Nelson Higher Education

Higher Education

Introduction to Corporate Finance: What Companies Do, 3rd Edition

  • includes CourseMate, 1 term (6 months) Printed Access Card and Thomson ONE Business School Edition 6-month Printed Access Card
  • John Graham
  • Scott B. Smart
  • ISBN-10: 1111222282
  • ISBN-13: 9781111222284
  • 736 Pages | Hardcover
  • Previous Editions: 2009, 2006, 2006
  • COPYRIGHT: 2012 Published
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Overview

About the Product

Get closer to finance as it's actually practiced today with the powerful approach from award-winning authors John Graham and Scott Smart found in INTRODUCTION TO CORPORATE FINANCE: WHAT COMPANIES DO, 3E. Theoretically sound yet practically relevant, INTRODUCTION TO CORPORATE FINANCE, 3E integrates examples throughout to emphasize the roles of financial managers and CFOs and show how financial management actually works in today's real companies. This book's accessible, inviting approach gives finance majors the solid foundation they need while remaining relevant to the large number of non-majors in your course. Timely real examples and the latest material on the recent financial crisis, innovative online learning tools, and an integrated approach enable you to keep students of varying degrees of ability both motivated and involved. New author John Graham, one of the most prolific and widely cited scholars in finance today, brings new emphasis to connecting real-life corporate finance to everyday life.

Features

  • INTEGRATED, CUTTING-EDGE SMARTFINANCE TECHNOLOGY FURTHERS STUDENT UNDERSTANDING. Completely integrated SmartFinance tools offer much more than isolated computer exercises. Students gain a strong understanding of financial topics as SmartFinance tools illustrate concepts, theories, and ethical issues in real business. SmartExcel® highlights Excel® animations of problems, SmartConcepts offer animated review tutorials. SmartSolutions provide problem-solving animations, while SmartPractices, SmartEthics, and SmartIdeas offer video clips of well-known U.S. and global academics and business execs.

  • TIMELY, REAL LIFE EXAMPLES DEMONSTRATE THE IMPACT OF PRINIPCLES ON STUDENTS' LIVES. A wealth of extremely interesting, relevant, and up-to-the-minute "Finance in Your Life" examples highlight finance scenarios that affect today's students' lives. Examples emphasize concepts and applications using a perspective to which students can easily relate.

  • STUDENT-FRIENDLY APPROACH INSTANTLY CONNECTS WITH READERS. The authors use their renowned writing skills and inviting approach to immediately establish common ground with readers. Using Marginal Benefit vs. Marginal Cost as an underlying framework, the text draws connections to the readers' background in economics, to ensure students are familiar with the book's conceptual organization. The text also builds upon students' basic knowledge of statistics and accounting to illustrate the close relationship among business disciplines.

  • CORPORATE SCENARIOS EMPHASIZE REAL LIFE APPLICATION OF CONCEPTS. Intriguing, actual corporate scenarios at the beginning of each chapter capture readers' attention. The emphasis on practicality and relevance continues with a myriad of actual examples and practical applications. Illustrations highlight companies that are frequent newsmakers -- firms students will readily recognize -- and spotlight the dilemmas they face in today's marketplace.

  • GLOBAL PERSPECTIVE OFFERS INSIGHTS INTO TODAY'S WORLD MARKETPLACE. Your students gain a strong understanding of the new global marketplace and how it impacts or will impact their work. This edition compares financial methods and measures in other countries to practices in the United States while clearly illustrating how they relate.

About the Author

John Graham

John Graham is the D. Richard Mead Professor of Finance at Duke University where he also serves as the Director of the CFO Global Business Outlook survey. He is coeditor of the Journal of Finance. Professor Graham is also a Research Associate with the National Bureau of Economic Research, Vice President of the Western Finance Association, and been recognised for outstanding teaching and faculty contributions at Duke and the University of Utah.

Scott B. Smart

John Graham is the D. Richard Mead Professor of Finance at Duke University where he also serves as the Director of the CFO Global Business Outlook survey. He is coeditor of the Journal of Finance. Professor Graham is also a Research Associate with the National Bureau of Economic Research, Vice President of the Western Finance Association, and been recognised for outstanding teaching and faculty contributions at Duke and the University of Utah.

Table of Contents

Part I: INTRODUCTION.
1. The Scope of Corporate Finance.
2. Financial Statement and Cash Flow Analysis.
3. The Time Value of Money.
Part II: VALUATION, RISK, AND RETURN.
4. Valuing Bonds.
5. Valuing Stocks.
6. The Trade-off between Risk and Return.
7. Risk, Return, and the Capital Asset Pricing Model.
Part III: CAPITAL BUDGETING.
8. Capital Budgeting Process and Decision Criteria.
9. Cash Flow and Capital Budgeting.
10. Risk and Capital Budgeting.
Part IV: CAPITAL STRUCTURE AND PAYOUT POLICY.
11. Raising Long-Term Financing.
12. Capital Structure.
13. Long-Term Debt and Leasing.
14. Payout Policy.
Part V: FINANCIAL PLANNING AND MANAGEMENT.
15. Financial Planning.
16. Cash Conversion, Inventory, and Receivables Management.
17. Cash, Payables, and Liquidity Management.
Part VI: SPECIAL TOPICS.
18. International Financial Management.
19. Options.
20. Entrepreneurial Finance and Venture Capital.
21. Mergers, Acquisitions, and Corporate Control.
Web Chapters.
22. Bankruptcy and Financial Distress.
23. Risk Management.

New to this edition

  • NEW AWARD-WINNING AUTHOR JOHN GRAHAM BRINGS THE LATEST CORPORATE PERSPECTIVE AND BUSINESS EXPERTISE TO THIS EDITION. One of today's most prolific and widely cited scholars in finance, new lead author John Graham of Duke University helps bring a clarity and emphasis on practicality to this study of today's corporate finance practices. Dr. Graham serves as director of Duke University's highly regarded CFO Outlook Survey which provides unique insights that are reflected in this edition's new subtitle, "WHAT COMPANIES DO."
  • TIMELY NEW CONTENT AND EXAMPLES THROUGHOUT THIS EDITION ILLUSTRATE TODAY'S FINANCIAL MANAGEMENT AT WORK. Every chapter includes new material that clearly depicts how financial management works in real companies in today's business world. Students see the importance and practical relevance of the information they are learning.
  • BOOK'S PRACTICAL COVERAGE PROVIDES INSIGHTS INTO THE REAL PRACTICES OF CFOS AND SENIOR EXECUTIVES IN THE U.S. AND ABROAD. Students learn how today CFOs spends their time in business today. The book examines the financial analysis CFOs rely upon to make and support their most important decisions. Students also examine how financial practices vary across countries.
  • THE LATEST COVERAGE OF THE RECENT FINANCIAL CRISIS EMPHASIZES ITS IMPACT AND RAMIFICATIONS. This edition weaves timely material on the recent financial crisis throughout the discussion when appropriate. The authors detail both the causes and consequences of recent financial events.
  • NEW APPROACH REFLECTS EMERGING RESEARCH ON OPTIMAL CAPITAL STRUCTURE. This edition's new approach in Chapter12, based on the latest progressive research, shows students how to trade off the marginal costs and benefits of debt to arrive at an optimal capital structure.

Supplements

All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Introduction to Corporate Finance: What Companies Do (Text Only)  (ISBN-10: 1111222266 | ISBN-13: 9781111222260)

Get closer to finance as it's actually practiced today with the powerful approach from award-winning authors John Graham and Scott Smart found in INTRODUCTION TO CORPORATE FINANCE: WHAT COMPANIES DO, 3E. Theoretically sound yet practically relevant, INTRODUCTION TO CORPORATE FINANCE, 3E integrates examples throughout to emphasize the roles of financial managers and CFOs and show how financial management actually works in today's real companies. This book's accessible, inviting approach gives finance majors the solid foundation they need while remaining relevant to the large number of non-majors in your course. Timely real examples and the latest material on the recent financial crisis, innovative online learning tools, and an integrated approach enable you to keep students of varying degrees of ability both motivated and involved. New author John Graham, one of the most prolific and widely cited scholars in finance today, brings new emphasis to connecting real-life corporate finance to everyday life.

Aplia, 1 term Instant Access  (ISBN-10: 1133141463 | ISBN-13: 9781133141464)

Engage, prepare and educate students with this ideal online learning solution. You'll find a digital copy of the text, access to SmartFinance tools, and a trusted homework solution. Aplia for Finance is an online, auto-graded homework system that improves learning by increasing student effort and engagement--without requiring more work from you. Students stay on top of coursework with regular homework assignments, and automatic grading that provides immediate feedback. All assignments correspond with the text and reflect the most current financial information and laws.

CengageNOW with eBook Instant Access Code  (ISBN-10: 1133493858 | ISBN-13: 9781133493853)

Designed by instructors for instructors, CengageNOW for Finance is the most reliable, flexible, and easy-to-use online suite of services and resources. CNOW for Finance supports your course goals and saves you significant preparation and grading time with such features an algorithmic homework management system, testing and an intuitive grade book. With CNOW for Finance, students can continually try problems and work them until they understand the concept. Take a tour at www.cengagenow.com.

CourseMate Instant Access  (ISBN-10: 084006781X | ISBN-13: 9780840067814)

Cengage Learning's Finance CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed text. Watch student comprehension soar as your class works with the printed book and the textbook-specific website. Finance CourseMate includes an interactive eBook, interactive teaching and learning tools, including quizzes, flashcards, videos, and more. Engagement Tracker is a first-of-its-kind tool that monitors student engagement. Keep your students engaged and access instructor resources in CourseMate at http://login.cengage.com.

ExamView®  (ISBN-10: 1111529639 | ISBN-13: 9781111529635)

Check your students’ understanding of concepts with this easy-to-use test creation software. ExamView® electronic Test Bank makes test preparation, scoring, and grading easy with all of the multiple-choice, true/false, matching, essay questions, and problems from the Test Bank. Add or edit questions, instructions, answers, and select questions randomly or by number. You can also create and administer quizzes online A fully-customizable algorithmic option allows you to create unlimited variations of each test or specific problems, which is particularly useful for large class enrollments.

Instructor's Resource CD-ROM  (ISBN-10: 1111529914 | ISBN-13: 9781111529918)

Everything is a convenient click away on this IRCD, which includes the Instructor's Manual, Solutions Manual, Test Bank in Word, ExamView™, Excel® Models, and PowerPoint® Lecture Slides. Tools are also available on the password-protected companion website. The revised Instructor's Solutions Manual includes chapter overviews, lecture guides, enrichment exercises, answers to text questions, and solutions for end-of-chapter problems. Excel® Models provide templates for students to solve problems. PowerPoint slides feature graphs and tables to enhance lectures.

Student Supplements

Introduction to Corporate Finance: What Companies Do (Text Only)  (ISBN-10: 1111222266 | ISBN-13: 9781111222260)

Get closer to finance as it's actually practiced today with the powerful approach from award-winning authors John Graham and Scott Smart found in INTRODUCTION TO CORPORATE FINANCE: WHAT COMPANIES DO, 3E. Theoretically sound yet practically relevant, INTRODUCTION TO CORPORATE FINANCE, 3E integrates examples throughout to emphasize the roles of financial managers and CFOs and show how financial management actually works in today's real companies. This book's accessible, inviting approach gives finance majors the solid foundation they need while remaining relevant to the large number of non-majors in your course. Timely real examples and the latest material on the recent financial crisis, innovative online learning tools, and an integrated approach keeps students of varying degrees of ability both motivated and involved. New author John Graham, one of the most prolific and widely cited scholars in finance today, brings new emphasis to connecting real-life corporate finance to everyday life.

Aplia, 1 term Instant Access  (ISBN-10: 1133141463 | ISBN-13: 9781133141464)

Succeed in this course with Aplia for Finance's interactive learning system--featuring a full digitial copy of the text, access to SmartFinance tools practice problems as well as interactive tutorials and more. With Aplia you get the help you need to stay on top of your coursework. This innovative, online learning solution makes it convenient to read your e-text and master principles of finance. Interactive tools and automatically graded homework with immediate feedback further your understanding. It's easy to apply what you learn in the text directly to homework.

CengageNOW with eBook Instant Access Code  (ISBN-10: 1133493858 | ISBN-13: 9781133493853)

CNOW is an easy-to-use online resource that helps you study in less time to get the grade you want.

CourseMate Instant Access  (ISBN-10: 084006781X | ISBN-13: 9780840067814)

The more you study, the better the results! Make the most of your study time by accessing everything you need to succeed in one place online. Read your text, take notes, review flashcards, watch videos, and take practice quizzes--online with CourseMate. Finance CourseMate includes an interactive eBook with highlighting, bookmarking, search, and note-taking capabilities. You'll also find an interactive glossary, quizzes, flashcards, videos, and more! For more information, visit www.cengagebrain.com.

MindLink for CengageNOW, 1 term (6 months) Instant Access  (ISBN-10: 1285368754 | ISBN-13: 9781285368757)

Succeed in your finance course with 1-semester access to CengageNOW™, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade