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Synopsis
This text explores corporate finance for undergraduate students. The text is compatible with "Corporate Finance" fourth edition, but is designed for those students who may find it too rigorous. It provides coverage of the time value of money, and learning aids include chapter-opening vignettes from real-world business events, small business examples are integrated throughout and end-of-chapter material reviews concepts and poses critical thinking questions. Principles are separated and explained on a common-sense level before specifics are addressed. The text adopts a unified valuation approach, treating net present value as the basic concept underlying corporate finance and it has a strong managerial focus, placing emphasis on the role of the financial manager as a decision maker.
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About the Author
Stephen Ross is presently the Franco Modigliani Professor of Finance and Economics at the Sloan School of Management, Massachusetts Institute of Technology. One of the most widely published authors in finance and economics, Professor Ross is recognized for his work in developing the Arbitrage Pricing Theory and his substantial contributions to the discipline through his research in signaling, agency theory, option pricing, and the theory of the term structure of interest rates, among other topics. A past president of the American Finance Association, he currently serves as an associate editor of several academic and practitioner journals. He is a trustee of CalTech, a director of the College Retirement Equity Fund (CREF), and Freddie Mac. He is also the co-chairman of Roll and Ross Asset Management Corporation.
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- PublisherRichard d Irwin
- Publication date1997
- ISBN 10 0256164584
- ISBN 13 9780256164589
- BindingHardcover
- LanguageEnglish
- Number of pages826
- Rating
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