9780073405100 alkaline paper 0073405108 alkaline paper 9780073368696 0073368695 0071263276 0071266755 9780071263276 9780071266758
McGraw-Hill/Irwin series in finance, insurance, and real estate.
Principles of Corporate Finance is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book the authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. The text is comprehensive, authoritative, and modern and yet the material is presented at a common sense level. The discussions and illustrations are unique due to the depth of detail blended with a distinct sense of humor for which the book is well known and highly regarded. This text is a valued reference for thousands of practicing financial managers.
Bibliography, etc. Note
Includes bibliographical references and indexes.
Formatted Contents Note
Finance and the financial manager Present values, the objective of the firm, and corporate governance How to calculate present values Valuing bonds The value of common stocks Why net present value leads to better investment decisions than other criteria Making investment decisions with the net present value rule Introduction to risk, return, and the opportunity cost of capital Risk and return Capital budgeting and risk Project analysis Investment, strategy, and economic rents Agency problems, management compensation, and the measurement of performance Efficient markets and behavioral finance An overview of corporate financing How corporations issue securities Payout policy Does debt policy matter? How much should a firm borrow? Financing and valuation Understanding options Valuing options Real options Credit risk and the value of corporate debt The many different kinds of debt Leasing Managing risk Managing international risks Financial analysis and planning Working capital management Short-term financial planning Mergers Corporate restructuring Governance and corporate control around the world Conclusion: What we do and do not know about finance.