Corporate Finance / Edition 10

by Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

Overview

Corporate Finance, by Ross, Westerfield, Jaffe, and Jordan 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 Eleventh Edition includes many exciting new research findings as well as an enhanced Connect Finance, now with even more student learning resources.

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Product Details

ISBN-13:	9780078034770
Publisher:	McGraw-Hill Higher Education
Publication date:	10/05/2012
Series:	McGraw-Hill/Irwin Series in Finance, Insurance and Real Esta
Edition description:	Net
Pages:	1072
Product dimensions:	8.10(w) x 10.00(h) x 1.70(d)

About the Author

Jeffrey F. Jaffe has been a frequent contributor to finance and economic literature in such journals as the Quarterly Economic Journal, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Financial Economics, and The Financial Analysts Journal . His best-known work concerns insider trading, where he showed both that corporate insiders earn abnormal profits from their trades and that regulation has little effect on these profits. He has also made contributions concerning initial public offerings, the regulation of utilities, the behavior of market makers, the fluctuation of gold prices, the theoretical effect of inflation on the interest rate, the empirical effect of inflation on capital asset prices, the relationship between small-capitalization stocks and the January effect, and the capital structure decision.

STEPHEN A. ROSS  Sloan School of Management, Massachusetts Institute of Technology
Stephen A. Ross was the Franco Modigliani Professor of Finance and Economics at the Sloan School of Management, Massachusetts Institute of Technology. One of the most widely published authors in finance and economics, Professor Ross was widely recognized for his work in developing the Arbitrage Pricing Theory and his substantial contributions to the discipline through his research in signaling, agency theory, option pricing, and the theory of the term structure of interest rates, among other topics. A past president of the American Finance Association, he also served as an associate editor of several academic and practitioner journals. He was a trustee of CalTech. He died suddenly in March of 2017.

Randolph W.Westerfield is Dean Emeritus of the University of Southern California's Marshall School of Business and is the Charles B. Thornton Professor of Finance. He came to USC from the Wharton School, University of Pennsylvania, where he was the chairman of the finance department and a member of the finance faculty for 20 years.

Bradford D. Jordan is Professor of Finance and holder of the Richard W. and Janis H. Furst Endowed Chair in Finance at the University of Kentucky. He has a longstanding interest in both applied and theoretical issues in corporate finance and has extensive experience teaching all levels of corporate finance and financial management policy.

Table of Contents

Chapter 1 - Introduction to Corporate Finance Chapter 3 - Financial Statements Analysis and Financial Models Chapter 4 - Discounted Cash Flow Valuation Chapter 6 - Making Capital Investment Decisions Chapter 8 - Interest Rates and Bond Valuation Part III - RiskChapter 11 - Return and Risk: The Capital Asset Pricing Model (CAPM)Chapter 13 - Risk, Cost of Capital, and Valuation Chapter 14 - Efficient Capital Markets and Behavioral ChallengesChapter 16 - Capital Structure: Basic ConceptsChapter 18 - Valuation and Capital Budgeting for the Levered Firm Part V - Long-Term FinancingChapter 21 - Leasing Chapter 22 - Options and Corporate Finance Chapter 24 - Warrants and Convertibles Part VII - Short-Term FinanceChapter 27 - Cash Management Part VIII - Special TopicsChapter 30 - Financial Distress