Places emphasis on the fundamentals of the theory of finance and provides contemporary examples. This book develops the central concepts of finance such as arbitrage, net present value, efficient markets, agency theory, and the trade-off between risk and return, and uses them to explain corporate finance with a balance of theory and application.
The book centers on three fundamental themes crucial to understanding corporate finance. It emphasizes the importance of financial management, the role of financial markets, and the impact of financial decision-making on a firm's value. Through a blend of theoretical concepts and practical applications, it aims to equip readers with the necessary tools to analyze financial information and make informed decisions in a corporate environment. This comprehensive approach makes it a valuable resource for students and professionals alike.
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.
Three core themes underpin the exploration of corporate finance in this best-selling text. It emphasizes the importance of understanding the relationship between risk and return, the role of financial markets, and the significance of financial decision-making. Through clear explanations and practical examples, the book provides insights into how these elements influence corporate strategies and performance, making it an essential resource for students and professionals in finance.
Presenting a comprehensive overview of corporate finance, this text is designed for undergraduates taking courses in all areas of finance.
Corporate Finance, by Ross, Westerfield, and Jaffe is a popular textbook that emphasizes the modern fundamentals of the theory of finance, while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions, rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. The well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool. Brad Jordan, known for his successful work on the RWJ Fundamentals and Essentials books, contributed to this edition. His influence will be seen particularly in the writing style with smoother coverage of topics, and the increased quality in the problem material.
The three basic themes that emerge in this student text are an emphasis on working at an intuitive level, a unified valuation approach to corporate finance and a managerial focus emphasising the role of the financial manager as a decision maker.
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