About the Author. Professor I M Pandey is Director General at Delhi School of Business and Vivekanand Institute of Professional Studies, Delhi. He was formerly.
Financial Management, 11th Edition. Front Cover. Pandey I.M. Vikas Publishing House Pvt Limited, 2015 - Business.
JPDF | I.M. Pandey (Ed.), Financial Management, Eleventh Edition. India: Vikas Publishing House, 2015, 946 pp., ISBN: 978-8125937142.
I M Pandey. Vikas Publishing House, 1999 - Business enterprises - 1250 pages. 1 Review.
The book highlights the modern, analytical approach to corporate finance decision-making. Its aim is: to help readers develop a thorough understanding of the.
Title, Financial Management. Author, I. M. Pandey. Edition, 10. Publisher, Vikas Publishing House Pvt Limited, 2010. ISBN, 8125937145, 9788125937142.
Financial Management. Front Cover. I. M. Pandey. Vikas Publishing House, 1979 - Business enterprises - 549 pages. 3 Reviews.
Financial Management (English, Mixed media product, Pandey I.M.). 4.4. 200 Ratings & 16 Reviews.
Financial Management [Pandey, I.M.] on Amazon.com. FREE shipping on qualifying offers. Financial Management.
I M Pandey's Financial Management is out now in its 10th Edition. This much talked about book of I M Pandey demonstrates that the subject of finance is simple.
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Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.
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From Financial Management
Payback (equal inflows) = Initial outlay / Annual inflow
= 1,00,000 / 25,000 = 4 years.
With corporate taxes, interest is tax deductible, creating an interest tax shield.
Flow: More debt → more interest → tax saving → higher cash flows to investors → higher firm value.
Thus, MM (with tax) suggests debt can increase value due to tax shield benefit.
Residual dividend policy pays dividends only after financing all acceptable investments from retained earnings.
Earnings → fund equity portion of capital budget → remaining earnings = residual → dividend from residual
Residual policy supports growth funding but may not suit firms aiming for stable dividends.