''Principles of Corporate Finance'' is a reference work on the corporate finance theory edited by
Richard Brealey,
Stewart Myers,
Franklin Allen, and
Alex Edmans.
The book is one of the leading texts that describes the theory and practice of
corporate finance
Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...
. It was initially published in October 1980 and now is available in its 14th edition. ''Principles of Corporate Finance'' has earned loyalty both as a classroom tool and as a professional reference book.
Overview
The book covers a wide range of aspects relevant to corporate finance, illustrated by examples and case studies. The text starts by explaining basic finance concepts of value, risk, and other principles. Then the issues become more and more complex, from project analysis and
net present value calculations to debt policy and
option valuation. Other discussed topics include
stakeholder theory,
corporate governance,
mergers and acquisitions,
principal–agent problems, credit risk, working capital management, etc. The book concludes with a discussion on the current limitations of corporate finance theory.
References
External links
Official website
{{corporate finance and investment banking
1980 non-fiction books
Finance books
1980 in economic history