With an emphasis on the fundamentals of finance theory, this text uses intuitions of arbitrage, net present value, efficient markets and options to present corporate finance as the working of a small number of integrated and powerful intuitions. The basic intuitions are illustrated by events such as incorporation, the initial public offering, the initial dividend, a merger and/or acquisition, recapitalization and bankruptcy. This edition includes expanded coverage of derivatives and hedging using derivatives, IPC activity, Altman's bankruptcy predictor model, and how inflation and growth opportunities produce optimal capital structure.
  • ISBN10 0071124217
  • ISBN13 9780071124218
  • Publish Date 8 March 2002 (first published 1 January 1988)
  • Publish Status Active
  • Publish Country GB
  • Publisher McGraw-Hill Education - Europe
  • Imprint McGraw-Hill Education (ISE Editions)
  • Edition 7th Revised edition
  • Language English