Brealey, Principles of Corporate Finance, 13e, describes the theory and practice of corporate finance. We hardly need to explain why financial managers have to master the practical aspects of their job, but we should spell out why down-to-earth managers need to bother with theory. Throughout this book, we show how managers use financial theory to solve practical problems. Much of this book is concerned with understanding what financial managers do and why. But we also say what financial managers should do to increase company value. Some of the biggest changes in this edition were prompted by the tax changes enacted in the U.S. Tax Cuts and Jobs Act passed in December 2017. In the current edition, we have also continued to augment the international content as well as a number of chapters that have been thoroughly rewritten. For example, the material on agency issues in Chapter 12 has been substantially revised. Chapter 13 on market efficiency and behavioral finance is now fresher and more up to date. Chapter 23 on credit risk focuses more on the practical issues of forecasting default probabilities.
By:
Richard Brealey,
Stewart Myers,
Franklin Allen
Imprint: McGraw-Hill Education
Country of Publication: United States
Edition: 13th edition
Dimensions:
Height: 249mm,
Width: 193mm,
Spine: 38mm
Weight: 1.388kg
ISBN: 9781260565553
ISBN 10: 1260565556
Pages: 1984
Publication Date: 24 January 2019
Audience:
College/higher education
,
Primary
Format: Paperback
Publisher's Status: Active
Table of Contents Part One: Value Ch. 1 Introduction to Corporate Finance Ch. 2 How to Calculate Present Values Ch. 3 Valuing Bonds Ch. 4 The Value of Common Stocks Ch. 5 Net Present Value and Other Investment Criteria Ch. 6 Making Investment Decisions with the Net Present Value Rule Part Two: Risk Ch. 7 Introduction to Risk and Return Ch. 8 Portfolio Theory and the Capital Asset Pricing Model Ch. 9 Risk and the Cost of Capital Part Three: Best Practices in Capital Budgeting Ch. 10 Project Analysis Ch. 11 How to Ensure that Projects Truly Have Positive NPVs Ch. 12 Agency Problems and Investment Part Four: Financing Decisions and Market Efficiency Ch. 13 Efficient Markets and Behavioral Finance Ch. 14 An Overview of Corporate Financing Ch. 15 How Corporations Issue Securities Part Five: Payout Policy and Capital Structure Ch. 16 Payout Policy Ch. 17 Does Debt Policy Matter? Ch. 18 How Much Should a Corporation Borrow Ch. 19 Financing and Valuation Part Six: Options Ch. 20 Understanding Options Ch. 21 Valuing Options Ch. 22 Real Options Part Seven: Debt Financing Ch. 23 Credit Risk and the Value of Corporate Debt Ch. 24 The Many Different Kinds of Debt Ch. 25 Leasing Part Eight: Risk Management Ch. 26 Managing Risk Ch. 27 Managing International Risks Part Nine: Financial Planning and Working Capital Management Ch. 28 Financial Analysis Ch. 29 Financial Planning Ch. 30 Working Capital Management Part Ten: Mergers, Corporate Control, and Governance Ch. 31 Mergers Ch. 32 Corporate Restructuring Ch. 33 Governance and Corporate Control around the World Part Eleven: Conclusion Ch. 34 Conclusion: What We Do and Do Not Know about Finance
Richard A. Brealey is a Professor of Finance at the London Business School. He is the former president of the European Finance Association and a former director of the American Finance Association. He is a fellow of the British Academy and has served as a special adviser to the Governor of the Bank of England and as director of a number of financial institutions. Professor Brealey is also the author (with Professor Myers) of this book's sister text, Principles of Corporate Finance. Stewart C. Myers is the Gordon Y Billard Professor of Finance at MIT's Sloan School of Management. He is past president of the American Finance Association and a research associate of the National Bureau of Economic Research. His research has focused on financing decisions, valuation methods, the cost of capital, and financial aspects of government regulation of business. Dr. Myers is a director of The Brattle Group, Inc., and is active as a financial consultant. He is also the author (with Professor Brealey) of this book's sister text, Principles of Corporate Finance. Professor of Finance and Economics, Imperial College London, and Nippon Life Professor of Finance at the Wharton School of the University of Pennsylvania. He is past president of the American Finance Association, Western Finance Association, Society for Financial Studies, Financial Intermediation Research Society, and Financial Management Association. His research has focused on financial innovation, asset price bubbles, comparing financial systems, and financial crises. He is executive director of the Brevan Howard Centre for Financial Analysis at Imperial College Business School.
