Financial Theory and Corporate Policy: Pearson New International Edition

Description

This classic textbook in the field, now completely revised and updated, provides a bridge between theory and practice. Appropriate for the second course in Finance for MBA students and the first course in Finance for doctoral students, the text prepares students for the complex world of modern financial scholarship and practice. It presents a unified treatment of finance combining theory, empirical evidence and applications. Table of Contents 1 Introduction: Capital Markets, Consumption, and Investment 2 Investment Decisions: The Certainty Case 3 The Theory of Choice: Utility Theory Given Uncertainty 4 State Preference Theory 5 Objects of Choice: Mean-Variance Portfolio Theory 6 Market Equilibrium: CAPM and APT 7 Pricing Contingent Claims: Option Pricing Theory and Evidence 8 The Term Structure of Interest Rates, Forward Contracts, and Futures 9 Multiperiod Capital Budgeting under Uncertainty: Real Options Analysis 10 Efficient Capital Markets: Theory 11 Efficient Capital Markets: Evidence 12 Information Asymmetry and Agency Theory 13 Valuation and Tax Policy 14 Capital Structure and the Cost of Capital: Theory and Evidence 15 Dividend Policy: Theory and Empirical Evidence 16 Applied Issues in Corporate Finance 17 Acquisitions, Divestitures, Restructuring, and Corporate Governance 18 International Financial Management Appendix: Discounting Appendix: Matrix Algebra Appendix: An Introduction to Multiple Regression Appendix: Calculus and Optimization Index