Essentials of Corporate Finance

by Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan

Essentials of Corporate Finance, 7th edition by Ross, Westerfield, and Jordan is written to convey the most important concepts and principles of corporate finance at a level that is approachable for a wide audience. The authors retain their modern approach to finance, but have distilled the subject down to the essential topics in 18 chapters. They believe that understanding the "why" is just as important, if not more so, than understanding the "how," especially in an introductory course. Three basic themes emerge as their central focus: 1. An emphasis on intuition--separate and explain the principles at work on a common sense, intuitive level before launching into specifics. Underlying ideas are discussed first in general terms, then followed by specific examples that illustrate in more concrete terms how a financial manager might proceed in a given situation.

2. A unified valuation approach--Net Present Value is treated as the basic concept underlying corporate finance. Every subject the authors cover is firmly rooted in valuation, and care is taken to explain how decisions have valuation effects.

3. A managerial focus--Students learn that financial management concerns management. The role of financial manager as decision maker is emphasized and they stress the need for managerial input and judgment.

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

672 pages, Hardcover

First published January 1, 1996

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

[Ritu]

Winter Section Prereq - OMBA Program Stan State

[Corwin]

I learned about corporate finance during my ECON 1745 class.

[Bernadette]

A decent read. Everything is well explained and the formulas are highlighted in helpful hint boxes.

[Kristy Buzbee]

Mostly pomp and jargon, with little real effort to communicate to someone in need of "essentials."

[Bryce]

The formulas were abbreviated, which is fine, assuming they explain what has been abbreviated. Difficult to understand at times.

[Kabiru]

i is good

[*Layali*]

I only read this for my Managerial Finance class. We will just say that I'm not a fan of finance and happy to be done with the class. :)

[Shaharayar Ahmed]

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