Principles of Corporate Finance Global Edition by Brealey, Myers and Allen

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Theoretical work in corporate finance over the past thirty or so years has yielded a bewildering array of individual models, yet Tirole manages to give a beautifully clear and unified treatment of the field. Corporate finance departments in companies focus on solid decision-making for profitable financial results. The book covers a wide range of aspects relevant to corporate finance, illustrated by examples and case studies. Short-term financial management may also involve getting additional credit lines or issuing commercial paper as liquidity backup. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance.

These include white papers, government data, original reporting, and interviews with industry experts. The latest edition in the Principles of Corporate Finance dynasty, the 14th edition continues in its tradition of showing how theory applies to the very practical problems and decisions faced by financial managers. Then the issues become more and more complex, from project analysis and net present value calculations to debt policy and option valuation.

In addition to the usual revisions you would expect, such as up-to-date examples, figures and discussion of current events, new author Alex Edmans brings to the book his expertise in the areas of corporate governance, responsible business and behavioural finance.

With this book, Tirole has provided a comprehensive treatment of modern corporate finance theory in one place with one integrated framework. To continue uninterrupted business services on a regular basis it is required to provide enough funds to the related parties. This new edition welcomes Alex Edmans to the author team, whose global authority and expertise in corporate governance, responsible business and behavioural finance have been invaluable in bolstering coverage of these topics.

Greater integration of material on international differences in financing and greater discussion of governance systems around the world. Another thing is while maintaining the required amount of funds as a liquid asset it must be needed to consider profitability also.

Richard Brealey and Stewart Myers and Franklin Allen and Alex Edmans Principles of Corporate Finance https://www. Principles of Corporate Finance is a reference work on the corporate finance theory edited by Richard Brealey, Stewart Myers, Franklin Allen, and Alex Edmans.

It is very comprehensive, and I suppose a bit challenging to get through for those with no finance background, but it is well worth the effort.