Corporate Finance (with Thomson ONE - Business School Edition 6-Month Printed Access Card) / Edition 2 available in Hardcover
CORPORATE FINANCE, 2nd Edition was crafted to match the way you teach your MBA-level course. It's a claim we're confident to make because before creating the text, the authors analyzed more than 150 MBA-course syllabi and blended this research with input from professors like you and more than 50 years of personal corporate finance and teaching experience. The result is the most relevant text available for your students-one that presents the latest financial theories within the practical context of today's business. This balance of modern theory and practice is found in features such as Applying the Model examples that demonstrate concepts in action, cross-functional applications that make the book applicable to all students, and innovative CengageNOW for Smart Finance technology that reinforces learning throughout each chapter.
About the Author
Dr. Scott B. Smart is the Whirlpool Finance Faculty Fellow at the Kelley School of Business at Indiana University. He has published articles in scholarly journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Accounting and Economics, the Accounting Review, and the Review of Economics and Statistics. His research has been cited by the Wall Street Journal, The Economist, Business Week, and other major newspapers and periodicals. Dr. Smart holds a Ph.D. from Stanford University and has been recognized as a master teacher, winning more than a dozen teaching awards. Some of his many consulting clients include Intel and Unext.
Bill Megginson is Professor and Rainbolt Chair in Finance at the University of Oklahoma. He is also a voting member of the Italian Ministry of Economics and Finance's Global Advisory Committee on Privatization. He has published refereed articles in several top academic journals, including the Journal of Economic Literature, the Journal of Finance, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and Foreign Policy. Dr. Megginson holds a Ph.D. in finance from Florida State University. He has visited 63 countries and has served as a privatization consultant for the New York Stock Exchange, the OECD, the IMF, the World Federation of Exchanges, and the World Bank.
Dr. Lawrence J. Gitman is an emeritus professor of finance at San Diego State University. He received his B.A. from Purdue University, M.B.A. from the University of Dayton, and Ph.D. from the University of Cincinnati. Dr. Gitman is a prolific author and has more than 50 articles appearing in Financial Management, the Financial Review, the Journal of Financial Planning, the Journal of Risk and Insurance, the Financial Services Review, the Journal of Financial Research, Financial Practice and Education, the Journal of Financial Education, and other scholarly publications. He has authored and co-authored numerous best-selling textbooks on various finance and business topics as well as investing. Authors Gitman and Joehnk's INVESTMENT FUNDAMENTALS: A GUIDE TO BECOMING A KNOWLEDGEABLE INVESTOR was selected as one of 1988's ten best personal finance books by Money magazine. An active member of numerous professional organizations, Dr. Gitman is past president of the Academy of Financial Services, the San Diego Chapter of the Financial Executives Institute, the Midwest Finance Association, and the FMA National Honor Society. In addition, he is a Certified Financial Planner (CFP). Dr. Gitman formerly served as a director on the CFP Board of Governors, as vice president-financial education for the Financial Management Association, and as director of the San Diego MIT Enterprise Forum. He has two grown children and lives with his wife in La Jolla, California, where he is an avid cyclist.
Table of Contents
Part I: INTRODUCTION. 1. The Scope of Corporate Finance. 2. Financial Statement and Cash Flow Analysis. 3. Time Value of Money. Part II: VALUATION, RISK, AND RETURN. 4. Valuation. 5. Tradeoff Between Risk and Return. 6. Risk and Return: the CAPM and Beyond. Part III: CAPITAL BUDGETING. 7. Capital Budgeting: Process and Techniques. 8. Cash Flow and Capital Budgeting. 9. Cost of Capital and Project Risk. Part IV: CAPITAL STRUCTURE AND DIVIDEND POLICY. 10. Market Efficiency and Behavioral Finance. 11. An Overview of Long-Term Financing. 12. Capital Structure: Theory and Taxes. 13. Capital Structure: Non-tax Determinants of Corporate Leverage. 14. The Link Between Capital Structure and Capital Budgeting. 15. Dividend Policy. Part V: LONG-TERM FINANCING. 16. Investment Banking and the Public Sale of Equity Securities. 17. Long-Term Debt and Leasing. Part VI: OPTIONS, DERIVATIVES, AND INTERNATIONAL FINANCIAL MANAGEMENT. 18. Options Basics. 19. Black and Scholes and Beyond. 20. International Financial Management. Part VII: SHORT-TERM FINANCING DECISIONS. 21. Strategic and Operational Financial Management. 22. Cash Conversion, Inventory, and Receivables Management. 23. Liquidity Management. Part VIII: SPECIAL TOPICS. 24. Mergers, Acquisitions, and Corporate Governance. 25. The Future of Finance: Theory and Practice. APPENDIX A: Financial Tables--out to 5 decimal places to provide consistent answers regardless of the way students arrive at answers. APPENDIX B: Cumulative Probabilities from the Standard Normal Distribution. APPENDIX C: Key Formulas. APPENDIX D: Using EXCEL.
Most Helpful Customer Reviews
This text does not contain answer to any of the questions in the text, nor does it contain this information on the 'student support' website. Previous text by this author included practice quizzes, test, and answers to chapter questions on the website. Therefore, Corporate Finance leaves very little room for practice problems outside of the those distributed by the instructor which lends itself to a very poor resource and/or learning tool.