Financial Markets & Corporate Strategy - Rilegato

Grinblatt, Mark; Titman, Sheridan

Rilegato

ISBN 10: 0072294337 ISBN 13: 9780072294330

Casa editrice: McGraw-Hill Education, 2001

Riassunto

The authors began writing the First Edition of this textbook in early 1988. It took almost 10 years to complete this effort, because they did not want to write an ordinary textbook. Their goal was to write a book that would break new ground in both the understanding and explanation of finance and its practice. They wanted to write a book that would influence the way people think about, teach, and practice finance. A book that would elevate the level of discussion and analysis in the classroom, in the corporate boardroom, and in the conference rooms of Wall Street firms. They wanted a book that would sit on the shelves of financial executives as a useful reference manual, long after the executives had studied and received a degree. They were successful in their endeavor.The success of the first edition of Financial Markets and Corporate Strategy was very heartening. The market for this text has expanded every year, and it is well-known as the cutting edge textbook in corporate finance around the world. The book is used in a variety of courses, both for introductory courses and advanced electives. Some schools have even changed their curriculum to design it around this text.The authors have developed this Second Edition based on the comments of many reviewers and colleagues; producing what is a more reader-friendly book. The most consistent comment from users of the first edition was a request for a chapter on the key ingredients of valuation: accounting, cash flows, and basic discounting. This ultimately led to a new chapter in the text, Chapter 9, which is currently available in the "Sample Chapter" section of the book's website.In almost every chapter, examples are updated, vignettes changed, numbers modified, statements checked for currency and historical accuracy, and exercises and examples are either modified or added to. The goal of the Second Edition is to make the book ever more practical, pedagogically effective, and current.

Su questo libro

L'autore:

University of California at Los Angeles, Ph.D. Yale Mark Grinblatt is Professor of Finance at UCLAs Anderson School, where he currently serves as chair of the Finance area, and where he began his career in 1981. He is also a director on the board of Salomon Swapco, Inc., a consultant to numerous firms, and serves as an associate editor of Journal of Financial and Quantitative Analysis. From 1987 to 1989, Professor Grinblatt was a visiting professor at the Wharton School and while on leave from UCLA in 1989 and 1990, he was a vice-president for Salomon Brothers, Inc., valuing complex derivatives for the fixed income arbitrage trading group in the firm. Professor Grinblatt is a noted teacher at UCLA, having been awarded teacher of the year in 1993 for UCLAs Fully-Employed MBA Program by a vote of the students. This award was based on his teaching of a course designed around early drafts of this textbook. Professor Grinblatts areas of expertise include investments, performance evaluation of fund managers, fixed income markets, corporate finance and derivatives.

Contenuti:

Part I. Financial Markets and Financial Instruments 1. Raising Capital 2. Debt Financing 3. Equity Financing Part II. Valuing Financial Assets 4. The Mathematics and Statistics of Portfolios 5. Mean-Variance Analysis and the Capital Asset Pricing Model 6. Factor Models and the Arbitrage Pricing Theory 7. Pricing Derivatives 8. Options Part III. Valuing Real Assets 9. Discounting and Valuation 10. Investing in Riskless Projects 11. Investing in Risky Projects 12. Allocating Capital and Corporate Strategy 13. Corporate Taxes and the Impact of Financing On Real Asset Valuation Part IV. Capital Structure 14. How Taxes Affect Financing Choices 15. How Taxes Affect Dividends and Share Repurchases 16. Bankruptcy Costs and Debt Holder-Equity Holder Conflicts 17. Capital Structure and Corporate Strategy Part V. Incentives, Information, and Corporate Control 18. How Managerial Incentives Affects Financial Decisions 19. The Information Conveyed by Financial Decisions 20. Mergers and Acquisitions Part VI. Risk Management 21. Risk Management and Corporate Strategy 22. The Practice of Hedging 23. Interest Rate Risk Management Appendix A. Interest Rate Mathematics Appendix B. Mathematical Tables

Su questa edizione

• Editore: McGraw-Hill Education
• Data di pubblicazione: 2001
• ISBN 10: 0072294337
• ISBN 13: 9780072294330
• Rilegatura: Copertina rigida
• Numero edizione: 2
• Numero di pagine: 880