Series:

McGraw-Hill/Irwin Series in Finance, Insurance & Real Estate

2 total works

Cover of Essentials of Corporate Finance
Essentials of Corporate Finance, 7th edition by Ross, Westerfield, and Jordan is written to convey the most important concepts and principles of corporate finance at a level that is approachable for a wide audience. The authors retain their modern approach to finance, but have distilled the subject down to the essential topics in 18 chapters. They believe that understanding the “why” is just as important, if not more so, than understanding the “how,” especially in an introductory course. Three basic themes emerge as their central focus:

1. An emphasis on intuition&#8211separate and explain the principles at work on a common sense, intuitive level before launching into specifics. Underlying ideas are discussed first in general terms, then followed by specific examples that illustrate in more concrete terms how a financial manager might proceed in a given situation.

2. A unified valuation approach&#8211Net Present Value is treated as the basic concept underlying corporate finance. Every subject the authors cover is firmly rooted in valuation, and care is taken to explain how decisions have valuation effects.

3. A managerial focus&#8211Students learn that financial management concerns management. The role of financial manager as decision maker is emphasised and they stress the need for managerial input and judgment.

Cover of Corporate Finance
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.