Fundamentals of Corporate Finance

Jonathan Berk, Stanford University, is the A.P. GianniniProfessor of Finance at the Graduate School of Business, Stanford Universityand is a Research Associate at the National Bureau of Economic Research. Priorto earning his PhD, he worked as an Associate at Goldman Sachs (where hiseducation in finance really began). Professor Berk's research interests infinance include corporate valuation, capital structure, mutual funds, assetpricing, experimental economics, and labor economics. Peter DeMarzo, Stanford University, is the Mizuho FinancialGroup Professor of Finance and former Senior Associate Dean for AcademicAffairs at the Stanford Graduate School of Business. He is also a ResearchAssociate at the National Bureau of Economic Research. He currently teaches MBAand PhD courses in corporate finance and financial modeling. In addition to hisexperience at the Stanford Graduate School of Business, Professor DeMarzo hastaught at the Haas School of Business and the Kellogg Graduate School ofManagement, and he was a National Fellow at the Hoover Institution. JarradHarford, University of Washington, is the Marion B. IngersollProfessor of Finance at the University of Washington. Prior to Washington,Professor Harford taught at the Lundquist College of Business at the Universityof Oregon. He received his PhD in Finance with a minor in Organizations andMarkets from the University of Rochester. Harford has taught the coreundergraduate finance course, Business Finance, for over 16 years, as well asan elective in mergers and acquisitions, and "Finance for Non-financialExecutives" in the executive education program.

PART 1:INTRODUCTION 1. CorporateFinance and the Financial Manager 2.Introduction to Financial Statement Analysis PART 2:INTEREST RATES AND VALUING CASH FLOWS 3. Time Valueof Money: An Introduction 4. Time Valueof Money: Valuing Cash Flow Streams 5. InterestRates 6. Bonds 7. StockValuation PART 3:VALUATION AND THE FIRM 8. InvestmentDecision Rules 9.Fundamentals of Capital Budgeting 10. StockValuation: A Second Look PART 4: RISKAND RETURN 11. Risk andReturn in Capital Markets 12. SystematicRisk and the Equity Risk Premium 13. The Costof Capital PART 5:LONG-TERM FINANCING 14. RaisingEquity Capital 15. DebtFinancing PART 6:CAPITAL STRUCTURE AND PAYOUT POLICY 16. CapitalStructure 17. PayoutPolicy PART 7:FINANCIAL PLANNING AND FORECASTING 18. FinancialModeling and Pro Forma Analysis 19. WorkingCapital Management 20. Short-TermFinancial Planning PART 8:SPECIAL TOPICS 21. OptionApplications and Corporate Finance 22. Mergersand Acquisitions 23.International Corporate Finance CHAPTERS ONTHE WEB 1. Leasing 2. Insuranceand Risk Management 3. CorporateGovernance