Fundamentals of Corporate Finance

by Stephen A. Ross, Randolph Westerfield, Bradford Jordan

Corporate Finance , by Ross, Westerfield, Jaffe, and Jordan emphasizes the modern fundamentals of the theory of finance, while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions, rather than a collection of unrelated topics. They develop the central concepts of modern arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. The Twelfth Edition includes many exciting new research findings as well as the incorporation of the Tax Cuts and Jobs Act (TCJA) throughout the text. Connect is proven to deliver better results for students and instructors. Proven content integrates seamlessly with enhanced digital tools to create a personalized learning experience that provides students with precisely what they need, when they need it. With Connect, the educational possibilities are limitless.

Genres: Finance, Business, Textbooks, Reference, School, Nonfiction, Economics

1008 pages, Hardcover

First published October 1, 1992

About the author

Stephen A. Ross is the Franco Modigliani Professor of Financial Economics and a Professor of Finance at the MIT Sloan School of Management.

In the past he occupied the Chair of Sterling Professor of Economics and Finance at Yale University and, before that, he was Professor of Economics and Finance at the Wharton School (University of Pennsylvania).

Reviews

[Pieter · Rating 3 out of 5]

Good introduction to corporate finance for non-finance students. The advanced version is Corporate Finance by Ross, Westerfield and Jaffe.

[Fredrick · Rating 3 out of 5]

Corporate finance is better when handled by Ross.
This is remarkable and good for people with little or no knowledge in finance

[Mohammadreza Khedmati · Rating 4 out of 5]

از ترجمه انتشارات سمت استفاده کردم. کیفیت ترجمه در کل خوب بود اما خوبه که در کنار نسخه ترجمه، به فایل نسخه اصلی هم هر از گاهی نگاه بندازید. در برخی موارد پیش اومده بود که مطلب مهمی کاملا برعکس ترجمه بشه و از طرف دیگه ترجمه از روی یکی از چاپ های اولیه کتاب صورت گرفته. نویسنده اصلی در چاپ جدید کتاب، بعضی مثال ها یا توضیحات گیج کننده رو حذف کرده که در نسخه ترجمه کماکان وجود داره.

[Joshua Shorter · Rating 4 out of 5]

This was a well-organized textbook for my MBA finance class. The outline of the book worked really well for this class, after having been out of the finance classroom for 10 years. The beginning was a quick recap of important finance principles and led through to the more in-depth study required by the MBA program. The examples and case studies used were relevant and the textbook had been updated to include the 2017 tax change and its impact on our studies. This is by no means a light read, but it did well what it set out to accomplish for me and my classmates.

[Minda St. Claire · Rating 3 out of 5]

This is the most "conversational" style writing I have ever experienced in a textbook. While the overall order of the content is logical, and the information is well detailed, it is so hard to dig out the facts from the filler words. The use of "such as", "that is", "however", "which we call", and others causes the reader to lose the train of actual information and instead read the same explanation in three or four different formats for one thing and a glossed over definition of another.

[Kim · Rating 2 out of 5]

Helpful as a supplement to an instructor-led class, however the text was not always clear and the instructor often referred to outside sources in order for the class to understand the concepts.

[Tabitha · Rating 3 out of 5]

Online connect is a fabulous tool! The examples throughout are real world and easy to follow.

[Laurette Greenfield · Rating 3 out of 5]

Finance is like learning another language.

[Francisco Villaseñor · Rating 4 out of 5]

Great text book for introduction to valuation and finances in general

[Francisco Villaseñor · Rating 4 out of 5]

Great introductory text book

[Bookreadingnarcissist · Rating 4 out of 5]

Actually a really good textbook for learning about finance. Problems were great and the solutions manual didn't have any problems and was really clear. solid book. 4/5

[Anusha Punchihawa]

Interesting for finance students

[Chrys · Rating 4 out of 5]

Great book to understand the basics of corporate finance. My only issue is that it is too focused on the mathematical background rather than showing how to develop the problems in Excel, which is the actual way professionals make their calculations nowadays. They do have some boxes explaining the Excel functions but I think it would have been more helpful, practically speaking, if they had just explained the mathematical logic behind the equation briefly and then discussed the rest through Excel examples. Luckily my professor just used the book as a base and in class explained how to resolve problems using Excel. Despite this, it is a good book to get a basic understanding of how to calculate present and future value, rate of return, cash flows, and other financial concepts that any corporate lawyer, accountant and others in the finance industry need to understand.

[Justin Jaeger · Rating 3 out of 5]

Helpful in most cases, but our instructor only really referred to it peripherally. It was required reading for the classes, but many of the examples and detailed operations for deep learning weren't applied by my program. It seems that this book would be best used in a class where the professor has integrated it fully instead of only using it for reference in a maverick course plan.

[Mollie · Rating 3 out of 5]

Reader interest before this course: 1.5/10

Reader interest after this course: 1.75/10

Reader knowledge before this course: .25/10

Reader knowledge after this course: 4/10

This textbook provided me with a rudimentary understanding of many applicable financial principles. Mostly though-it demystified the vernacular and the numbers on Yahoo finance.

[Michele · Rating 1 out of 5]

Boof.

[SparX · Rating 4 out of 5]

Using this book as reference for my Finance Subject (fin221).
Very Helpful.

[S.L. · Rating 2 out of 5]

boooorrrrrrrrrrrring!

[Doug Taylor · Rating 2 out of 5]

As textbooks go, this one isn't so bad. Good examples, well laid out, challenging exercises.

[Tanna Struss · Rating 3 out of 5]

For MBA....