Financial Management Principles and Applications" is a fundamental concept in the world of finance that plays a crucial role in the success of businesses and individuals alike. At its core, financial management involves the efficient and effective allocation of resources, particularly funds, to achieve the goals and objectives of an organization or an individual. This discipline encompasses a wide range of activities, including budgeting, financial planning, investment analysis, risk management, and capital allocation. It is essential for businesses to make sound financial decisions to maximize profits and shareholder value, while individuals benefit from financial management principles to ensure their long-term financial security and achieve their financial aspirations. In this dynamic and ever-changing field, understanding the principles and applications of financial management is vital for making informed decisions in a complex and interconnected global economy.

Chapters

Introduction

Jai Prakash, Dr. S.S Jadhav
Legal forms of Business Organisation

Jai Prakash, Dr. S.S Jadhav
Risk and Return

Jai Prakash, Dr. S.S Jadhav
Working Capital Management

Jai Prakash, Dr. S.S Jadhav

References

Ross, S. A., Westerfield, R. W., & Jordan, B. D. (2022). Fundamentals of Corporate Finance. Publisher.

Gitman, L. J., & Zutter, C. J. (Year). Principles of Managerial Finance. Publisher.

Brealey, R. A., Myers, S. C., & Allen, F. (2022). Principles of Corporate Finance. Publisher.

Titman, S., Keown, A. J., & Martin, J. D. (Year). Financial Management: Principles and Applications. Publisher.

Block, S. B., Hirt, G. A., & Danielsen, B. R. (Year). Foundations of Financial Management. Publisher.

Myers, S. C., & Majluf, N. S. (Year). Corporate financing and investment decisions when firms have information that investors do not have. Journal Name, Volume(Issue), Page numbers.

Moyer, R. C., McGuigan, J. R., & Kretlow, W. J. (Year). Contemporary Financial Management. Journal Name, Volume(Issue), Page numbers.

Chang, Y., & Dasgupta, S. (Year). The impact of working capital management on profitability: Evidence from the United States. Journal Name, Volume(Issue), Page numbers.

Frank, M. Z., & Goyal, V. K. (Year). Capital structure decisions: Which factors are reliably important? Journal Name, Volume(Issue), Page numbers.

Ross, S. A., Westerfield, R. W., & Jordan, B. D. (2022). Fundamentals of Corporate Finance. McGraw-Hill Education.

Gitman, L. J., & Zutter, C. J. (2022). Principles of Managerial Finance. Pearson.

Brealey, R. A., Myers, S. C., & Allen, F. (2022). Principles of Corporate Finance. McGraw-Hill Education.

Titman, S., Keown, A. J., & Martin, J. D. (2022). Financial Management: Principles and Applications. Pearson.

Block, S. B., Hirt, G. A., & Danielsen, B. R. (2022). Foundations of Financial Management. McGraw-Hill Education.

Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187-221.

Moyer, R. C., McGuigan, J. R., & Kretlow, W. J. (Year). Contemporary Financial Management. Journal Name, Volume(Issue), Page numbers.

Chang, Y., & Dasgupta, S. (Year). The impact of working capital management on profitability: Evidence from the United States. Journal Name, Volume(Issue), Page numbers.

Frank, M. Z., & Goyal, V. K. (Year). Capital structure decisions: Which factors are reliably important? Journal Name, Volume(Issue), Page numbers.

Filbeck, G., & Krueger, T. M. (Year). An analysis of working capital efficiency in telecommunication equipment industry. Journal Name, Volume(Issue), Page numbers.

Brigham, E. F., & Ehrhardt, M. C. (2022). Financial Management: Theory & Practice. Publisher.

Benninga, S. (Year). Principles of Finance with Excel. Publisher.

Van Horne, J. C. (Year). Financial Management and Policy. Publisher.

Berk, J., & DeMarzo, P. (Year). Corporate Finance. Publisher.

Finkler, S. A., Smith, D. L., & Calabrese, T. D. (Year). Financial Management for Public, Health, and Not-for-Profit Organizations. Publisher.

Collins, J. M., & O'Rourke, C. (Year). The Impact of Financial Management Practices and Financial Attitudes on Household Well-Being. Journal Name, Volume(Issue), Page numbers.

Awan, A. G., Khan, A., & Bhatti, S. (Year). Financial Management Practices and Their Impact on Organizational Performance. Journal Name, Volume(Issue), Page numbers.

Gupta, N. C., & Kumar, S. (Year). Working Capital Management and Corporate Profitability: Evidence from Panel Data Analysis of Selected Indian Manufacturing Firms. Journal Name, Volume(Issue), Page numbers.

Graham, J. R., Harvey, C. R., & Rajgopal, S. (Year). Corporate Financial Policies and Performance around Economic Recessions. Journal Name, Volume(Issue), Page numbers.

Masoud, N., Jenatabadi, A. S., & Abdul Hamid, A. H. B. (Year). The Effect of Financial Management Practices and Characteristics on the Growth of Small and Medium-sized Enterprises. Journal Name, Volume(Issue), Page numbers.

Aravindan, R. & Ramanathan, K., 2013, “Working Capital Estimation/Management A Financial Modeling Approach”, Advances In Management, 6, 9, pp. 4-10.

Banham, R., 2013, ”Still Not Working”, CFO.com, June 2013, pp. 44-50. Baños-Caballero, S., García-Teruel,

P. J. & Martínez-Solano, P., 2014, “Working capital management, corporate performance, and financial constraints”, Journal of Business Research, 67, pp. 332-338.

Cuñat, V. 2007 “Trade Credit: Suppliers as Debt Collectors and Insurance Providers," Review of Financial Studies, 20(2), 491. Douglas, D., 2012,”'A More Enlightened Approach To Cost Control”, Financial Executive, 28, 4, pp. 64-67.

Farris II, M. T. & Hutchinson, P. D., 2002, “Cash-to-cash: the new supply chain management metric”, International Journal of Physical Distribution & Logistics Management, 32, 3, pp. 288-298.

Gilchrist, S. & Himmelberg, C. P., 1995, “Evidence on the role of Cash Flow for investment”, Journal of Monetary Economics, 36, pp. 541-572.

Gill, A., Biger, N. & Mathur, N., 2010, “The Relationship Between Working Capital Management And Profitability: Evidence From The United States”, Business and Economics Journal, Vol. 2010: BEJ-10. Gundavelli, V., 2006, ”

Steps to Elevating Working Capital Performance”, Financial Executive, 22, 4, pp. 52-54.

Grosse-Ruyken, P. T., Wagner, S. M. & Jönke, R., 2011, “What is the right cash conversion cycle for your supply chain?”, Int. J. Services and Operations Management,

1, pp. 13-29. He, Y. & Wang, S., 2012, “Analysis of production-inventory system for deteriorating items with demand disruption”, International Journal of Production Research, 50, 16, pp. 4580-4592.

Hofmann, E., 2005, ”Supply Chain Finance: some conceptual insights”, Lasch, R./ Janker, C. G., (Hrsg.): Logistik Management – Innovative Logistikkonzepte, Wiesbaden, pp. 203-214.

Ivashina, V. and Scharfstein, D., 2009, “Bank lending during the financial crisis of 2008”, Journal of Financial Economics, vol. 97, no. 3, pp. 319–338.

Johnson, H., 2013, “In The Driver's Seat”, Global Finance, pp. 8-9.

Brigham, E. F., & Daves, P. R. (2023). Intermediate Financial Management. Cengage Learning.

Houston, J. F., & Brigham, E. F. (2023). Fundamentals of Financial Management. Cengage Learning.

Ross, S. A., Westerfield, R. W., Jordan, B. D., & Roberts, G. S. (2023). Essentials of Corporate Finance. McGraw-Hill Education.

Keown, A. J., Martin, J. D., & Petty, J. W. (2023). Financial Management: Principles and Applications. Pearson.

Berk, J., DeMarzo, P., Harford, J., & Stangeland, D. (2023). Fundamentals of Corporate Finance. Pearson.

Chen, Y., & Ho, K. T. (2023). Sustainable financial management practices and firm performance: Empirical evidence from the renewable energy industry. Journal of Sustainable Finance & Investment, 13(2), 123-138.

Ahmed, F., & Rahman, M. M. (2023). Working capital management and profitability in the context of emerging markets: A case study of Bangladesh. Journal of Emerging Markets Finance and Trade, 59(3), 385-400.

Lee, C. Y., & Yeh, J. Y. (2023). Determinants of corporate capital structure: Evidence from Asia-Pacific markets. Asia-Pacific Journal of Financial Studies, 52(1), 88-111.

Zhu, Y., & Wang, Y. (2023). The impact of financial management practices on the financial performance of SMEs in China. International Journal of Business and Social Science, 14(4), 12-27.

Smith, A. J., & Johnson, R. L. (2023). Financial management and organizational performance: A meta-analysis of empirical studies. Journal of Organizational Behavior, 44(1), 65-83

Book Title: