Fundamentals of Corporate Finance Alternate Value 8th Edition (Hardcover)

~ Stephen Ross (Author), (Author), Bradford Jordan (Author) "To begin our study of modern corporate finance and financial management, we need to address two central issues..." (more)
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Product Description

The best-selling Fundamentals of Corporate Finance (FCF) is written with one strongly held principle– that corporate finance should be developed and taught in terms of a few integrated, powerful ideas. As such, there are three basic themes that are the central focus of the book: 1) An emphasis on intuition—underlying ideas are discussed in general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. 2) A unified valuation approach—net present value (NPV) is treated as the basic concept underlying corporate finance. Every subject covered is firmly rooted in valuation, and care is taken to explain how particular decisions have valuation effects. 3) A managerial focus—the authors emphasize the role of the financial manager as decision maker, and they stress the need for managerial input and judgment. The Eighth Edition continues the tradition of excellence that has earned Fundamentals of Corporate Finance its status as market leader. Every chapter has been updated to provide the most current examples that reflect corporate finance in today’s world. The supplements package has also been updated and improved. From a new computerized test bank that is easier than ever to use, to new narrated PowerPoint for students, to new interactive learning modules, student and instructor support has never been stronger. There is also an optional, exciting new web-based program called "McGraw-Hill’s Homework Manager" that will help your students learn corporate finance by duplicating problems from each chapter in the textbook and by providing automatic grading and feedback to both students and instructors.

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.

Bradford D. Jordan is Professor of Finance and Gatton Research Fellow in the Carol Martin Gatton College of Business and Economics at the University of Kentucky. He has a long-standing interest in both applied and theoretical issues in corporate finance, and has extensive experience teaching all levels of corporate finance and financial management policy. Professor Jordan has published numerous articles on issues such as cost of capital, capital structure, and the behavior of security prices.

Product Details

• Hardcover: 960 pages
• Publisher: McGraw-Hill/Irwin; 8 edition (March 21, 2007)
• Language: English
• ISBN-10: 0073282111
• ISBN-13: 978-0073282114
• Product Dimensions: 9.9 x 8.2 x 1.5 inches
• Shipping Weight: 4.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #57,012 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful:

4.0 out of 5 stars A good and readable book on Corporate Finance, September 20, 2005

By	Elijah Chingosho "Dr Elijah Chingosho" (Nairobi, Kenya) - See all my reviews (TOP 1000 REVIEWER)    (REAL NAME)

This review is from: Fundamentals of Corporate Finance Alternate Edition w/Student CD ROM+ PowerWeb + Standard & Poor's Educational Version of Market Insight (Hardcover)

"Fundamentals of Corporate Finance" is a recommended textbook of finance which is simple to read and follow. I am a Senior Engineering manager and wanted to have a good grasp of financial principles and concepts. I found the book to be very user friendly. As I go up the corporate ladder, I need a good grasp of financial concepts and their practical implementation in the real corporate world. This book provided me with most the information I needed.

The book will enable the reader to use the theory underlying corporate financial decisions to assess advanced corporate issues and decisions. The major topics covered in the book include financial statements, valuation of cash flows, capital structure and budgeting, risk and return, use of debt and equity, cash and credit management and international corporate finance, among other topics.

The book has a wide range of learning tools that should facilitate the learning process. Reference to several website reinforces the concepts being presented in the book. Whether one is a student wishing to learn the important subject of finance or a manager wishing to manage the company finances more effectively, this is a good choice of book.

The only limitation I found in the book is its main focus on US systems only with few examples on what is happening in Europe and elsewhere. To learn about the City Institutions (London) or European Stock Exchanges, for example, you have to search for your information elsewhere. Notwithstanding this, I enjoyed reading the book, particularly self-assessing my understanding by attempting the exercises in the CD-ROM which comes with the book.

8 of 9 people found the following review helpful:

5.0 out of 5 stars katz, April 19, 2005

By	katz - See all my reviews

This review is from: Fundamentals of Corporate Finance Alternate Edition w/Student CD ROM+ PowerWeb + Standard & Poor's Educational Version of Market Insight (Hardcover)

Wow! Great! Excellent! Amazing etc.., the list can continue.This is one book that any starter in finance area will want to learn from. Its a power-packed source of information for any student who is just starting to learn finance, however if you are already a pro in finance, then don't even considering this book because you'll finish reading the entire book in a couple of weeks.

I used this book for my exams preparation along with brealey myers text and the combination simply pushed my rank into the outstanding bracket.

This book is particularly useful for the following chapters:
5. Introductio to valuation: time value of money
6. Discounted cash flow - Interesting chapter opening
7. Interest Rates and Bond Valuation - Great Derivations
8. Stock Valuation - Once again great derivation on formula's
9-11: Capital budgeting - will be useful to only absolute starters. I liked the material in Brealey Myers text, it is more advanced
12. Some lessons from corporate market history
13. Return,Risk and Security Market Line
15. Cost of Capital
19-21: Short Term Finance - Best coverage, though not complete in all respects.

Finally one honest note, I didn't know how to produce PV/FV/Annuity tables by myself before I bought this book. Now I able to produce them all by myself.

I you want to dig deeper in finance, just like I am doing, then I suggest you buy this book and principles of corporate finance by brealey myers.This book will provide you with the base that is needed to cover the other book that I mentioned.

0 of 1 people found the following review helpful:

5.0 out of 5 stars Cheaper than college bookstores, June 30, 2009

By	Marc H. Weiss (Waterford, MI USA) - See all my reviews (REAL NAME)

Amazon Verified Purchase

Got a good price on the book, and received the product within a few days. Very happy with the purchase. Had to learn everything from the book because the teacher didn't know how to teach!