BANK MANAGEMENT AND FINANCIAL SERVICES ROSE P., HUDGINS S. Księgarnia

Corporate Finance, by Ross, Westerfield, and Jaffe is a popular textbook that emphasizes the modern fundamentals of the theory of finance, while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions, rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. The well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool.

Significant reorganization and expanded content of financial accounting, cash flows, and sustainable growth. The previous edition's chapter on corporate financial models and long-term planning that appeared late in the book is now included with the early chapters to provide earlier, more foundational coverage of cash flow and sustainable growth to bridge accounting and valuation concepts. Chapter 8 includes approximately 50% new material on risk analysis and real options. This is reflected in the new chapter title, Risk Analysis, Real Options, and Capital Budgeting. This reinforces the capital budgeting material from the previous chapter. There is very modern, new coverage of real options now moved earlier in the book. There is also coverage of Monte Carlo simulation techniques. Chapter 6 is greatly improved by presenting alternatives to Net Present Value such as modified Internal Rate of Return and better treatment of the profitability index. There is also new material on capital budgeting "best practices," where the authors relate what companies actually do to theoretical models. This content showcases the latest research and scholarship; it is very fresh and modern. Chapter 13 includes new material on efficient markets behavioral finance. This content covers a new way of thinking about financial markets and behavioral issues versus efficient markets theory. There is a lot of interest and research in this new "cutting edge" topic. Incorporates the latest theoretical developments in capital budgeting, capital structure and dividends throughout chapters 7, 15, 16, and 18. The recent tax code is also included (e.g. the new marginal individual tax rates and the lower taxes on dividends and capital gains.) New Student CD-ROM is packaged free with each new book. It includes Self-Study Questions (prepared by Robert Hanson of Eastern Michigan University) and web links to the book's Online Learning Center, Excel Templates, Corporate Finance Online, Finance Around the World and selected video clips on key corporate finance topics. The Solutions Manual has been entirely reworked and revised by the authors. It has been thoroughly reviewed for accuracy by multiple sources. There are worked-out solutions for all of the problems in the end-of-chapter material. Much effort has been placed on providing solutions in greater detail, to eliminate ambiguity as to what the final answer should be Many new problems have been added to the end of most chapters, with particular emphasis on expanding the problems in the capital budgeting chapters (5, 6, 7). There are also new S&P Problems that directly incorporate the Educational Version of Market Insight. Access to this online resource is free with each new copy of the book. The site contains quantitative and qualitative data on 600 top companies; it is powered by S&P's renowned COMPUSTAT database. These problems provide an easy way to bring current, real-world data into the classroom. Includes free access to the new Ethics in Finance PowerWeb, a dynamic, comprehensive resource for finance students to understand both the roots and current events surrounding corporate and financial ethics. The site includes many recent articles from both academic and popular press resources, along with an abstract on each article. In addition, there is a news feed that continually updates the site. Executive Summaries begin each chapter with a "roadmap" that describes the objectives of the chapter and how it connects with concepts already learned in earlier chapters. Real company examples that are discussed in the chapter are highlighted in this section. Step-by-step examples are called out within each chapter. These examples illustrate an intuitive or mathematical application in a step-by-step format. There is enough detail in the explanations so students don't have to look elsewhere for additional information. "In Their Own Words" boxes are a unique series of articles written by distinguished scholars or practitioners on key topics in the text. Boxed essays include Edward I. Altman, Anthony Bourdain, Robert S. Hansen, Robert C. Higgins, Michael C. Jensen, Richard M. Levich, Merton Miller, Jay R. Ritter and more. There are 10 case studies that present situations with real companies and how they rationalized decisions they made to solve various problems. They provide extended examples of the material covered in the chapter. In addition, there are two Mini-Cases (located at the end of chapters 12 and 29) that apply what is learned across numerous chapters. After presenting the facts, students are given guidance in rationalizing a sound business decision. Concept Questions are included after each major section in a chapter. They point to essential material and allow students to test their comprehension before moving forward. Stellar authorship! Stephen Ross is one of the most widely respected and published authors in finance and economics. He is particularly recognized for his work in developing the Arbitrage Pricing Theory, among many other incredible accomplishments. Solid end-of-chapter material includes Summary and Conclusions, List of Key Terms (with page references), Suggested Readings, Questions and Problems, S&P Problems (new and described above), Excel Problems, and Mini-Cases (in select chapters). Corporate Finance Online. As part of the OLC, instructors and students can access this exclusive Web tool from McGraw-Hill/Irwin. This site provides over 54 exercises for 27 key corporate finance topics, allowing students to complete challenging exercises and discussion questions that draw on recent articles, company reports, government data, and other Web-based resources. For instructors, there are also password protected teaching notes to assist with classroom integration of the material. Finance Around the World. Located on the OLC, this outstanding global financial resource provides real-time links for researching and exploring corporate finance topics country by country. You can customize this text. McGraw-Hill/Primis Online's digital database offers you the flexibility to customize your course including material from the largest online collection of textbooks, readings, and cases. Primis leads the way in customized eBooks with hundreds of titles available at prices that save your students over 20% off bookstore prices. Additional information is available at 800-228-0634. PageOut is McGraw-Hill's unique point-and click course Website tool, enabling you to create a full-featured, professional quality course Website without knowing HTML coding. With PageOut you can post your syllabus online, assign McGraw-Hill Online Learning Center or eBook content, add links to important off-site resources, and maintain student results in the online grade book. You can send class announcements, copy your course site to share with colleagues, and upload original files. PageOut is free for every McGraw-Hill/Irwin user and, if you're short on time, we even have a team ready to help you create your site! McGraw-Hill's Knowledge Gateway - The Complete Resource for Teaching Online Courses. McGraw-Hill/Irwin, in partnership with Eduprise, is proud to bring this unique service to instructors. This comprehensive Website contains a wealth of information for any professor interested in teaching online. Level one is available to any instructor browsing our Website. Level two is reserved for McGraw-Hill customers and contains access to free technical and instructional design assistance. For more details, visit http://mhhe.eduprise.com/home.nsf Wall Street Journal Edition. Your students can subscribe to 15 weeks of both the print and online versions of The Wall Street Journal for a specially priced rate of $20.00 in addition to the price of the text. Students will receive a "How To Use the WSJ" handbook plus a card to initiate their subscription. Business Week Edition. Your students can subscribe to Business Week for a specially priced rate of $8.25 in addition to the price of the text. Students will receive a pass code card shrink-wrapped with their new text. The card directs students to a Website where they enter the code and then gain access to Business Week's registration page to enter address info and set up their print and online subscription as well.

Table of Contents
Part I: Overview
Chp.1 Introduction to Corporate Finance
Chp.2 Accounting Statements and Cash Flow

Part II: Value and Capital Budgeting
Chp.3 Long Term Financial Planning and Growth
Chp.4 Net Present Value
Chp.5 How to Value Bonds and Stocks
Chp.6 Some Alternative Investment Rules
Chp.7 Net Present Value and Capital Budgeting
Chp.8 Strategy and Analysis in Using Net Present Value

Part III: Risk
Chp.9 Capital Market Theory: An Overview
Chp.10 Return and Risk: The Capital-Asset-Pricing Model
Chp.11 An Alternative View of Risk and Return: The Arbitrage Pricing Theory
Chp.12 Risk,Cost of Capital, and Budgeting

Part IV: Capital Structure and Dividend Policy
Chp.13 Corporate Financing Decisions and Efficient Capital Markets
Chp.14 Long Term Financing: An Introduction
Chp.15 Capital Structure: Basic Concepts
Chp.16 Capital Structure: Limits to the Use of Debt
Chp.17 Valuation and Capital Budgeting for the Levered Firm
Chp.18 Dividend Policy: Why Does It Matter?

Part V: Long Term Financing
Chp.19 Issuing Securities to the Public
Chp.20 Long Term Debt
Chp.21 Leasing

Part VI: Options, Futures,and Corporate Finance
Chp.22 Options and Corporate Fiance: Concepts
Chp.23 Options and Corporate Fiance: Extensions and Applications
Chp.24 Warrants and Convertibles
Chp.25 Derivatives and Hedging Risk

Part VII: Financial Planning and Short Term Finance
Chp.26 Short term Finance and Planning
Chp.27 Cash Management
Chp.28 Credit Management

Part VIII: Special Topics
Chp.29 Mergers and Acquisitions
Chp.30 Financial Distress
Chp.31 International Corporate Finance

Paperback
760 pages

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.