Financial Theory and Corporate Policy (4th Edition) [Paperback]

Thomas E. Copeland (Author), J. Fred Weston (Author), Kuldeep Shastri (Author)

Book Description

ISBN-10: 0321127218 | ISBN-13: 978-0321127211 | Publication Date: January 10, 2004 | Edition: 4

This classic textbook in the field, now completely revised and updated, provides a bridge between theory and practice. Appropriate for the second course in Finance for MBA students and the first course in Finance for doctoral students, the text prepares students for the complex world of modern financial scholarship and practice. It presents a unified treatment of finance combining theory, empirical evidence and applications.

Product Details

• Paperback: 1024 pages
• Publisher: Addison Wesley; 4 edition (January 10, 2004)
• Language: English
• ISBN-10: 0321127218
• ISBN-13: 978-0321127211
• Product Dimensions: 9.2 x 7.6 x 1.7 inches
• Shipping Weight: 3.7 pounds (View shipping rates and policies)
• Average Customer Review: 2.6 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #86,092 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 14 people found the following review helpful:

2.0 out of 5 stars Disappointing, May 8, 2007

By 

Max Frisch (USA, TX) - See all my reviews

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This review is from: Financial Theory and Corporate Policy (4th Edition) (Paperback)

I had this book for a PhD class in finance and have very few good words to say. The derivations should have been omitted: rarely is anything followed from the beginning to the end; the excerpts that are provided do not give much additional insight. Abundant typos in the formulas. In addition, the context of the models is often poorly presented and I was often left wondering what the situation or some assumptions are. Overall, relatively poorly written.
The book does give an overview of a lot of papers and as long as it is viewed as a starting point to read the papers it is acceptable. Still, the presentation is very fragmented and frustrating, creating a strong desire to read the original papers.

6 of 8 people found the following review helpful:

5.0 out of 5 stars A Good Update to a Classic Text, April 8, 2007

By 

C. Ang "cliff_ang" (Chicago, IL) - See all my reviews
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This review is from: Financial Theory and Corporate Policy (4th Edition) (Paperback)

It took a while before this 4th edition came out. The 2nd and 3rd editions were pretty good, and the 4th ed still contains a lot of the old material. Clearly, this says something about finance theory - but it updates a lot of the empirical results and includes some new/relevant topics. I would have to agree that this book is probably a little shallow for the Ph.D. level, but most Ph.D. corporate finance courses probably would use papers rather than texts. Hence, that's where your actual derivations and the actual author's thought comes from. On the other hand, this book takes a very good approach and the authors are very respected in the field. In terms of a more advanced MBA text, I think that this is the best book available.

1 of 1 people found the following review helpful:

4.0 out of 5 stars Great Book, with room for improvement, February 3, 2011

By 

Arsene Lupin "gentleman cambrioleur" (MN, USA) - See all my reviews
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This review is from: Financial Theory and Corporate Policy (4th Edition) (Paperback)

A perfect book to acquaint students with basic principles of finance theory emphasizing the theory of the firm's investment and financing decisions. To accomplish this goal, this textbook focus on basic concepts of decision making under risk, market efficiency, asset pricing, capital structure and dividend policy. This book is definitely for both a master and PhD levels. I used it in MBA Finance, and it did the trick. Please notice this book has a solution manual sold separately.