An excellent textbook not only reflects the state of the art in a given discipline, but also addresses the needs of learners and inspires them. To match up to these expectations, any major textbook is peer-reviewed by renowned researchers and instructors alike. Academic presses meticulously select their reviewers in order to produce the highest quality on an international level.

Professor Dr. Hanno Pöschl, MBA, who heads LBS’s BFC and IML master’s programs and has a longstanding track record of teaching corporate finance, was invited by Cengage to review the Europe, Middle East and Africa Edition of Brigham, Ehrhardt and Fox’s standard reference Financial Management: Theory and Practice.

In seven parts, the textbook engages with core themes in finance such as the company’s reporting environment, fixed income securities and valuation, shares and derivatives, projects and their valuation, corporate governance issues, financial decisions, and the international financial environment. The text addresses university students and also practitioners who are interested in the thinking behind financial concepts. Based on the very successful 14th U.S. edition, substantial adjustments were introduced to meet the preferences of the European reader (e.g. multicurrency finance).

In the blurb Professor Pöschl states that “Financial Management: Theory and Practice is one of the outstanding texts in the field of financial education. It strikes an excellent balance between accessibility and depth and is therefore equally well suited for undergraduate and graduate studies. It delivers what it promises on the front cover: thorough expertise in financial management and a real integration of theory and practice – something that is hard to find.”

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