Book Categories

Description of Corporate Finance

For MBA/graduate students taking a course in corporate finance. Using the unifying valuation framework based on the Law of One Price, top researchers Jonathan Berk and Peter DeMarzo set the new standard for corporate finance textbooks. Corporate Finance blends coverage of time-tested principles and the latest advancements with the practical perspective of the financial manager. With this ideal melding of the core with modern topics, innovation with proven pedagogy, Berk and DeMarzo establish the new canon in finance. The second edition reflects the constantly changing world of finance, including information on the recent financial crisis, new behavioral finance research, and updated practitioner interviews. For programs and professors who would like a streamlined book that is specifically tailored to the topics covered in the first one-semester course, Corporate Finance: The Core 2nd edition contains the first 19 chapters of Berk/DeMarzo's Corporate Finance 2nd edition text.

Title Information

ISBN:

9780132554268

Pages:

744 pages

Format:

Paperback

Product Code:

504632

Publisher:

Pearson Education (US)

Published:

19/03/2010

Edition:

Global ed of 2nd revised ed Edition

Write a review of this book

Customer Reviews from Amazon

About Jonathan Berk and Peter DeMarzo

Take a closer look at Berk/DeMarzo's 2nd edition here: http://www.pearsonhighered.com/showtell/berk_0138018758/web Jonathan Berk is the Professor of Finance in the Haas School of Business at the University of California, Berkeley and is a Research Associate at the National Bureau of Economic Research. He currently teaches the introductory Corporate Finance course for first-year MBA students at Berkeley. Before getting his Ph.D., he worked as an Associate at Goldman Sachs, where his education in finance really began. Professor Berk is an Associate Editor of the Journal of Finance. His research interests in finance include corporate valuation, capital structure, mutual funds, asset pricing, experimental economics, and labor economics. His work has won a number of research awards including the TIAA-CREF Paul A. Samuelson Award, the Smith Breeden Prize, Best Paper of the Year in The Review of Financial Studies, and the FAME Research Prize. His paper, "A Critique of Size Related Anomalies," was recently selected as one of the two best papers ever published in The Review of Financial Studies. In recognition of his influence on the practice of finance he has received the Bernstein-Fabozzi/Jacobs Levy Award, the Graham and Dodd Award of Excellence, and the Roger F. Murray Prize. Born in Johannesburg, South Africa, Professor Berk is married, with two daughters aged 10 and 14, and is an avid skier and biker. Peter DeMarzo is the Mizuho Financial Group Professor of Finance at the Stanford Graduate School of Business and is a Research Associate at the National Bureau of Economic Research. He currently teaches the "turbo" core finance course for Stanford's first-year MBA students. In addition to his experience at the Stanford Graduate School of Business, Professor DeMarzo has taught at the Haas School of Business and the Kellogg Graduate School of Management, and he was a National Fellow at the Hoover Institution. Professor DeMarzo received the Sloan Teaching Excellence Award at Stanford in 2004 and 2006, and the Earl F. Cheit Outstanding Teaching Award at U.C. Berkeley in 1998. Professor DeMarzo has served as an Associate Editor for The Review of Financial Studies, Financial Management, and the B.E. Journals in Economic Analysis and Policy, as well as a Director of the Western Finance Association. Professor DeMarzo's research is in the area of corporate finance, asset securitization, and contracting, as well as market structure and regulation. His recent work has examined issues of the optimal design of securities, the regulation of insider trading and broker-dealers, and the influence of information asymmetries on corporate investment. He has received numerous awards including the Western Finance Association Corporate Finance Award and the Barclays Global Investors/Michael Brennan best-paper award from The Review of Financial Studies. Professor DeMarzo was born in Whitestone, New York and is married with three boys. He and his family enjoy hiking, biking, and skiing.

Contents of Corporate Finance

Part I: Introduction
1 The Corporation
2 Introduction to Financial Statement Analysis

Part II: Tools
3 Arbitrage and Financial Decision Making
4 The Time Value of Money
5 Interest Rates

Part III: Basic Valuation
6 Investment Decision Rules
7 Fundamentals of Capital Budgeting
8 Valuing Bonds
9 Valuing Stocks

Part IV: Risk and Return
10 Capital Markets and the Pricing of Risk
11 Optimal Portfolio Choice and the Capital Asset Pricing Model
12 Estimating the Cost of Capital
13 Investor Behavior and Capital Market Efficiency

Part V: Capital Structure
14 Capital Structure in a Perfect Market
15 Debt and Taxes
16 Financial Distress, Managerial Incentives, and Information
17 Payout Policy

Part VI: Valuation
18 Capital Budgeting and Valuation with Leverage
19 Valuation and Financial Modeling: A Case Study