The teaching and the practicing of corporate finance are more challengig and exciting than ever before. The last decade has seen fundamental changes in financial markets and financial instruments. In the early years of the 21st century, we still see announcements in the financial press about such matters as takeovers, junk bonds, financial restructuring, intial public offerings, bankruptcy, and derivatives



Contents :

Part I. Overview

1. Introduction to corporate finance

2. Accounting statements and cash flow

3. Financial planning and growth

Part II. Value and capital budgeting

4. Net present value

5. How to value bonds and stocks

6. Some alternative investment rules

7. Net present value and capital budgeting

8. Risk analysis, real options, and capital budgeting

Part III. Risk

9. Capital market theory : an overview

10. Return and risk : The capital-asset pricing Model (CAPM)

11. An alternative view of risk and return: the arbitrage pricing theory

Part IV. Options, Futures, and Corporate Finance

22. Options and corpora finance : basic concepts

23. Options and corporate finance : extensions and applications

24. Warrants and convertibles

25. Derivatives and hedging risk

Part VII. Short-Term Finance

26. Short-term finance and planning

27. Cash management

28. Credit management

Part VIII. Special topics

29. Mergers and acquisitions

30. Financial distress

31. International corporate finance