Corporate Finance, 2nd Edition

The book that fills the practitioner need for a distillation of the most important tools and concepts of corporate finance In today's competitive business environment, companies must find innovative ways to enable rapid and sustainable growth not just to survive, but to thrive. Corporate Finance: A Practical Approach is designed to help financial analysts, executives, and investors achieve this goal with a practice-oriented distillation of the most important tools and concepts of corporate finance. Updated for a post-financial crisis environment, the Second Edition provides coverage of the most important issues surrounding modern corporate finance for the new global economy: Preserves the hallmark conciseness of the first edition while offering expanded coverage of key topics including dividend policy, share repurchases, and capital structure Current, real-world examples are integrated throughout the book to provide the reader with a concrete understanding of critical business growth concepts Explanations and examples are rigorous and global, but make minimal use of mathematics Each chapter presents learning objectives which highlight key material, helping the reader glean the most effective business advice possible Written by the experts at CFA Institute, the world's largest association of professional investment managers Created for current and aspiring financial professionals and investors alike, Corporate Finance focuses on the knowledge, skills, and abilities necessary to succeed in today's global corporate world.

“"Valuable reading not only for grad students and CFA wannabes but also for sophisticated investors and professional managers who want to understand what corporate finance is all about." ( Seeking Alpha , April 2012)”

"Valuable reading not only for grad students and CFA wannabes but also for sophisticated investors and professional managers who want to understand what corporate finance is all about." (Seeking Alpha, April 2012)

MICHELLE R. CLAYMAN, CFA, is Founder, Managing Partner, andChief Investment Officer of New Amsterdam Partners LLC, aninstitutional money management firm in New York City. She has beenpublished in the Financial Analysts Journal and the Journal ofInvesting, and is a frequent commentator for CNBC, Bloomberg, andother financial media outlets. MARTIN S. FRIDSON, CFA, is CEO of FridsonVision LLC inNew York City and is known for his innovative work in creditanalysis and investment strategy. He is the author of severalhighly acclaimed books on financial statement analysis, high-yielddebt, and financial history and is the youngest person everinducted into the Fixed Income Analysts Society Hall of Fame. GEORGE H. TROUGHTON, CFA, is Professor Emeritus ofFinance at California State University, Chico. He is a recipient ofthe C. Stewart Sheppard Award for the advancement of education inthe investment profession as well as the Donald L. Tuttle Award forCFA Grading Excellence.

"This book provides a concise and practical treatment of important topics in corporate finance."--Steven N. Kaplan, Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago Booth School of Business Praise for the First Edition : "Covers the basics of corporate finance--working capital, capital budgeting, M&A, cost of capital, capital structure, and dividend policy--in one volume. Chapters on financial statement analysis and corporate governance give context to the core subjects presented. Corporate Finance: A Practical Approach will be helpful to the student seeking to learn the field and to the experienced practitioner in need of a desk-top reference tool."--Thomas A. King, Treasurer, Progressive Insurance "This text is very comprehensive in its treatment of many issues within corporate finance, making it a great resource for both academics and practitioners."--Tom Arnold, CFA, Assistant Professor of Finance, Robins School of Business, University of Richmond " Corporate Finance teaches future CFA charterholders what they need to know about corporate finance to be successful practitioners. The CFA curriculum, including the substance and pedagogy of this book, is a market-sensitive collaboration between sophisticated practitioners and academics. This approach and this book provide an excellent bridge between the principles and their application to corporate finance."--Douglas R. Emery, Bank of America Scholar and Professor of Finance, University of Miami Don't forget to pick up the Corporate Finance Workbook, Second Edition, a companion study guide that mirrors this text chapter by chapter.

"This book provides a concise and practical treatment of important topics in corporate finance."--Steven N. Kaplan, Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago Booth School of Business Praise for the First Edition : "Covers the basics of corporate finance--working capital, capital budgeting, M&A, cost of capital, capital structure, and dividend policy--in one volume. Chapters on financial statement analysis and corporate governance give context to the core subjects presented. Corporate Finance: A Practical Approach will be helpful to the student seeking to learn the field and to the experienced practitioner in need of a desk-top reference tool."--Thomas A. King, Treasurer, Progressive Insurance "This text is very comprehensive in its treatment of many issues within corporate finance, making it a great resource for both academics and practitioners."--Tom Arnold, CFA, Assistant Professor of Finance, Robins School of Business, University of Richmond " Corporate Finance teaches future CFA charterholders what they need to know about corporate finance to be successful practitioners. The CFA curriculum, including the substance and pedagogy of this book, is a market-sensitive collaboration between sophisticated practitioners and academics. This approach and this book provide an excellent bridge between the principles and their application to corporate finance."--Douglas R. Emery, Bank of America Scholar and Professor of Finance, University of Miami Dont forget to pick up the Corporate Finance Workbook, Second Edition, a companion study guide that mirrors this text chapter by chapter.

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