1.An emphasis on intuition—the authors separate and explain the principles at work on a common sense, intuitive level before launching into any specifics.
2.A unified valuation approach—net present value (NPV) is treated as the basic concept underlying corporate finance.
3.A managerial focus—the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment.
4.Tax Cuts and Jobs Act(TCJA) is incorporated throughout the 12th edition.
目 錄
PART I: OVERVIEW OF CORPORATE FINANCE
Ch 1 Introduction to Corporate Finance
Ch 2 Financial Statements, Taxes, and Cash Flow
PART II: FINANCIAL STATEMENTS AND LONG-TERM FINANCIAL PLANNING
Ch 3 Working with Financial Statements
Ch 4 Long-Term Financial Planning and Growth
PART III: VALUATION OF FUTURE CASH FLOWS
Ch 5 Introduction to Valuation: The Time Value of Money
Ch 6 Discounted Cash Flow Valuation
Ch 7 Interest Rates and Bond Valuation
Ch 8 Stock Valuation
PART IV: CAPITAL BUDGETING
Ch 9 Net Present Value and Other Investment Criteria
Ch10 Making Capital Investment Decisions
Ch11 Project Analysis and Evaluation
PART V: RISK AND RETURN
Ch12 Some Lessons from Capital Market History
Ch13 Return, Risk, and the Security Market Line
PART VI: COST OF CAPITAL AND LONG-TERM FINANCIAL POLICY
Ch14 Cost of Capital
Ch15 Raising Capital
Ch16 Financial Leverage and Capital Structure Policy
Ch17 Dividends and Payout Policy
PART VII: SHORT-TERM FINANCIAL PLANNING AND MANAGEMENT
Ch18 Short-Term Finance and Planning
Ch19 Cash and Liquidity Management
Ch20 Credit and Inventory Management
PART VIII: TOPICS IN CORPORATE FINANCE
Ch21 International Corporate Finance
Ch22 Behavioral Finance: Implications for Financial Management
