Throughout Principles of Corporate Finance, Concise the authors
show how managers use financial theory to solve practical problems and as a way of
learning how to respond to change by showing not just how but why companies and management
act as they do.
The first ten chapters mirror the Principles text, covering the time value of
money, the valuation of bonds and stocks, and practical capital budgeting decisions. The
remaining chapters discuss market efficiency, payout policy, and capital structure, option
valuation, and financial planning and analysis. The text is modular, so that Parts can be
introduced in an alternative order.
- Richard A. Brealey Professor of Finance at the London Business
School. He is the former president of the European Finance Association and a former
director of the American Finance Association.
Stewart C. Myers Robert C. Merton (1970) Professor of Finance at MIT's Sloan School
of Management. He is past president of the American Finance Association and a research
associate of the National Bureau of Economic Research.
Franklin Allen Nippon Life Professor of Finance at the Wharton School of the
University of Pennsylvania. He is past president of the American Finance Association,
Western Finance Association, and Society for Financial Studies.
Table of Contents
Part One: Value
1: Goals and Governance of the Firm
2: How to Calculate Present Values
3: Valuing Bonds
4: The Value of Common Stocks
5: Net Present Value and Other Investment Criteria
6: Making Investment Decisions with the Net Present Value Rule
Part Two: Risk
7: Introduction to Risk and Return
8: Portfolio Theory and the Capital Asset Pricing Model
9: Risk and the Cost of Capital
Part Three: Best Practices in Capital Budgeting
10: Project Analysis
Part Four: Financing Decisions and Market Efficiency
11: Efficient Markets and Behavioral Finance
Part Five: Payout Policy and Capital Structure
12: Payout Policy
13: Does Debt Policy Matter?
14: How Much Should a Corporation Borrow?
15: Financing and Valuation
Part Six: Options
16: Understanding Options
17: Valuing Options
Part Seven: Financial Planning and Working Capital Management
18: Financial Analysis
19: Financial Planning
Appendix
Glossary
Index
672 pages, Paperback
