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Principles of Corporate Finance

Principles of Corporate Finance

The content of of this title on all formats are the same. Brealey, Principles of Corporate Finance, 13e, describes the theory and practice of corporate finance. We hardly need to explain why financial managers have to master the practical aspects of their job, but we should spell out why down-to-earth managers need to bother with theory. Throughout this book, we show how managers use financial theory to solve practical problems. Much of this book is concerned with understanding what financial managers do and why. But we also say what financial managers should do to increase company value. Some of the biggest changes in this edition were prompted by the tax changes enacted in the U.S. Tax Cuts and Jobs Act passed in December 2017. In the current edition, we have also continued to augment the international content as well as a number of chapters that have been thoroughly rewritten. For example, the material on agency issues in Chapter 12 has been substantially revised. Chapter 13 on market efficiency and behavioral finance is now fresher and more up to date. Chapter 23 on credit risk focuses more on the practical issues of forecasting default probabilities.

Part One: Value

Chapter 1. Introduction to Corporate Finance

Chapter 2. How to Calculate Present Values

Chapter 3. Valuing Bonds

Chapter 4. The Value of Common Stocks

Chapter 5. Net Present Value and Other Investment Criteria

Chapter 6. Making Investment Decisions with the Net Present Value Rule

Part Two: Risk

Chapter 7. Introduction to Risk and Return

Chapter 8. Portfolio Theory and the Capital Asset Pricing Model

Chapter 9. Risk and the Cost of Capital

Part Three: Best Practices in Capital Budgeting

Chapter 10. Project Analysis

Chapter 11. How to Ensure That Projects Truly Have Positive NPVs

Chapter 12. Agency Problems and Investment

Part Four: Financing Decisions and Market Efficiency

Chapter 13. Efficient Markets and Behavioral Finance

Chapter 14. An Overview of Corporate Financing

Chapter 15. How Corporations Issue Securities

Part Five: Payout Policy and Capital Structure

Chapter 16. Payout Policy

Chapter 17. Does Debt Policy Matter?

Chapter 18. How Much Should a Corporation Borrow?

Chapter 19. Financing and Valuation

Part Six: Options

Chapter 20. Understanding Options

Chapter 21. Valuing Options

Chapter 22. Real Options

Part Seven: Debt Financing

Chapter 23. Credit Risk and the Value of Corporate Debt

Chapter 24. The Many Different Kinds of Debt

Chapter 25. Leasing

Part Eight: Risk Management

Chapter 26. Managing Risk

Chapter 27. Managing International Risks

Part Nine: Financial Planning and Working Capital Management

Chapter 28. Financial Analysis

Chapter 29. Financial Planning

Chapter 30. Working Capital Management

Part Ten: Mergers, Corporate Control, and Governance

Chapter 31. Mergers

Chapter 32. Corporate Restructuring

Chapter 33. Governance and Corporate Control around the World

Part Eleven: Conclusion

Chapter 34. What We Do and Do Not Know about Finance

Glossary

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