Appropriate for courses on principles of finance, managerial finance, financial management, or corporate finance for finance majors and minors at the undergraduate level and first courses in the MBA finance curriculum.
Corporate Finance is the first principles of finance textbook that was written specifically for delivery on an online platform. In this first edition published with FlatWorld, this book’s pioneering digital-first strategy has found a perfect home. The book encourages students to push beyond rote memorization of “how to do the math” to truly understand the meaning of the numbers.
In a typical corporate finance course, a lot of time is spent teaching students the key mathematical concepts, which doesn’t leave much time for teaching applications. Corporate Finance features over 300 videos scripted and recorded by the authors that are embedded throughout the digital version. These videos enable students to practice operations in conjunction with learning key concepts, freeing up valuable class time to learn how to apply these concepts to issues in the world of finance. The videos support online or hybrid instruction particularly well and provide helpful on-demand reviews of concepts to facilitate anytime/anywhere learning.
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Additions & Errata
1/29/23:
- Table 2.4 Preferred dividends line deleted
- Example 12.1 Calue for Operating Margin corrected to 2.41%
- Chapter 12.1 Updated “Operating Leverage and the Operating Profit Margin” video in Explain It
- Equation 14.3 COrrected definition of variables so Sales sub t doesn't appear twice
5/9/22: Figure 18.4 Profit (Payoff) Diagram for One Long Call Option updated to $0 Profit when $St = $X + Premium
2/22/21: Table 10.3, third column label changed to “Year 2” from “Year 3”.
8/25/21: Table 2.5 Balance Sheet heading now reflects Year Ending December 31 ($000s).
01/5/21: Chapter 18, section 5: Videos for Short Put and Long Put updated; spreadsheet for Short Put Profit diagram updated