{"product_id":"fundamentals-of-corporate-finance-isbn-9781119795438","title":"Fundamentals of Corporate Finance","description":"\u003cp\u003e\u003ci\u003e\u003cb\u003eFundamentals of Corporate Finance, 6th Edition\u003c\/b\u003e\u003c\/i\u003e develops the key concepts of corporate finance with an intuitive approach while emphasizing computational skills. This course helps students develop an intuitive understanding of key financial concepts and provides them with problem-solving and decision-making skills. Using an intuitive approach, students develop a richer understanding of corporate finance concepts while also enabling them to develop the critical judgments necessary to apply financial tools in real-world decision-making situations. \u003ci\u003e\u003cb\u003eCorporate Finance, 6e\u003c\/b\u003e\u003c\/i\u003e offers a level of rigor that is appropriate for both business and finance majors and yet presents the content in a manner that students find accessible. \u003c\/p\u003e\u003cp\u003e\u003cb\u003e1 \u003c\/b\u003e\u003cb\u003eThe Financial Manager and the Firm 1-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 The Role of the Financial Manager 1-2\u003c\/p\u003e \u003cp\u003e1.2 Forms of Business Organization 1-7\u003c\/p\u003e \u003cp\u003e1.3 Managing the Financial Function 1-10\u003c\/p\u003e \u003cp\u003e1.4 The Goal of the Firm 1-13\u003c\/p\u003e \u003cp\u003e1.5 Agency Conflicts: Separation of Ownership and Control 1-16\u003c\/p\u003e \u003cp\u003e1.6 The Importance of Ethics in Business 1-22\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEthics Case: Incentives and Ethics: Cross-Selling at Wells Fargo\u003c\/b\u003e \u003cb\u003e1-28\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 The Financial System and the Level of Interest Rates\u003c\/b\u003e \u003cb\u003e2-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 The Financial System 2-2\u003c\/p\u003e \u003cp\u003e2.2 Direct Financing 2-5\u003c\/p\u003e \u003cp\u003e2.3 Types of Financial Markets 2-7\u003c\/p\u003e \u003cp\u003e2.4 Market Efficiency 2-10\u003c\/p\u003e \u003cp\u003e2.5 Financial Institutions and Indirect Financing 2-12\u003c\/p\u003e \u003cp\u003e2.6 The Determinants of Interest Rate Levels 2-16\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Financial Statements, Cash Flows, and Taxes\u003c\/b\u003e \u003cb\u003e3-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Financial Statements and Accounting Principles 3-2\u003c\/p\u003e \u003cp\u003e3.2 The Balance Sheet 3-5\u003c\/p\u003e \u003cp\u003e3.4 The Income Statement and the Statement of Retained Earnings 3-14\u003c\/p\u003e \u003cp\u003e3.5 The Statement of Cash Flows 3-17\u003c\/p\u003e \u003cp\u003e3.6 Tying Together the Financial Statements 3-20\u003c\/p\u003e \u003cp\u003e3.7 Cash Flow to Investors 3-22\u003c\/p\u003e \u003cp\u003e3.8 Federal Income Tax 3-27\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Analyzing Financial Statements\u003c\/b\u003e \u003cb\u003e4-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Background for Financial Statement Analysis 4-2\u003c\/p\u003e \u003cp\u003e4.2 Common-Size Financial Statements 4-4\u003c\/p\u003e \u003cp\u003e4.3 Financial Ratios and Firm Performance 4-7\u003c\/p\u003e \u003cp\u003e4.4 The Dupont System: A Diagnostic Tool 4-22\u003c\/p\u003e \u003cp\u003e4.5 Selecting a Benchmark 4-27\u003c\/p\u003e \u003cp\u003e4.6 Using Financial Ratios 4-30\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEthics Case: A Sad Tale: The Demise of Arthur Andersen\u003c\/b\u003e \u003cb\u003e4-45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 The Time Value of Money\u003c\/b\u003e \u003cb\u003e5-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5\u003cb\u003e.\u003c\/b\u003e1 The Time Value of Money 5-2\u003c\/p\u003e \u003cp\u003e5\u003cb\u003e.\u003c\/b\u003e2 Future Value and Compounding 5\u003cb\u003e-\u003c\/b\u003e4\u003c\/p\u003e \u003cp\u003e5\u003cb\u003e.\u003c\/b\u003e3 Present Value and Discounting 5\u003cb\u003e-\u003c\/b\u003e16\u003c\/p\u003e \u003cp\u003e5\u003cb\u003e.\u003c\/b\u003e4 Additional Concepts and Applications 5\u003cb\u003e-\u003c\/b\u003e22\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Discounted Cash Flows and Valuation\u003c\/b\u003e \u003cb\u003e6-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6\u003cb\u003e.\u003c\/b\u003e1 Multiple Cash Flows 6\u003cb\u003e-\u003c\/b\u003e2\u003c\/p\u003e \u003cp\u003e6\u003cb\u003e.\u003c\/b\u003e2 Level Cash Flows: Annuities 6\u003cb\u003e-\u003c\/b\u003e9\u003c\/p\u003e \u003cp\u003e6\u003cb\u003e.\u003c\/b\u003e3 Level Cash Flows: Perpetuities 6\u003cb\u003e-\u003c\/b\u003e22\u003c\/p\u003e \u003cp\u003e6.4 Cash Flows That Grow at a Constant Rate 6-24\u003c\/p\u003e \u003cp\u003e6.5 The Effective Annual Interest Rate 6-26\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\/Appendix: Deriving the Formula for the Present Value of an Ordinary Annuity\/Problem\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEthics Case: America’s Ailing Drug Prices 6-38\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Risk and Return\u003c\/b\u003e \u003cb\u003e7-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Risk and Return 7-2\u003c\/p\u003e \u003cp\u003e7.2 Holding Period Returns 7-3\u003c\/p\u003e \u003cp\u003e7.3 Expected Returns 7-4\u003c\/p\u003e \u003cp\u003e7.4 Variance and Standard Deviation as Measures of Risk 7-8\u003c\/p\u003e \u003cp\u003e7.5 Arithmetic Average and Geometric (Compounded) Average Returns 7-15\u003c\/p\u003e \u003cp\u003e7.6 Risk and Diversification 7-17\u003c\/p\u003e \u003cp\u003e7.7 Systematic Risk 7-26\u003c\/p\u003e \u003cp\u003e7.8 The Capital Asset Pricing Model 7-31\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEthics Case: Pay for Performance or Just More Pay? The Conflicting Case for CEO Pay\u003c\/b\u003e \u003cb\u003e7-41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Bond Valuation and the Structure of Interest Rates 8-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Corporate Bonds 8-2\u003c\/p\u003e \u003cp\u003e8.2 Bond Valuation 8-4\u003c\/p\u003e \u003cp\u003e8.3 Bond Yields 8-12\u003c\/p\u003e \u003cp\u003e8.4 Interest Rate Risk 8-15\u003c\/p\u003e \u003cp\u003e8.5 The Determinants of Corporate Borrowing Costs 8-18\u003c\/p\u003e \u003cp\u003e8.6 The Term Structure of Interest Rates 8-21\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEthics Case: The Subprime Mortgage Market Meltdown:How Did It Happen?\u003c\/b\u003e \u003cb\u003e8-29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Stock Valuation\u003c\/b\u003e \u003cb\u003e9-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 The Market for Stocks 9-2\u003c\/p\u003e \u003cp\u003e9.2 Common and Preferred Stock 9-7\u003c\/p\u003e \u003cp\u003e9.3 Common Stock Valuation 9-8\u003c\/p\u003e \u003cp\u003e9.4 The General Dividend-Valuation Model 9-11\u003c\/p\u003e \u003cp\u003e9.5 Stock Valuation: Some Simplifying Assumptions 9-12\u003c\/p\u003e \u003cp\u003e9.6 The Relation between R and \u003ci\u003eg \u003c\/i\u003e9-17 Mixed (Supernormal) Growth Dividend Model 9-18\u003c\/p\u003e \u003cp\u003e9.7 Valuing Preferred Stock 9-21\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEthics Case: Insider Trading: Have I Got a Stock Tip for You!\u003c\/b\u003e \u003cb\u003e9-29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 The Fundamentals of Capital Budgeting 10-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 An Introduction to Capital Budgeting 10-2\u003c\/p\u003e \u003cp\u003e10.2 Net Present Value 10-6\u003c\/p\u003e \u003cp\u003e10.3 The Payback Period 10-14\u003c\/p\u003e \u003cp\u003e10.4 The Accounting Rate of Return 10-18\u003c\/p\u003e \u003cp\u003e10.5 Internal Rate of Return 10-19\u003c\/p\u003e \u003cp\u003e10.6 Investment Decisions with Capital Rationing 10-29\u003c\/p\u003e \u003cp\u003e10.7 Capital Budgeting in Practice 10-33\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEthics Case: Going Green: Can Automakers Invest in Environmental Solutions?\u003c\/b\u003e \u003cb\u003e10-45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Cash Flows and Capital Budgeting\u003c\/b\u003e \u003cb\u003e11-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Calculating Project Cash Flows 11-2\u003c\/p\u003e \u003cp\u003e11.2 Estimating Cash Flows in Practice 11-10\u003c\/p\u003e \u003cp\u003e11.3 Forecasting Free Cash Flows 11-23\u003c\/p\u003e \u003cp\u003e11.4 Special Cases 11-25\u003c\/p\u003e \u003cp\u003e11.5 Harvesting an Asset 11-29\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEthics Case: Unilever’s Sustainable Living Plan\u003c\/b\u003e \u003cb\u003e11-37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Evaluating Project Economics\u003c\/b\u003e \u003cb\u003e12-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Variable Costs, Fixed Costs, and Project Risk 12-2\u003c\/p\u003e \u003cp\u003e12.2 Calculating Operating Leverage 12-9\u003c\/p\u003e \u003cp\u003e12.3 Break-Even Analysis 12-11\u003c\/p\u003e \u003cp\u003e12.4 The Economic Break-Even Point 12-15\u003c\/p\u003e \u003cp\u003e12.5 Risk Analysis 12-19\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 The Cost of Capital\u003c\/b\u003e \u003cb\u003e13-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 The Firm’s Overall Cost of Capital 13-2\u003c\/p\u003e \u003cp\u003e13.2 The Cost of Debt 13-7\u003c\/p\u003e \u003cp\u003e13.3 The Cost of Equity 13-13\u003c\/p\u003e \u003cp\u003e13.4 Using the WACC in Practice 13-21\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Working Capital Management\u003c\/b\u003e \u003cb\u003e14-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Working Capital Basics 14-2\u003c\/p\u003e \u003cp\u003e14.2 The Operating and Cash Conversion Cycles 14-5\u003c\/p\u003e \u003cp\u003e14.3 Working Capital Management Strategies 14-10\u003c\/p\u003e \u003cp\u003e14.4 Accounts Receivable 14-13\u003c\/p\u003e \u003cp\u003e14.5 Inventory Management 14-16\u003c\/p\u003e \u003cp\u003e14.6 Cash Management and Budgeting 14-18\u003c\/p\u003e \u003cp\u003e14.7 Financing Working Capital 14-20\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 How Firms Raise Capital\u003c\/b\u003e \u003cb\u003e15-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Bootstrapping 15-2\u003c\/p\u003e \u003cp\u003e15.2 Venture Capital 15-4\u003c\/p\u003e \u003cp\u003e15.3 Initial Public Offering 15-9\u003c\/p\u003e \u003cp\u003e15.4 IPO Pricing and Cost 15-15\u003c\/p\u003e \u003cp\u003e15.5 General Cash Offer by a Public Company 15-19\u003c\/p\u003e \u003cp\u003e15.6 Private Markets 15-22\u003c\/p\u003e \u003cp\u003e15.7 Commercial Bank Loans 15-25\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Capital Structure Policy\u003c\/b\u003e \u003cb\u003e16-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Capital Structure and Firm Value 16-2\u003c\/p\u003e \u003cp\u003e16.2 The Benefits and Costs of Using Debt 16-11\u003c\/p\u003e \u003cp\u003e16.3 Two Theories of Capital Structure 16-24\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix: \u003c\/b\u003e\u003cb\u003eLeasing 16-33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTwo Types of Leases 16-33\u003c\/p\u003e \u003cp\u003eMotivations for Leasing 16-34\u003c\/p\u003e \u003cp\u003eConflicts between Lessees and Lessors 16-37\u003c\/p\u003e \u003cp\u003eEvaluating a Leasing Opportunity 16-39\u003c\/p\u003e \u003cp\u003eSummary of Learning Objective\/Self-Study Problem\/Solution to Self-Study Problem\/Discussion Questions\/Questions and Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Dividends, Stock Repurchases, and Payout Policy\u003c\/b\u003e \u003cb\u003e17-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Dividends 17-2\u003c\/p\u003e \u003cp\u003e17.2 Stock Repurchases 17-7\u003c\/p\u003e \u003cp\u003e17.3 Dividends and Firm Value 17-10\u003c\/p\u003e \u003cp\u003e17.4 Stock Dividends and Stock Splits 17-16\u003c\/p\u003e \u003cp\u003e17.5 Setting a Dividend Payout 17-19\u003c\/p\u003e \u003cp\u003eSummary of Learning Objectives\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Business Formation, Growth, and Valuation\u003c\/b\u003e \u003cb\u003e18-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Starting a Business 18-2\u003c\/p\u003e \u003cp\u003e18.2 The Role of the Business Plan 18-10\u003c\/p\u003e \u003cp\u003e18.3 Valuing a Business 18-11\u003c\/p\u003e \u003cp\u003e18.4 Important Issues in Valuation 18-26\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e19 Financial Planning and Managing Growth\u003c\/b\u003e \u003cb\u003e19-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Financial Planning 19-2\u003c\/p\u003e \u003cp\u003e19.2 Financial Planning Models 19-5\u003c\/p\u003e \u003cp\u003e19.3 A Better Financial Planning Model 19-11\u003c\/p\u003e \u003cp\u003e19.4 Beyond the Basic Planning Models 19-18\u003c\/p\u003e \u003cp\u003e19.5 Managing and Financing Growth 19-20\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e20 Options and Corporate Finance\u003c\/b\u003e \u003cb\u003e20-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 Financial Options 20-2\u003c\/p\u003e \u003cp\u003e20.2 Option Valuation 20-6\u003c\/p\u003e \u003cp\u003e20.3 Real Options 20-15\u003c\/p\u003e \u003cp\u003e20.4 Agency Costs 20-19\u003c\/p\u003e \u003cp\u003e20.5 Options and Risk Management 20-22\u003cbr\u003e\u003cbr\u003eSummary of Learning Objectives\/Summary of Key Equations\/Self-Study Problems\/Solutions to Self-Study Problems\/Discussion Questions\/Questions and Problems\/Sample Test Problems\u003c\/p\u003e \u003cp\u003e\u003cb\u003e21 International Financial Management\u003c\/b\u003e \u003cb\u003e21-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21.1 Introduction to International Financial Management 21-2\u003c\/p\u003e \u003cp\u003e21.2 Foreign Exchange Markets 21-7\u003c\/p\u003e \u003cp\u003e21.3 International Capital Budgeting 21-16\u003c\/p\u003e \u003cp\u003e21.4 Global Money and Capital Markets 21-21\u003c\/p\u003e \u003cp\u003e21.5 International Banking 21-24\u003c\/p\u003e \u003cp\u003eAppendix A Future Value and Present Value Tables A-1\u003c\/p\u003e \u003cp\u003eAppendix B Solutions to Odd Problems B-1\u003c\/p\u003e \u003cp\u003eAppendixC The 2017 Tax Cuts and Jobs Act: Implications for Cash Flow to Investors, the Cost of Capital, and Capital Structure C-1\u003c\/p\u003e \u003cp\u003eGlossary G-1\u003c\/p\u003e \u003cp\u003eSubject Index I-1\u003c\/p\u003e \u003cp\u003eCompany Index I-19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eROBERT PARRINO, Lamar Savings Centennial Professor of Finance, McCombs School of Business, University of Texas at Austin\u003c\/b\u003e\u003cbr\u003eA member of the faculty at University of Texas since 1992, Dr. Parrino teaches courses in regular degree and executive education programs at the University of Texas and in customized executive education courses for industrial, financial, and professional firms. He has also taught at the University of Chicago, University of Rochester, and IMADEC University in Vienna. Dr. Parrino has received awards for teaching excellence at the University of Texas from students, faculty, and the Texas Exes (alumni association).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTHOMAS W. BATES, Dean's Council Scholar and Associate Professor of Finance at the W. P. Carey School of Business, Arizona State University\u003c\/b\u003e\u003cbr\u003eDr. Bates is a Dean’s Council Scholar and Associate Professor of Finance at the W. P. Carey School of Business, Arizona State University. In his current role, he also serves as Director of Executive MBA programs for the W. P. Carey school. Prior to his current appointment, he served as Department Chair of the Department of Finance from 2010 until 2020. Dr. Bates has also held positions as an Associate Professor of Finance and McCoy Rogers Fellow at University of Arizona, and as an Assistant Professor of Finance at both University of Delaware and University of Western Ontario. Dr. Bates received a B.A. in Economics from Guilford College in 1991, and received his doctorate in Financial Economics 2000 from the University of Pittsburgh.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSTUART L. GILLAN, G. Brint Ryan Chaired Professor of Finance in the Ryan College of Business, University of North Texas\u003c\/b\u003e\u003cbr\u003eDr. Gillan is the G. Brint Ryan Chaired Professor of Finance in the Ryan College of Business at the University of North Texas. He has held academic positions at Arizona State University, the University of Delaware, the University of Georgia, the University of Hong Kong, the University of Otago, and Texas Tech University. He has also been a visiting scholar at the Chinese University of Hong Kong, University of Canterbury, the Hong Kong Polytechnic University, and a William Evans Fellow at the University of Otago. In addition to teaching corporate finance classes to undergraduate, masters, MBA, and executive MBA students, Dr. Gillan has taught in customized executive education and corporate programs. He has also been nominated for and received teaching awards.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eDAVID S. KIDWELL (1940-2019), Professor of Finance and Dean Emeritus, Curtis L. Carlson School of Management, University of Minnesota\u003c\/b\u003e\u003cbr\u003eDr. Kidwell had over 30 years experience in financial education, as a teacher, researcher, and administrator. He 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.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989257765093,"sku":"NP9781119795438","price":132.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119795438.jpg?v=1761783408","url":"https:\/\/k12savings.com\/es\/products\/fundamentals-of-corporate-finance-isbn-9781119795438","provider":"K12savings","version":"1.0","type":"link"}