Corporate Finance

by N/A

• Used

  Hardcover
  1995

  $11.98

  With an emphasis on the fundamentals of finance theory, this text uses intuitions of arbitrage, net present value, efficient markets and options to present corporate finance as the working of a small number of integrated and powerful intuitions. The basic intuitions are illustrated by events such as incorporation, the initial public offering, the initial dividend, a merger and/or acquisition, recapitalization and bankruptcy. This edition includes expanded coverage of derivatives and hedging using derivatives, IPC activity, Altman's bankruptcy predictor model, and how inflation and growth opportunities produce optimal capital structure.

• Used

  Paperback
  1996

  $44.81

  The aim of this book is to emphasize the modern fundamentals of the theory of finance. Contemporary examples are used to balance theory and practice, and corporate finance is presented as the workings of a small number of integrated and powerful intuitions. The book also uses the significant events in the financial life cycle of a typical firm, such as the initial dividend, a merger, recapitalization and bankruptcy, to bring the basic intuitions alive. New material on inefficient markets includes the long-run-return research on IPOs, discussion of share repurchases is included and there is expanded treatment of derivatives and hedging, and a model to predicting bankruptcy is included in the chapter on financial distress. Updated learning aids use end-of-chapter problems, figures and tables.