Corporate Finance

Front Cover
Irwin, 1993 - Business & Economics - 345 pages
Corporate Finance, by Ross, Westerfield, Jaffe and Jordan was written to convey the most important corporate finance concepts and applications as a level that is approachable to the widest possible audience. The concise format, managerial context and design, and student-friendly writing style are key attributes in this text. We took the best from RWJ Fundamentals and RWJ Corporate to create a book that fits an underserved need in the market. RWJJ Core Principles strikes a balance by introducing and covering the essentials, while leaving more specialized topics to follow-up courses. This text distills the subject of corporate finance down to its core, while also maintaining a deciding modern approach. The well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool.

From inside the book

 

Contents

Introduction to Corporate Finance
4
Accounting Statements and Cash Flow
5
First Principles of Finance Advanced
21
Copyright

29 other sections not shown

Common terms and phrases

acquisition after-tax annual ANSWERS TO CONCEPT Assume balance sheet bankruptcy beta borrowing break-even Calculate call option capital gains capital structure cash balance CHAPTER MISSION STATEMENT common stock CONCEPT TEST convertible bond cost of capital cost of equity coupon covariance Current assets depreciation described in Problem dollar EBIT equal exchange rate exercise price expected return firm firm's fixed assets forward contract future value futures contract holding period return income increase interest rate inventory investment investor issue lease payment loan Long-term debt market portfolio market value million net present value number of shares Operating cash flow opportunity cost payoff premium present value Problem 11 Problem 9 purchase rate of return ratio securities sell shareholders shares of stock shares outstanding Solution 11 Solution 9 standard deviation STATEMENT The purpose stock price stockholders Suppose tax rate tax shield unlevered variance WACC warrants yield to maturity zero

About the author (1993)

Stephen Alan Ross was born in Boston, Massachusetts on February 3, 1944. He received a bachelor's degree in physics from the California Institute of Technology and a Ph.D. in economics from Harvard University. Before joining the M.I.T. Sloan School of Management faculty, he taught at the Wharton School at the University of Pennsylvania and at Yale University. He was a seminal theorist whose worked for over three decades to reshape the field of financial economics. He was best known for developing what is called the arbitrage pricing theory. He also created the term agency theory and pioneered what is known as the binomial model for pricing stock options. He wrote more than 100 articles about finance and economics and was the co-author of the textbook Corporate Finance. He received numerous awards including the Jean-Jacques Laffont Prize from the Toulouse School of Economics in 2007 and the Deutsche Bank Prize in Financial Economics in 2015. He died from sudden cardiac arrest on March 3, 2017 at the age of 73.

Bibliographic information

TitleCorporate Finance
AuthorsStephen A. Ross, Robert C. Hanson, Randolph W. Westerfield
EditorRobert C. Hanson
Edition3
PublisherIrwin, 1993
Original fromCornell University
DigitizedAug 16, 2011
ISBN0256094888, 9780256094886
Length345 pages
Subjects ›  › 

Business & Economics / Corporate Finance / General
  
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