Corporate Finance: 2025 Release ISE

Häftad, Engelska, 2025

Av Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan, Kelly Shue

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Corporate Finance, by Ross, Westerfield, Jaffe, Jordan, was written for the corporate finance course at the MBA level and the intermediate course in many undergraduate programs. The text emphasizes the modern fundamentals of the theory of finance while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application.

Produktinformation

Utgivningsdatum2025-03-27
Vikt1 571 g
FormatHäftad
SpråkEngelska
Upplaga14
FörlagMcGraw-Hill Education
ISBN9781266961007

Stephen A. Ross was the Franco Modigliani Professor of Financial 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, along with 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 also served as an associate editor of several academic and practitioner journals, and was a trustee of CalTech. Randolph W. Westerfield is Dean Emeritus of the University of Southern California’s 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. Jeffrey F. Jaffe has been a frequent contributor to finance and economic literature in such journals as the Quarterly Economic Journal, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Financial Economics, and The Financial Analysts Journal. His best-known work concerns insider trading, where he showed both that corporate insiders earn abnormal profits from their trades and that regulation has little effect on these profits. He has also made contributions concerning initial public offerings, the regulation of utilities, the behavior of market makers, the fluctuation of gold prices, the theoretical effect of inflation on the interest rate, the empirical effect of inflation on capital asset prices, the relationship between small-capitalization stocks and the January effect, and the capital structure decision. 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 ONE: OVERVIEW1. Introduction to Corporate Finance 2. Financial Statements and Cash Flow3. Financial Statements Analysis and Financial ModelsPART TWO: VALUATION AND CAPITAL BUDGETING4. Discounted Cash Flow Valuation5. Net Present Value and Other Investment Rules6. Making Capital Investment Decisions7. Risk Analysis, Real Options, and Capital Budgeting8. Interest Rates and Bond Valuation9. Stock ValuationPART THREE: RISK10. Lessons from Market History11. Return, Risk, and the Capital Asset Pricing Model12. An Alternative View of Risk and Return13. Risk, Cost of Capital, and ValuationPART FOUR: CAPITAL STRUCTURE AND DIVIDEND POLICY14. Efficient Capital Markets and Behavioral Challenges15. Long-Term Financing16. Capital Structure: Basic Concepts17. Capital Structure: Limits to the Use of Debt18. Valuation and Capital Budgeting for the Levered Firm19. Dividends and Other PayoutsPART FIVE: LONG-TERM FINANCE20. Raising Capital21. LeasingPART SIX: OPTIONS, FUTURES, AND CORPORATE FINANCE22. Options and Corporate Finance23. Options and Corporate Finance: Extensions and Applications24. Warrants and Convertibles25. Derivatives and Hedging RiskPART SEVEN: SHORT-TERM FINANCE26. Short-Term Finance and Planning27. Cash Management28. Credit and Inventory ManagementPART EIGHT: SPECIAL TOPICS29. Mergers, Acquisitions, and Divestitures30. Financial Distress31. International Corporate FinanceAPPENDICESAppendix A: Mathematical TablesAppendix B: Solutions to Selected End-of-Chapter ProblemsAppendix C: Using the HP-10B and TI BA II Plus Financial Calculators