Finance: Applications and Theory

by Marcia Millon Cornett, Troy A. Adair Jr., John R. Nofsinger

It’s About Time! Finally, there’s a corporate finance book that incorporates the newest technology to facilitate the learning process, saving time for instructors and students. The Second Edition continues to provide the core topics for the course, highlighting personal examples just as instructors do during their class. New to this edition are unique Quick Response (QR) codes that enable students with smartphones to instantly access online help or explore topics further without ever leaving their page in the book. With Connect Finance, students can take self-graded practice quizzes, homework assignments, or tests, making the learning process more accessible and efficient. An integrated, printable eBook is also included in the package, allowing for anytime, anywhere access to the textbook. Isn’t it time to get the most out of a corporate finance text? Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.

736 pages, Hardcover

First published July 25, 2008

Reviews

[Max DT · Rating 3 out of 5]

I would rate this 3.5 stars if possible.

I liked the presentation of the book in many ways, and the 'Time Out' exercises helped, but often only a fraction of the end-of-chapter questions were coupled with answers at the back of the book. There were many of these questions, but with only a handful providing answers, many couldn't be used to any great effect as you wouldn't know whether you were right or wrong in some cases.

If read in the right way, the content could be surprisingly engaging, which is certainly a positive for a book of this sort, and the case studies dotted throughout certainly had the propensity to hold interest and help to make a topic clearer.

Overall, the book gives a fairly solid introduction to the main areas of Finance in general, with a focus on Corporate Finance. Some chapters focused on introducing other significant areas, however, such as Stocks, Bonds, International Finance, Modern Portfolio Theory etc; all of this alongside many more Corporate Finance-centred topics.

It should be noted that the textbook is American and as such is written very obviously with American students in mind. Everything here is still of value, but some things it touches on or assumes (such as corporate tax rates) may be different in the reader's territory if not the USA.

[Rachel · Rating 2 out of 5]

It wasn't a bad textbook, it just didn't line up with how my instructor taught the course, and so I didn't find it as helpful. This is the only reason I gave it two stars. Otherwise, it was very informative and easy to read.