Corporate Finance

Corporate Finance has been written for the introductory courses in corporate finance at the MBA level, and for the intermediate courses in many undergraduate programs. The authors emphasize the modern fundamentals of the theory of finance and make the theory come to life with contemporary examples. They present corporate finance as the working of a small number of integrated and powerful intuitions rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. The well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool.