Publisher's Synopsis
Brealey: Principles of Corporate Finance bridges the gap between financial theory and practical application for corporate finance. It emphasizes the importance of understanding financial theory to adapt to non-routine situations and evolving market conditions. By explaining why companies and financial markets behave as they do, the book equips managers with the tools to make informed decisions, not just based on experience but backed by theory. The authors address controversies within financial theory, offering balanced viewpoints while emphasizing practical applications to increase company value.
The latest edition of Principles of Corporate Finance represents a significant step forward in both clarity and pedagogy. Every chapter has been revised--some extensively--incorporating the expertise of Alex Edmans, a distinguished scholar in corporate finance. Principles focuses on making complex concepts more intuitive by breaking down dense material into bite-sized, easy-to-digest sections. Key terms and principles are now highlighted for quick reference, and long lists have been reorganized into structured bullet points with brief summaries. Where appropriate, mathematical and theoretical explanations have been replaced with real-world analogies and practical insights to ensure concepts resonate beyond the classroom.
To further enhance student learning, Principles has expanded its Beyond the Page chapter features, now offering over 150 interactive applications that bring financial concepts to life. These resources allow students to explore real-world case studies, from understanding GameStop's speculative trading frenzy to analyzing the impact of COVID-19 on stock risk. New Sense Check boxes encourage students to critically assess financial calculations, ensuring they develop the intuition needed to avoid common errors in professional settings. Meanwhile, Common Confusions sections clarify frequently misunderstood concepts, helping students build a stronger foundation in corporate finance. Whether through the printed text, the interactive eBook, or Principles' extensive Connect tools, this edition provides a richer, more engaging learning experience than ever before.
