Compilation, original and editorial material © 2006 The Open University. All rights reserved.

First edition published 1998

This second edition published in 2006 by John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester,

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Library of Congress Cataloging-in-Publication Data

Financial strategy / edited by Janette Rutterford, Martin Upton, and Devendra Kodwani. – 2nd ed.

       p. cm.

  Includes bibliographical references and index.

  ISBN 0-470-01655-8 (cloth : alk. paper) – ISBN 0-470-01656-6 (pbk. : alk. paper)

   1. Corporations – Finance. 2. Corporations – Accounting. 3. Value added. I. Rutterford, Janette. II. Upton, Martin. III. Kodwani, Devendra.

   HG4026.F513 2006

   658.15 – dc22

2005035000

British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN-13 978-0-470-01655-8 (cloth)

ISBN-10 0-470-01655-8 (cloth)

ISBN-13 978-0-470-01656-5 (paperback)

ISBN-10 0-470-01656-6 (paperback)

Typeset in Times New Roman 11/12pt by SNP Best-set Typesetter Ltd., Hong Kong

Printed and bound in Great Britain by Antony Rowe Ltd, Chippenham, Wiltshire

This book is printed on acid-free paper responsibly manufactured from sustainable forestry in which at least two trees are planted for each one used for paper production.