The book has been substantially revised and now reflect some recent developments in the financial markets or company practice. It also aims to explain aspects of theory and concepts from an Indian perspective. This is a leading text worldwide and has proven to be useful to students and financial managers alike. Throughout the book, the authors show how managers use financial theory to solve practical problems and as a way to respond to change by showing not just how, but why companies and management act as they do.
This text is a valued reference for thousands of practicing financial managers. We hardly need to explain why financial managers have to master the practical aspects of their job, but we should spell out why down-to-earth managers need to bother with theory.
Throughout this book, we show how managers use financial theory to solve practical problems. Much of this book is concerned with understanding what financial managers do and why. But we also say what financial managers should do to increase company value. Some of the biggest changes in this edition were prompted by the tax changes enacted in the U. Tax Cuts and Jobs Act passed in December In the current edition, we have also continued to augment the international content as well as a number of chapters that have been thoroughly rewritten.
For example, the material on agency issues in Chapter 12 has been substantially revised. Chapter 13 on market efficiency and behavioral finance is now fresher and more up to date. Chapter 23 on credit risk focuses more on the practical issues of forecasting default probabilities. Much of this book is concerned with understanding what financial managers do and why. But we also say what financial managers should do to increase company value.
In the current edition, we have also continued to augment the international content as well as a number of chapters that have been thoroughly rewritten. For example, the material on agency issues in Chapter 12 has been substantially revised. Chapter 13 on market efficiency and behavioral finance is now fresher and more up to date. Chapter 23 on credit risk focuses more on the practical issues of forecasting default probabilities. Brealey, Fundamentals of Corporate Finance, 10e, is an introduction to corporate finance and focuses on how companies invest in real assets, how they raise the money to pay for the investments, and how those assets ultimately affect the value of the firm.
It also provides a broad overview of the financial landscape. The book offers a framework for systematically thinking about most of the important financial problems that both firms and individuals are likely to confront. Fundamentals is organized around the key concepts of modern finance.
These concepts, properly explained, simplify the subject. They are also practical. The tools of financial management are easier to grasp and use effectively when presented in a consistent conceptual framework. This text provides that framework. The Solutions Manual, carefully revised by Peter Crabb of Northwest Nazarene University, contains solutions to all basic, intermediate, and challenge problems found at the end of each chapter.
This supplement can be purchased by students with instructor approval or can be packaged with this text at a discount. Within a simple logical framework, axioms are first highlighted and the implications of these important concepts are studied. These implications are used to answer questions about corporate finance, including issues related to derivatives pricing, state price probabilities, dynamic hedging, dividends, capital structure decisions, and risk and incentive management.
Numerical examples are provided, and the mathematics is kept simple throughout. Fundamentals of Corporate Finance's applied perspective cements students' understanding of the modern-day core principles by equipping students with a problem-solving methodology and profiling real-life financial management practices--all within a clear valuation framework.
Skip to content. Financing and Risk Management. Author : Richard A. Brealey,Stewart Myers,Stewart C. Financing and Risk Management Book Review:. Fundamentals of Corporate Finance. Author : Alan J. Fundamentals of Corporate Finance Book Review:. Principles of Corporate Finance. Brealey,Stewart C. Principles of Corporate Finance Book Review:. Principles of Corporate Finance 12 e. Principles of Corporate Finance 12 e Book Review:. Essentials of Corporate Finance.
Author : Stephen A. Ross,Randolph W. Westerfield,Bradford D. Essentials of Corporate Finance Book Review:. Capital Investment and Valuation. Capital Investment and Valuation Book Review:. Fundamentals for Corporate Finance. Myers,Alan J. Fundamentals for Corporate Finance Book Review:. Loose leaf for Principles of Corporate Finance. Loose Leaf Fundamentals of Corporate Finance.
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