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Corporate Finance, by Ross, Westerfield, and Jaffe is a popular textbook that 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…mehr

Produktbeschreibung
Corporate Finance, by Ross, Westerfield, and Jaffe is a popular textbook that 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 well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool. Brad Jordan, known for his successful work on the RWJ Fundamentals and Essentials books, contributed to this edition. His influence will be seen particularly in the writing style with smoother coverage of topics, and the increased quality in the problem material.

Table of contents:
PART I

1 Introduction to Corporate Finance

2 Financial Statements and Cash Flow

3 Financial Statements Analysis and Long-Term Planning

4 Discounted Cash Flow Valuation

5 How to Value Bonds and Stocks

6 Net Present Value and Other Investment Rules

7 Making Capital Investment Decisions

8 Risk Analysis, Real Options, and Capital Budgeting

PART III

9 Risk and Return: Lessons from Market History

10 Return and Risk: The Capital Assets Pricing Model (CAPM)

11 An Alternative View of Risk and Return: The Arbitrage Pricing Theory

12 Risk, Cost of Capital, and Capital Budgeting

13 Corporate Financing Decisions and Efficient Capital Markets

14 Long-Term Financing: An Introduction

15 Capital Structure: Basic Concepts

16 Capital Structure: Limits to the Use of Debt

17 Valuation and Capital Budgeting for the Levered Firm

18 Dividends and Other Payouts

PART V

19 Issuing Securities to the Public

20 Long-Term Debt

21 Leasing

PART VI

22 Options and Corporate Finance

23 Options and Corporate Finance: Extensions and Applications

24 Warrants and Convertibles

25 Derivatives and Hedging Risk

26 Short-Term Finance and Planning

27 Cash Management

28 Credit Management

29 Mergers and Acquisitions

30 Financial Distress

31 International Corporate Finance
Autorenporträt
Stephen Ross is presently the Franco Modigliani Professor of Finance and 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 and 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 currently serves as an associate editor of several academic and practitioner journals. He is a trustee of CalTech, a director of the College Retirement Equity Fund (CREF), and Freddie Mac. He is also the co-chairman of Roll and Ross Asset Management Corporation.
Randoloph W. Westerfield is Dean of the Marshall School of Business at University of Southern California and holder of the Robert R. Dockson Dean’s Chair of Business Administration. From 1988 to 1993, Professor Westerfield served as the chairman of the School’s finance and business economics department and the Charles B. Thornton Professor of Finance. He 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. His areas of expertise include corporate financial policy, investment management and analysis, mergers and acquisitions, and stock market price behavior. Professor Westerfield has served as a member of the Continental Bank trust committee, supervising all activities of the trust department. He has been consultant to a number of corporations, including ATT, Mobil Oil and Pacific Enterprises, as well as to the United Nations, the U.S. Department of Justice and Labor, and the State of California.
Bradford D. Jordan is Professor of Finance and Gatton Research Fellow in the Carol Martin Gatton College of Business and Economics at the University of Kentucky. He has a long-standing interest in both applied and theoretical issues in corporate finance, and has extensive experience teaching all levels of corporate finance and financial management policy. Professor Jordan has published numerous articles on issues such as cost of capital, capital structure, and the behavior of security prices.