Fundamentals of Corporate Finance - South African Edition

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. 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 FinanceChapter 1: Introduction to Corporate FinanceChapter 2: Financial Statements, Taxes and Cash FlowPart 2: Financial Statements and Long-Term Financial PlanningChapter 3: Working with Financial StatementsChapter 4: Long-Term Financial Planning and GrowthPart 3: Valuation of Future Cash FlowsChapter 5: Introduction to Valuation: The Time Value of MoneyChapter 6: Discounted Cash Flow ValuationChapter 7: Interest Rates and Bond ValuationChapter 8: Share ValuationPart 4: Capital BudgetingChapter 9: Net Present Value and Other Investment CriteriaChapter 10: Making Capital Investment DecisionsChapter 11: Project Analysis and EvaluationPart 5: Risk and ReturnChapter 12: Some Lessons From Capital Market HistoryChapter 13: Return, Risk and the Security Market LinePart 6: Cost of Capital and Long-Term Financial PolicyChapter 14: Cost of CapitalChapter 15: Raising CapitalChapter 16: Financial Leverage and Capital Structure PolicyChapter 17: Dividends and Dividend PolicyPart 7: Short-Term Financial Planning and ManagementChapter 18: Short-Term Finance and PlanningChapter 19: Current Asset ManagementPart 8: Topics in Corporate FinanceChapter 20: International Corporate FinanceChapter 21: Behavioural Finance: Implications for Financial ManagementChapter 22: Risk Management: An Introduction to Financial EngineeringChapter 23: Options and Corporate FinanceChapter 24: Mergers and AcquisitionsChapter 25: Leasing