Principles of Corporate Finance ISE

14. Auflage 2022
ISBN: 978-1-265-07415-9
Verlag: McGraw-Hill Education Ltd

Buch, Englisch, 986 Seiten, Format (B × H): 202 mm x 253 mm, Gewicht: 1962 g

The latest edition in the Principles of Corporate Finance dynasty, the 14th edition continues in its tradition of showing how theory applies to the very practical problems and decisions faced by financial managers. 

Looking at what financial managers do and why, the book aims to give readers a solid understanding of theory so that they know what questions to ask when times change and new problems need to be analyzed, eventually standing as a reference and a guide to help them make financial decisions, not just study them.

This new edition welcomes Alex Edmans to the author team, whose global authority and expertise in corporate governance, responsible business and behavioural finance have been invaluable in bolstering coverage of these topics. A new chapter is entirely dedicated to the subject of balancing shareholder value with promoting the interests of all stakeholders, the potential conflicts inherent in this, and how a responsible business should behave.

There have been several changes to chapter structure as well as expanded discussion of issues that have grown in importance since the previous edition including behavioural finance, and financial innovation driven by AI, big data and cloud computing. It has also grown to take a more international focus, to bring in more information and perspectives on major developing economies such as China and India, and looking at how financing and governance systems differ around the world.   

The new edition retains and builds on the pedagogical features of previous editions, with new chapter content summaries, new self-test questions interspersed at key points, and a raft of 'Beyond the page' examples available online through links in the text.

Click here to view the sample chapter

Autoren/Hrsg.

Brealey, Richard A.

Brealey, Richard

Myers, Stewart C.

Myers, Stewart

Allen, Franklin

Edmans, Alex

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen

Inhaltsverzeichnis

Part One: Value
Chapter 1: Introduction to Corporate Finance
Chapter 2: How to Calculate Present Values
Chapter 3: Valuing Bonds
Chapter 4: Valuing Stocks
Chapter 5: Net Present Value and Other Investment Criteria
Chapter 6: Making Investment Decisions with the Net Present Value RulePart Two: Risk
Chapter 7: Introduction to Risk, Diversification, and Portfolio Selection
Chapter 8: The Capital Asset Pricing Model
Chapter 9: Risk and the Cost of Capital

Part Three: Best Practices in Capital Budgeting
Chapter 10: Project Analysis
Chapter 11: How to Ensure That Projects Truly Have PositiveNPVsPart Four: Financing Decisions and Market Efficiency
Chapter 12: Efficient Markets and Behavioral Finance
Chapter 13: An Overview of Corporate Financing
Chapter 14: How Corporations Issue SecuritiesPart Five: Payout Policy and Capital Structure
Chapter 15: Payout Policy
Chapter 16: Does Debt Policy Matter?
Chapter 17: How Much Should a Corporation Borrow?
Chapter 18: Financing and ValuationPart Six: Corporate Objectives and Governance
Chapter 19: Agency Problems and Corporate Governance
Chapter 20: Stakeholder Capitalism and Responsible BusinessPart Seven: Options
Chapter 21: Understanding Options
Chapter 22: Valuing Options
Chapter 23: Real OptionsPart Eight: Debt Financing
Chapter 24: Credit Risk and the Value of Corporate Debt
Chapter 25: The Many Different Kinds of Debt
Chapter 26: Leasing

Part Nine: Risk Management
Chapter 27: Managing Risk
Chapter 28: International Financial ManagementPart Ten: Financial Planning and Working Capital Management
Chapter 29: Financial Analysis
Chapter 30: Financial Planning
Chapter 31: Working Capital ManagementPart Eleven: Mergers, Corporate Control, and Governance
Chapter 32: Mergers
Chapter 33: Corporate RestructuringPart Twelve: Conclusion
Chapter 34: Conclusion: What We Do and Do Not Know about Finance

Über Autor(innen)

Edmans, Alex
Alex Edmans is Professor of Finance at London Business School. He is the reigning Poets & Quants Professor of the Year, and has won 26 teaching awards at LBS, Wharton, and MIT. Alex served as Mercers School Memorial Professor of Business at Gresham College from 2018-2022, giving public lectures on finance to an audience ranging from schoolchildren to retirees. Alex has a PhD from MIT as a Fulbright Scholar, and was previously a tenured professor at Wharton and an investment banker at Morgan Stanley. Alex has spoken at the World Economic Forum in Davos, testified in the UK Parliament, and given the TED talk What to Trust in a Post-Truth World and the TEDx talks The Pie-Growing Mindset and The Social Responsibility of Business with a combined 2.5 million views. Alexs book, Grow the Pie: How Great Companies Deliver Both Purpose and Profit, was a Financial Times Book of the Year for 2020.

Myers, Stewart
Stewart C. Myers - Emeritus Professor of Financial Economics at MITs Sloan School of Management. He is past president of the American Finance Association, a research associate at the National Bureau of Economic Research, a principal of the Brattle Group Inc., and a retired director of Entergy Corporation. His research is primarily concerned with the valuation of real and financial assets, corporate financial policy, and financial aspects of government regulation of business. He is the author of influential research papers on many topics, including adjusted present value, rate of return regulation, pricing and capital allocation in insurance, real options, and moral hazard and information issues in capital structure decisions.

Brealey, Richard
Richard A. Brealey - Emeritus Professor of Finance at London Business School. He is the former president of the European Finance Association and a former director of the American Finance Association. He is a fellow of the British Academy and has served as a special adviser to the Governor of the Bank of England and director of a number of financial institutions. Other books written by Professor Brealey include Introduction to Risk and Return from Common Stocks.

Allen, Franklin
Franklin Allen - Professor of Finance and Economics, Imperial College London, and Emeritus Nippon Life Professor of Finance at the Wharton School of the University of Pennsylvania. He is past president of the American Finance Association, Western Finance Association, Society for Financial Studies, Financial Intermediation Research Society, and Financial Management Association. His research has focused on financial innovation, asset price bubbles, comparing financial systems, and financial crises. He is Director of the Brevan Howard Centre for Financial Analysis at Imperial College Business School.