Principles of Corporate Finance, 14/e (Paperback)

Richard A. Brealey,Stewart C. Myers,Franklin Allen,Alex Edmans

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商品描述

The latest edition in the Principles of Corporate Finance dynasty, the 14th edition continues in its tradition of showing how theory applies to the very practical problems and decisions faced by financial managers.

Looking at what financial managers do and why, the book aims to give readers a solid understanding of theory so that they know what questions to ask when times change and new problems need to be analyzed, eventually standing as a reference and a guide to help them make financial decisions, not just study them.

This new edition welcomes Alex Edmans to the author team, whose global authority and expertise in corporate governance, responsible business and behavioural finance have been invaluable in bolstering coverage of these topics. A new chapter is entirely dedicated to the subject of balancing shareholder value with promoting the interests of all stakeholders, the potential conflicts inherent in this, and how a responsible business should behave.

There have been several changes to chapter structure as well as expanded discussion of issues that have grown in importance since the previous edition including behavioural finance, and financial innovation driven by AI, big data and cloud computing. It has also grown to take a more international focus, to bring in more information and perspectives on major developing economies such as China and India, and looking at how financing and governance systems differ around the world.

The new edition retains and builds on the pedagogical features of previous editions, with new chapter content summaries, new self-test questions interspersed at key points, and a raft of 'Beyond the page' examples available online through links in the text.

作者簡介

作者:Richard A. Brealey
現職:London Business School

作者:Stewart C. Myers
現職:Sloan School of Management Massachusetts Institute of Technology

作者:Franklin Allen
現職:Imperial College London

作者:Alex Edmans
現職:London Business School

目錄大綱

PART I: VALUE
Ch 1 Introduction to Corporate Finance
Ch 2 How to Calculate Present Values
Ch 3 Valuing Bonds
Ch 4 Valuing Stocks
Ch 5 Net Present Value and Other Investment Criteria
Ch 6 Making Investment Decisions with the Net Present Value Rule

PART II: RISK
Ch 7 Introduction to Risk, Diversification, and Portfolio Selection
Ch 8 The Capital Asset Pricing Model
Ch 9 Risk and the Cost of Capital

PART III: BEST PRACTICES IN CAPITAL BUDGETING
Ch10 Project Analysis
Ch11 How to Ensure That Projects Truly Have Positive NPVs

PART IV: FINANCING DECISIONSS AND MARKET EFFICIENCY
Ch12 Efficient Markets and Behavioral Finance
Ch13 An Overview of Corporate Financing
Ch14 How Corporations Issue Securities

PART V: PAYOUT PALICY AND CAPITAL STRUCTURE
Ch15 Payout Policy
Ch16 Does Debt Policy Matter?
Ch17 How Much Should a Corporation Borrow?
Ch18 Financing and Valuation

PART VI: CORPORATE OBJECTIVES AND GOVERNANCE
Ch19 Agency Problems and Corporate Governance
Ch20 Stakeholder Capitalism and Responsible Business

PART VII: OPTIONS
Ch21 Understanding Options
Ch22 Valuing Options
Ch23 Real Options

PART VIII: DEBT FINANCING
Ch24 Credit Risk and the Value of Corporate Debt
Ch25 The Many Different Kinds of Debt
Ch26 Leasing

PART IX: RISK MANAGEMENT
Ch27 Managing Risk
Ch28 International Financial Management

PART X: FINANCIAL PLANNING AND WORKING CAPITAL MANAGEMENT
Ch29 Financial Analysis
Ch30 Financial Planning
Ch31 Working Capital Management

PART XI: MERGERS, CORPORATE CONTROL, AND GOVERNANCE
Ch32 Mergers
Ch33 Corporate Restructuring

PART XII: CONCLUSION
Ch34 Conclusion: What We Do and Do Not Know about Finance