ISE Principles of Corporate Finance

Häftad, Engelska, 2019

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Beskrivning

Brealey, Principles of Corporate Finance, 13e, describes the theory and practice of corporate finance. We hardly need to explain why financial managers have to master the practical aspects of their job, but we should spell out why down-to-earth managers need to bother with theory. Throughout this book, we show how managers use financial theory to solve practical problems. Much of this book is concerned with understanding what financial managers do and why. But we also say what financial managers should do to increase company value.Some of the biggest changes in this edition were prompted by the tax changes enacted in the U.S. Tax Cuts and Jobs Act passed in December 2017. In the current edition, we have also continued to augment the international content as well as a number of chapters that have been thoroughly rewritten. For example, the material on agency issues in Chapter 12 has been substantially revised. Chapter 13 on market efficiency and behavioral finance is now fresher and more up to date. Chapter 23 on credit risk focuses more on the practical issues of forecasting default probabilities.

Produktinformation

Utgivningsdatum:2019-02-28
Mått:193 x 249 x 38 mm
Vikt:1 388 g
Format:Häftad
Språk:Engelska
Upplaga:13
Förlag:McGraw-Hill Education
ISBN:9781260565553

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap

Mer om författaren

Richard A. Brealey - Emeritus Professor of Finance at London Business School. He is the former president of the European Finance Association and a former director of the American Finance Association. He is a fellow of the British Academy and has served as a special adviser to the Governor of the Bank of England and director of a number of financial institutions. Other books written by Professor Brealey include Introduction to Risk and Return from Common Stocks. Stewart C. Myers - Emeritus Professor of Financial Economics at MIT’s Sloan School of Management. He is past president of the American Finance Association, a research associate at the National Bureau of Economic Research, a principal of the Brattle Group Inc., and a retired director of Entergy Corporation. His research is primarily concerned with the valuation of real and financial assets, corporate financial policy, and financial aspects of government regulation of business. He is the author of influential research papers on many topics, including adjusted present value, rate of return regulation, pricing and capital allocation in insurance, real options, and moral hazard and information issues in capital structure decisions. Franklin Allen - Professor of Finance and Economics, Imperial College London, and Emeritus Nippon Life Professor of Finance at the Wharton School of the University of Pennsylvania. He is past president of the American Finance Association, Western Finance Association, Society for Financial Studies, Financial Intermediation Research Society, and Financial Management Association. His research has focused on financial innovation, asset price bubbles, comparing financial systems, and financial crises. He is Director of the Brevan Howard Centre for Financial Analysis at Imperial College Business School.

Innehållsförteckning

Table of ContentsPart One: ValueCh. 1 Introduction to Corporate FinanceCh. 2 How to Calculate Present ValuesCh. 3 Valuing BondsCh. 4 The Value of Common StocksCh. 5 Net Present Value and Other Investment CriteriaCh. 6 Making Investment Decisions with the Net Present Value RulePart Two: RiskCh. 7 Introduction to Risk and ReturnCh. 8 Portfolio Theory and the Capital Asset Pricing ModelCh. 9 Risk and the Cost of CapitalPart Three: Best Practices in Capital BudgetingCh. 10 Project AnalysisCh. 11 How to Ensure that Projects Truly Have Positive NPVsCh. 12 Agency Problems and InvestmentPart Four: Financing Decisions and Market EfficiencyCh. 13 Efficient Markets and Behavioral FinanceCh. 14 An Overview of Corporate FinancingCh. 15 How Corporations Issue SecuritiesPart Five: Payout Policy and Capital StructureCh. 16 Payout PolicyCh. 17 Does Debt Policy Matter?Ch. 18 How Much Should a Corporation BorrowCh. 19 Financing and ValuationPart Six: OptionsCh. 20 Understanding OptionsCh. 21 Valuing OptionsCh. 22 Real OptionsPart Seven: Debt FinancingCh. 23 Credit Risk and the Value of Corporate DebtCh. 24 The Many Different Kinds of DebtCh. 25 LeasingPart Eight: Risk ManagementCh. 26 Managing RiskCh. 27 Managing International RisksPart Nine: Financial Planning and Working Capital ManagementCh. 28 Financial AnalysisCh. 29 Financial PlanningCh. 30 Working Capital ManagementPart Ten: Mergers, Corporate Control, and GovernanceCh. 31 MergersCh. 32 Corporate RestructuringCh. 33 Governance and Corporate Control around the WorldPart Eleven: ConclusionCh. 34 Conclusion: What We Do and Do Not Know about Finance