ebook - Fundamentals of Corporate Finance 8E

Fundamentals of Corporate Finance 8e combines an applied introduction of concepts with a clear and strong focus on learning outcomes. Based on the principle that students’ understanding of corporate finance should be developed in terms of a few integrated and powerful ideas it has 3 basic themes at its core:1. An emphasis on intuition: It separates and explains key principles on a common-sense intuitive level before launching into specifics. The intuitive organisation of chapters also means that traditionally ‘more-difficult’ topics arise as a natural extension to the work that has gone before.2. A unified valuation approach: Net present value (NPV) is treated as the basic concept underlying corporate finance.3. A managerial focus: It emphasises the role of the financial manager as a decision maker and the need for managerial input and judgement is stressed.Up-to-date examples and cases in all chapters make the 8th edition a comprehensive manual of applied financial management covering financial hot topics and focus areas as well as a historic overview of developments in (and lessons learned from) equity and debt markets. Cases focusing on well-known ANZ and international companies show how recognisable organisations put corporate finance into practice and how real-world events such as the COVID-19 pandemic affect some of their corporate finance decisions. This new edition is even more flexible than its predecessors offering flexibility of coverage to unit coordinators in designing their courses.