Corporate Finance: A Focused Approach

by Michael C. Ehrhardt, Eugene F. Brigham

Relevant, engaging and packed with real-world examples, Ehrhardt/Brigham's CORPORATE FINANCE: A FOCUSED APPROACH, Seventh Edition, emphasizes the financial concepts, skills and technological applications you need to succeed in today's workplace. It covers the latest financial developments while teaching you how to maximize a firm's value in a changing business environment. Completely up to date, the text thoroughly integrates the 2017 Tax Cut and Jobs Act throughout. Numerous hands-on activities and step-by-step instruction help you master the many features and functions of Excel spreadsheets. In addition, the MindTap Finance digital learning solution empowers you to learn on your own terms. Innovative learning tools coupled with the text's focused presentation of corporate finance fundaments will help you quickly become "First in Finance."

Genres: Business, Finance, Textbooks, Nonfiction

864 pages, Hardcover

First published July 24, 2002

Reviews

[Margo · Rating 3 out of 5]

Thank the lord this class is over.

[Alyssa · Rating 1 out of 5]

I have been waiting for this day.
I guess the writers of this book should be happy that most USians have a 6th grade reading level and would never choose to pick up this book. Because for the rest of us that aren't corporate brainwashed schmucks you can easily see the corruption. Can't even make it through the first chapter without having the delulu sprinkled heavily, and anyone with an ounce of critical analysis skills can see right through it. In one sentence saying that maximizing shareholder wealth should be the primary goal of a US corporation and how doing so benefits most of society; while in the next sentence saying that 47% of households don't hold stock so don't directly benefit, then go on to say that 54% of all stocks are owned by the 1% and the next top 9% own an additional 35% leaving only 11% for the bottom 90%. Your own statistics prove your own conclusion false. The bottom 90% have 11% of the benefit, while the top 10% have 89% of the benefit (and, that has actually increased to 93% since this textbook has been written, making the bottom 90% only have 7% of the benefit.)
That's only talking direct benefit. This text doesn't even touch on corporations lobbying govt officials to cut environmental protections because it's cheaper and will 'maximize shareholder wealth' if they're able to dump toxic waste into the water supply of marginalized communities; or any of the sheer number of environmental catastrophes corporations have wreaked upon the land; or the massive pay gap between the top earner and lowest earner in a corporation; or the shitty working conditions; or the corporate greed that puts profits over people. And they can't do that without making it even more blatantly clear how corporatism and putting the wealth of the shareholders over everything is completely destroying our planet.
This shit is all made up - money, the stock market, crpytocurrency, options, calls, puts, - IT IS ALL MADE UP. Thank god I'm done with this textbook because I hated every minute of it.

[Kaitlin · Rating 3 out of 5]

As an MBA student without a Finance Background, there were parts of this book that were incredibly helpful--the end of chapter questions are great, and some concepts were well presented.

I was thankful for the excel toolkit that came along with this because sometimes the concepts were more clear than the language and learning by doing / manipulation was much simpler.

There were some errors in the text--answers were wrong, etc. and that's just absurd/inexcusable for an expensive textbook like this.

[muhammedallia · Rating 2 out of 5]

I read this book as a digital copy through Cengage and it was kind of a terrible online experience. No clickable index with page references or searchability. The introduction to new terms and vocabulary was fine, but the associated Excel documents did not match the text. Nor did the examples translate well into real life use. I spent a lot of time confused, and I'm usually someone who does well with an introductory class book.

[Greg · Rating 4 out of 5]

This is a good textbook for an MBA core course in Finance. It covers two areas needed: securities valuation from an investor perspective and valuing the firm from a management perspective. Some people will be put off by the fact that the authors take the position that management's primary responsibility is to maximize shareholder value and all other stakeholders such as labor, consumers, and the public at large play second-fiddle. The book builds on models of value up to making capital budgeting decisions and value-based management.

[JOSE · Rating 5 out of 5]

Uno pensaría que el libro mas vendido de Finanzas Corporativas es el de Ross o Brealey, no es así. Ehrhardt es el libro de Finanzas Corporativas más leído y usado en los programas de postgrado, debido a la facilidad de entendimiento que hace ameno la comprensión de los conceptos. No es mejor ni peor que los libros Ross o Brealey, es diferente. Super recomendable

[Amanda · Rating 2 out of 5]

the joys of getting an MBA...
i laughed, i cried, it was better than CATS