Applied Corporate Finance 3Ed (Pb 2012)

Key Features Updates the three case studies integrated throughout the book to reflect that latest information Adds a new company, Tata Chemicals, to offer insight on an Asian family group company Presents new discussions on the banking crisis and how it will alter the way they operate in the future Includes updated information on risk-free rates and risk premiums to provide finance professionals with insight into the latest crisis Offers online access to the live project study in the book About the Book: Applied Corporate Finance: 3rd Edition Unlike other books in the field, Applied Corporate Financeprovides finance professionals with practical and succinct adviceon how to do corporate finance rather than debate theory. The thirdedition updates the three case studies integrated throughout thebook to reflect the latest information. A new company, TataChemicals, has also been added. New discussions are included on thebanking crisis and how it will alter the way they operate in thefuture. And updated information is presented on risk-free rates andrisk premiums to provide finance professionals with insight intothe latest crisis. Contents: Chapter 1 The foundations. The Firm: Structural Set-up. First Principles. Corporate Financial Decisions, Firm Value, and Equity Value. A Real-World Focus. A Resource Guide. Some Fundamental Propositions about Corporate Finance. Conclusion. Chapter 2 The Objective in decision making. Choosing the Right Objective. The Classical Objective. Maximize Stock Prices: The Best-Case Scenario. Maximize Stock Prices: Real-World Conflicts of Interest. Alternatives to Stock Price Maximization. Maximize Stock Prices: Salvaging a Flawed Objective. A Postscript: The Limits of Corporate Finance. Conclusion. Live case study: Corporate Governance Analysis. Problems and Questions. Chapter 3 The basics of risk. Motivation and Perspective in Analyzing Risk. Equity Risk and Expected Returns. The Risk in Borrowing: Default Risk and the Cost of Debt. Conclu