Customer Reviews

Corporate Financial Management, Solutions Manual

5 star:		(3)
4 star:		(1)
3 star:		(1)
2 star:		(3)
1 star:		(3)

 

 

The third edition of EFS is the best corporate finance textbook/reference available. The text correctly does several things. First, it uses the Principles to tie the topics together. Second, the author's mix of academic and professional experience allows for a book that is both real world and theoretically correct. Third, the book's layout makes it user friendly.

I especially like the integration of agency issues and (real) options throughout the book.

Within the past year, I have taught from Brigham (et al), Ross (et al), Emery (et al) and reviewed Brealey (et al), Block and Hirt, Berk and Demarzo, and Smart (et al). I have Weaver and Weston, but have not reviewed it. Emery Finnerty and Stowe is easily the best textbook and reference. Brigham has dumbed down its text to the point where students do not have enough information to understand a topic. Ross and Brealey continue to write books of mostly theoretical correctness while ignoring usability and consistency. Berk and Demarzo is new, but trends to the Ross style.

The book is appropriate for senior, graduate, and corporate university classes. The book can be used for both core and major courses.

My only complaint as an instructor is the lack of supplemental materials (probably due to its low percent of market share) and relative lack of variation on end of chapter problems. End of chapter questions are excellent.

I am just past half-way in my MBA program. I don't think I have ever encountered a more poorly written book in my academic career. In most every chapter, there is no "big picture" tie-in mentioned or hinted at. Each new paragraph (or new section) seems to just present more information. Attempting to learn about corporate finance by reading this book is like having someone feed you a meal one english pea at a time. Each nugget of knowledge is good, but you can't tell how anything is related. Also it seems that a different person wrote the questions at the end of each chapter. For example, I am trying to answer a question in Chapter 18 about dividend policy. The words "discretionary cash flow" are used in the question. But they are not used anywhere else in the book up to this point! I know this for a fact because I have both the printed copy and the PDF copy (which means I can let the computer search for terms for me). I am not angry at the authors or publishers of this book. But I beg any instructors who are considering this as a text book to use it only as a last resort.

I used this book as an undergraduate at UW-Madison and a graduate at UVa. I found the material helpfull and easy to understand. Great for the undergraduate course, however it is not up to par for graduate level analysis.

I have encountered few graduate texts so carelessly written. Often the concepts seem contradictory until the student re-reads the section multiple times. Seems to be written by math whizzes for math whizzes and foregoes explanation or "big picture" tie-in when the concepts could really benefit from more attention. Sometimes the material seems ingested from external sources and not vetted with the rest of the material. For example, the end of the section on determining risk has two formulae that use 'epsilon,' each formula having a different definition of what that variable means. Stands largely on manipulation of theory/formulae assuming a perfectly efficient market; with that in mind, it's a good text on the theoretical underpinnings of some financial calculations and software, but ineffectively imparts knowledge on adaptation to 'real world' applications.

This book was a required text for Corporate Finance (part of an MBA program). I found this book very, very boring. Still, it covered the topics and provided some examples. I made it through the course with excellent marks - but I can't help but think the author could have cut down on words and still made his point.

Good book if you are having trouble sleeping at night. :)

This book has been a good book for understand basic financial management concepts, but the quality of the paper of the book and the quality of the printed is bad, looks like if somebody got some copies and put the pages together for sale.

This book is a cheap copy ... no color on the pages and you could tell it was a copy of the pages from the book. POOR QUALITY for the price.

I just got the softcover 3rd edition and, while the content is adequate, the physical book itself is awful. The pages are like recycled newsprint, and there is no color (even though there is on my electronic edition) and the print looks like it was made on an old laserprinter with no greyscale. $144 for a softcover should rate better stock with some better ink.

Book arrived ahead of time, in great condition, and as always, a very good valule.

another college text book you really dont need to buy if the teacher uses powerpoint slides