Corporate Finance with Student CD
Ethics in Finance PowerWeb and Standar & Poor
Sobre o livro
Principles of Corporate Finance is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book the authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. The text is comprehensive, authoritative, and modern and yet the material is presented at a common sense level. The discussions and illustrations are unique due to the depth of detail blended with a distinct sense of humor for which the book is well known and highly regarded. This text is a valued reference for thousands of practicing financial managers. Richard A. Brealey and Stewart C. Myers welcome Franklin Allen as a new coauthor to this Eighth Edition. Sometimes the addition of a new coauthor means that one of the existing authors proposes to take a back seat. That is not the case with this team. Dr. Allen¿s addition represents a genuine increase in capacity and brings fresh expertise and ideas to an already tremendously successful textbook and partnership.
Controversies in the field of finance are thoroughly covered throughout the book. The authors lay out the various views on issues, and present their opinions. Users find these very interesting for lively classroom discussions.
Examples from a variety of industries, such as oil, pharmaceutical, gas and electric utilities are included.
Student CD-ROM is Free with every new book sold. The CD includes Interactive Quizzes, Concept Review Questions, PowerPoint presentations, Video Clips, Excel spreadsheet templates, and many useful web links.
Free access to Ethics in Finance Powerweb with every new book sold. This is an online site developed to integrate both theoretical and applied ethics into the classroom. The site includes many recent articles from academic and popular press resources, along with an abstract on each article. In addition, there is a news feed that continually updates the site. It also provides students with Study Tips with self-quizzes, Links to related sites, Current Readings, Weekly Updates, Web Research Guide, and more!
Dr. Allen is a great fit for this product. He is very well known and regarded in the US and abroad. Many faculty will know him either personally or by reputation. He has used the text for many years, and brings many fresh ideas that were implemented in this edition.
This is an important topic worthy of its own chapter.
See new chapter 19 on valuation.
Have the instructor review chapter 24.
Are you aware that Franklin Allen has joined the author team?
Do you spend time covering credit risk? Is this an important topic in your course? How well do your students understand this material? Would it be helpful to have a consolidated chapter that presents this material?
New co-author Franklin Allen. Franklin Allen (University of Pennsylvania¿s Wharton School) has been added to the author team. Dr. Allen is a long-time user of the Brealey/Myers textbook, and his contributions to the Eighth Edition are numerous. He provides a broad range of international examples, worked extensively on the valuation chapter (19), and wrote some of the new content on corporate governance.
New chapter on Credit Risk. This chapter (24) collects topics that were previously scattered across several chapters, but also contains new material. For example, the authors now discuss how banks and other financial institutions measure the value at risk from their loans.
Increased coverage of Corporate Governance. New chapter (34) Governance and Corporate Control was written in response to the numerous recent financial scandals around the world and highlights the importance of good systems of corporate governance. The authors compare global financial markets, institutions and corporate governance and explain why these different systems have developed, along with their relative strengths and weaknesses. Additionally, Chapter 2 contains an expanded section on Corporate Goals and Corporate Governance and Chapter 12 includes a deeper discussion of executive compensation structures and the measurement of managers¿ performance.
Expanded coverage of Behavioral Finance. Behavioral issues are discussed with market efficiency in Chapter 13, and the authors circle back to the topic in later chapters. For example, they ask whether an understanding of behavioral psychology can help us understand new issue pricing, dividend policy and mergers. Behavioral finance is an exciting new research area that is sure to be of interest to both students and instructors.
Rewritten Chapter 16 on Payout Policy. This chapter now speaks more broadly about payout policy, not just about cash dividends. This responds to the growth in stock repurchases as a way to return cash to stockholders. Rewritten Chapter 19, Financing and Valuation. This chapter now shows how to use the weighted average cost of capital to value companies or divisions of companies. By covering valuation after capital structure, the authors are able to introduce and work through more complex and realistic value problems. Streamlined Content. The authors have combined the two chapters on cash management and credit management. As a result, the main tasks of working capital management come through with less clutter. Also, there is no longer a separate chapter on convertible debt and warrants. Instead, they are described in Chapter 25, which reviews the many different kinds of debt that companies issue.
New Excel Treatment. Excel has a new look and feel for this edition! A number of tables/exhibits are now shown in the text as Excel spreadsheets. A ¿live¿ spreadsheet is contained on the book¿s Student CD-ROM and on the Online Learning Center (www.mhhe.com/bma8e), denoted by an icon. Readers can use these spreadsheets to understand better the calculations behind the table and to see the effect of changing the underlying data. A number of end of chapter questions ask students to use the spreadsheets to check that they understand the effect of changing inputs. The questions have been re-evaluated and most of them are new as are the templates. The spreadsheet templates are also available on the Student CD-ROM and on the Online Learning Center, denoted by an icon.
New Concept Review Questions. These questions review the concepts illustrated within a particular chapter. The first three questions are featured in the text, and additional questions are found on the Online Learning Center and Student CD-ROM, denoted by an icon.
More ¿Web-friendly.¿ There are more web references in the text, as well as an updated and expanded list of useful websites at the beginning of each part. New to this edition, we have added Web exercises in selected chapters that give the reader the opportunity to gain experience with useful financial websites.
Broader International Examples. Although international examples have always been a hallmark of this text, the Eighth Edition includes more Latin and Asian influence than in previous editions. For quick reference, international material has been listed in the Global Index at the end of the book.
Updated Mini-cases. Located at the end of selected chapters, these have been revised and include specific questions to guide the case analyses. Answers to the mini-cases are available to instructors on the book¿s website. This text remains one of the most authoritative and comprehensive presentations of financial theory and practice available. The authors continue to reinforce their underlying theme of presenting theory as a way of helping financial managers solve practical problems. Customers can trust Brealey, Myers and Allen to get it right¿both theory and practical applications. This book is a valued reference for thousands of practicing financial managers, and is the leading text worldwide.
S&P Market Insight Problems are included in end of chapter questions and have been expanded. These problems require the use of the Educational Version of Market Insight, taking advantage of Standard & Poor¿s powerful and well-known Compustat database. These problems provide instructors with an easy, online way to incorporate current, real-world data into the classroom. Access to this rich online resource is FREE with every new copy of the book.