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Year: 2,016
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Edition: 3rd
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Pages: 904
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Pages In File: 1,248
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Language: English
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Topic: 2
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Identifier: 0077173635,9780077173630
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Org File Size: 31,653,954
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Extension: pdf
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Toc: Title......Page 5Copyright......Page 6Dedication......Page 8Brief table of contents......Page 9Detailed table of contents......Page 11Preface......Page 26Guided Tour......Page 27Connect Page......Page 30About the Author......Page 36Acknowledgements......Page 37Half Title......Page 2Part 1: Overview......Page 431 Introduction to Corporate Finance......Page 451.1 What is Corporate Finance?......Page 461.2 The Goal of Financial Management......Page 541.3 Financial Markets......Page 571.4 Corporate Finance in Action: The Case of Google......Page 65Questions and Problems......Page 69Practical Case Study......Page 74Additional Reading......Page 75Endnote......Page 762 Corporate Governance......Page 772.1 The Corporate Firm......Page 792.2 The Agency Problem and Control of the Corporation......Page 872.3 The Governance Structure of Corporations......Page 1002.4 The OECD Principles of Corporate Governance......Page 1042.5 International Corporate Governance......Page 1112.6 Corporate Governance in Action: Starbucks......Page 115Questions and Problems......Page 117Mini Case......Page 120Additional Reading......Page 121Part 2: Value and Capital Budgeting......Page 1313 Financial Statement Analysis......Page 1323.1 The Statement of Financial Position......Page 1333.2 The Income Statement......Page 1363.3 Taxes......Page 1373.5 Cash Flow......Page 1403.6 Financial Statement Analysis......Page 1433.7 Ratio Analysis......Page 1443.8 The Du Pont Identity......Page 1543.9 Using Financial Statement Information......Page 156Summary and Conclusions......Page 159Questions and Problems......Page 160Exam Question (45 minutes)......Page 166Mini Case......Page 167Additional Reading......Page 170Endnote......Page 1714 Discounted Cash Flow Valuation......Page 1724.1 Valuation: The One-period Case......Page 1734.2 Valuation: The Multi-period Case......Page 1774.3 Compounding Periods......Page 1854.4 Simplifications......Page 189Summary and Conclusions......Page 199Questions and Problems......Page 201Exam Question (45 minutes)......Page 205Mini Case......Page 206Endnotes......Page 2075 Bond, Equity and Firm Valuation......Page 2085.1 Definition and Example of a Bond......Page 2095.2 How to Value Bonds......Page 2115.3 Bond Concepts......Page 2135.4 The Present Value of Equity......Page 2155.5 Estimates of Parameters in the Dividend Growth Model......Page 2205.6 Growth Opportunities......Page 2255.7 The Dividend Growth Model and the NPVGO Model......Page 2295.8 Stock Market Report