The best-selling Fundamentals of Corporate Finance (FCF) is written with one strongly held principle– that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, there are three basic themes that are the central focus of the book: 1) An emphasis on intuition-underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. 2) A unified valuation approach-net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects. 3) A managerial focus-the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment. The Seventh Edition continues the tradition of excellence that has earned Fundamentals of Corporate Finance its status as market leader. Every chapter has been updated to provide the most current examples that reflect corporate finance in today’s world.
Table of contents:
Part One: Overview of Corporate Finance
Chapter 1 Introduction to Corporate Finance
Chapter 2 Financial Statements, Taxes, and Cash Flow
Part Two: Financial Statements and Long Term Financial Planning
Chapter 3 Working with Financial Statements
Chapter 4 Long Term Financial Planning and Growth
Part Three: Valuation of Future Cash Flows
Chapter 5 Introduction to Valuation: The Time Value of Money
Chapter 6 Discounted Cash Flow Valuation
Chapter 7 Interest Rates and Bond Valuation
Chapter 8 Stock Valuation Part Four: Capital Budgeting
Chapter 9 Net Present Value and Other Investment Criteria
Chapter 10 Making Captial Investment Decisions
Chapter 11 Project Analysis and Evaluation
Part Five: Risk and Return
Chapter 12 Some Lessons from Capital Market History
Chapter 13 Return, Risk, and the Security Market Line
Chapter 14 Options and Corporate Finance
Part Six: Cost of Capital and Long Term Financial Policy
Chapter 15 Cost of Capital
Chapter 16 Raising Capital
Chapter 17 Financial Leverage and Capital Structure Policy
Chapter 18 Dividends and Dividend Policy
Part Seven: Short-Term Financial Planning and Management
Chapter 19 Short-Term Finance and Planning
Chapter 20 Cash and Liquidity Management
Chapter 21 Credit and Inventory Management
Part Eight: Topics in Corporate Finance
Chapter 22 International Corporate Finance
Chapter 23 Risk Management: An Introduction to Financial Engineering
Chapter 24 Option Valuation
Chapter 25 Mergers and Acquisitions
Chapter 26 Leasing
Table of contents:
Part One: Overview of Corporate Finance
Chapter 1 Introduction to Corporate Finance
Chapter 2 Financial Statements, Taxes, and Cash Flow
Part Two: Financial Statements and Long Term Financial Planning
Chapter 3 Working with Financial Statements
Chapter 4 Long Term Financial Planning and Growth
Part Three: Valuation of Future Cash Flows
Chapter 5 Introduction to Valuation: The Time Value of Money
Chapter 6 Discounted Cash Flow Valuation
Chapter 7 Interest Rates and Bond Valuation
Chapter 8 Stock Valuation Part Four: Capital Budgeting
Chapter 9 Net Present Value and Other Investment Criteria
Chapter 10 Making Captial Investment Decisions
Chapter 11 Project Analysis and Evaluation
Part Five: Risk and Return
Chapter 12 Some Lessons from Capital Market History
Chapter 13 Return, Risk, and the Security Market Line
Chapter 14 Options and Corporate Finance
Part Six: Cost of Capital and Long Term Financial Policy
Chapter 15 Cost of Capital
Chapter 16 Raising Capital
Chapter 17 Financial Leverage and Capital Structure Policy
Chapter 18 Dividends and Dividend Policy
Part Seven: Short-Term Financial Planning and Management
Chapter 19 Short-Term Finance and Planning
Chapter 20 Cash and Liquidity Management
Chapter 21 Credit and Inventory Management
Part Eight: Topics in Corporate Finance
Chapter 22 International Corporate Finance
Chapter 23 Risk Management: An Introduction to Financial Engineering
Chapter 24 Option Valuation
Chapter 25 Mergers and Acquisitions
Chapter 26 Leasing