The authors different points of view offers students the benefits of a researcher, a practitioner, and an effective classroom instructor and, thus, is designed to help students develop financial intuition and make better decisions. It modernizes the teaching of finance by integrating the major developments made in finance in the last twenty years, such as options, agency theory and new research about the impact of asymmetric information. The organization weaves new material into the numerous examples and the traditional presentations. This edition reflects changes within the corporate world and the issues students encounter today.

• NEW - Options—Applies the important insights of option theory to a wide variety of topics, and provides a natural introduction into real options. For example, option concepts in agency theory, capital budgeting, and capital structure, among many others.

  • Options analysis is one of the most valuable technologies available in finance.

• NEW - Agency Theory—Includes a separate chapter on agency theory and principal-agent problems.

  • Shows how the important insights from this material can be used to solve many practical problems throughout the rest of the book.

• NEW - Corporate Governance—Corporate governance issues are examined in the context of agency theory. For example, describes some of the manager-stockholder conflicts that contributed to the downfall of Enron.

  • Illustrates the importance of contracts and monitoring in the modern corporation.

• NEW - Capital Budgeting—In response to users and reviews capital budgeting is covered earlier in this edition.

  • Reinforces time value of money concepts by covering this topic sooner.

• Fully updated end-of-chapter resources—Users continually give the text high marks for its extensive, interactive student resources including: Bulleted summaries, equation summaries, two levels of questions, problem sets organized from basic to advanced, and mini-cases for almost every chapter.

  • Facilitates student review and practice applying the concepts of the chapter with a variety of homework material.

• NEW - Currency—All of the examples, tables, and figures have been updated to include the current laws, regulations, and data, along with thorough international coverage integrated throughout.

  • Provides students with a modern, up-to-date perspective of finance.

• Focus on the Principles of Finance—In Chapter 2, we describe the twelve principles of finance that provide the foundation for learning finance.

  • Helps students develop and apply financial intuition.

• A Practitioner's Perspective—John Finnerty has worked almost 30 years in the world of finance and, thus, brings a unique perspective to this book. Based on this first-hand experience, John brings the real world of business into the classroom.

• Options—Applies the important insights of option theory to a wide variety of topics, and provides a natural introduction into real options. For example, option concepts in agency theory, capital budgeting, and capital structure, among many others.

  • Options analysis is one of the most valuable technologies available in finance.

• Agency Theory—Includes a separate chapter on agency theory and principal-agent problems.

  • Shows how the important insights from this material can be used to solve many practical problems throughout the rest of the book.

• Corporate Governance—Corporate governance issues are examined in the context of agency theory. For example, describes some of the manager-stockholder conflicts that contributed to the downfall of Enron.

  • Illustrates the importance of contracts and monitoring in the modern corporation.

• Capital Budgeting—In response to users and reviews capital budgeting is covered earlier in this edition.

  • Reinforces time value of money concepts by covering this topic sooner.

• Currency—All of the examples, tables, and figures have been updated to include the current laws, regulations, and data, along with thorough international coverage integrated throughout.

  • Provides students with a modern, up-to-date perspective of finance.

I. FOUNDATIONS.

II. VALUE AND CAPITAL BUDGETING.

III. RISK AND RETURN.

IV. CAPITAL STRUCTURE AND DIVIDEND POLICY.

V. LONG-TERM FINANCING.

VI. WORKING CAPITAL MANAGEMENT.

VII. SPECIAL TOPICS.

Corporate Finance (Graduate / MBA)  [CORE TEXTS]   (Finance)
Intermediate Corporate Finance  (Finance)

Douglas R. Emery is Bank of America Scholar, Professor of Finance, and Finance Department Chair in the School of Business at the University of Miami. For six and a half years, He and John Finnerty were the editors of Financial Management, the signature journal of the Financial Management Association International (FMA). This is their fifth book and their second with John Stowe. Their most recent book together, Debt Management: A Practitioner's Guide, was published by Harvard Business School Press in 2001. In addition to having been an editor, Doug serves or has served as an Associate Editor of Journal of Financial Research, The Financial Review, Journal of Applied Finance, Financial Practice and Education, and FMA Online. He has also served as President of the Southern Finance Association and the Eastern Finance Association, and has been a Director of FMA. His research has been published in a wide variety of journals, including the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Journal of Financial Research, Journal of Accounting Research, Journal of Banking and Finance, Journal of Applied Corporate Finance, Journal of Applied Finance, Decision Sciences, Psychometrika, and the Journal of Marketing Research.

John D. Finnerty is a Principal of Analysis Group/Economics and a Professor of Finance in the Graduate School of Business Administration at Fordham University. He has previously worked for Morgan Stanley & Co., Lazard Freres & Co., Houlihan Lokey Howard & Zukin, PricewaterhouseCoopers, and was the Chief Financial Officer of the College Savings Bank. He currently serves as an Editor of FMA Online and on the advisory boards of the Journal of Portfolio Management and The Financier. He has served as President of the Fixed Income Analysts Society and has been a Director of the Financial Management Association. He has authored, co-authored, or co-edited nine other books, including Debt Management: A Practitioner's Guide. His research has been published in a wide variety of journals, including the Journal of Money, Credit and Banking, Journal of Financial and Quantitative Analysis, Financial Management, Journal of Applied Finance, Journal of Portfolio Management, and Management Science. He co-holds four patents on financial products.

John D. Stowe is Associate Dean, Professor of Finance, and past chair of the finance department in the College of Business at the University of Missouri-Columbia. He has also taught at the University of Oklahoma, Florida International University, University of California-Irvine, and the University of Houston. He is a CFA charterholder. He currently serves as an associate editor of Financial Review and is a past president of the Southwestern Finance Association. In addition to his books with Doug and John, he has recently co-authored Analysis of Equity Investments: Valuation. He has published his research in several journals, including the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Journal of Financial Research, Journal of Investing, Journal of Risk and Insurance, Journal of Economics and Business, Journal of Business Finance and Accounting, Managerial and Decision Economics, and Organizational Behavior and Human Decision Processes.

For the Finance Discipline

FinCoach 2.0: CD-ROM Edition
Handa
©2002   |   Prentice Hall   |   CD-ROM Only   |   Instock
ISBN-10: 0130606189   |   ISBN-13: 9780130606181
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Research Navigator: Resources for College Research
Pearson
©2006   |   Prentice Hall   |   Paper   |   Instock
ISBN-10: 0321186079   |   ISBN-13: 9780321186072
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