Principles of corporate finance / Richard A. Brealey, Stewart C. Myers, Franklin Allen, Alex Edmans.

Format:

Book

Author/Creator:

Brealey, Richard A., author.

Myers, Stewart C., author.

Allen, Franklin, 1956- author.

Edmans, Alex, author.

Series:

McGraw Hill series in finance, insurance, and real estate

The McGraw Hill series in finance, insurance, and real estate

Language:

English

Subjects (All):

Corporations--Finance.

Physical Description:

xxx, 986, G1-G5, I1-I29 pages : color illustrations ; 26 cm.

Edition:

Fourteenth edition.

Place of Publication:

New York, NY : McGraw Hill LLC, [2023]

Summary:

"This book describes the theory and practice of corporate finance. We hardly need to explain why financial managers have to master the practical aspects of their job, but we should spell out why down-to-earth managers need to bother with theory. Managers learn from experience how to cope with routine problems. But the best managers are also able to respond to change. To do so you need more than time honored rules of thumb; you must understand why companies and financial markets behave the way they do. In other words, you need a theory of finance"-- Provided by publisher.

Contents:

Preface

Part 1: Value. Introduction to corporate finance ; How to calculate present values ; Valuing bonds ; Valuing stocks ; Net present value and other investment criteria ; Making investment decisions with the net present value rule

Part 2: Risk. Introduction to risk, diversification, and portfolio selection ; The capital asset pricing model ; Risk and the cost of capital

Part 3: Best practices in capital budgeting. Project analysis ; How to ensure that projects truly have positive NPVs

Part 4: Financing decisions and market efficiency. Efficient markets and behavioral finance ; An overview of corporate financing ; How corporations issue securities

Part 5: Payout policy and capital structure. Payout policy ; Does debt policy matter? ; How much should a corporation borrow? ; Financing and valuation

Part 6: Corporate objectives and governance. Agency problems and corporate governance ; Stakeholder capitalism and responsible business

Part 7: Options. Understanding options ; Valuing options ; Real options

Part 8: Debt financing. Credit risk and the value of corporate debt ; The many different kinds of debt ; Leasing

Part 9: Risk management. Managing risk ; International financial management

Part 10: Financial planning and working capital management. Financial analysis ; Financial planning ; Working capital management

Part 11: Mergers, corporate control, and governance. Mergers ; Corporate restructuring

Part 12: Conclusion. Conclusion: What we do and do not know about finance.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Brealey, Richard A. Principles of corporate finance

ISBN:

9781264080946

1264080948

9781266030475

1266030476

OCLC:

1296691052