About the Book
"The book that fills the practitioner need for a distillation of the most important tools and concepts of corporate financeIn today's competitive business environment, companies must find innovative ways to enable rapid and sustainable growth not just to survive, but to thrive. Corporate Finance: A Practical Approach is designed to help financial analysts, executives, and investors achieve this goal with a practice-oriented distillation of the most important tools and concepts of corporate finance.Updated for a post-financial crisis environment, the Second Edition provides coverage of the most important issues surrounding modern corporate finance for the new global economy: Preserves the hallmark conciseness of the first edition while offering expanded coverage of key topics including dividend policy, share repurchases, and capital structure Current, real-world examples are integrated throughout the book to provide the reader with a concrete understanding of critical business growth concepts Explanations and examples are rigorous and global, but make minimal use of mathematics Each chapter presents learning objectives which highlight key material, helping the reader glean the most effective business advice possible Written by the experts at CFA Institute, the world's largest association of professional investment managers Created for current and aspiring financial professionals and investors alike, Corporate Finance focuses on the knowledge, skills, and abilities necessary to succeed in today's global corporate world"--
Book Synopsis
The book that fills the practitioner need for a distillation of the most important tools and concepts of corporate finance
In today's competitive business environment, companies must find innovative ways to enable rapid and sustainable growth not just to survive, but to thrive. Corporate Finance: A Practical Approach is designed to help financial analysts, executives, and investors achieve this goal with a practice-oriented distillation of the most important tools and concepts of corporate finance.
Updated for a post-financial crisis environment, the Second Edition provides coverage of the most important issues surrounding modern corporate finance for the new global economy:
- Preserves the hallmark conciseness of the first edition while offering expanded coverage of key topics including dividend policy, share repurchases, and capital structure
- Current, real-world examples are integrated throughout the book to provide the reader with a concrete understanding of critical business growth concepts
- Explanations and examples are rigorous and global, but make minimal use of mathematics
- Each chapter presents learning objectives which highlight key material, helping the reader glean the most effective business advice possible
- Written by the experts at CFA Institute, the world's largest association of professional investment managers
Created for current and aspiring financial professionals and investors alike, Corporate Finance focuses on the knowledge, skills, and abilities necessary to succeed in today's global corporate world.
From the Back Cover
"This book provides a concise and practical treatment of important topics in corporate finance."--Steven N. Kaplan, Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago Booth School of Business
Praise for the First Edition
"Covers the basics of corporate finance--working capital, capital budgeting, M&A, cost of capital, capital structure, and dividend policy--in one volume. Chapters on financial statement analysis and corporate governance give context to the core subjects presented. Corporate Finance: A Practical Approach will be helpful to the student seeking to learn the field and to the experienced practitioner in need of a desk-top reference tool."--Thomas A. King, Treasurer, Progressive Insurance
"This text is very comprehensive in its treatment of many issues within corporate finance, making it a great resource for both academics and practitioners."--Tom Arnold, CFA, Assistant Professor of Finance, Robins School of Business, University of Richmond
"Corporate Finance teaches future CFA charterholders what they need to know about corporate finance to be successful practitioners. The CFA curriculum, including the substance and pedagogy of this book, is a market-sensitive collaboration between sophisticated practitioners and academics. This approach and this book provide an excellent bridge between the principles and their application to corporate finance."--Douglas R. Emery, Bank of America Scholar and Professor of Finance, University of Miami
Don't forget to pick up the Corporate Finance Workbook, Second Edition, a companion study guide that mirrors this text chapter by chapter.
Review Quotes
"Valuable reading not only for grad students and CFA wannabes but also for sophisticated investors and professional managers who want to understand what corporate finance is all about." (Seeking Alpha, April 2012)
About the Author
MICHELLE R. CLAYMAN, CFA, is Founder, Managing Partner, and Chief Investment Officer of New Amsterdam Partners LLC, an institutional money management firm in New York City. She has been published in the Financial Analysts Journal and the Journal of Investing, and is a frequent commentator for CNBC, Bloomberg, and other financial media outlets.
MARTIN S. FRIDSON, CFA, is CEO of FridsonVision LLC in New York City and is known for his innovative work in credit analysis and investment strategy. He is the author of several highly acclaimed books on financial statement analysis, high-yield debt, and financial history and is the youngest person ever inducted into the Fixed Income Analysts Society Hall of Fame.
GEORGE H. TROUGHTON, CFA, is Professor Emeritus of Finance at California State University, Chico. He is a recipient of the C. Stewart Sheppard Award for the advancement of education in the investment profession as well as the Donald L. Tuttle Award for CFA Grading Excellence.
