Synopses & Reviews
Fundamentals of Corporate Finance, by Richard A. Brealey, Stewart C. Myers and Alan J. Marcus, has been applauded for its modern approach and interesting examples. Professors praise the authors well-organized and thoughtful writing style and their clear exposition of what many students consider difficult material. The authors accomplish this without sacrificing an up-to-date, technically correct treatment of core topic areas. Since this author team is known for their outstanding research, teaching efforts, and market-leading finance textbooks, its no surprise that they have created an innovative, and market-driven revision that is more student friendly than ever. Every chapter has been reviewed and revised to reflect the current environment in corporate finance.
About the Author
Alan Marcus is professor of finance in the Wallace E. Carroll School of Management at Boston College. He received his PHD in Economics from MIT in 1981. Professor Marcus recently has been a visiting professor at the Athens Laboratory of Business Administration and at MIT’s Sloan School of Management and has served as a research associate at the National Bureau of Economic Research. He also established the Chartered Financial Analysts Review Program at Boston College. Professor Marcus has published widely in the fields of capital markets and portfolio management, with an emphasis on applications of futures and options pricing models. His consulting work has ranged from new product development to provision of expert testimony in utility rate proceedings. He also spend two years at the Federal Home Loan Mortgage Corporation (Freddie Mac), where he developed models of mortgage pricing and credit risk, and he currently serves on the Advisory Council for the Currency Risk Management Alliance of State Street Bank and Windham Capital Management Boston.
Table of Contents
Part One: Introduction1- The Corporation and the Financial Manager2- Why Firms Need Financial Markets and Institutions3- Accounting and FinancePart Two: Value4- The Time Value of Money5- Valuing Bonds6- Valuing Stocks7- Net Present Value and Other Investment Criteria8- Using Discounted Cash-Flow Analysis to Make Investment Decisions9- Project AnalysisPart Three: Risk10- Introduction to Risk, Return, and the Opportunity Cost of Capital11- Risk, Return, and Capital Budgeting12- The Cost of Capital and Company ValuationPart Four: Financing13- Introduction to Finance and Governance14- Venture, Capital, IPOs,andSeasoned OfferingsPart Five: Debt and Payout Policy15- Debt Policy16- Payout PolicyPart Six: Financial Analysis and Planning17- Financial Statement Analysis18- Financial Planning19- Short-Term Planning20- Working Capital ManagementPart Seven: Special Topics21- Mergers, Acquisitions, and Corporate Control22- International Financial Management23- Options24- Risk ManagementPart Eight: Conclusion25- What We Do and Do Not Know About Finance