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Fundamentals of Corporate Finance

ISBN10: 1265066833 | ISBN13: 9781265066833

Fundamentals of Corporate Finance
ISBN10: 1265066833
ISBN13: 9781265066833
By Stephen Ross, Randolph Westerfield and Bradford Jordan

* 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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Fundamentals of Corporate Finance was designed and developed for a first course in business or corporate finance, for both finance majors and non-majors alike. The text is nearly self-contained in terms of background or prerequisites, assuming some familiarity with basic algebra and accounting concepts, while still reviewing important accounting principles very early on. The organization of this text has been developed to give instructors the flexibility they need. 
 
The best-selling text has three basic themes that are the central focus of the book:  
1) An emphasis on intuition: the authors separate and explain the principles at work on a common sense, intuitive level before launching into any specifics.  
2) A unified valuation approach: net present value (NPV) is treated as the basic concept underlying corporate finance.   
3) A managerial focus: the authors emphasize the role of the financial manager as a decision maker, and they stress the need for managerial input and judgment. 
 
When paired with Connect, it has student success and career readiness resources that include Finance Prep Course, Algorithmic Integrated Excel, Application-Based Activities, Tableau Dashboard Activities, multiple video types, Guided Examples, and SmartBook, an adaptive reading and practice tool for students. 

PART 1: OVERVIEW OF CORPORATE FINANCE
  1 Introduction to Corporate Finance
  2 Financial Statements, Taxes, and Cash Flow

PART 2: FINANCIAL STATEMENTS AND LONG-TERM FINANCIAL PLANNING
  3 Working with Financial Statements
  4 Long-Term Financial Planning and Growth

PART 3: VALUATION OF FUTURE CASH FLOWS
  5 Introduction to Valuation: The Time Value of Money
  6 Discounted Cash Flow Valuation
  7 Interest Rates and Bond Valuation
  8 Stock Valuation

PART 4: CAPITAL BUDGETING
  9 Net Present Value and Other Investment Criteria
 10 Making Capital Investment Decisions
 11 Project Analysis and Evaluation

PART 5: RISK AND RETURN  
 12 Some Lessons from Capital Market History
 13 Return, Risk, and the Security Market Line

PART 6: COST OF CAPITAL AND LONG-TERM FINANCIAL POLICY
 14 Cost of Capital
 15 Raising Capital
 16 Financial Leverage and Capital Structure Policy
 17 Dividends and Payout Policy

PART 7: SHORT-TERM FINANCIAL PLANNING AND MANAGEMENT
 18 Short-Term Finance and Planning
 19 Cash and Liquidity Management
 20 Credit and Inventory Management

PART 8: TOPICS IN CORPORATE FINANCE
 21 International Corporate Finance
 22 Behavioral Finance Implications for Financial Management
 23 Enterprise Risk Management
 24 Options and Corporate Finance
 25 Option Valuation
 26 Mergers and Acquisitions
 27 Leasing

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.

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.

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