BUSF_A01.qxd

Glossary Forward (foreign exchange) rate The rate of ex- change between two currencies where the foreign exchange transaction is ...

Glossary receiving cash from customers. It is used to assess the amount invested in working capital. (p. 353) Operating gearing ...

Glossary of its effective life. It is a means of raising finance. (p. 244) Satisficing A business objective that seeks to provid ...

Glossary Takeover A business amalgamation where one busi- ness buys sufficient shares in another business to control it. Also kn ...

References Atrill, P. F., McLaney, E. J. and Pointon, J. (1997). The effect of simplifying approximations on the invest- ment de ...

References Boardman, C. M., Reinhart, W. J. and Celec, S. E. (1982). The role of the payback method in the theory and applicatio ...

References Dimson, E., Marsh, P. and Staunton, M. (2002). Global evidence on the equity risk premium. Available at http://facult ...

References Grullon, G. and Michaely, R. (2002). Dividends, repur- chase and the substitution hypothesis. Journal of Finance(Augu ...

References markets. Journal of Business Finance and Accounting (September/October). Mehrotra, V., Mikkelson, W. and Partch, M. ( ...

References Scapens, R. W., Sale, J. T. and Tikkas, P. A. (1982). Financial Control of Divisional Capital Investment (Chartered I ...

Index assets definition and valuation of 46 –7 tendency towards overstatement of 52 Associated British Foods (ABF) plc 129, 354 ...

Index capital gains tax 223, 331 capital gearing 59 – 60, 67, 306 –7, 315 –17, 500 determinants of 315 capital market line (CML) ...

Index Draper, P. 399 Drury, C. 121, 243 Dryden, M.M. 263 DuPont Corporation 129 earnings of companies seeprofits earnings per sh ...

Index inflation 47, 81, 120 –1, 144, 380, 502 forecasts of 121 hedging against 223 initial public offerings (IPOs) 225 –9, 502 i ...

Index Mehrotra, V. 314 Memoranda of Association 8 mergers 388 – 400, 403, 502 appraisals of 394 financing of 391– 4 hostileand f ...

Index Rao, R. 336 Rappaport, A. 137 ratio analysis 53 – 67, 221 caution in interpretation of 63 limitations of 64 –5 for managem ...

Index Stock Exchange Automated Quotations (SEAQ) system 254 –5 Stock Exchange Electronic Trading System (SETS) 255 stock in trad ...