The third edition of Corporate Finance retains its clear and user friendly writing style to cover all of the latest research and topic areas most pertinent to Corporate Finance courses .This new edition sees updated discussion on current trends such as ethics and risk, as well new Real World Insight boxes which provide real life examples of corporate finance in practice.
Understanding and Application
Example boxes in every chapter to provide hypothetical examples to illustrate theoretical concepts.
New to this edition are Real World Insight boxes which use real companies to show how they have applied corporate finance theories and concepts to their businesses and business decisions.
Chapter links in the margin provide quick cross-referencing to show students the connections between topics.
Targeted additional reading provides next steps for students to cement their understanding with relevant current research.
Practice and Proficiency
Between 30 and 40 Questions and Problems per chapter are categorised by topic and level of difficulty.
Exam Questions designed to take 45 minutes and test you on material learned in a more formal exam style.
Mini and Practical cases present scenarios and questions to practise applying what you have learnt.
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David Hillier is Professor of Finance at the University of Strathclyde, teaches regularly in development programs for executives and has taught courses for a wide variety of professional clients, including the World Bank and the National Health Service in the UK. It is part of the editorial board of several international journals of finance.
Part I: Overview 1 Introduction to Corporate Finance 2 Corporate Governance Part II: Value and Capital Budgeting 3 Financial Statement Analysis and Long-Term Planning 4 Discounted Cash Flow Valuation 5 How to Value Bonds and Stocks 6 Net Present Value and Other Investment Rules 7 Making Capital Investment Decisions 8 Risk Analysis, Real Options, and Capital Budgeting Part III: Risk 9 Risk and Return: Lessons from Market History 10 Return and Risk: The Capital-Asset-Pricing Model 11 Factor Models and the Arbitrage Pricing Theory 12 Risk, Cost of Capital, and Capital Budgeting Part IV: Capital Structure and Dividend Policy 13 Efficient Capital Markets & Behavioral Finance 14 Long Term Financing: An Introduction 15 Capital Structure: Basic Concepts 16 Capital Structure: limits to the use of debt 17 Valuation & Capital Budgeting for the Levered Firm 18 Dividends and Other Payouts Part V: Long Term Financing 19 Equity Financing 20 Debt Financing 21 Off-Balance Sheet Financing and Leasing Part VI: Options, Futures, and Corporate Finance 22 Options and Corporate Finance 23 Options & Corporate Finance: extensions & applications 24 Warrants and Convertibles 25 Financial Risk Management with Derivatives Part VII: Financial Planning and Short Term Finance 26 Short term Finance and Planning 27 Short-Term Capital Management Part VIII: Special Topics 28 Mergers and Acquisitions 29 Financial Distress 30 International Corporate Finance