[PDF] Modern Corporate Finance eBook

Author : Donald R. Chambers
Publisher : Addison Wesley Publishing Company
Page : 648 pages
File Size : 21,71 MB
Release : 1999
Category : Business & Economics
ISBN :

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"The second edition of Modern Corporate Finance: Theory and Practice combines a forward-looking vision of corporate finance with the tried and true practices of the past. This text emphasizes the modernist movement in finance, which is based on systematic methodology with an emphasis on deductive reasoning and empirical validation. The modernist movement produces a market-value-based approach to finance that emphasizes shareholder wealth maximization, options, and agency relationships. This movement has expanded without question, the frontiers of knowledge in finance. Until Modern Corporate Finance: Theory and Practice, instructors have lacked a framework from which to teach these concepts at the introductory level."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Author : Peter Brusov
Publisher : Springer
Page : 571 pages
File Size : 43,88 MB
Release : 2018-11-11
Category : Business & Economics
ISBN : 331999686X

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This monograph is devoted to a modern theory of capital cost and capital structure created by this book’s authors, called the Brusov–Filatova–Orekhova (BFO) theory, and its application to the real economy. BFO theory promises to replace the traditional theory of capital cost and capital structure by Nobel laureates Modigliani and Miller. This new theory in particular, presents a possible explanation to the causes of the recent global financial crisis. The authors of the book describe the general theory of capital cost and capital structure that can be applied to corporations of arbitrary age (or with arbitrary lifetime) and investment projects with arbitrary duration. The authors illustrate their theory with examples from corporate practice and develop investment models that can be applied by companies in their financial operations. This updated second edition includes new chapters devoted to the application of the BFO theory in ratings, banking and other areas. The authors also provide a new approach to rating methodology highlighting the need for including financial flow discounting, the incorporation of rating parameters (in particular, financial ratios) into the modern theory of capital structure - BFO theory. This book aims to change our understanding of corporate finance, investments, taxation and rating procedures. The authors emphasize that the most used principles of financial management should be changed in accordance to BFO theory.

Author : Alan C. Shapiro
Publisher :
Page : 545 pages
File Size : 20,42 MB
Release : 2000
Category : Business enterprises
ISBN : 9780130800985

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This text makes accessible to students and practitioners alike the practical implications for corporate financial management of empirical breakthroughs in financial economics. It aims to help readers understand how and why finance matters.

Author : Jonathan Barron Baskin
Publisher : Cambridge University Press
Page : 368 pages
File Size : 28,1 MB
Release : 1999-12-28
Category : Business & Economics
ISBN : 9780521655361

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An overview of the role of institutions and organisations in the development of corporate finance.

Author : Russell D. Roberts
Publisher : Pearson Education
Page : 136 pages
File Size : 36,17 MB
Release : 1994
Category : Business & Economics
ISBN : 9780130830081

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A revolutionary treatment of the major topics of international trade including comparative advantage, tariff quotas, dumping, industrial policy, managed trade and the welfare effects of trade on a nations economy.

Author : Alan C. Shapiro
Publisher : MacMillan Publishing Company
Page : 1130 pages
File Size : 14,69 MB
Release : 1990
Category : Business & Economics
ISBN :

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Makes accessible to students and practitioners alike the practical implications for corporate financial management of recent theoretical and empirical breakthroughs in financial economics. Areas covered include junk bonds, mergers and acquisitions and working capital management.

Author : Joseph P. Ogden
Publisher : Pearson
Page : 728 pages
File Size : 27,30 MB
Release : 2003
Category : Business & Economics
ISBN :

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The first book devoted exclusively to modern advanced corporate finance, this volume provides a comprehensive exploration of theoretical and empirical literature on corporate financial policies and strategies--particularly those of U.S. nonfinancial firms--defined in rational, economic terms. Throughout, Cases in Point show theory in relation to financial decisions made by specific firms; and Real-World Focus highlights numerous articles from the financial press, providing insights from practitioners' points of view. Empirical Perspectives On The Financial Characteristics Of Publicly Traded U.S. Nonfinancial Firms. Valuation And Financing Decisions In An Ideal Capital Market. Separation Of Ownership And Control, Principal-Agent Conflicts, And Financial Policies. Information Asymmetry And The Markets For Corporate Securities. The Roles Of Government, Securities Markets, Financial Institutions, Ownership Structure, Board Oversight, And Contract Devices. The Leverage Decision. Analyses Of The Firm And The Valuation Of Equity And Debt. Industry Analysis And Financial Policies And Strategies. The Firm's Environment, Governance, Strategy, Operations, And Financial Structure. Market Efficiency, Event Studies, Cost Of Equity Capital, And Equity Valuation. Corporate Bonds: Terms, Issuance, And Valuation. Private Equity And Venture Capital. Initial Public Offerings Of Stock. Managing Internal Equity And Seasoned Equity Offerings. Dividend Policy And Stock Repurchases. Corporate Liabilities: Strategic Selections Of Lenders And Contract Terms. Mergers, Acquisitions, Takeovers, And Buyouts. Financial Distress And Restructuring. Debt Restructuring, Being Acquired, Bankruptcy, Reorganization, And Liquidation. Organizational Architecture, Risk Management, And Security Design. For CEOs and CFOs of corporations, senior lending officers at commercial banks, and senior officers and analysts at investment banks.

Author : Alan C. Shapiro
Publisher :
Page : 545 pages
File Size : 25,84 MB
Release : 1999-10-01
Category : Business & Economics
ISBN : 9780130151049

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Emphasis on corporate finance activities and how decisions and strategies relate to other functions of the firm, including sales, advertising, marketing, production, etc. Throughout the text, the story of financial analysis and reasoning are applied to problems faced by executives in marketing, operations, and personnel from both a domestic and international perspective. The texts focal theme is on value creation and the role of corporate finance in facilitating this process. For first-year courses in Corporate Finance at the MBA & Executive MBA level or at any undergraduate program that focuses on value creation. *Brief text - 15 chapters with 8 additional on the web - The subject matter of this book is focused on those subjects in corporate finance that are critical to an understanding of finance. *Additional Topics - Have been prepared for this text and may be copied from the texts homepage found at: www.prenhall.com/financecenter *Practical approach-Shows students why theories make sense, and how to use them to solve problems by citing examples from real corporations like Southwest airlines, Time Warner, Walt Disney, etc. *Numerous applications of finance principles-Illustrate

Author : Jean Tirole
Publisher : Princeton University Press
Page : 657 pages
File Size : 45,49 MB
Release : 2010-08-26
Category : Business & Economics
ISBN : 1400830222

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"Magnificent."—The Economist From the Nobel Prize–winning economist, a groundbreaking and comprehensive account of corporate finance Recent decades have seen great theoretical and empirical advances in the field of corporate finance. Whereas once the subject addressed mainly the financing of corporations—equity, debt, and valuation—today it also embraces crucial issues of governance, liquidity, risk management, relationships between banks and corporations, and the macroeconomic impact of corporations. However, this progress has left in its wake a jumbled array of concepts and models that students are often hard put to make sense of. Here, one of the world's leading economists offers a lucid, unified, and comprehensive introduction to modern corporate finance theory. Jean Tirole builds his landmark book around a single model, using an incentive or contract theory approach. Filling a major gap in the field, The Theory of Corporate Finance is an indispensable resource for graduate and advanced undergraduate students as well as researchers of corporate finance, industrial organization, political economy, development, and macroeconomics. Tirole conveys the organizing principles that structure the analysis of today's key management and public policy issues, such as the reform of corporate governance and auditing; the role of private equity, financial markets, and takeovers; the efficient determination of leverage, dividends, liquidity, and risk management; and the design of managerial incentive packages. He weaves empirical studies into the book's theoretical analysis. And he places the corporation in its broader environment, both microeconomic and macroeconomic, and examines the two-way interaction between the corporate environment and institutions. Setting a new milestone in the field, The Theory of Corporate Finance will be the authoritative text for years to come.

Author : Justin Pettit
Publisher : John Wiley & Sons
Page : 338 pages
File Size : 35,45 MB
Release : 2011-07-12
Category : Business & Economics
ISBN : 1118160622

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Essential guidance for the corporate finance professional — advisor, Board Director, CFO, Treasurer, business development executive, or M&A expert—to ask the right questions and make the critical decisions. Strategic Corporate Finance is a practical guide to the key issues, their context, and their solutions. From performance measurement and capital planning to risk management and capital structure, Strategic Corporate Finance, translates principles of corporate finance theory into practical methods for implementing them. Filled with in-depth insights, expert advice, and detailed case studies, Strategic Corporate Finance will prepare you for the issues involved in raising, allocating and managing capital, and its associated risks. Justin Pettit (New York, NY) draws on his 15 years of senior advisory experience as an investment banker and management consultant. He advises corporate boards and executives on matters of capital structure, financial policy, valuation, and strategy. He also lectures on topics in advanced corporate finance to graduate and undergraduate students at universities in the New York area.