ISBN-10:
0075612747
ISBN-13:
9780075612742
Pub. Date:
09/28/1997
Publisher:
McGraw-Hill Companies, The
Fundamentals of Corporate Finance / Edition 4

Fundamentals of Corporate Finance / Edition 4

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Overview

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.

Product Details

ISBN-13: 9780075612742
Publisher: McGraw-Hill Companies, The
Publication date: 09/28/1997
Edition description: Older Edition
Pages: 708

About the Author

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 AT&T, 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.

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 Capital 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
(and more...)

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