Essentials of Corporate Finance, 1st Edition

ISBN: 9780470444658

Essentials of Corporate Finance offers a focused choice for learning the fundamentals of value creation by offering a balance of intuitive conceptual understanding, problem solving and analysis, and decision making skills.

 

Students who understand the intuition underlying the basic concepts of finance are better able to develop the critical judgments necessary to apply financial tools in real decision-making situations. Authors Bob Parrino, Tom Bates, and David Kidwell present a concise treatment of foundational topics while maintaining the same effective Learning by Doing pedagogy found in the successful Fundamentals edition. With WileyPLUS, you come to class prepared after working through ORION’s adaptive learning module, develop problem solving skills with instant feedback on your work, and are guided through examples with Animated Learning by Doing.

 

Essentials of Corporate Finance includes every resource found in Fundamentals, giving you all the resources you need to be successful. This briefer edition will help you develop a clear understanding of the material as well as how to apply Corporate Finance to your future studies and career paths.

Features

  • An Intuitive Approach: Explaining finance concepts in an intuitive context helps students develop a richer understanding of those concepts and gain better insights into how finance problems can be approached. Building Intuition boxes provide a statement of an important finance concept along with an intuitive example or explanation to help the student “get” the concept.
  • Learning by Doing applications contain quantitative problems with step-by-step solutions to help students better understand how to apply their intuition and analytical skills to solve problems.  This unique feature takes the stepped-out problem beyond other texts by offering “approaches” students can take to solve each problem.
  • Decision-Making Examples emphasize the decision-making process along with computation and provide students at all levels with experience in financial decision-making.
  • Adaptive Learning: WileyPLUS is equipped with an adaptive learning module called ORION. Based on cognitive science, WileyPLUS with ORION, provides students with a personal, adaptive learning experience so they can build their proficiency on topics and use their study time most effectively. WileyPLUS with ORION helps students learn by learning about them.
Robert Parrino
University of Texas, Austin

David S. Kidwell
University of Minnesota

Thomas Bates
Arizona State University

PART 1 INTRODUCTION
1. The Financial Manager and the Firm

PART 2 FOUNDATIONS
2. The Financial System and the Level of Interest Rates
3. Financial Statements, Cash Flows, and Taxes
4. Analyzing Financial Statements

PART 3 VALUATION OF FUTURE CASH FLOWS
5. The Time Value of Money, Discounted Cash Flows, and Valuation
6. Risk and Return
7. Bond Valuation and the Structure of Interest Rates
8. Stock Valuation

PART 4 CAPITAL BUDGETING DECISIONS
9. The Fundamentals of Capital Budgeting
10. Cash Flows and Capital Budgeting
11. The Cost of Capital

PART 5 FINANCING DECISIONS
12. Working Capital Management
13. How Firms Raise Capital
14. Capital Structure Policy
15. Dividends, Stock Repurchases, and Payout Policy

PART 6 FINANCIAL PLANNING
16. Financial Planning and Managing Growth

PART 7 INTERNATIONAL DECISIONS
17. International Financial Management

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E-Text: 9781118799918
E-Text + WileyPLUS with ORION: 9781119386551
Binder Version: 9781118218105
Binder Version + WileyPLUS with ORION: 9781118850251
Textbook: 9780470444658
Texbook + WileyPLUS with ORION: 9781118868416