Corporate Finance 13th Edition

Corporate Finance (13th Edition)
by Stephen A. Ross, Randolph W. Westerfield, Jeffrey Jaffe, Bradford D. Jordan, and Kelly Shue

Title: Corporate Finance (13th Edition)
Authors: Stephen A. Ross, Randolph W. Westerfield, Jeffrey Jaffe, Bradford D. Jordan, Kelly Shue
Edition: 13th
Quality: Black & White Paper, A4 Size
Language: English

Key Features:

✅ Comprehensive Coverage of Corporate Finance: This textbook provides an in-depth understanding of the principles and concepts that drive financial decision-making in corporations. It explores both theoretical and practical aspects of corporate finance.

✅ Focus on Key Financial Decisions: The book covers major areas such as capital budgeting, capital structure, risk management, dividend policy, and working capital management, emphasizing the importance of making informed financial decisions in the corporate world.

✅ Real-World Applications: The authors provide numerous real-world examples, case studies, and exercises to show how the concepts apply in actual business settings. This makes it easier for students to understand the practical use of corporate finance theory.

✅ Clear and Engaging: The book is written in an accessible style, making complex concepts easier to understand. It explains topics using straightforward language and includes diagrams, charts, and examples to reinforce key points.

✅ Integration of Financial Theory and Practice: The textbook integrates modern financial theory with practical applications, giving students a balanced perspective on how financial decisions are made in corporations.

Topics Covered:

1. Introduction to Corporate Finance

   • The role of financial managers

   • The financial environment

2. Financial Markets and Instruments

   • Types of financial markets and instruments

   • The role of financial intermediaries

3. Time Value of Money

   • Discounting and compounding

   • Annuities and perpetuities

4. Valuation of Securities

   • Stock and bond valuation

   • The relationship between risk and return

5. Capital Budgeting

   • Project evaluation techniques

   • Net Present Value (NPV) and Internal Rate of Return (IRR)

   • Cash flow estimation

6. Risk and Return

   • Diversification and portfolio theory

   • Capital Asset Pricing Model (CAPM)

   • Risk measurement and management

7. Cost of Capital

   • Weighted Average Cost of Capital (WACC)

   • Cost of debt and equity

8. Capital Structure and Dividend Policy

   • Leverage and its effects on risk

   • Dividend decisions and policy

9. Mergers and Acquisitions

   • The process of mergers and acquisitions

   • Synergies and valuation in M&As

10. Financial Planning and Forecasting

    • The role of forecasting in corporate finance

    • Pro forma financial statements

11. Working Capital Management

    • Managing current assets and liabilities

    • Cash, inventory, and receivables management

12. Corporate Governance

    • The role of governance in financial decision-making

    • Ethics in corporate finance

Ideal For:

• Undergraduate and Graduate Students: Especially those in finance, business, economics, or related fields.

• Finance Professionals: Corporate finance managers, financial analysts, and other professionals working in finance-related roles.

• Business and Finance Exam Preparation: Ideal for students preparing for finance exams, such as CFA, MBA, or other certification programs.

• Business Owners and Managers: Those involved in decision-making processes related to corporate finance, capital budgeting, and financial strategies.

Key Takeaways:

• Comprehensive Financial Understanding: The textbook equips readers with essential knowledge in key areas of corporate finance, helping them understand how companies manage financial resources.

• Real-World Insights: The inclusion of case studies and examples helps students apply theoretical concepts to real business scenarios.

• Balanced Theoretical and Practical Approach: A combination of in-depth theoretical knowledge with practical applications ensures that readers can not only understand but also apply finance principles effectively in their careers.

• Focus on Decision-Making: The book stresses the importance of making informed and strategic decisions in finance and their impact on the overall success of a business.