Empowering you for success, Brigham/Ehrhardt's FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 16th edition, equips you with a solid understanding of key theoretical concepts along with practical tools to make effective financial decisions. It emphasizes corporate valuation and its relevance to financial decisions to ensure you see the details as well as the big picture. Chapters connect concepts, value and tools--usually within a fully integrated Excel model that can be applied to situations you may face on the job. Topics expand from fundamentals to strategic finance, linking recent events to the role of finance in business and your personal life. The MindTap Finance digital learning solution is also available. With its relevant and engaging presentation, numerous examples and emphasis on Excel applications, this text provides a comprehensive resource for your academic and business career.
I liked how the authors clearly indicated the importance and connection of the topic of each chapter within the flow of monies within the company. The spreadsheets used to illustrate the concepts were very good. In the spreadsheet problems at the end of most chapters were very helpful. Additionally, it was the first text in my MBA program to do a great job of providing instructions on how to use a financial calculator to solve various time value of money and calculate cash flow calculations.
Suspect this to be written for, and aimed at financial practitioners, rather than students with different backgrounds. Exhaustively thorough. Could use an editor. Or a primer for the lay-person, who is more likely to hear about corporate finance in the context of economy-destroying market bubbles or industry notables like Enron & AIG.
Caveat for technologists - you know that glazed look you see in people when you try to explain what we do, when you don't explain in a way that breaks down the jargon, or relates our discipline to people who don't do what we do for a living? Yeah; you're going to find out what that's like. Be ready to re-read chapters.
Caveat for MBA students relying on Excel - you will find rounding errors in the book in solutions to chapter problems, and they will annoy you greatly if you're learning this discipline for the first time. Brigham and Erhardt offer $10 bounty per number error found in the book - but only for non-rounding numerical errors. Make of that what you will.
Imagine that an e-book edition, heavily cross-referenced, would be useful.
Rating this 3/5. Informs and instructs, but difficult to parse for non-practitioners, and does not replicate answers calculated against common tools.
Didn't really love this book, mostly because it wasn't relevant due to the professor's teaching style and content. There wasn't a lot of crossover. Annoying to me was the amount of errors in the answer key! Do they even check their answers?
I had to use this book for me Corporate Finance class and it's a lot. It has a lot of information in it and the back had the formulas will together which was very helpful.
I read parts of this for my MBA and I’m reading it again to understand the ins and outs of finance in the corporate world. It’s probably the gold standard for understanding finance and it’s been updated through the years regularly.
This is a textbook. The kind of dry textbook that serves its purpose but also serves as an example for why most people don't think about textbooks as being enjoyable.
Book was great in several areas and complemented the professor. It helps lay the foundation and then in advance corporate finance chapters it has relevant examples that are easy to follow and build on foundation ideas