Corporate Finance, Global Edition

For programs using a text in a two-semester course, this book highlights how core financial principles can improve individual financial decision making.

• Connects theory to practice Shows students how three major topics (corporate finance, investments and valuation) are connected by using 'The Law of One Price' as a framework throughout the text.
• Balanced approach Uses both time-tested and modern principles with the practical perspective of a financial manager, offering students the tools to make sound financial decisions.
• Practical study aids Designed to help students master core concepts and learn to identify and solve problems faced by today's practitioners.

Think Finance" from theory to practice, and study core modern financial principles to improve your decision-making skills.

Auteur

Jonathan Berk is the A.P. Giannini Professor of Finance at the Graduate School of Business, Stanford University, and is a Research Associate at the National Bureau of Economic Research.

Before coming to Stanford, he was the Sylvan Coleman Professor of Finance at Hans School of Business at the University of California, Berkeley. Prior to earning his Ph.D., he worked as an Associate at Goldman Sachs (where his education in finance really began).

Peter DeMarzo is the Staehelin Family Professor of Finance at the Graduate School of Business, Stanford University.

He is the current President of the American Finance Association and a Research Associate at the National Bureau of Economic Research. He teaches MBA and Ph.D. courses in Corporate Finance and Financial Modeling.

Texte du rabat

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.

For MBA/graduate students taking a course in corporate finance.

An emphasis on modern theory blended with practice elevates studentsGÇÖ financial decision making

Using the valuation framework based on the Law of One Price, top researchers Jonathan Berk and Peter DeMarzo have set the new canon for corporate finance textbooks. Corporate Finance, 5th Edition blends coverage of time-tested principles and the latest advancements with the practical perspective of the financial manager. Students have the opportunity to GÇ£practice finance to learn financeGÇ¥ by solving quantitative business problems like those faced by todayGÇÖs professionals. With built-in resources to help students master the core concepts, students develop the tools they need to make sound financial decisions in their careers.

For a streamlined book specifically tailored to the topics covered in the first one-semester course, Corporate Finance: The Core, 5th Edition is also available by Jonathan Berk and Peter DeMarzo.

MyLab Finance is not included. Students, if MyLab Finance is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab Finance should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Reach every student by pairing this text with MyLab Finance MyLabGäó is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

Contenu
PART 1: INTRODUCTION

1. The Corporation and Financial Markets
2. Introduction to Financial Statement Analysis

3. Financial Decision Making and the Law of One Price PART II: TIME, MONEY, AND INTEREST RATES

4. The Time Value of Money
5. Interest Rates

6. Valuing Bonds PART III: VALUING PROJECTS AND FIRMS

7. Investment Decision Rules
8. Fundamentals of Capital Budgeting

9. Valuing Stocks PART IV: RISK AND RETURN

10. Capital Markets and the Pricing of Risk
11. Optimal Portfolio Choice and the Capital Asset Pricing Model
12. Estimating the Cost of Capital

13. Investor Behavior and Capital Market Efficiency PART V: CAPITAL STRUCTURE

14. Capital Structure in a Perfect Market
15. Debt and Taxes
16. Financial Distress, Managerial Incentives, and Information

17. Payout Policy PART VI: ADVANCED VALUATION

18. Capital Budgeting and Valuation with Leverage

19. Valuation and Financial Modeling: A Case Study PART VII: OPTIONS

20. Financial Options
21. Option Valuation

22. Real Options PART VIII: LONG-TERM FINANCING

23. Raising Equity Capital
24. Debt Financing

25. Leasing PART IX: SHORT-TERM FINANCING

26. Working Capital Management

27. Short-Term Financial Planning PART X: SPECIAL TOPICS

28. Mergers and Acquisitions
29. Corporate Governance
30. Risk Management
31. International Corporate Finance