Corporate Finance

12 ed
ISBN: 978-1-259-91894-0
Verlag: McGraw-Hill Education

Buch, Englisch, Format (B × H): 262 mm x 215 mm, Gewicht: 1842 g

Corporate Finance, by Ross, Westerfield, Jaffe, and Jordan 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 Twelfth Edition includes many exciting new research findings as well as the incorporation of the Tax Cuts and Jobs Act (TCJA) throughout the text.Connect is proven to deliver better results for students and instructors. Proven content integrates seamlessly with enhanced digital tools to create a personalized learning experience that provides students with precisely what they need, when they need it. With Connect, the educational possibilities are limitless.

Autoren/Hrsg.

Ross, Stephen

Westerfield, Randolph

Jaffe, Jeffrey

Jordan, Bradford

Inhaltsverzeichnis

Part I Overview

1  Introduction to Corporate Finance 
2  Financial Statements and Cash Flow 
3  Financial Statements Analysis and Financial Models 

Part II  Valuation and Capital Budgeting 

4  Discounted Cash Flow Valuation 
5  Net Present Value and Other Investment Rules 
6  Making Capital Investment Decisions 
7  Risk Analysis, Real Options, and Capital Budgeting 
8  Interest Rates and Bond Valuation 
9  Stock Valuation 

Part III Risk

10  Lessons from Market History 
11  Return, Risk, and the Capital Asset Pricing Model (CAPM)
12  An Alternative View of Risk and Return: The Arbitrage Pricing Theory 
13  Risk, Cost of Capital, and Valuation 

Part IV Capital Structure and Dividend Policy

14  Efficient Capital Markets and Behavioral Challenges 
15  Long-Term Financing
16  Capital Structure: Basic Concepts 
17  Capital Structure: Limits to the Use of Debt 
18  Valuation and Capital Budgeting for the Levered Firm 
19  Dividends and Other Payouts 

Part V Long-Term Financing

20  Raising Capital 
21  Leasing 

Part VI Options, Futures, and Corporate Finance

22  Options and Corporate Finance 
23  Options and Corporate Finance: Extensions and Applications 
24  Warrants and Convertibles
25  Derivatives and Hedging Risk 

Part VII Short-Term Finance

26  Short-Term Finance and Planning 
27  Cash Management 
28  Credit and Inventory Management 

Part VIII Special Topics

29  Mergers, Acquisitions, and Divestitures  
30  Financial Distress 
31  International Corporate Finance 

Appendix A: Mathematical Tables 
Appendix B: Solutions to Selected End-of-Chapter Problems 
Appendix C: Using the HP 10B and TI BA II Plus Financial Calculators

Über Autor(innen)

Ross, Stephen
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.

Jordan, Bradford
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.

Jaffe, Jeffrey
Jeffrey F. Jaffe has been a frequent contributor to finance and economic literature in such journals as the Quarterly Economic Journal, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Financial Economics, and The Financial Analysts Journal. His best-known work concerns insider trading, where he showed both that corporate insiders earn abnormal profits from their trades and that regulation has little effect on these profits. He has also made contributions concerning initial public offerings, the regulation of utilities, the behavior of market makers, the fluctuation of gold prices, the theoretical effect of inflation on the interest rate, the empirical effect of inflation on capital asset prices, the relationship between small-capitalization stocks and the January effect, and the capital structure decision.

Westerfield, Randolph
Randolph W. Westerfield is Dean Emeritus of the University of Southern Californias 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.