Essentials of Corporate Finance - Brossura

Ross, Stephen A.; Westerfield, Randolph W; Jordan, Bradford D

Brossura

ISBN 10: 0071107347 ISBN 13: 9780071107341

Casa editrice: McGraw-Hill Higher Education, 2006

Riassunto

Essentials of Corporate Finance, 5/e by Ross, Westerfield, and Jordan is written to convey the most important concepts and principles of corporate finance at a level that is approachable for a wide audience. The authors retain their modern approach to finance, but have distilled the subject down to the essential topics in 18 chapters. They believe that understanding the "why" is just as important, if not more so, than understanding the "how," especially in an introductory course.

Three basic themes emerge as their central focus: 1. An emphasis on intuition—separate and explain the principles at work on a common sense, intuitive level before launching into specifics. Underlying ideas are discussed first in general terms, then followed by specific examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. 2. A unified valuation approach—Net Present Value is treated as the basic concept underlying corporate finance. Every subject the authors cover is firmly rooted in valuation, and care is taken to explain how decisions have valuation effects. 3. A managerial focus—Students learn that financial management concerns management. The role of financial manager as decision maker is emphasized and they stress the need for managerial input and judgment.

Su questo libro

L'autore:

Stephen Ross is presently the Franco Modigliani Professor of Finance and Economics at the Sloan School of Management, Massachusetts Institute of Technology. One of the most widely published authors in finance and economics, Professor Ross is recognized for his work in developing the Arbitrage Pricing Theory and his substantial contributions to the discipline through his research in signaling, agency theory, option pricing, and the theory of the term structure of interest rates, among other topics. A past president of the American Finance Association, he currently serves as an associate editor of several academic and practitioner journals. He is a trustee of CalTech, a director of the College Retirement Equity Fund (CREF), and Freddie Mac. He is also the co-chairman of Roll and Ross Asset Management Corporation.

Contenuti:

Part 1: Overview of Financial Management
1. Introduction to Financial Management

Part 2: Understanding Financial Statements and Cash Flow
2. Financial Statements, Taxes, and Cash Flows
3. Working with Financial Statements

Part 3: Valuation of Future Cash Flows
4. Introduction to Valuation: The Time Value of Money
5. Discounted Cash Flow Valuation

Part 4: Valuing Stocks and Bonds
6. Interest Rates and Bond Valuation
7. Equity Markets and Stock Valuation

Part 5: Capital Budgeting
8. Net Present Value and Other Investment Criteria
9. Making Capital Investment Decisions

Part 6: Risk and Return
10. Some Lessons from Capital Market History
11. Risk and Return

Part 7: Long-Term Financing
12. Cost of Capital
13. Leverage and Capital Structure
14. Dividends and Dividend Policy
15. Raising Capital

Part 8: Short-Term Financial Management
16. Short-Term Financial Planning
17. Working Capital Management

Part 9: Topics in Business Finance
18. International Aspects of Financial Management

Appendices
A. Mathematical Tables
B. Key Equations
D. Using the HP-10B and TI BA II Plus Financial Calculators

Glossary

Name Index

Subject Index

Su questa edizione

• Editore: McGraw-Hill Higher Education
• Data di pubblicazione: 2006
• ISBN 10: 0071107347
• ISBN 13: 9780071107341
• Rilegatura: Copertina flessibile
• Numero edizione: 5