Loose-leaf Essentials of Corporate Finance Author: Stephen Ross Randolph Westerfield Bradford Jordan | Language: English | ISBN:
0077405331 | Format: PDF
Loose-leaf Essentials of Corporate Finance Description
Essentials of Corporate Finance, 7th edition by Ross, Westerfield, and Jordan is written to convey the most important concepts and principles of corporate finance at a level that is approachable for a wide audience. The authors retain their modern approach to finance, but have distilled the subject down to the essential topics in 18 chapters. They believe that understanding the “why” is just as important, if not more so, than understanding the “how,” especially in an introductory course. Three basic themes emerge as their central focus:
1. An emphasis on intuition—separate and explain the principles at work on a common sense, intuitive level before launching into specifics. Underlying ideas are discussed first in general terms, then followed by specific 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 is treated as the basic concept underlying corporate finance. Every subject the authors cover is firmly rooted in valuation, and care is taken to explain how decisions have valuation effects.
3. A managerial focus—Students learn that financial management concerns management. The role of financial manager as decision maker is emphasized and they stress the need for managerial input and judgment.
- Loose Leaf: 635 pages
- Publisher: McGraw-Hill/Irwin; 7 edition (May 24, 2010)
- Language: English
- ISBN-10: 0077405331
- ISBN-13: 978-0077405335
- Product Dimensions: 10 x 7.9 x 0.9 inches
- Shipping Weight: 2.2 pounds (View shipping rates and policies)
If you get the Kindle version, and the prof. assigned problems 1 - 5 on p45, good luck feeling confident you are doing the correct homework! The Kindle version does not have page numbers. Apparently software version 3.1 for the kindle does support page numbers, but only on certain books, not including this one.
By AlonFW
I used the book for Intro to finance in my undergraduate studies. The book is very poor at explaining key concepts in finance. Now that I have taken several finance classes I can say with certainty that I do not recommend this book.
The examples in each chapter add little in understanding the underlying concepts. For example some of the problems at the end of chapter on time value of money are complex, and unless you have the answers from the professor you will probably be unable to answer them correctly using the information given in the chapter. Its explanation of the SML line, WACC and BETA, all key concepts for beginners, is similarly vague and not thorough enough to give them a good grasp of financial concepts.
The book does not do a very good job of simplifying concepts in a way that makes them understandable for Intro Finance students. I would recommend other introductory finance books in its place that do a better job of trying to help students to really learn the material by giving more clear examples in the chapter text.
By Jonny123
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