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Brealey,
Fundamentals of Corporate Finance, 11e, is an introduction to corporate finance focusing on how companies invest in real assets, how they raise the money to pay for the investments, and how those assets ultimately affect the firm's value. It also provides a broad overview of the financial landscape. The book offers a framework for systematically thinking about most of the important financial problems that both firms and individuals are likely to confront: financial management is important, interesting, and challenging.
Fundamentals focuses on setting out the basic principles of financial management and applying them to the main decisions faced by the financial manager. The text is also organized around the key concepts of modern finance. These concepts, properly explained, simplify the subject. They are also practical. Financial management tools are easier to grasp and use effectively when presented in a consistent conceptual framework.
List of contents
Part 1 Introduction1 Goals and Governance of the Corporation
2 Financial Markets and Institutions
3 Accounting and Finance
4 Measuring Corporate Performance
Part 2 Value5 The Time Value of Money
6 Valuing Bonds
7 Valuing Stocks
8 Net Present Value and Other Investment Criteria
9 Using Discounted Cash-Flow Analysis to Make Investment Decisions
10 Project Analysis
Part 3 Risk11 Introduction to Risk, Return, and the Opportunity Cost of Capital
12 Risk, Return, and Capital Budgeting
13 The Weighted-Average Cost of Capital and Company Valuation
Part 4 Financing14 Introduction to Corporate Financing
15 How Corporations Raise Venture Capital and Issue Securities
Part 5 Debt and Payout Policy16 Debt Policy
17 Payout Policy
Part 6 Financial Analysis and Planning18 Long-Term Financial Planning
19 Short-Term Financial Planning
20 Working Capital Management
Part 7 Special Topics21 Mergers, Acquisitions, and Corporate Control
22 International Financial Management
23 Options
24 Risk Management
Part 8 Conclusion25 What We Do and Do Not Know about Finance
About the author
Richard A. Brealey - Emeritus Professor of Finance at London Business School. He is the former president of the European Finance Association and a former director of the American Finance Association. He is a fellow of the British Academy and has served as a special adviser to the Governor of the Bank of England and director of a number of financial institutions. Other books written by Professor Brealey include Introduction to Risk and Return from Common Stocks.
