Corporate Finance. An Introduction

Description

Prentice Hall, 2009. — 1032 p.An Introduction presents core principles of corporate finance within a unique organizational structure that builds from perfect to imperfect markets. This unifying perspective and an example-driven presentation develop students’ understanding by building from simple to complex and from concrete to theoretical.Introduction Value and capital budgetingThe Time Value ofMoney and Net Present Value Stock and Bond Valuation: Annuities and Perpetuities A first Encounter with Capital Budgeting Rules Time-Varying Rates of Return and the Yield Curve Uncertainty, Default, and Risk Risk and returnA first Look at InvestmentsInvestor Choice: Risk and Reward The Capital Asset Pricing Model Value and market efficiency in an imperfect market Market ImperfectionsPerfect and EfficientMarkets, and Classical and Behavioral Finance Real-world application Capital Budgeting Applications and PitfallsFrom Financial Statements to Economic Cash FlowsValuation from Comparables and Some Financial Ratios Capital structure and payout policy Corporate Claims Capital Structure and Capital Budgeting in a Perfect Market The Weighted Cost of Capital and Adjusted Present Value in an Imperfect Market with Taxes MoreMarket Imperfections Influencing Capital Structure Equity Payouts: Dividends and Share Repurchases Projecting the future Pro Forma Financial Statements Additional topics Capital Structure Dynamics Capital Structure Patterns in the United States Investment Banking andMergers & Acquisitions Corporate Governance International Finance Options and Risk Management