Corporate Finance: Core Principles and Applications / Edition 5

by Randolph W. Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D. Jordan Professor, Stephen A. Ross, Jeffrey Jaffe

Overview

Ross/Westerfield/Jaffe/Jordan's Corporate Finance: Core Principles and Applications was written to convey the most important corporate finance concepts and applications at a level that is approachable to the widest possible audience. The concise format, managerial context and design, and student-friendly writing style are key attributes to this text. The well-respected author team is known for the clear, accessible presentation of material that makes this text an excellent teaching tool. And with the Fifth Edition, McGraw-Hill’s Connect® empowers students by continually adapting to deliver precisely what they need, when they need it, and how they need it, so your class time is more engaging and effective.

Product Details

ISBN-13:	9781259289903
Publisher:	McGraw-Hill Professional Publishing
Publication date:	02/07/2017
Edition description:	Older Edition
Pages:	720
Product dimensions:	8.10(w) x 10.10(h) x 1.10(d)
Age Range:	18 Years

About the Author

Randolph W.Westerfield is Dean Emeritus of the University of Southern California's Marshall School of Business and is the Charles B. Thornton Professor of Finance. He came to USC from the Wharton School, University of Pennsylvania, where he was the chairman of the finance department and a member of the finance faculty for 20 years.

Bradford D. Jordan is Professor of Finance and holder of the Richard W. and Janis H. Furst Endowed Chair in Finance at the University of Kentucky. He has a longstanding interest in both applied and theoretical issues in corporate finance and has extensive experience teaching all levels of corporate finance and financial management policy.

STEPHEN A. ROSS  Sloan School of Management, Massachusetts Institute of Technology
Stephen A. Ross was the Franco Modigliani Professor of Finance and Economics at the Sloan School of Management, Massachusetts Institute of Technology. One of the most widely published authors in finance and economics, Professor Ross was widely recognized for his work in developing the Arbitrage Pricing Theory and his substantial contributions to the discipline through his research in signaling, agency theory, option pricing, and the theory of the term structure of interest rates, among other topics. A past president of the American Finance Association, he also served as an associate editor of several academic and practitioner journals. He was a trustee of CalTech. He died suddenly in March of 2017.

Jeffrey F. Jaffe has been a frequent contributor to finance and economic literature in such journals as the Quarterly Economic Journal, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Financial Economics, and The Financial Analysts Journal . His best-known work concerns insider trading, where he showed both that corporate insiders earn abnormal profits from their trades and that regulation has little effect on these profits. He has also made contributions concerning initial public offerings, the regulation of utilities, the behavior of market makers, the fluctuation of gold prices, the theoretical effect of inflation on the interest rate, the empirical effect of inflation on capital asset prices, the relationship between small-capitalization stocks and the January effect, and the capital structure decision.

Table of Contents

PART ONE OVERVIEW
1. Introduction to Corporate Finance
2. Financial Statements and Cash Flow
3. Financial Statements Analysis and Financial Models

PART TWO VALUATION AND CAPITAL BUDGETING
4. Discounted Cash Flow Valuation
5. Interest Rates and Bond Valuation
6. Stock Valuation
7. Net Present Value and Other Investment Rules
8. Making Capital Investment Decisions
9. Risk Analysis, Real Options, and Capital Budgeting

PART THREE RISK AND RETURN
10. Risk and Return: Lessons from Market History
11. Return and Risk: The Capital Asset Pricing Model (CAPM)
12. Risk, Cost of Capital, and Valuation

PART FOUR CAPITAL STRUCTURE AND DIVIDEND POLICY
13. Efficient Capital Markets and Behavioral Challenges
14. Capital Structure: Basic Concepts
15. Capital Structure: Limits to the Use of Debt
16. Dividends and Other Payouts

PART FIVE SPECIAL TOPICS
17. Options and Corporate Finance
18. Short-Term Finance and Planning
19. Raising Capital
20. International Corporate Finance
21. Mergers and Acquisitions (web only)
APPENDIX A Mathematical Tables
APPENDIX B Solutions to Selected End-of-Chapter Problems
APPENDIX C Using the HP 10B and TI BA II Plus Financial Calculators