In the wake of fast changing economic landscape - characterized by global financial crisis, volatile equity and bond markets, rising dominance of emerging markets and increasing investor activism - the role of financial managers in an organisation has assumed significant importance.

This text aims at educating students in the fundamentals of corporate finance, and explains how various theories can be applied for efficient decision making by financial managers. The book has a practical approach, and explores various topics in a step-by-step approach, backed by numerous examples, self-test exercises and India-centric case studies. The complex financial concepts of capital structure, risk and return analysis, valuation of financial securities, market efficiency and portfolio management are explained in an easy to understand manner.