Customer Reviews

Handbook of Corporate Finance: A Business Companion to Financial Markets, Decisions and Techniques

5 star:		(1)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

This is an outstanding introductory text in corporate finance for a non business school audience. Prof. Arnold writes this for the experienced manager who has a general understanding of basic accounting, but does not have any background in academic finance. It is also a very good text for those entering an MBA program, and are nervous about the introductory finance course. It is written in a practical manner so that concepts like net present value, internal rate of return and "value creation" are explained with clear English, and math (while present) is kept to a minimum.

A small minority of the content is specific to the United Kingdom. Those in the United States (like myself) should still find this information useful, but specific details about bank financing in Britain, and mergers and acquisitions in "The City" are clearly U.K. specific.

This is an excellent book for those who are looking to teach themselves corporate finance. Because of its down to earth non-textbook style approach a focused read of this book will provide the reader with an equivalent conceptual understanding similar to those who have taken an introductory course in finance at a business school. You won't know all of the math, but you will understand the conceptual content just as well, and possibly better.