Financial Theory and Corporate Policy

by Copeland, Thomas E.; Weston, J. Fred; Shastri, Kuldeep

• ISBN13: 9780201106480
• ISBN10: 0201106485
• Edition: 3rd
• Format: Paperback
• Copyright: 2005-01-01
• Publisher: Addison Wesley

Summary

A recognized classic, Financial Theory and Corporate Policy is thoroughly updated in this third edition. The authors provide a concise, unified treatment of finance, combining theory, empirical evidence, and applications. Recent major contributions in financial literature are discussed and all current literature is summarized. The book provides MBA and doctoral students with an excellent bridge to prevailing scholarship in finance.

Table of Contents

I. THE THEORY OF FINANCE.

1. Introduction: Capital Markets, Consumption, and Investment.
2. Investment Decisions: The Certainty Case.
3. More Advanced Capital Budgeting.
4. The Theory of Choice: Utility Theory Given Uncertainty.
5. State-Preference Theory.
6. Objects of Choice: Mean-Variance Uncertainty.
7. Market Equilibrium: CAPM and APT.
8. Pricing Contingent Claims: Option Pricing Theory and Evidence.
9. Futures Contracts and Markets.
10. Efficient Capital Markets: Theory.

II. CORPORATE POLICY: THEORY, EVIDENCE, AND APPLICATIONS.

11. Efficient Capital Markets: Evidence.
12. Capital Budgeting Under Uncertainty: The Multiperiod Case.
13. Capital Structure and the Cost of Capital: Theory.
14. Capital Structure: Empirical Evidence and Applications.
15. Dividend Policy: Theory.
16. Dividend Policy: Empirical Evidence and Applications.
17. The Economics of Leasing.
18. Applied Issues in Corporate Finance.
19. Mergers, Restructuring, and Corporate Control: Theory.
20. Mergers and Restructuring: Tests and Applications.
21. Exchange Rate Systems and Parity Conditions.
22. International Financial Management: Tests and Implications.