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This title is tailored for a first course in business or corporate finance, suitable for both finance majors and non-majors. It assumes a basic familiarity with algebra and accounting concepts, providing a nearly self-contained resource. The text emphasizes intuition, employs a unified valuation approach, and maintains a managerial focus. When used with Connect, it offers resources like Finance Prep Course, Algorithmic Integrated Excel, Application-Based Activities, Tableau Dashboard Activities, various videos, Guided Examples, and SmartBook—an adaptive reading and practice tool for students. 

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PART 1: OVERVIEW OF CORPORATE FINANCE
  1 Introduction to Corporate Finance
  2 Financial Statements, Taxes, and Cash Flow
PART 2: FINANCIAL STATEMENTS AND LONG-TERM FINANCIAL PLANNING
  3 Working with Financial Statements
  4 Long-Term Financial Planning and Growth
PART 3: VALUATION OF FUTURE CASH FLOWS
  5 Introduction to Valuation: The Time Value of Money
  6 Discounted Cash Flow Valuation
  7 Interest Rates and Bond Valuation
  8 Stock Valuation
PART 4: CAPITAL BUDGETING
  9 Net Present Value and Other Investment Criteria
 10 Making Capital Investment Decisions
 11 Project Analysis and Evaluation
PART 5: RISK AND RETURN  
 12 Some Lessons from Capital Market History
 13 Return, Risk, and the Security Market Line
PART 6: COST OF CAPITAL AND LONG-TERM FINANCIAL POLICY
 14 Cost of Capital
 15 Raising Capital
 16 Financial Leverage and Capital Structure Policy
 17 Dividends and Payout Policy
PART 7: SHORT-TERM FINANCIAL PLANNING AND MANAGEMENT
 18 Short-Term Finance and Planning
 19 Cash and Liquidity Management
 20 Credit and Inventory Management
PART 8: TOPICS IN CORPORATE FINANCE
 21 International Corporate Finance
 22 Behavioral Finance Implications for Financial Management
 23 Enterprise Risk Management
 24 Options and Corporate Finance
 25 Option Valuation
 26 Mergers and Acquisitions
 27 Leasing

About the Author

Stephen A. Ross

Stephen A. Ross was the Franco Modigliani Professor of Financial 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, along with 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 also served as an associate editor of several academic and practitioner journals, and was a trustee of CalTech.



Randolph W. Westerfield

Randolph W. Westerfield is Dean Emeritus of the University of Southern California’s Marshall School of Business and is the Charles B. Thornton Professor of Finance Emeritus. Professor Westerfield 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. He is a member of the Board of Trustees of Oaktree Capital Mutual Funds. His areas of expertise include corporate financial policy, investment management, and stock market price behavior.

Bradford D. Jordan

Bradford D. Jordan is Visiting Scholar at the University of Florida. He previously held the duPont Endowed Chair in Banking and Financial Services at the University of Kentucky, where he was department chair for many years. He specializes in corporate finance and securities valuation. He has published numerous articles in leading finance journals, and he has received a variety of research awards, including the Fama/DFA Award in 2010.

Dr. Jordan is coauthor of Corporate Finance 13e, Corporate Finance: Core Principles and Applications 7e, Fundamentals of Corporate Finance 13e, and Essentials of Corporate Finance 1le, which collectively are the most widely used business finance textbooks in the world, along with Fundamentals of Investments: Valuation and Management 10e, a popular investments text.

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