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Principles of Corporate Finance 11th Global Edition

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“Principles of Corporate Finance” is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book, the authors show how managers use financial theory to solve practical problems and as a way to respond to change by showing not just how, but why companies and management act as they do. This text is a valued reference for thousands of practicing financial managers. This Tenth Edition has been rewritten, refreshed, and fully updated to reflect the recent financial crisis and is now accompanied by Connect Finance, an exciting new homework management system.
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Цитаты

  • Adilbek Rustemovцитирует3 года назад
    1. Corporate finance is all about maximizing value.
    2. The opportunity cost of capital sets the standard for investments.
    3. A safe dollar is worth more than a risky dollar.
    4. Smart investment decisions create more value than smart financing decisions.
    5. Good governance matters.
  • Adilbek Rustemovцитирует3 года назад
    Investors will not entrust the firm with their savings unless they are confident that management will act ethically on their behalf. Successful firms have governance systems that help to align managers’ and shareholders’ interests.
  • Adilbek Rustemovцитирует3 года назад
    Managers are not endowed with a special value-maximizing gene. They will consider their own personal interests, which creates a potential conflict of interest with outside shareholders. This conflict is called a principal–agent problem. Any loss of value that results is called an agency cost.

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