Corporate Finance

by Ross, Stephen A.

• ISBN13: 9780073105901
• ISBN10: 0073105902
• Format: Hardcover
• Copyright: 2006-11-17
• Publisher: McGraw-Hill/Irwin

Summary

Corporate Finance, by Ross, Westerfield, and Jaffe is a popular textbook that 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. The well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool. Brad Jordan, known for his successful work on the RWJ Fundamentals and Essentials books, contributed to this edition. His influence will be seen particularly in the writing style with smoother coverage of topics, and the increased quality in the problem material.

Table of Contents

Introduction to corporate finance	p. 1
Financial statements and cash flow	p. 21
Financial statements analysis and long-term planning	p. 43
Discounted cash flow valuation	p. 89
How to value bonds and stocks	p. 129
Net present value and other investment rules	p. 161
Making capital investment decisions	p. 197
Risk analysis, real options, and capital budgeting	p. 229
Risk and return : lessons from market history	p. 256
Return and risk : the capital asset pricing model (CAPM)	p. 279
An alternative view of risk and return : the arbitrage pricing theory	p. 320
Risk, cost of capital, and capital budgeting	p. 342
Corporate financing decisions and efficient capital markets	p. 368
Long-term financing : an introduction	p. 405
Capital structure : basic concepts	p. 423
Capital structure : limits to the use of debt	p. 455
Valuation and capital budgeting for the levered firm	p. 488
Dividends and other payouts	p. 510
Issuing securities to the public	p. 549
Long-term debt	p. 580
Leasing	p. 606
Options and corporate finance	p. 630
Options and corporate finance : extensions and applications	p. 671
Warrants and convertibles	p. 695
Derivatives and hedging risk	p. 714
Short-term finance and planning	p. 745
Cash management	p. 771
Credit management	p. 795
Mergers and acquisitions	p. 812
Financial distress	p. 853
International corporate finance	p. 867
Table of Contents provided by Blackwell. All Rights Reserved.