Corporate Finance: A Systematic Approach

This textbook provides a comprehensive and systematic approach to corporate finance, covering topics such as firm ownership and control, the Modigliani-Miller propositions, options and corporate finance, and behavioral finance versus corporate finance. It also considers the growing importance of the Asian economy and financial markets and constructs the P-index to measure and compare the risk structures of US and Chinese stocks and stock indexes. It is a primary text for introductory and intermediate courses in corporate finance and can also be useful for Ph.D. students and professionals.

Format: Hardback
Length: 210 pages
Publication date: 21 March 2023
Publisher: Springer Verlag, Singapore

This comprehensive textbook takes a systematic approach to delving into the diverse subjects within corporate finance. The chapters seamlessly integrate existing concepts with real-world examples and captivating stories, making it effortless for students to grasp and apply financial tools. By doing so, the book aims to clarify misconceptions prevalent in the literature on various topics related to firm ownership and control, the challenges posed by the Modigliani-Miller first and second propositions, the interplay between options and corporate finance, the distinction between behavioral finance and corporate finance, and more.

In recognition of the increasing significance of the Asian economy and financial markets in recent years, the book incorporates the P-index, a valuable tool for measuring and comparing the risk structures of US and Chinese stocks and stock indexes. This book serves as a primary text designed for introductory courses in corporate finance at the M.B.A. level and for intermediate courses in undergraduate programs. However, it is also an invaluable resource for Ph.D. students and professionals alike.

The textbook is organized into eight chapters, each dedicated to exploring a specific aspect of corporate finance. The first chapter provides an overview of the field, introducing key concepts and frameworks. Subsequent chapters delve into topics such as capital budgeting, financial statement analysis, risk management, and investment strategies. Each chapter is accompanied by detailed explanations, practical examples, and case studies to reinforce the learning process.

Furthermore, the book recognizes the evolving nature of the corporate finance landscape and addresses emerging trends and challenges. It explores the impact of globalization, technological advancements, and regulatory changes on firms and financial markets. The authors provide insights into the strategies adopted by companies to navigate these complexities and achieve sustainable growth.

In conclusion, this textbook is a comprehensive and engaging resource that offers a thorough understanding of corporate finance. Its systematic approach, real-world examples, and practical applications make it an essential tool for students, professionals, and anyone interested in the field. By addressing misconceptions and providing insights into emerging trends, the book equips readers with the knowledge and skills necessary to excel in corporate finance and make informed decisions in today's dynamic business environment.

Weight: 506g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811991189
Edition number: 1st ed. 2023