Principles of Corporate Finance (12th Edition)

Description

Now in its Twelfth Edition, Principle of Corporate Finance continues to be one of the most comprehensive and authoritative presentations of financial theory and practice available. The book has been substantially revised and now reflect some recent developments in the financial markets or company practice. It also aims to explain aspects of theory and concepts from an Indian perspective. This is a leading text worldwide and has proven to be useful to students and financial managers alike.

Key Features

• Real-life examples and citations
• Detailed coverage of contemporary topics such as Efficient Markets, Peer-to-Peer Lending, Crowdfunding, Behavioural Finance, Ethical Behaviour, Hidden Leverage and Managing International Risks
• Dedicated Chapter on What We Do Know and What We Do Not Know about Finance: Discussion on seven major ideas and the ten unsolved problems of finance
• Finance on the Web and Beyond the Page sections give students the opportunity to explore financial websites, learn more about key concepts, try out calculations and understand tables and figures

Table of Contents

1. Part One: Value
   1. Introduction to Corporate Finance
   2. How to Calculate Present Values
   3. Valuing Bonds
   4. The Value of Common Stocks
   5. Net Present Value and Other Investment Criteria
   6. Making Investment Decisions with the Net Present Value Rule
2. Part Two: Risk
   1. Introduction to Risk and Return
   2. Portfolio Theory and the Capital Asset Pricing Model
   3. Risk and the Cost of Capital
3. Part Three: Best Practices in Capital Budgeting
   1. Project Analysis
   2. Investment, Strategy, and Economic Rents
   3. Agency Problems, Compensation, and Performance Measurement
4. Part Four: Financing Decisions and Market Efficiency
   1. Efficient Markets and Behavioral Finance
   2. An Overview of Corporate Financing
   3. How Corporations Issue Securities
5. Part Five: Payout Policy and Capital Structure
   1. Payout Policy
   2. Does Debt Policy Matter?
   3. How Much Should a Corporation Borrow?
   4. Financing and Valuation
6. Part Six: Options
   1. Understanding Options
   2. Valuing Options
   3. Real Options
7. Part Seven: Debt Financing
   1. Credit Risk and the Value of Corporate Debt
   2. The Many Different Kinds of Debt
   3. Leasing
8. Part Eight: Risk Management
   1. Managing Risk
   2. Managing International Risks
9. Part Nine: Financial Planning and Working Capital Management
   1. Financial Analysis
   2. Financial Planning
   3. Working Capital Management
10. Part Ten: Mergers, Corporate Control, and Governance
    1. Mergers
    2. Corporate Restructuring
    3. Governance and Corporate Control Around the World Part Eleven: Conclusion
    4. Conclusion: What We Do and Do Not Know about Finance