Principles of Corporate Finance

by Brealey, Richard A.; Brealey, David

• ISBN13: 9780072352368
• ISBN10: 0072352361
• Edition: 6th
• Format: Hardcover
• Copyright: 2000-01-01
• Publisher: McGraw-Hill College

Summary

Describes the theory and practice of corporate finance. Discusses why companies and financial markets behave the way they do. CD-ROM included. DLC: Corporations--Finance.

Table of Contents

PART ONE VALUE	1	(150)
Finance and the Financial Manager	3	(12)
Present Value and the Opportunity Cost of Capital	15	(20)
How to Calculate Present Values	35	(26)
The Value of Common Stocks	61	(32)
Why Net Present Value Leads to Better Investment Decisions than Other Criteria	93	(28)
Making Investment Decisions with the Net Present Value Rule	121	(30)
PART TWO RISK	151	(106)
Introduction to Risk, Return, and the Opportunity Cost of Capital	153	(34)
Risk and Return	187	(34)
Capital Budgeting and Risk	221	(36)
PART THREE PRACTICAL PROBLEMS IN CAPITAL BUDGETING	257	(92)
A Project is not a Black Box	259	(32)
Where Positive Net Present Values Come From	291	(24)
Making Sure Managers Maximize NPV	315	(34)
PART FOUR FINANCING DECISIONS AND MARKET EFFICIENCY	349	(88)
Corporate Financing and the Six Lessons of Market Efficiency	351	(32)
An Overview of Corporate Financing	383	(22)
How Corporations Issue Securities	405	(32)
PART FIVE DIVIDEND POLICY AND CAPITAL STRUCTURE	437	(144)
The Dividend Controversy	439	(34)
Does Debt Policy Matter?	473	(26)
How Much Should a Firm Borrow?	499	(42)
Financing and Valuation	541	(40)
PART SIX OPTIONS	581	(86)
Spotting and Valuing Options	583	(36)
Real Options	619	(26)
Warrants and Convertibles	645	(22)
PART SEVEN DEBT FINANCING	667	(92)
Valuing Debt	669	(40)
The Many Different Kinds of Debt	709	(26)
Leasing	735	(24)
PART EIGHT RISK MANAGEMENT	759	(60)
Managing Risk	760	(30)
Managing International Risks	790	(29)
PART NINE FINANCIAL PLANNING AND SHORT-TERM FINANCIAL MANAGEMENT	819	(120)
Financial Analysis and Planning	820	(35)
Short-Term Financial Planning	855	(24)
Credit Management	879	(20)
Cash Management	899	(18)
Short-Term Lending and Borrowing	917	(22)
PART TEN MERGERS, CORPORATE CONTROL, AND GOVERNANCE	939	(66)
Mergers	940	(36)
Control, Governance, and Financial Architecture	976	(29)
PART ELEVEN CONCLUSIONS	1005
Conclusion: What We Do and Do Not Know About Finance	1006