Brealey’s, Principles of Corporate Finance, 13th Edition, (PDF) describes the theory and practice of corporate finance. We barely need to explain why financial managers have to control the practical aspects of their job, but we should spell out why sensible managers need to bother with theory. Throughout this ebook, we show how managers use financial theory to solve practical problems. Much of this Brealeys ebook is concerned with understanding what financial managers do and why. But we also say what financial managers should do to improve company value.
Few major changes in this latest Thirteenth Edition were encouraged by the tax changes enacted in the U.S. Tax Cuts and Jobs Act passed in December 2017. In the present edition, we have also continued to augment the international content in addition to a number of chapters that have been comprehensively rewritten. For instance, the material on agency issues in Chapter 12 has been considerably revised. Chapter 13 on behavioral finance and market efficiency is now newer and more up-to-date. Chapter 23 on credit risk emphasizes more on the practical issues of forecasting default probabilities.
Additional ISBNs: 2018040697, 1260465098, 1260465136, 1260957373, 9781260465099, 9781260465136, 9781260957372, 978-1260465099, 978-1260465136, 978-1260957372, 978-1260013900
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