Learn more Download now Shop now Shop now Shop now Shop now Shop now Shop now Shop now Shop now Learn More Shop now Learn more Shop Fire Shop Kindle Learn More Learn more Shop now Learn more

Customer Review

on 6 August 2011
This book is about 10 years old now, but I regard it as one of the better introductory books on corporate finance. Nevertheless, it would be nice to see an updated version of it.
Despite its size, I would love it more if there was as much attention to the theory of mergers, arbitrage, corporate governance... as there is attention to empirical evidence from academic papers. Currently, comprehensive case studies are missing, making it not so useful for seasoned practitioners. Also some things are just wrong. For example: a company that buys back its stock won't trade at its previous price-to-earnings ratio! Earnings per share will improve, but the stock price stays the same, naturally (ceteris paribus). This is something that was overlooked by the authors, as they are assuming a stable P/E ratio.

But in general a great read, especially for starters!
0Comment|Was this review helpful to you? Report abuse| Permalink
What's this?

What are product links?

In the text of your review, you can link directly to any product offered on Amazon.com. To insert a product link, follow these steps:
1. Find the product you want to reference on Amazon.com
2. Copy the web address of the product
3. Click Insert product link
4. Paste the web address in the box
5. Click Select
6. Selecting the item displayed will insert text that looks like this: [[ASIN:014312854XHamlet (The Pelican Shakespeare)]]
7. When your review is displayed on Amazon.com, this text will be transformed into a hyperlink, like this:Hamlet (The Pelican Shakespeare)

You are limited to 10 product links in your review, and your link text may not be longer than 256 characters.

Product Details

3.6 out of 5 stars
£88.99+ Free shipping with Amazon Prime