Fundamentals of Corporate Finance, 8th Canadian Edition

"Fundamentals of Corporate Finance continues on its tradition of excellence that has earned it its status as a market leader. The rapid and extensive changes in financial markets and instruments, has placed new burdens on the teaching of Corporate Finance in Canada. As a result, every chapter has been updated to provide the most current examples that reflect Corporate Finance in today's world. Our text is written with one strongly held principle that Corporate Finance should be developed and taught in terms of a few integrated powerful ideas - Emphasis on Intuition, Unified Valuation Approach and Managerial Emphasis. "An Emphasis on Intuition. We are always careful to separate and explain the principles at work on an intuitive level before launching into any specifics. The underlying ideas are discussed first in very general terms and then by way of examples that illustrate in more concrete terms how a financial manager might proceed in a given situation. "A Unified Valuation Approach. We treat net present value (NPV) as the basic concept underlying corporate finance. Many texts stop well short of consistently integrating this important principle. The most basic notion - that NPV represents the excess of market value over cost - tends to get lost in an overly mechanical approach to NPV that emphasizes computation at the expense of understanding. Every concept covered is firmly rooted in valuation, and care is taken throughout the text to explain how particular decisions have valuation effects. "A Managerial Focus. Students will not lose sight of the fact that financial management concerns management. Throughout the text, the role of the financial manager as decision maker is emphasized, and the need for managerial input and judgment is stressed. 'Black box' approaches to finance are consciously avoided. "These three themes work together to provide a sound foundation, and a practical and workable understanding of how to evaluate and make financial decisions."--Publisher description. pt. 1. Overview of Corporate Finance 1. Introduction to Corporate Finance 2. Financial Statements, Cash Flow, and Taxes pt. 2. Financial Statements and Long-Term Financial Planning 3. Working with Financial Statements 4. Long-Term Financial Planning and Corporate Growth pt. 3. Valuation of Future Cash Flows 5. Introduction to Valuation : The Time Value of Money 6. Discounted Cash Flow Valuation 7. Interest Rates and Bond Valuation 8. Stock Valuation pt. 4. Capital Budgeting 9. Net Present Value and Other Investment Criteria 10. Making Capital Investment Decisions 11. Project Analysis and Evaluation pt. 5. Risk and Return 12. Lessons from Capital Market History 13. Return, Risk, and the Security Market Line pt. 6. Cost of Capital and Long-Term Financial Policy 14. Cost of Capital 15. Raising Capital 16. Financial Leverage and Capital Structure Policy 17. Dividends and Dividend Policy pt. 7. Short-Term Financial Planning and Management 18. Short-Term Finance and Planning 19. Cash and Liquidity Management 20. Credit and Inventory Management pt. 8. Topics in Corporate Finance 21. International Corporate Finance 22. Leasing 23. Mergers and Acquisitions pt. 9. Derivative Securities and Corporate Finance 24. Enterprise Risk Management 25. Options and Corporate Securities 26. Behavioral Finance : Implications for Financial Management.