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The New Corporate Finance: Where Theory Meets Practice (McGraw-Hill/Irwin Series in Finance, Insurance, and Real Est)
 
 
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The New Corporate Finance: Where Theory Meets Practice (McGraw-Hill/Irwin Series in Finance, Insurance, and Real Est) [Paperback]

Donald H Chew

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Product Description

This book is comprised of 45 articles written by top researchers and theorists in finance. The text is meant to bridge the gap between financial theory and practice. It gives instructors a way to introduce students to academic articles edited to eliminate the methodological content. The articles were originally edited for practitioners, so they are perfect for the MBA student. This reader is the perfect packaging option for any of our Corporate Finance texts.

Inside This Book (Learn More)
First Sentence
Most financial economists believe that the primary aim of corporate management is (or, at least, should be) to maximize shareholder value (or, more precisely, "the value of the firm"). Read the first page
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Amazon.com:  2 reviews
5 of 5 people found the following review helpful
Review from MBA / GE student 22 July 2005
By J. Guentert - Published on Amazon.com
This book is excellent reading. Foremost, it discusses clearly all of the major issues today in corporate finance - capital structure, "what investors want", incentives and performance measurement via Accounting versus Economic Value Added models, corporate architecture, etc. The author is extremely engaging, and I must admit, this is the first "text book" I've had that I wanted to keep reading. The author is sarcastic, opinionated, but objective all in one. An excellent purchase for a course or just if you're interested in understanding the way markets and corporate finance truly function.
3 of 8 people found the following review helpful
A good book of ARTICLES but too academic. 27 April 2004
By "roeslan1969" - Published on Amazon.com
Chew's New Corporate Finance is a quite decent book on journal articles on finance issues from a corporate standpoint. Other than your professor's own choice of favourite articles, Chew's may be the next best thing you can get. I won't give it a higher rating (4 or 5 star) because it lacks ground-breaking yet still easy-to-read articles from the less technical journals like Harvard Business Review, etc.

Most of the articles are too academic coming from more or less the same journals. Moreover, the more technical ones have difficult formulas and number-crunching statistics which are more appropriate for MBA and MSc in Finance students, or those in researchers in "high-level derivative work".

I have the second edition (1999) of this book and used it sparingly for my MBA in Finance. And I've browsed through this new edition - what I found was there were not many changes made, only a few new articles have been added. Perhaps inclusion of some non-American articles would do justice to this book. Chew still keeps the classic ones though, which are always relevant. The roundtable discussion on EVA is interesting but Chew does not include criticisms on EVA shortfalls or problems.

On the whole, this text should be a reasonable introduction to high-level Finance and also a good supplementary reading for those doing MBA in Finance. But the editor's selection between technical and easy-to-read-but-important articles still leaves much to be desired.....


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