Essentials of Corporate Finance (Mcgraw-hill/irwin Series in Finance, Insurance, And Real Estate) - Hardcover

Ross, Stephen; Westerfield, Randolph; Jordan, Bradford

Hardcover

ISBN 10: 0072946733 ISBN 13: 9780072946734

Publisher: McGraw-Hill Education, 2005

Synopsis

Essentials of Corporate Finance, 5/e by Ross, Westerfield, and Jordan is written to convey the most important concepts and principles of corporate finance at a level that is approachable for a wide audience. The authors retain their modern approach to finance, but have distilled the subject down to the essential topics in 18 chapters. They believe that understanding the “why” is just as important, if not more so, than understanding the “how”, especially in an introductory course. Three basic themes emerge as their central focus:

1.An emphasis on intuition―separate and explain the principles at work on a common sense, intuitive level before launching into specifics. Underlying ideas are discussed first in general terms, then followed by specific examples that illustrate in more concrete terms how a financial manager might proceed in a given situation.

2.A unified valuation approach―Net Present Value is treated as the basic concept underlying corporate finance. Every subject the authors cover is firmly rooted in valuation, and care is taken to explain how decisions have valuation effects.

3.A managerial focus―Students learn that financial management concerns management. The role of financial manager as decision maker is emphasized and they stress the need for managerial input and judgment.

About this title

About the Author:

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.

About this edition

• Publisher: McGraw-Hill Education
• Publication date: 2005
• ISBN 10: 0072946733
• ISBN 13: 9780072946734
• Binding: Hardcover
• Edition number: 5
• Number of pages: 640