Corporate Finance, Global Edition, 6th edition

Published by Pearson (2 August 2024) © 2024

  • Jonathan Berk Stanford University
  • Peter DeMarzo Stanford University
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Products list

Access details

  • Instant access once purchased
  • Offline access via app

Features

  • Learn with videos and interactives*
  • Highlight-to-translate in 100+ languages
  • Practice with quizzes and flashcards
  • AI-powered study support*

*Available for some titles

Products list

Access details

  • Instant access once purchased
  • Offline access via app

Features

  • Learn with videos and interactives*
  • Highlight-to-translate in 100+ languages
  • Practice with quizzes and flashcards
  • AI-powered study support*

*Available for some titles

Title overview

Corporate Finance, Global Edition provides a practical introduction to the principles that drive financial decision-making in modern organisations. Built around the Law of One Price as a unifying valuation framework, it helps learners understand how financial markets operate and how financial decisions create value. Covering topics including financial statement analysis, valuation, capital budgeting, risk and return, financing decisions, corporate governance and international finance, it connects core concepts to real-world business challenges. Clear explanations and realistic examples help learners build a strong foundation in corporate finance and financial analysis.

Develop the analytical skills needed to evaluate investments, value businesses and make informed financial decisions. Learn how to apply financial principles to challenges involving capital budgeting, risk management, financing strategies and corporate performance. Worked examples, data-based exercises and practical applications help strengthen problem-solving abilities and build confidence with financial analysis. Contemporary discussions of topics such as ESG considerations, cryptocurrencies, market efficiency, SPACs and global financial disruptions help learners understand how finance continues to evolve in a changing business environment.

Who It's For

Designed for learners studying corporate finance who want to develop practical financial analysis, valuation and decision-making skills while gaining insight into how finance supports strategic business decisions in global markets.

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Table of contents

  • PART 1: INTRODUCTION
  • The Corporation and Financial Markets
  • Introduction to Financial Statement Analysis
  • Financial Decision Making and the Law of One Price
  • PART 2: TIME, MONEY, AND INTEREST RATES
  • The Time Value of Money
  • Interest Rates
  • Valuing Bonds
  • PART 3: VALUING PROJECTS AND FIRMS
  • Investment Decision Rules
  • Fundamentals of Capital Budgeting
  • Valuing Stocks
  • PART 4: RISK AND RETURN
  • Capital Markets and the Pricing of Risk
  • Optimal Portfolio Choice and the Capital Asset Pricing Model
  • Estimating the Cost of Capital
  • Investor Behavior and Capital Market Efficiency
  • PART 5: CAPITAL STRUCTURE
  • Capital Structure in a Perfect Market
  • Debt and Taxes
  • Financial Distress, Managerial Incentives, and Information
  • Payout Policy
  • PART 6: ADVANCED VALUATION
  • Capital Budgeting and Valuation with Leverage
  • Valuation and Financial Modeling: A Case Study
  • PART 7: OPTIONS
  • Financial Options
  • Option Valuation
  • Real Options
  • PART 8: LONG-TERM FINANCING
  • Raising Equity Capital
  • Debt Financing
  • Leasing
  • PART 9: SHORT-TERM FINANCING
  • Working Capital Management
  • Short-Term Financial Planning
  • PART 10: SPECIAL TOPICS
  • Mergers and Acquisitions
  • Corporate Governance
  • Risk Management
  • International Corporate Finance

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