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Corporate Finance

ISBN10: 126505990X | ISBN13: 9781265059903

Corporate Finance
ISBN10: 126505990X
ISBN13: 9781265059903
By Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan and Kelly Shue

* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

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Corporate Finance, by Ross, Westerfield, Jaffe, Jordan, was written for the corporate finance course at the MBA level and the intermediate course in many undergraduate programs. The text emphasizes the modern fundamentals of the theory of finance while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. 

PART ONE: OVERVIEW
1. Introduction to Corporate Finance 
2. Financial Statements and Cash Flow
3. Financial Statements Analysis and Financial Models

PART TWO: VALUATION AND CAPITAL BUDGETING
4. Discounted Cash Flow Valuation
5. Net Present Value and Other Investment Rules
6. Making Capital Investment Decisions
7. Risk Analysis, Real Options, and Capital Budgeting
8. Interest Rates and Bond Valuation
9. Stock Valuation

PART THREE: RISK
10. Lessons from Market History
11. Return, Risk, and the Capital Asset Pricing Model
12. An Alternative View of Risk and Return
13. Risk, Cost of Capital, and Valuation

PART FOUR: CAPITAL STRUCTURE AND DIVIDEND POLICY
14. Efficient Capital Markets and Behavioral Challenges
15. Long-Term Financing
16. Capital Structure: Basic Concepts
17. Capital Structure: Limits to the Use of Debt
18. Valuation and Capital Budgeting for the Levered Firm
19. Dividends and Other Payouts

PART FIVE: LONG-TERM FINANCE
20. Raising Capital
21. Leasing

PART SIX: OPTIONS, FUTURES, AND CORPORATE FINANCE
22. Options and Corporate Finance
23. Options and Corporate Finance: Extensions and Applications
24. Warrants and Convertibles
25. Derivatives and Hedging Risk

PART SEVEN: SHORT-TERM FINANCE
26. Short-Term Finance and Planning
27. Cash Management
28. Credit and Inventory Management

PART EIGHT: SPECIAL TOPICS
29. Mergers, Acquisitions, and Divestitures
30. Financial Distress
31. International Corporate Finance

APPENDICES
Appendix A: Mathematical Tables
Appendix B: Solutions to Selected End-of-Chapter Problems
Appendix C: Using the HP-10B and TI BA II Plus Financial Calculators

About the Author

Stephen 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 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.

Jeffrey Jaffe

Jeffrey F. Jaffe has been a frequent contributor to finance and economic literature in such journals as the Quarterly Economic Journal, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Financial Economics, and The Financial Analysts Journal. His best-known work concerns insider trading, where he showed both that corporate insiders earn abnormal profits from their trades and that regulation has little effect on these profits. He has also made contributions concerning initial public offerings, the regulation of utilities, the behavior of market makers, the fluctuation of gold prices, the theoretical effect of inflation on the interest rate, the empirical effect of inflation on capital asset prices, the relationship between small-capitalization stocks and the January effect, and the capital structure decision.

Bradford 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.

Kelly Shue

Professor Shue's academic interests lie at the intersection of behavioral economics and empirical corporate finance. Her research has explored the Peter Principle, compensation and promotions, gender and negotiations, the gambler's fallacy, contrast effects and non-proportional thinking in asset pricing, and executive social networks. Her research has been featured in numerous news outlets including CNN, NPR, and the Wall Street Journal, and has been awarded the AQR Insight Award, the Wharton School-WRDS Award for Best Empirical Finance Paper, and the UBS Global Asset Management Award for Research in Investments. She serves as an associate editor at the Journal of Finance and Journal of Financial Economics, and previously served as an editor at the Review of Finance. Before joining Yale, Professor Shue taught MBA Corporate Finance at the University of Chicago, Booth School of Business.

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