Applied Corporate Finance provides a user's perspective to corporate finance, by posing the three major questions that every business has to answer, and then providing the tools and the analytical techniques needed to answer them. The three questions are: 1. Where do we invest our resources? (The Investment Decision) 2. How should we fund these investments? (The Financing Decision) 3. How much cash can and should we return to the owners? (The Dividend Decision). In summary, this is a book about coming up with real solutions to real problems, using real-time data on real companies.
Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University (Kerschner Family Chair in Finance Education). He is well known as the author of several widely used academic and practitioner texts on Valuation, Corporate Finance and Investment Management; as well as a provider of comprehensive data for valuation purposes.
Damodaran is always a great read for those looking for increase their corporate finance and investing knowledge. My copy is a bit dated (from 1997) but the points are nonetheless valid.