Fundamentals of Corporate Finance 8e combines an applied introduction of concepts, with a clear and strong focus on learning outcomes. Based on the principle that students' understanding of corporate finance should be developed in terms of a few integrated and powerful ideas, it has 3 basic themes at its core:
1. An emphasis on intuition: It separates and explains key principles on a common-sense, intuitive level before launching into specifics. The intuitive organisation of chapters also means that traditionally more-difficult topics arise as a natural extension to the work that has gone before.
2. A unified valuation approach: Net present value (NPV) is treated as the basic concept underlying corporate finance.
3. A managerial focus: It emphasises the role of the financial manager as a decision maker, and the need for managerial input and judgement is stressed.
Up-to-date examples and cases in all chapters make the 8th edition a comprehensive manual of applied financial management, covering financial hot topics and focus areas, as well as a historic overview of developments in (and lessons learned from) equity and debt markets. Cases from well-known ANZ and international companies show how recognisable organisations put corporate finance into practice, and how real-world events such as the COVID-19 pandemic affect some of their corporate finance decisions. This new edition is even more flexible than its predecessors, offering flexibility of coverage to unit coordinators in designing their courses.
1. An emphasis on intuition: It separates and explains key principles on a common-sense, intuitive level before launching into specifics. The intuitive organisation of chapters also means that traditionally more-difficult topics arise as a natural extension to the work that has gone before.
2. A unified valuation approach: Net present value (NPV) is treated as the basic concept underlying corporate finance.
3. A managerial focus: It emphasises the role of the financial manager as a decision maker, and the need for managerial input and judgement is stressed.
Up-to-date examples and cases in all chapters make the 8th edition a comprehensive manual of applied financial management, covering financial hot topics and focus areas, as well as a historic overview of developments in (and lessons learned from) equity and debt markets. Cases from well-known ANZ and international companies show how recognisable organisations put corporate finance into practice, and how real-world events such as the COVID-19 pandemic affect some of their corporate finance decisions. This new edition is even more flexible than its predecessors, offering flexibility of coverage to unit coordinators in designing their courses.
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