Fundamentals of Corporate Finance – Stephen Ross – 8th Edition


of Corporate continues on its tradition of excellence that has earned it its status as a market leader. The rapid and extensive changes in markets and instruments, has placed new burdens on the teaching of Corporate in Canada. As a result, every chapter has been updated to provide the most current examples that reflect Corporate Finance in today’s world. Our text is written with one strongly held principle that Corporate Finance should be developed and taught in terms of a few integrated powerful ideas – Emphasis on Intuition, Unified Approach and Managerial Emphasis.

An Emphasis on Intuition. We are always careful to separate and explain the principles at work on an intuitive level before launching into any specifics. The underlying ideas are discussed first in very general terms and then by way of examples that illustrate in more concrete terms how a manager might proceed in a given situation.

A Unified Approach. We treat net present value (NPV) as the basic concept underlying corporate finance. Many texts stop well short of consistently integrating this important principle. The most basic notion?that NPV represents the excess of market value over cost?tends to get lost in an overly approach to NPV that emphasizes computation at the expense of understanding. Every concept covered is firmly rooted in valuation, and care is taken throughout the text to explain how particular decisions have effects.

These three themes work together to provide a sound foundation, and a practical and workable understanding of how to evaluate and make decisions.

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Table of Contents

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 Corporate 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 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 Dividend 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 Leasing
23 Mergers and Acquisitions

PART 9- Derivative Securities and Corporate Finance
24 Risk Management: An Introduction to Financial Engineering
25 Options and Corporate Securities
26 Behavioral Finance

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