Detailansicht
Lessons in Corporate Finance
A Case Studies Approach to Financial Tools, Financial Policies, and Valuation, Wiley Finance Editions
ISBN/EAN: 9781119537830
Umbreit-Nr.: 6919972
Sprache:
Englisch
Umfang: 544 S.
Format in cm:
Einband:
gebundenes Buch
Erschienen am 21.05.2019
Auflage: 2/2019
- Zusatztext
- An intuitive introduction to fundamental corporate finance concepts and methods Lessons in Corporate Finance, Second Edition offers a comprehensive introduction to the subject, using a unique interactive question and answer-based approach. Asking a series of increasingly difficult questions, this text provides both conceptual insight and specific numerical examples. Detailed case studies encourage class discussion and provide real-world context for financial concepts. The book provides a thorough coverage of corporate finance including ratio and pro forma analysis, capital structure theory, investment and financial policy decisions, and valuation and cash flows provides a solid foundational knowledge of essential topics. This revised and updated second edition includes new coverage of the U.S. Tax Cuts and Jobs Act of 2017 and its implications for corporate finance valuation. Written by acclaimed professors from MIT and Tufts University, this innovative text integrates academic research with practical application to provide an in-depth learning experience. Chapter summaries and appendices increase student comprehension. Material is presented from the perspective of real-world chief financial officers making decisions about how firms obtain and allocate capital, including how to: * Manage cash flow and make good investment and financing decisions * Understand the five essential valuation methods and their sub-families * Execute leveraged buyouts, private equity financing, and mergers and acquisitions * Apply basic corporate finance tools, techniques, and policies Lessons in Corporate Finance, Second Edition provides an accessible and engaging introduction to the basic methods and principles of corporate finance. From determining a firm's financial health to valuation nuances, this text provides the essential groundwork for independent investigation and advanced study.
- Kurztext
- Praise for Lessons in Corporate Finance "Lessons in Corporate Finance presents the technical concepts in a very thoughtful manner that, combined with the case illustrations, provide a real window into the world in which CFOs operate every day." -Daniel J. Brennan, Executive Vice President and Chief Financial Officer, Boston Scientific "Asquith and Weiss provide a highly readable, clear, and practical treatment of corporate finance. This book will help any manager make better investment and financing decisions." -Steven Neil Kaplan, Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, The University of Chicago Booth School of Business "Lessons in Corporate Finance, by Asquith and Weiss, provides an intuitive, step-by-step introduction to both the tools and theory of finance. The clarity of the presentation is not surprising given the fact that it is by two academics who changed the theory and practice of corporate finance in the 1980s and 1990s. While clearly useful as a textbook, it is even more suited to finance practitioners who may not be familiar with all the underpinnings of finance theory." -Matthew E. Zames, President, Cerberus Capital Management, Former COO, JP Morgan Chase & Co. What is New in the Second Edition? The second edition of this book differs from the first in two significant ways. First, there is new material throughout, including a new chapter on bankruptcy and restructuring. The new chapter covers the institutional rules (i.e., laws) and economics around firms that enter into financial distress and must restructure or file for bankruptcy. It also covers the two principal sections of U.S. bankruptcy law. The second, and more significant, change is in response to the 2018 Tax Cuts and Jobs Act, passed in the United States in December 2017. This law took effect in January 2018 and represents a major change in the U.S. corporate tax code. Not only did it lower the maximum U.S. corporate tax rate from 35% to 21%, it also substantially altered the corporate tax shield from debt. The law reduces the advantages of debt financing and raises the cost of capital to many firms. This means the methodology used to value a large percentage of firms must also change substantially. These changes, and how to treat them, are covered throughout the book. The deliberate question-and-answer format develops your intuitive understanding of the fundamental principles and tools of corporate finance.
- Autorenportrait
- PAUL ASQUITH is the Gordon Y. Billard professor of finance at M.I.T.'s Sloan School. He is a specialist in corporate finance and has written on all areas of corporate finance including mergers, LBOs, equity issues, dividend policy, and more. LAWRENCE A. WEISS is professor of International Accounting at Tufts University. He is a specialist in accounting and finance and has written on corporate bankruptcy, firm performance, international accounting, mergers, and more.