Real options: understand what real options are and why they are important in project valuation; understand and calculate the source of option value; three types of real options: options to abandon/expand/wait. Stewart C. Myers - Emeritus Professor of Financial Economics at MIT’s Sloan School of Management. He is past president of the American Finance Association, a research associate at the National Bureau of Economic Research, a principal of the Brattle Group Inc., and a retired director of Entergy Corporation. His research is primarily concerned with the valuation of real and financial assets, corporate financial policy, and financial aspects of government regulation of business. He is the author of influential research papers on many topics, including adjusted present value, rate of return regulation, pricing and capital allocation in insurance, real options, and moral hazard and information issues in capital structure decisions. Financing is one of the crucial tasks of a corporate finance manager. A better financing decision will lead you to low-cost financing which optimizes funds flow. This principle guides a manager to evaluate all the available alternatives to ensure the minimization of the cost of capital with an optimal risk. Investment Principle Brealey, Principles of Corporate Finance, 14e, 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 the text, 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. The book covers a wide range of aspects relevant to corporate finance, illustrated by examples and case studies. The text starts by explaining basic finance concepts of value, risk, and other principles. Then the issues become more and more complex, from project analysis and net present value calculations to debt policy and option valuation. Other discussed topics include stakeholder theory, corporate governance, mergers and acquisitions, principal–agent problems, credit risk, working capital management, etc. The book concludes with a discussion on the current limitations of corporate finance theory.

I'm currently working on my MBA. I graduated with a 4.0 and a 3.79 for my two undergraduate degrees; I work hard for my grades. In all my currently nine years of higher education I've never come across a more poorly written textbook. There is a lot of math involved, but formulas are rarely clearly given, and algebraic rearrangements of the formulas are interspersed without comment or warning. Examples are wordy and difficult to follow. The index misses many important concepts and the glossary refuses to include any sort of formula to assist with calculations. Looking at what financial managers do and why, the book aims to give readers a solid understanding of theory so that they know what questions to ask when times change and new problems need to be analyzed, eventually standing as a reference and a guide to help them make financial decisions, not just study them. Excel simulations to help students learn and practise using common Excel functions and formulas – now with Integrated Excel.Principles of Corporate Finance - The McGraw-Hill/Irwin Series in Finance, Insurance, and Real Estate. Financial Management In addition to the usual revisions you would expect, such as up-to-date examples, figures and discussion of current events, new author Alex Edmans brings to the book his expertise in the areas of corporate governance, responsible business and behavioural finance. Content changes include: Understand the mathematics of portfolios and how risk affects the value of the asset in equilibrium under the fundaments asset pricing paradigms (CAPM and APT) The latest edition in the Principles of Corporate Finance dynasty, the 14th edition continues in its tradition of showing how theory applies to the very practical problems and decisions faced by financial managers. Dedicated Chapter on What We Do Know and What We Do Not Know about Finance: Discussion on seven major ideas and the ten unsolved problems of finance

This new edition welcomes Alex Edmans to the author team, whose global authority and expertise in corporate governance, responsible business and behavioural finance have been invaluable in bolstering coverage of these topics. A new chapter is entirely dedicated to the subject of balancing shareholder value with promoting the interests of all stakeholders, the potential conflicts inherent in this, and how a responsible business should behave. Understand why financing decisions fundamentally determine the value and cost of capital of the firm. Using a single elementary model Tirole brings out with refreshing ease an unsuspected unity and simplicity in a field that might otherwise be perceived as dishearteningly fragmented and complex. This masterful book will be a formidable teaching tool at the graduate level and an essential reference for research in corporate finance."—Marco Pagano, Professor of Economics, University of Naples Federico II Retaining the right amount of cash or cash equivalent on hand is not an easy job but corporate finance provides a guideline on how you can ensure the right amount of liquid fund to continue uninterrupted services. Another thing is while maintaining the required amount of funds as a liquid asset it must be needed to consider profitability also. As the surplus amount holding on hand will not generate any revenue so proper planning is necessary to optimize profitability and liquidity. Principles of Working Capital ManagementSample CFA questions: over a thousand additional questions for the CFA exams in partnership with Kaplan Schweser. The field of corporate finance has developed rapidly and extensively in the last twenty years, but those who want to teach it face a barrier: the absence of a widely accepted textbook. Jean Tirole's book fills that gap. Applying his celebrated analytical and expositional skills, Tirole synthesizes and unifies the field in a clear and accessible manner, emphasizing particularly the connections between corporate finance and contract theory and the role of incentives and control in firms' financial decisions. The result is a book that will be an important resource for students and teachers alike."—Oliver Hart, Andrew E. Furer Professor of Economics, Harvard University Professor of Finance and Economics, Imperial College London, and Emeritus Nippon Life Professor of Finance at the Wharton School of the University of Pennsylvania. He is past president of the American Finance Association, Western Finance Association, Society for Financial Studies, Financial Intermediation Research Society, and Financial Management Association. His research has focused on financial innovation, asset price bubbles, comparing financial systems, and financial crises. He is Director of the Brevan Howard Centre for Financial Analysis at Imperial College Business School.

For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more. Internal control works as a success factor in corporate finance. The more internal control exists in your organization the less mismanagement of recording and management of funds will be there. A better internal control actually helps to increase the efficiency in the different field of an organization. If a corporate finance manager works for the management of the internal control system, then the overall functionality and proper use of financial assets will be ensured. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our Creating accessible products is a priority for McGraw Hill. We make accessibility and adhering to WCAG AA guidelines a part of our day-to-day development efforts and product roadmaps. There have been several changes to chapter structure as well as expanded discussion of issues that have grown in importance since the previous edition including behavioural finance, and financial innovation driven by AI, big data and cloud computing. It has also grown to take a more international focus, to bring in more information and perspectives on major developing economies such as China and India, and looking at how financing and governance systems differ around the world.Professor of Finance and Economics, Imperial College London, and Nippon Life Professor of Finance at the Wharton School of the University of Pennsylvania. He is past president of the American Finance Association, Western Finance Association, Society for Financial Studies, Financial Intermediation Research Society, and Financial Management Association. His research has focused on financial innovation, asset price bubbles, comparing financial systems, and financial crises. He is executive director of the Brevan Howard Centre for Financial Analysis at Imperial College Business School. A. Brealey, S.C. Myers and F. Allen. Principles of Corporate Finance. McGraw-Hill Irwin. Syllabus Assessment Assessment Summative Professor of Financial Economics at MIT’s Sloan School of Management. He is past president of the American Finance Association, a research associate at the National Bureau of Economic Research, a principal of the Brattle Group, Inc., and a retired director of Entergy Corporation. His research is primarily concerned with the valuation of real and financial assets, corporate financial policy, and financial aspects of government regulation of business. He is the author of influential research papers on many topics, including adjusted present value (APV), rate of return regulation, pricing and capital allocation in insurance, real options, and moral hazard and information issues in capital structure decisions.

Some societies use Oxford Academic personal accounts to provide access to their members. See below. With this book, Tirole has provided a comprehensive treatment of modern corporate finance theory in one place with one integrated framework. As a bonus, he also describes many of the important empirical results in corporate finance and how they relate to the theories. The book will be a valuable asset to students (and professors) of corporate finance."—Steve Kaplan, Neubauer Family Professor of Entrepreneurship and Finance, University of Chicago Graduate School of BusinessThe module will cover the fundamental concepts and tools underlying corporate finance. Aims and Objectives Aims and Objectives Learning Outcomes Learning Outcomes If taken as part of a BSc degree, the following course(s) must be attempted before this course may be taken: