- Paperback: 672 pages
- Publisher: John Wiley & Sons; 2nd Edition edition (26 Aug 2005)
- Language English
- ISBN-10: 0471660930
- ISBN-13: 978-0471660934
- Product Dimensions: 19.1 x 2.5 x 23.8 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)
- Amazon Bestsellers Rank: 578,838 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Description
Product Description
Convert theory into solutions
Applied Corporate Finance, Second Edition converts the theory and models in corporate finance into tools that can be used to analyze, understand, and help any business. With this hands–on guide, you can find real solutions to real corporate finance problems, using real–time data.
Offering a user perspective to corporate finance, this text poses three major questions that every business has to answer, and provides the tools and the analytical techniques needed to answer these questions.
1. Where do we invest our resources? (The Investment Decision)
The first part of the book shows how to assess risk and develop a risk profile for a firm, and convert this risk profile into a hurdle rate. You′ll also learn basic rules for estimating the returns on any investment.
2. How should we fund these investments? (The Financing Decision)
Firms generally can use debt, equity, or some combination of the two to fund projects. This part of the book examines the relationship between this choice and the hurdle rate for analyzing projects, and shows how to use the financing decision to maximize firm value. You′ll also find a framework for picking the right kind of security for any firm.
3. How much cash can and should we return to the owners? (The Dividend Decision)
The third part of the book establishes a process for deciding how much cash should be taken out of the business and in what form (dividends or stock buybacks).
The final chapter in the book ties the value of the firm to these three decisions, and provides insight into how firms can enhance value.
Applied Corporate Finance, Second Edition converts the theory and models in corporate finance into tools that can be used to analyze, understand, and help any business. With this hands–on guide, you can find real solutions to real corporate finance problems, using real–time data.
Offering a user perspective to corporate finance, this text poses three major questions that every business has to answer, and provides the tools and the analytical techniques needed to answer these questions.
1. Where do we invest our resources? (The Investment Decision)
The first part of the book shows how to assess risk and develop a risk profile for a firm, and convert this risk profile into a hurdle rate. You′ll also learn basic rules for estimating the returns on any investment.
2. How should we fund these investments? (The Financing Decision)
Firms generally can use debt, equity, or some combination of the two to fund projects. This part of the book examines the relationship between this choice and the hurdle rate for analyzing projects, and shows how to use the financing decision to maximize firm value. You′ll also find a framework for picking the right kind of security for any firm.
3. How much cash can and should we return to the owners? (The Dividend Decision)
The third part of the book establishes a process for deciding how much cash should be taken out of the business and in what form (dividends or stock buybacks).
The final chapter in the book ties the value of the firm to these three decisions, and provides insight into how firms can enhance value.
From the Back Cover
Convert theory into solutions
Applied Corporate Finance, Second Edition converts the theory and models in corporate finance into tools that can be used to analyze, understand, and help any business. With this hands–on guide, you can find real solutions to real corporate finance problems, using real–time data.
Offering a user perspective to corporate finance, this text poses three major questions that every business has to answer, and provides the tools and the analytical techniques needed to answer these questions.
1. Where do we invest our resources? (The Investment Decision)
The first part of the book shows how to assess risk and develop a risk profile for a firm, and convert this risk profile into a hurdle rate. You’ll also learn basic rules for estimating the returns on any investment.
2. How should we fund these investments? (The Financing Decision)
Firms generally can use debt, equity, or some combination of the two to fund projects. This part of the book examines the relationship between this choice and the hurdle rate for analyzing projects, and shows how to use the financing decision to maximize firm value. You’ll also find a framework for picking the right kind of security for any firm.
3. How much cash can and should we return to the owners? (The Dividend Decision)
The third part of the book establishes a process for deciding how much cash should be taken out of the business and in what form (dividends or stock buybacks).
The final chapter in the book ties the value of the firm to these three decisions, and provides insight into how firms can enhance value.
Inside This Book
(Learn More)
First Sentence
In the chapters that follow, we will use firm generically to refer to any business, large or small, manufacturing or service, private or public. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
In the chapters that follow, we will use firm generically to refer to any business, large or small, manufacturing or service, private or public. Read the first page
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Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
0 of 1 people found the following review helpful
Format:Paperback
If you are interested in corporate finance I thoroughly recommend this book. If you are not interested it still might be worth buying.
I bought this book as I had come across Aswath Damodaran's corporate finance lectures on the internet. It worked out this way - who would imagine corporate finance to be interesting? I imagined it to be a dull and generally "worthless" subject however Aswath Damodaran's lectures are entirely different - corporate finance is, curiously enough a very interesting subject.
The book, though, a little less fun than the lectures is an excellent textbook. It deals with the issues in a clear and logical way. It is well written and well presented. I bought to try and get some background into understanding the valuation of companies. I got a lot out of it.
I bought this book as I had come across Aswath Damodaran's corporate finance lectures on the internet. It worked out this way - who would imagine corporate finance to be interesting? I imagined it to be a dull and generally "worthless" subject however Aswath Damodaran's lectures are entirely different - corporate finance is, curiously enough a very interesting subject.
The book, though, a little less fun than the lectures is an excellent textbook. It deals with the issues in a clear and logical way. It is well written and well presented. I bought to try and get some background into understanding the valuation of companies. I got a lot out of it.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
15 reviews
20 of 21 people found the following review helpful
THE BEST BOOK ON THE TOPIC
20 Aug 1999
Format:Paperback
This is not just the best book on corporate finance, but ranks as one of the best technical books I ever read. Extremely well organized with examples not just close to real life but REAL LIFE itself.
The knowledge about brazilian economy is astonishingly accurate.
Forgot to mention the web site that helps the reader. Very useful and updated. A perfect combination.
I Recommend without restrictions.
11 of 11 people found the following review helpful
An indispensable guide
20 Oct 2002
Format:Paperback
This book is one of my best investments I have ever made. It is perfectly suited for 1st year MBA students with no prior exposure to finance. The first principles chart appearing at the beginning of each chapter always drags the students to the basics of why we are doing things. Prof Damodaran seems to be an excellent teacher and makes corporate finance a fun subject. The support web site has wealth of information and most importantly solutions to problems(I have never understood why many books hardly bother to give answers to problems)are given. Don't do a corporate finance course without this book.
9 of 11 people found the following review helpful
Insight of the century. Redefining Wall Street's future.
30 April 1999
Format:Paperback
Damodaran is the greatest professors of all time. At Stern, over 300 students cram to listen to his teachings. This book offers an approach to evaluate what companies and businesses are truly worth and what one can do to turn them around. If you're looking for the book that will redefine Wall Street and boost your company to new heights, this book is definitely the material for you.
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