Essentials of Corporate Finance / Edition 1

by Robert Parrino, David S. Kidwell, Thomas W. Bates

Overview

The Concise edition continues to integrate the authors’ approach and retains the depth and level of Fundamentals by eliminating some less important topics rather than condensing all existing topics. The Essentials edition consolidates two chapters, increases its focus on others, and provides updated time sensitive content where practical. The Essentials edition continues to provide students with the tools they need to master the course content by helping them understand Corporate Finance as it applies to their studies.

This text presents students and instructors with a less expensive and succinct product that increases student motivation with real-world finance problems, effectively producing stronger student performance on classroom exams.

Product Details

ISBN-13:	9780470444658
Publisher:	Wiley
Publication date:	10/21/2013
Edition description:	New Edition
Pages:	656
Product dimensions:	8.50(w) x 10.90(h) x 1.00(d)

About the Author

Robert Parrino is the Lamar Savings Centennial Professor of Finance at the McCombs School of Business of The University of Texas at Austin. He formerly held academic appointments at The University of Chicago, the University of Rochester, and IMADEC University in Vienna. Dr. Parrino's research includes work on corporate governance, financial policies, restructuring, and mergers and acquisitions, as well as research on private equity markets. He has published his research in a number of journals, including the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Law and Economics, Journal of Portfolio Management, and Financial Management. Dr. Parrino has won a number of awards for his research. He received his PhD from the University of Rochester.

David Kidwell is the Professor of Finance and Dean Emeritus at the Curtis L. Carlson School of Management, University of Minnesota. Dr. Kidwell has over 30 years experience in financial education, as a teacher, researcher, and administrator. He has served as Dean of the Carlson School at the University of Minnesota and of the School of Business Administration at the University of Connecticut. Prior to joining the University of Connecticut, Dr. Kidwell held endowed chairs in banking and finance at Tulane University, the University of Tennessee, and Texas Tech University. He was also on the faculty at the Krannert Graduate School of Management, Purdue University where he was twice voted the outstanding undergraduate teacher of the year.

Thomas Bates is Chair of the Department of Finance at Arizona State University W.P. Carey School of Business. He received his PhD from The University of Pittsburgh and has held academic positions at the University of Arizona, University of Delaware and the University of Western Ontario. His research interests include Corporate Finance, Corporate Governance, Mergers and Acquisitions, and Valuation. He has been published in the Journal of Finance, and the Journal of Financial Economics.

Table of Contents

PART 1 INTRODUCTION

1 The Financial Manager and the Firm 1

PART 2 FOUNDATIONS

2 The Financial System and the Level of Interest Rates 26

3 Financial Statements, Cash Flows, and Taxes 50

4 Analyzing Financial Statements 83

PART 3 VALUATION OF FUTURE CASH FLOWS

5 The Time Value of Money, Discounted Cash Flows, and Valuation 126

6 Risk and Return 183

7 Bond Valuation and the Structure of Interest Rates 221

8 Stock Valuation 253

PART 4 CAPITAL BUDGETING DECISIONS

9 The Fundamentals of Capital Budgeting 284

10 Cash Flows and Capital Budgeting 328

11 The Cost of Capital 363

PART 5 FINANCING DECISIONS

12 Working Capital Management 395

13 How Firms Raise Capital 426

14 Capital Structure Policy 458

15 Dividends, Stock Repurchases, and Payout Policy 495

PART 6 FINANCIAL PLANNING

16 Financial Planning and Managing Growth 519

PART 7 INTERNATIONAL DECISIONS

17 International Financial Management 554