Corporate Finance: An Introduction: United States Edition
Autor Ivo Welchen Limba Engleză Hardback – 25 sep 2008
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Specificații
ISBN-13: 9780321277992
ISBN-10: 0321277996
Pagini: 1128
Dimensiuni: 216 x 276 mm
Greutate: 2.43 kg
Ediția:1
Editura: Pearson Education
Colecția Prentice Hall
Locul publicării:Upper Saddle River, United States
ISBN-10: 0321277996
Pagini: 1128
Dimensiuni: 216 x 276 mm
Greutate: 2.43 kg
Ediția:1
Editura: Pearson Education
Colecția Prentice Hall
Locul publicării:Upper Saddle River, United States
Cuprins
Chapter 1 Introduction
Chapter 2 The Time Value of Money and Net Present Value
Chapter 3 Stock and Bond Valuation: Annuities and Perpetuities
Chapter 4 A First Encounter With Capital Budgeting Rules
Chapter 5 Time-Varying Rates of Return and the Yield Curve
Chapter 6 Uncertainty, Default, and Risk
Chapter 7 A First Look at Investments
Chapter 8 Investor Choice: Risk and Reward
Chapter 9 The Capital Asset Pricing Model
Chapter 10 Market Imperfections
Chapter 11 Efficient Markets, Classical Finance, and Behavioral Finance
Chapter 12 Capital Budgeting Applications and Pitfalls
Chapter 13 From Financial Statements To Economic Cash Flows
Chapter 14 Valuation From Comparables and Some Financial Ratios
Chapter 15 Corporate Claims
Chapter 16 Capital Structure and Capital Budgeting in a Perfect Market
Chapter 17 The Weighted Cost of Capital and Adjusted Present Value in an Imperfect Market With Taxes
Chapter 18 More Market Imperfections Influencing Capital Structure
Chapter 19 Equity Payouts: Dividends and Share Repurchases
Chapter 20 Pro Forma Financial Statements
Chapter 21 Capital Structure Dynamics
Chapter 22 Capital Structure Patterns in the United States
Chapter 23 Investment Banking and M&A
Chapter 24 Corporate Governance
Chapter 25 International Finance
Chapter 26 Options (and More)
Chapter 2 The Time Value of Money and Net Present Value
Chapter 3 Stock and Bond Valuation: Annuities and Perpetuities
Chapter 4 A First Encounter With Capital Budgeting Rules
Chapter 5 Time-Varying Rates of Return and the Yield Curve
Chapter 6 Uncertainty, Default, and Risk
Chapter 7 A First Look at Investments
Chapter 8 Investor Choice: Risk and Reward
Chapter 9 The Capital Asset Pricing Model
Chapter 10 Market Imperfections
Chapter 11 Efficient Markets, Classical Finance, and Behavioral Finance
Chapter 12 Capital Budgeting Applications and Pitfalls
Chapter 13 From Financial Statements To Economic Cash Flows
Chapter 14 Valuation From Comparables and Some Financial Ratios
Chapter 15 Corporate Claims
Chapter 16 Capital Structure and Capital Budgeting in a Perfect Market
Chapter 17 The Weighted Cost of Capital and Adjusted Present Value in an Imperfect Market With Taxes
Chapter 18 More Market Imperfections Influencing Capital Structure
Chapter 19 Equity Payouts: Dividends and Share Repurchases
Chapter 20 Pro Forma Financial Statements
Chapter 21 Capital Structure Dynamics
Chapter 22 Capital Structure Patterns in the United States
Chapter 23 Investment Banking and M&A
Chapter 24 Corporate Governance
Chapter 25 International Finance
Chapter 26 Options (and More)
Caracteristici
Dispelling the Fear of Finance: An Example Driven Presentation and “Teacherly” Tone
In order to help students overcome the fear of abstract concepts associated with corporate finance, numerical examples are presented first, with easy one-to-one formula correspondence. The theoretical concept follows the concrete example.
This text offers a conversational, sometimes humorous, “teacherly” tone to the writing that establishes a rapport with the reader and has been universally praised. The author believes that in essence, finance is simple, and everyone can understand it.
Unique Organization that Builds from the simple case to the complex
This text provides a unifying perspective of perfect and imperfect markets. The text begins with the most simple case of perfect markets and then gradually layers on of real-world imperfections. The chapters progress from a risk-free to risk-neutral to risk-averse world with risk premium, taxes, uncertainty, transaction costs, and fluctuating interest rates. This organization allows students to steadily build on their understanding of the topics.
Answering the WHAT and WHY
Welch emphasizes the why, the underlying logic, in financial decisions and actions as well as the what to help students understand the complex topics and gain intuition.
Solve Nows
A series of questions at the end of each chapter section provides immediate reinforcement of the concepts. Answers are provided at the end of the chapter.
Several other features are available to enrich the material as a whole:
• How Bad Are Mistakes? - Illustrate the relative magnitude of errors and instances where the theory falls short
• Anecdotes highlight financial lore from history, contemporary news, and other sources
• Side Notes and Digging Deeper amplify selected topics
• Marginal Notes distill key points
CONTENT HIGHLIGHTS
CAPM Assumptions and M&M Propositions
An honest assessment of what we know and don’t know is discussed, including the relative robustness of various financial theories like the CAPM assumptions and the M&M propositions.
Capital Structure
Welch provides a cutting-edge presentation of capital structure, undeniably crucial to the course.
Financial Statement Analysis
Financial statement analysis is presented from a financial, rather than accounting perspective , with comparables and pro-formas receiving detailed treatment.
In order to help students overcome the fear of abstract concepts associated with corporate finance, numerical examples are presented first, with easy one-to-one formula correspondence. The theoretical concept follows the concrete example.
This text offers a conversational, sometimes humorous, “teacherly” tone to the writing that establishes a rapport with the reader and has been universally praised. The author believes that in essence, finance is simple, and everyone can understand it.
Unique Organization that Builds from the simple case to the complex
This text provides a unifying perspective of perfect and imperfect markets. The text begins with the most simple case of perfect markets and then gradually layers on of real-world imperfections. The chapters progress from a risk-free to risk-neutral to risk-averse world with risk premium, taxes, uncertainty, transaction costs, and fluctuating interest rates. This organization allows students to steadily build on their understanding of the topics.
Answering the WHAT and WHY
Welch emphasizes the why, the underlying logic, in financial decisions and actions as well as the what to help students understand the complex topics and gain intuition.
Solve Nows
A series of questions at the end of each chapter section provides immediate reinforcement of the concepts. Answers are provided at the end of the chapter.
Several other features are available to enrich the material as a whole:
• How Bad Are Mistakes? - Illustrate the relative magnitude of errors and instances where the theory falls short
• Anecdotes highlight financial lore from history, contemporary news, and other sources
• Side Notes and Digging Deeper amplify selected topics
• Marginal Notes distill key points
CONTENT HIGHLIGHTS
CAPM Assumptions and M&M Propositions
An honest assessment of what we know and don’t know is discussed, including the relative robustness of various financial theories like the CAPM assumptions and the M&M propositions.
Capital Structure
Welch provides a cutting-edge presentation of capital structure, undeniably crucial to the course.
Financial Statement Analysis
Financial statement analysis is presented from a financial, rather than accounting perspective , with comparables and pro-formas receiving detailed treatment.