Banking And Finance

Corporate Finance Principles & Practice

---

Introduction
Corporate finance is concerned with the financing and investment decisions made by
the management of companies in pursuit of corporate goals. As a subject, corporate
finance has a theoretical base which has evolved over many years and which continues
to evolve as we write. It has a practical side too, concerned with the study of how companies
actually make financing and investment decisions, and it is often the case that
theory and practice disagree.
The fundamental problem that faces financial managers is how to secure the greatest
possible return in exchange for accepting the smallest amount of risk. This necessarily
requires that financial managers have available to them (and are able to use) a range of
appropriate tools and techniques. These will help them to value the decision options
open to them and to assess the risk of those options. The value of an option depends
upon the extent to which it contributes towards the achievement of corporate goals. In
corporate finance, the fundamental goal is usually taken to be to increase the wealth of
shareholders.
The aim of this book
The aim of this text is to provide an introduction to the core concepts and key topic
areas of corporate finance in an approachable, ‘user-friendly’ style. Many texts on
corporate finance adopt a theory-based or mathematical approach which are not
appropriate for those coming to the subject for the first time. This book covers the core
concepts and key topic areas without burdening the reader with what we regard as
unnecessary detail or too heavy a dose of theory.
Flexible course design
Many undergraduate courses are now delivered on a modular or unit basis over one
teaching semester of 12 weeks’ duration. In order to meet the constraints imposed by
such courses, this book has been designed to support self-study and directed learning.
There is a choice of integrated topics for the end of the course.
Each chapter offers:
■ a comprehensive list of key points to check understanding and aid revision;
■ self-test questions, with answers at the end of the book, to check comprehension of
concepts and computational techniques;
■ questions for review, with answers at the end of the book, to aid in deepening
understanding of particular topic areas;
■ questions for discussion, answers for which are available in the Lecturer’s Guide;
■ comprehensive references to guide the reader to key texts and articles;
■ suggestions for further reading to guide readers who wish to study further.
A comprehensive glossary is included at the end of the text to assist the reader in grasping
any unfamiliar terms that may be encountered in the study of corporate finance.
New for the fourth edition
The fourth edition has been extensively revised and updated in order to keep its content
fresh and relevant. Apart from considerable revision of the text, many vignettes
have been updated to reflect current events and developments in the financial world.
The fourth edition has also benefited from a major restructuring in the chapter
sequencing. This has brought a more logical flow to the book, not only in terms of the
order in which the subject material is covered but also from the perspective of the
complexity of the material. The number of questions for review and discussion at
the end of each chapter has been increased. The Companion Website for the book has
been reviewed and updated, with many more multiple choice questions provided to aid
student learning. The PowerPoint slides offered to lecturers have also been revised to
reflect the content of the fourth edition. We trust that our readers will find these
changes useful and constructive.
Target readership
This book has been written primarily for students taking a course in corporate finance
in their second or final year of undergraduate study on business studies, accounting
and finance-related degree programmes. It may also be suitable for students on professional
and postgraduate business and finance courses where corporate finance or
financial management are taught at introductory level.

---

Availability

No copy data

Detail Information

Series Title

-

Call Number

-

Publisher

: .,

Collation

-

Language

English

ISBN/ISSN

978-0-273-70644-1

Classification

NONE

Content Type

-

Media Type

-

Carrier Type

-

Edition

4th Edition

Subject(s)

-

Specific Detail Info

-

Statement of Responsibility

-

Other version/related

File Attachment

Comments

---

You must be logged in to post a comment