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Corporate Finance: The Core

Corporate Finance: The Core

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As any student of the subject will attest to, corporate finance is challenging. Consequently, as the popularity of corporate finance has grown, textbook authors have attempted to make the subject more accessible by de-emphasizing the core theoretical ideas and instead concentrating on the results. In our over 30 years of combined teaching experience, we have found that leaving out core material deemed "too hard" actually makes the subject matter less accessible. The core concepts in finance are simple and intuitive. What makes the subject challenging is that it is often difficult for a novice to distinguish between these core ideas and other intuitively appealing approaches that, if used in financial decision making, will lead to incorrect decisions. De-emphasizing the core concepts that underlie finance strips students of the essential intellectual tools they need to differentiate between good and bad decision making. Therefore, our primary motivation for writing this book was to equip students with a solid grounding in the core financial concepts and tools needed to make good decisions.
In author's experience, students learn best when the material in a course is presented as one unified whole rather than a series of separate ideas. As such, this book presents corporate finance as an application of a subset of simple, powerful ideas. At the heart of this core is the principle of the absence of arbitrage opportunities, or Law of One Price. Authors use the Law of One Price as a compass; it keeps financial decision makers on the right track.
Your key to success is inside.

Формат: 20 см x 25 см.