Fundamentals of Corporate Finance

Prof Stephen A. Ross, Rowan Trayler, Gerhard Hambusch, Charles Koh, Prof Kristoffer Glover (Autoren)

Buch | Softcover

984 Seiten

2021 | 8th Revised edition
McGraw-Hill Education / Australia (Verlag)
978-1-74376-805-1 (ISBN)

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Fundamentals of Corporate Finance 8e combines an applied introduction of concepts, with a clear and strong focus on learning outcomes. Based on the principle that students’ understanding of corporate finance should be developed in terms of a few integrated and powerful ideas, it has 3 basic themes at its core:

1. An emphasis on intuition: It separates and explains key principles on a common-sense, intuitive level before launching into specifics. The intuitive organisation of chapters also means that traditionally ‘more-difficult’ topics arise as a natural extension to the work that has gone before.

2. A unified valuation approach: Net present value (NPV) is treated as the basic concept underlying corporate finance.

3. A managerial focus: It emphasises the role of the financial manager as a decision maker, and the need for managerial input and judgement is stressed.

Up-to-date examples and cases in all chapters make the 8th edition a comprehensive manual of applied financial management, covering financial hot topics and focus areas, as well as a historic overview of developments in (and lessons learned from) equity and debt markets. Cases focusing on well-known ANZ and international companies show how recognisable organisations put corporate finance into practice, and how real-world events such as the COVID-19 pandemic affect some of their corporate finance decisions. This new edition is even more flexible than its predecessors, offering flexibility of coverage to unit coordinators in designing their courses.

Randolph W. Westerfield is Dean Emeritus of the University of Southern Californias Marshall School of Business and is the Charles B. Thornton Professor of Finance Emeritus. Professor Westerfield came to USC from the Wharton School, University of Pennsylvania, where he was the chairman of the finance department and member of the finance faculty for 20 years. He is a member of the Board of Trustees of Oaktree Capital Mutual Funds. His areas of expertise include corporate financial policy, investment management, and stock market price behavior. Bradford D. Jordan is Visiting Scholar at the University of Florida. He previously held the duPont Endowed Chair in Banking and Financial Services at the University of Kentucky, where he was department chair for many years. He specializes in corporate finance and securities valuation. He has published numerous articles in leading finance journals, and he has received a variety of research awards, including the Fama/DFA Award in 2010.Dr. Jordan is coauthor of Corporate Finance 13e, Corporate Finance: Core Principles and Applications 7e, Fundamentals of Corporate Finance 13e, and Essentials of Corporate Finance 1le, which collectively are the most widely used business finance textbooks in the world, along with Fundamentals of Investments: Valuation and Management 10e, a popular investments text.

Part 1: Overview of Corporate Finance
1. Introduction to Corporate Finance
2. Financial Statements, Taxes, and Cash Flow

Part 2: Financial Statements and Long-Term Financial Planning
3. Working with Financial Statements
4. Long-Term Financial Planning and Growth

Part 3: Valuation of Future Cash Flows
5. Introduction to Valuation: The Time Value of Money
6. Discounted Cash Flow Valuation
7. Interest Rates and Bond Valuation
8. Stock Valuation

Part 4: Capital Budgeting
9. Net Present Value and Other Investment Criteria
10. Making Capital Investment Decisions
11. Project Analysis and Evaluation

Part 5: Risk and Return
12. Some Lessons from Capital Market History
13. Return, Risk, and the Security Market Line

Part 6: Cost of Capital and Long-Term Financial Policy
14. Cost of Capital
15. Raising Capital
16. Financial Leverage and Capital Structure Policy
17. Dividends and Payout Policy

Part 7: Short-Term Financial Planning and Management
18. Short-Term Finance and Planning
19. Cash and Liquidity Management
20. Credit and Inventory Management

Part 8: Topics in Corporate Finance
21. International Corporate Finance
22. Behavioural Finance: Implications for Financial Management
23. Enterprise Risk Management
24. Options and Corporate Finance
25. Option Valuation
26. Mergers and Acquisitions
27. Leasing

Erscheinungsdatum	14.09.2021
Sprache	englisch
Maße	215 x 275 mm
Gewicht	2025 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-10	1-74376-805-2 / 1743768052
ISBN-13	978-1-74376-805-1 / 9781743768051
Zustand	Neuware