Stephen A. Ross, Massachusetts Institute of Technology, Randolph W. Westerfield, University of Southern California, Bradford D. Jordan, University of Kentucky, Gordon S. Roberts, Schulich School of Business, York University.
pt. 1. Overview of Corporate Finance -- 1. Introduction to Corporate Finance -- 2. Financial Statements, Cash Flow, and Taxes -- -- pt. 2. Financial Statements and Long-Term Financial Planning -- 3. Working with Financial Statements -- 4. Long-Term Financial Planning and Corporate Growth -- -- pt. 3. Valuation of Future Cash Flows -- 5. Introduction to Valuation : The Time Value of Money -- 6. Discounted Cash Flow Valuation -- 7. Interest Rates and Bond Valuation -- 8. Stock Valuation -- -- pt. 4. Capital Budgeting -- 9. Net Present Value and Other Investment Criteria -- 10. Making Capital Investment Decisions -- 11. Project Analysis and Evaluation -- -- pt. 5. Risk and Return -- 12. Lessons from Capital Market History -- 13. Return, Risk, and the Security Market Line -- -- pt. 6. Cost of Capital and Long-Term Financial Policy -- 14. Cost of Capital -- 15. Raising Capital -- 16. Financial Leverage and Capital Structure Policy -- 17. Dividends and Dividend Policy -- -- pt. 7. Short-Term Financial Planning and Management -- 18. Short-Term Finance and Planning -- 19. Cash and Liquidity Management -- 20. Credit and Inventory Management -- -- pt. 8. Topics in Corporate Finance -- 21. International Corporate Finance -- 22. Leasing -- 23. Mergers and Acquisitions -- -- pt. 9. Derivative Securities and Corporate Finance -- 24. Enterprise Risk Management -- 25. Options and Corporate Securities -- 26. Behavioral Finance : Implications for Financial Management.
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SUMMARY OR ABSTRACT
Text of Note
"A Managerial Focus. Students will not lose sight of the fact that financial management concerns management. Throughout the text, the role of the financial manager as decision maker is emphasized, and the need for managerial input and judgment is stressed. 'Black box' approaches to finance are consciously avoided.
Text of Note
"A Unified Valuation Approach. We treat net present value (NPV) as the basic concept underlying corporate finance. Many texts stop well short of consistently integrating this important principle. The most basic notion - that NPV represents the excess of market value over cost - tends to get lost in an overly mechanical approach to NPV that emphasizes computation at the expense of understanding. Every concept covered is firmly rooted in valuation, and care is taken throughout the text to explain how particular decisions have valuation effects.
Text of Note
"An Emphasis on Intuition. We are always careful to separate and explain the principles at work on an intuitive level before launching into any specifics. The underlying ideas are discussed first in very general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation.
Text of Note
"Fundamentals of Corporate Finance continues on its tradition of excellence that has earned it its status as a market leader. The rapid and extensive changes in financial markets and instruments, has placed new burdens on the teaching of Corporate Finance in Canada. As a result, every chapter has been updated to provide the most current examples that reflect Corporate Finance in today's world. Our text is written with one strongly held principle that Corporate Finance should be developed and taught in terms of a few integrated powerful ideas - Emphasis on Intuition, Unified Valuation Approach and Managerial Emphasis.
Text of Note
"These three themes work together to provide a sound foundation, and a practical and workable understanding of how to evaluate and make financial decisions."--Publisher description.