Essentials of Corporate Finance

Essentials of Corporate Finance Binder Ready Version offers a focused choice for instructors teaching 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. This text is an unbound, binder-ready edition. WileyPLUS sold separately from text.

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 AND RISK

5. The Time Value of Money

6. Discounted Cash Flows and Valuation

7. Risk and Return

8. Bond Valuation and the Structure of Interest Rates

9. Stock Valuation

PART 4 CAPITAL BUDGETING DECISIONS

10. The Fundamentals of Capital Budgeting

11. Cash Flows and Capital Budgeting

12. Evaluating Project Economics and Capital Rationing

13. The Cost of Capital

PART 5 WORKING CAPITAL MANAGEMENT & FINANCING DECISIONS

14. Working Capital Management

15. How Firms Raise Capital

16. Capital Structure Policy

17. Dividends, Stock Repurchases, and Payout Policy

PART 6 BUSINESS FORMATION, VALUATION, AND FINANCIAL PLANNING

18. Business Formation, Growth, and Valuation

19. Financial Planning and Forecasting

PART 7 OPTIONS IN CORPORATE FINANCE AND INTERNATIONAL DECISIONS

20. Options and Corporate Finance

21. International Financial Management

Robert Parrino is the Lamar Savings Centennial Professor of Finance at the McCombs School of Business of The University of Texas at Austin.? He formerly held academic appointments at The University of Chicago, the University of Rochester, and IMADEC University in Vienna. Dr. Parrino's research includes work on corporate governance, financial policies, restructuring, and mergers and acquisitions, as well as research on private equity markets. He has published his research in a number of journals, including the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Law and Economics, Journal of Portfolio Management, and Financial Management. Dr. Parrino has won a number of awards for his research.? He received his PhD from the University of Rochester.

David Kidwell is the Professor of Finance and Dean Emeritus at the Curtis L. Carlson School of Management, University of Minnesota. Dr. Kidwell has over 30 years experience in financial education, as a teacher, researcher, and administrator. He has served as Dean of the Carlson School at the University of Minnesota and of the School of Business Administration at the University of Connecticut. Prior to joining the University of Connecticut, Dr. Kidwell held endowed chairs in banking and finance at Tulane University, the University of Tennessee, and Texas Tech University. He was also on the faculty at the Krannert Graduate School of Management, Purdue University where he was twice voted the outstanding undergraduate teacher of the year.

Thomas Bates is Chair of the Department of Finance at Arizona State University W.P. Carey School of Business.?He received his PhD from The University of Pittsburgh and has held academic positions at the University of Arizona, University of Delaware and the University of Western Ontario.?His research interests include Corporate Finance, Corporate Governance, Mergers and Acquisitions, and Valuation. He has been published in the Journal of Finance, and the Journal of Financial Economics.