Jonathan Berk, Stanford University, is the A.P. Giannini Professor of Finance at the Graduate School of Business, Stanford University and is a Research Associate at the National Bureau of Economic Research. Prior to earning his PhD, he worked as an Associate at Goldman Sachs (where his education in finance really began). Professor Berk's research interests in finance include corporate valuation, capital structure, mutual funds, asset pricing, experimental economics, and labor economics. Peter DeMarzo, Stanford University, is the Mizuho Financial Group Professor of Finance and former Senior Associate Dean for Academic Affairs at the Stanford Graduate School of Business. He is also a Research Associate at the National Bureau of Economic Research. He currently teaches MBA and PhD courses in corporate finance and financial modeling. In addition to his experience at the Stanford Graduate School of Business, Professor DeMarzo has taught at the Haas School of Business and the Kellogg Graduate School of Management, and he was a National Fellow at the Hoover Institution. Jarrad Harford, University of Washington, is the Marion B. Ingersoll Professor of Finance at the University of Washington. Prior to Washington, Professor Harford taught at the Lundquist College of Business at the University of Oregon. He received his PhD in Finance with a minor in Organizations and Markets from the University of Rochester. Harford has taught the core undergraduate finance course, Business Finance, for over sixteen years, as well as an elective in mergers and acquisitions, and "Finance for Non-financial Executives" in the executive education program.
PART 1: Introduction
1. Corporate Finance and the Financial Manager
2. Introduction to Financial Statement Analysis
PART 2: Interest Rates and Valuing Cash Flows
3. Time Value of Money: An Introduction
4. Time Value of Money: Valuing Cash Flow Streams
5. Interest Rates
6. Bonds
7. Stock Valuation
PART 3: Valuation and the Firm
8. Investment Decision Rules
9. Fundamentals of Capital Budgeting
10. Stock Valuation: A Second Look
PART 4: Risk and Return
11. Risk and Return in Capital Markets
12. Systematic Risk and the Equity Risk Premium
13. The Cost of Capital
PART 5: Long-Term Financing
14. Raising Equity Capital
15. Debt Financing
PART 6: Capital Structure and Payout Policy
16. Capital Structure
17. Payout Policy
PART 7: Financial Planning and Forecasting
18. Financial Modeling and Pro Forma Analysis
19. Working Capital Management
20. Short-Term Financial Planning
PART 8: Special Topics
21. Option Applications and Corporate Finance
22. Mergers and Acquisitions
23. International Corporate Finance