McGraw-Hill International Editions

1 total work

Corporate Finance

by Stephen A Ross, Randolph Westerfield, and Jeffrey Jaffe

Published 1 January 1988

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.