Fundamentals of Corporate Finance, 5/e (IE-Paperback)
暫譯: 企業財務基礎,第5版 (IE-平裝本)

Robert Parrino , David S. Kidwell , Thomas Bates , Stuart L. Gillan

  • 出版商: Wiley
  • 出版日期: 2022-06-01
  • 定價: $1,620
  • 售價: 9.8$1,588
  • 語言: 英文
  • 頁數: 852
  • ISBN: 1119795443
  • ISBN-13: 9781119795445
  • 立即出貨 (庫存=1)

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商品描述

本書序言

New and Updated In-Chapter Features: 

  • The Learning Objectives at the beginning of each chapter have been revised to more fully reflect the important content in the associated sections of the chapters. 
  • All the Chapter Opener Vignettes have been replaced with updated examples, typically from events in 2020 and 2021. 
  • New Building Intuition boxes have been added where appropriate, and existing Building Intuition boxes have been edited to ensure clarity. 
  • All Learning by Doing Applications have been reviewed and, where appropriate, updated or replaced. 
  • All Decision-Making Examples have been reviewed and updated where necessary. 
  • The Summary of Learning Objectives and Key Equations at the end of each chapter have been updated to reflect changes in the chapter text and to improve the pedagogical value of these features. 
  • A new feature called Corporate Finance at Work has been includedinselect chapterswhich provides a broader perspective of the content covered in the associated chapter. 

 
Chapter Content Changes: 

  • Chapter 3: addition of a new section on international accounting issues which illustrates the differences in the way financial statements are reported between countries. 
  • Chapter 6: new case on aggressive marketing of credit cards to college students.    
  • Chapter 7: addition of a new section on arithmetic versus geometric returns. New case addressing the controversial rise in executive compensation. 
  • Chapter 8: streamlining of some of bond calculation discussions. 
  • Chapter 9: new case on insider trading. 
  • Chapter 10: new case on sustainability highlighting the increasing focus of automakers on the production of electric vehicles. 
  • Chapter 15: new case on company-owned life insurance (COLI) policy—a policy taken out by a company on the life of an employee.    
  • Chapter 20: addition of sections on other ways in which firms can manage their risks using forwards, futures, and swaps.   
  • Chapter 21: addition of a new section on Islamic finance. 

本書特色

●Chapter Opener Vignettes: Each chapter begins with a vignette that describes a real company or personal application. The vignettes illustrate concepts that will be presented in the chapter and are meant to heighten student interest, motivate learning, and demonstrate the real-life relevance of the material in the chapter. 
●Learning Objectives: The opening vignette is accompanied by learning objectives that identify the most important material for students to understand while reading the chapter. At the end of the chapter, the Summary of Learning Objectives summarizes the chapter content in the context of the learning objectives. 
●Learning by Doing Applications: These applications contain quantitative problems with step-by-step solutions to help students better understand how to apply their intuition and analytical skills to solve important problems. 
●Building Intuition Boxes: These boxes cover the most important concepts in corporate finance along with an intuitive example or explanation to help students "get" the concept and develop financial intuition. 
●Decision-Making Examples: These examples, which emphasize the decision-making process rather than computation, provide students with experience in financial decision making by outlining a scenario and asking the student to make a decision based on the information presented. 
●End-of-Chapter Questions and Problems: Self-Study Problems with solutions, Discussion Questions, Questions and Problems, Excel Problems, CFA Problems, and Sample Test Problems allow students to think through their understanding of key concepts and develop their problem-solving skills.

商品描述(中文翻譯)

本書序言

章節內的新功能與更新:


  • 每章開頭的學習目標已進行修訂,以更全面地反映相關章節的重要內容。

  • 所有的章節開頭小故事已被更新的範例取代,通常來自2020年和2021年的事件。

  • 在適當的地方新增了建立直覺框,並對現有的建立直覺框進行編輯以確保清晰度。

  • 所有的實作學習應用已進行審查,並在適當的情況下進行更新或替換。

  • 所有的決策範例已進行審查並在必要時進行更新。

  • 每章結尾的學習目標摘要關鍵方程式已更新,以反映章節文本的變更並提高這些功能的教學價值。

  • 在選定章節中新增了一個名為企業財務實務的功能,提供了與相關章節所涵蓋內容的更廣泛視角。

章節內容變更:



  • 第3章:新增有關國際會計問題的部分,說明各國財務報表報告方式的差異。


  • 第6章:新增針對大學生的信用卡積極行銷案例。


  • 第7章:新增有關算術回報與幾何回報的部分。新增針對高管薪酬爭議上升的案例。


  • 第8章:簡化了一些債券計算的討論。


  • 第9章:新增內幕交易的案例。


  • 第10章:新增有關可持續性的案例,突顯汽車製造商對電動車生產日益重視的趨勢。


  • 第15章:新增公司擁有的壽險(COLI)政策的案例——公司為員工的生命投保的政策。


  • 第20章:新增有關公司如何利用遠期、期貨和掉期管理風險的部分。


  • 第21章:新增有關伊斯蘭金融的新部分。

本書特色

●章節開頭小故事:每章以描述真實公司或個人應用的小故事開始。這些小故事說明了章節中將要介紹的概念,旨在提高學生的興趣、激勵學習,並展示章節內容的現實相關性。

●學習目標:開頭的小故事伴隨著學習目標,指出學生在閱讀章節時需要理解的最重要的材料。在章節結尾,學習目標摘要總結了章節內容與學習目標的關聯。

●實作學習應用:這些應用包含定量問題及逐步解答,幫助學生更好地理解如何運用直覺和分析技能解決重要問題。

●建立直覺框:這些框涵蓋企業財務中最重要的概念,並提供直觀的範例或解釋,幫助學生「理解」概念並發展財務直覺。

●決策範例:這些範例強調決策過程而非計算,通過概述情境並要求學生根據所提供的信息做出決策,讓學生獲得財務決策的經驗。

●章末問題與練習:自學問題及其解答、討論問題、問題與練習、Excel問題、CFA問題及範例測試問題,讓學生思考對關鍵概念的理解並發展解決問題的技能。

作者簡介

Robert Parrino - Lamar Savings Centennial Professor of Finance, University of Taxas at Austin
Thomas W. Bates - Dean's Council Scholar and Associate Professor of Finance, Arizona State University
Stuart L. Gillan - G. Brint Ryan Chaired Professor of Finance, University of North Texas
David S. Kidwell - Professor of Finance and Dean Emeritus, University of Minnesota

作者簡介(中文翻譯)

羅伯特·帕里諾 - 德克薩斯大學奧斯汀分校拉馬儲蓄百年金融教授

托馬斯·W·貝茨 - 亞利桑那州立大學院長顧問學者及金融副教授

斯圖亞特·L·吉蘭 - 北德克薩斯大學G·布林特·瑞安金融講座教授

大衛·S·基德威爾 - 明尼蘇達大學金融教授及名譽院長

目錄大綱

1 The Financial Manager and the Firm
2 The Financial System and the Level of Interest Rates
3 Financial Statements, Cash Flows, and Taxes
4 Analyzing Financial Statements
5 The Time Value of Money
6 Discounted Cash Flows and Valuation
7 Risk and Return
8 Bond Valuation and the Structure of Interest Rates
9 Stock Valuation
10 The Fundamentals of Capital Budgeting
11 Cash Flows and Capital Budgeting
12 Evaluating Project Economics
13 The Cost of Capital
14 Working Capital Management
15 How Firms Raise Capital
16 Capital Structure Policy
17 Dividends, Stock Repurchases, and Payout Policy
18 Business Formation, Growth, and Valuation 
19 Financial Planning and Managing Growth
20 Corporate Risk Management
21 International Financial Management
APPENDIX A Future Value and Present Value Tables
APPENDIX B The 2017 Tax Cuts and Jobs Act: Implications for Cash Flow to Investors, the Cost of Capital, and Capital Structure

目錄大綱(中文翻譯)

1 The Financial Manager and the Firm

2 The Financial System and the Level of Interest Rates

3 Financial Statements, Cash Flows, and Taxes

4 Analyzing Financial Statements

5 The Time Value of Money

6 Discounted Cash Flows and Valuation

7 Risk and Return

8 Bond Valuation and the Structure of Interest Rates

9 Stock Valuation

10 The Fundamentals of Capital Budgeting

11 Cash Flows and Capital Budgeting

12 Evaluating Project Economics

13 The Cost of Capital

14 Working Capital Management

15 How Firms Raise Capital

16 Capital Structure Policy

17 Dividends, Stock Repurchases, and Payout Policy

18 Business Formation, Growth, and Valuation 

19 Financial Planning and Managing Growth

20 Corporate Risk Management

21 International Financial Management

APPENDIX A Future Value and Present Value Tables

APPENDIX B The 2017 Tax Cuts and Jobs Act: Implications for Cash Flow to Investors, the Cost of Capital, and Capital Structure