Corporate Finance [Hardcover]

Stephen A. Ross (Author), Randolph W Westerfield (Author), Jeffrey Jaffe (Author)

Book Description

ISBN-10: 0073105902 | ISBN-13: 978-0073105901 | Publication Date: 2008 | Edition: 8

Corporate Finance, by Ross, Westerfield, and Jaffe is a popular textbook that emphasizes the modern fundamentals of the theory of finance, while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions, rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. The well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool. Brad Jordan, known for his successful work on the RWJ Fundamentals and Essentials books, contributed to this edition. His influence will be seen particularly in the writing style with smoother coverage of topics, and the increased quality in the problem material.

Editorial Reviews

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.

Randoloph W. Westerfield is Dean of the Marshall School of Business at University of Southern California and holder of the Robert R. Dockson Dean’s Chair of Business Administration. From 1988 to 1993, Professor Westerfield served as the chairman of the School’s finance and business economics department and the Charles B. Thornton Professor of Finance. He came to USC from The Wharton School, University of Pennsylvania, where he was the chairman of the finance department and member of the finance faculty for 20 years. His areas of expertise include corporate financial policy, investment management and analysis, mergers and acquisitions, and stock market price behavior. Professor Westerfield has served as a member of the Continental Bank trust committee, supervising all activities of the trust department. He has been consultant to a number of corporations, including AT&T, Mobil Oil and Pacific Enterprises, as well as to the United Nations, the U.S. Department of Justice and Labor, and the State of California.

Product Details

• Hardcover: 926 pages
• Publisher: McGraw-Hill/Irwin; 8 edition (2008)
• Language: English
• ISBN-10: 0073105902
• ISBN-13: 978-0073105901
• Product Dimensions: 10.1 x 8.1 x 1.5 inches
• Shipping Weight: 4 pounds
• Average Customer Review: 3.4 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #60,350 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

9 of 11 people found the following review helpful:

2.0 out of 5 stars Kindle edition not as good as the print edition, December 29, 2009

By 

Epictetus (Hong Kong) (Hong Kong) - See all my reviews

Amazon Verified Purchase

This review is from: Corporate Finance (Kindle Edition)

This together with Brealey & Myers is one of the classic works on finance for practitioners. My plan was to buy it on Kindle so that I could more easily always have it with me as I travelled. The Kindle edition is good, and the illustrations are clear and sharp in the Kindle edition, unlike those in many Kindle books. However, a great drawback in a textbook or reference book is that there is no usable index. Sure, the words of the index have been replicated in the Kindle edition, but to no purpose: there is no way of getting from an entry in the index "e.g. "Risk") to the section of the book to which it refers. For various reasons Kindle books have no page numbers, but it is perfectly possible for the entries in the index of this book (and indeed all Kindle books) to either hyperlink to their subject matter or for a location number to be given instead. Given the very high price of this book, it is disappointing that the publishers chose not to spend a few hundred dollars to get a freelancer to put hyperlinks into the text. My suggestion for anyone who wants to use this book for reference or for studies is to wait until the publisher applies a proper, usable, index to the book, and in the meantime buy a second hand copy of the paper edition.

1 of 1 people found the following review helpful:

1.0 out of 5 stars Look elsewhere, July 22, 2010

By 

S. Williams (Fort Lauderdale, FL USA) - See all my reviews
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This review is from: Corporate Finance (Hardcover)

The Kindle book has no index. No vocabulary pages. No real practice material. No way to search for subject matter. Some of the explanations are fuzzy and incomplete. Not a very good book if you really want to learn the subject. Very difficult to study with.

1 of 1 people found the following review helpful:

4.0 out of 5 stars Corporate Finance, January 31, 2010

By 

Aysha Hellett "MBA student" (Panama City Beach, FL) - See all my reviews
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Amazon Verified Purchase

This review is from: Corporate Finance (Hardcover)

Very informative textbook. Explanations of detailed financial theory and calculations have been very clear and thorough. The authors used fundamentals to help clarify more complicated concepts. Great tool for class!