Corporate Finance: Core Principles and Applications wasdeveloped for the graduate (MBA) level as a concise, up-to-date, andto-the-point product, the majority of which can be realistically covered in asingle term or course. To achieve theobjective of reaching out to the many different types of students and thevarying course settings, corporate finance is distilled down to its core, whilemaintaining a decidedly modern approach. Purely theoretical issues aredownplayed, and the use of extensive and elaborate calculations is minimized toillustrate points that are either intuitively obvious or of limited practicaluse. The goal was to focus on what students really need to carry away from aprinciples course. A balance is struck by introducing and covering theessentials, while leaving more specialized topics to follow-up courses. Netpresent value is treated as the underlying and unifying concept in corporatefinance. Every subject covered is firmly rooted in valuation, and care is takenthroughout to explain how particular decisions have valuation effects. Also,the role of the financial manager as decision maker is emphasized, and the needfor managerial input and judgment is stressed.
Randolph W. Westerfield is Dean Emeritus of the University of Southern California’s Marshall School of Business and is the Charles B. Thornton Professor of Finance Emeritus. Professor Westerfield came to USC from the Wharton School, University of Pennsylvania, where he was the chairman of the finance department and member of the finance faculty for 20 years. He is a member of the Board of Trustees of Oaktree Capital Mutual Funds. His areas of expertise include corporate financial policy, investment management, and stock market price behavior.Bradford D. Jordan is Visiting Scholar at the University of Florida. He previously held the duPont Endowed Chair in Banking and Financial Services at the University of Kentucky, where he was department chair for many years. He specializes in corporate finance and securities valuation. He has published numerous articles in leading finance journals, and he has received a variety of research awards, including the Fama/DFA Award in 2010.Dr. Jordan is coauthor of Corporate Finance 13e, Corporate Finance: Core Principles and Applications 7e, Fundamentals of Corporate Finance 13e, and Essentials of Corporate Finance 1le, which collectively are the most widely used business finance textbooks in the world, along with Fundamentals of Investments: Valuation and Management 10e, a popular investments text.
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