This leading Corporate Finance text is designed for the first course at the MBA level but is certainly used at many undergraduate programs as well. CORPORATE FINANCE emphasizes the modern fundamentals of the theory of finance. The authors make the theory come to life through the use of contemporary examples, clarity of exposition and presenting a balance of theory and practice.
The authors consistently use the intuitions of arbitrage, net present value, efficient markets and options throughout the text.
The goal of this text is to present corporate finance as the working of a small number of integrated and powerful intuitions.
1. Introduction to Corporate Finance
2. Accounting Statements and Cash Flow
PART II: Value and Capital Budgeting
3. Financial Markets and Net Present Value: First Principles of Finance
4. Net Present Value
5. How to Value Bonds and Stocks
6. Some Alternative Investment Rules
7. Net Present Value and Capital Budgeting
8. Strategy and Analysis Using Net Present Value
PART III: Risk
9. Capital Market Theory: An Overview
10. Return and Risk: The Capital-Asset-Pricing Model (CAPM)
11. An Alternative View of Risk and Return: The Arbitrage Pricing Theory
12. Risk, Return, and Capital Budgeting
PART IV: Capital Structure and Dividend Policy
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. Dividend Policy: Why Does It Matter?
PART V: Long-Term Financing
19. Issuing Equity Securities to the Public
20. Long-Term Debt
21. Options and Corporate Finance: Basic Concepts
22. Options and Corporate Finance: Extensions and Applications
23. Warrants and Convertibles
24. Leasing
25. Derivatives and Hedging Risk
PART VI: Financial Planning and Short-Term Finance
26. Corporate Financial Models and Long-Term Finance
27. Short-Term Finance and Planning
28. Cash Management
29. Credit Management
PART VII: Special Topics
30. Mergers and Acquisitions
31. Financial Distress
32. International Corporate Finance
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