Principles of Corporate Finance 2025 Release By Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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- 1,153
- File size
- 16.2 MB
- Format
- Digital PDF
- Course
- Business
- Category
- eBook[PDF]
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About this ebook
The Principles of Corporate Finance (2025 Release / 15th Edition) by Richard Brealey, Stewart Myers, Franklin Allen, and Alex Edmans is designed to bridge the gap between financial theory and practical application. [1]
The latest edition features a substantial revision spearheaded by Alex Edmans, restructuring long lists into punchy bullet points and introducing real-world case studies (such as GameStop's speculative trading and the impact of COVID-19 on stock risk). [1, 2]
📈 Value and the Investment Decision (Capital Budgeting)
- Foundations of Value: Introduction to basic finance concepts of value, time value of money, and calculating net present value (NPV).
- Risk and Capital Costs: Understanding stock risk, risk and return dynamics, and determining the opportunity cost of capital.
- Project Analysis: Practical complexities in net present value calculations and identifying real options within capital investments. [1, 2, 3]
📉 Long-Term Financing and Risk Management
- Debt Policy & Capital Structure: How companies decide between debt and equity financing, and the effects of leverage on value.
- Option Valuation: Deep dive into financial options, structures, and how they apply to corporate liabilities.
- Credit Risk: Evaluating corporate borrowing boundaries, default risk, and credit management. [1, 2]
🗒 Short-Term Financial Decisions and Planning
- Working Capital Management: Handling daily cash inflows/outflows, inventories, and short-term borrowing needs.
- Financial Planning: Modeling future cash flows and corporate forecasting. [1, 2]
🌟 Corporate Governance, Mergers, and Control
- Mergers and Acquisitions (M&A): The economics, motivations, and execution strategies behind corporate takeovers.
- Corporate Governance & Stakeholder Theory: A heavily updated look at how companies handle principal-agent problems and deliver value to both shareholders and broader stakeholders.
- Theory Limitations: Explores current controversies and limitations within modern corporate finance theory. [1, 2]
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16.2 MB