Fundamentals of Corporate Finance

The late Stephen A. Ross was 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 was known for his work in developing the Arbitrage Pricing Theory as well as his substantial contributions to the discipline through his research on 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 also served as an associate editor of various academic and practitioner journals. He was a trustee of CalTech.  MARK CHRISTENSEN has a long standing interest in both applied and theoretical issues in corporate finance. He had had extensive experience teaching all levels of corporate finance at the Queensland University of Technology and for numerous National and International institutes and professional bodies. He has a practical and interactive approach to learning and he helps understanding by developing concepts in a logical and easy to follow manner - this approach flows through to the text. Mark regularly consults in both the private and government sectors in the areas of discounted cash flow analysis, financial management, WACC and beta estimation. His applied research interests also extend to corporate valuation and risk management. He has a keen interest in finance education and regularly speaks to the broader community to further the understanding of corporate finance.

PART 1

Chapter: 1 Introduction to corporate finance

Chapter: 2 Financial statements, taxes and cash flow

PART 2

Chapter: 3 Working with financial statements

Chapter: 4 Long-term financial planning and corporate growth

PART 3

Chapter: 5 First principles of valuation: TVM

Chapter: 6 Valuing shares and bonds

PART 4

Chapter: 7 Net present value and other investment criteria

Chapter: 8 Making capital investment decisions

Chapter: 9 Project analysis and evaluation

PART 5

Chapter: 10 Lessons from capital market history

Chapter: 11 Return, risk and the SML

PART 6

Chapter: 12 Current investment decisions

Chapter: 13 Working capital management

Chapter: 14 Australian financial markets and liquidity management

PART 7

Chapter: 15 Long-term financing

Chapter: 16 Capital raising and the primary market

PART 8

Chapter: 17 Shareholder value and the cost of capital

Chapter: 18 Rewarding shareholders: setting dividend policy

Chapter: 19 Financial leverage and capital structure policy

PART 9

Chapter: 20 Derivative securities

Chapter: 21 International corporate finance