Fundamentals of Corporate Finance: 2026 Release ISE

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. Alan Marcus is the Mario J. Gabelli Professor of Finance in the Carroll School of Management at Boston College. He received his PhD in economics from MIT. Professor Marcus has been a visiting professor at the Athens Laboratory of Business Administration and at MIT's Sloan School of Management and has served as a research associate at the National Bureau of Economic Research. Professor Marcus has published widely in the fields of capital markets and portfolio management. He also spent two years at the Federal Home Loan Mortgage Corporation (Freddie Mac), where he developed models of mortgage pricing and credit risk.He currently serves on the Research Foundation Advisory Board of the CFA Institute. Professor Racculia holds a PhD from Princeton University and is a professor of Finance at Saint Vincent College. He teaches a wide range of classes in Corporate Finance, Investments, and Alternative Assets. He has published in the field of private equity and will focus on the development of online content for the text. Prior to academia, Professor Racculia worked for the Princeton University Investment Company and is a CAIA charter holder.

• Part One: IntroductionChapter 1: Goals and Governance of the CorporationChapter 2: Financial Markets and InstitutionsChapter 3: Accounting and FinanceChapter 4: Measuring Corporate PerformancePart Two: ValueChapter 5: The Time Value of MoneyChapter 6: Valuing BondsChapter 7: Valuing StocksChapter 8: Net Present Value and Other Investment CriteriaChapter 9: Using Discounted Cash-Flow Analysis to Make Investment DecisionsChapter 10: Project AnalysisChapter 11: Introduction to Risk, Return, and the Opportunity Cost of CapitalPart Three: RiskChapter 12: Risk, Return, and Capital BudgetingChapter 13: The Weighted-Average Cost of Capital and Company ValuationPart Four: FinancingChapter 14: Introduction to Corporate FinancingChapter 15: How Corporations Raise Venture Capital and Issue SecuritiesPart Five: Debt and Payout PolicyChapter 16: Debt PolicyChapter 17: Payout PolicyPart Six: Financial Analysis and PlanningChapter 18: Long-Term Financial PlanningChapter 19: Short-Term Financial PlanningChapter 20: Working Capital ManagementPart Seven: Special TopicsChapter 21: Mergers, Acquisitions, and Corporate ControlChapter 22: International Financial ManagementChapter 23: OptionsChapter 24: Risk ManagementPart Eight: ConclusionChapter 25: What We Do and Do Not Know about FinanceAppendixAppendix A: Present Value and Future Value Tables