Essentials of Corporate Finance by Ross, Westerfield, and Jordan is written to convey the most important concepts and principles of corporate finance at a level that is approachable for a wide audience. The authors retain their modern approach to finance, but have distilled the subject down to the essential topics in 18 chapters. They believe that understanding the “why” is just as important, if not more so, than understanding the “how,” especially in an introductory course.
Neoclassical Finance provides a concise and powerful account of the underlying principles of modern finance, drawing on a generation of theoretical and empirical advances in the field. Stephen Ross developed the no arbitrage principle, tying asset pricing to the simple proposition that there are no free lunches in financial markets, and jointly with John Cox he developed the related concept of risk-neutral pricing. In this book Ross makes a strong case that these concepts are the fundamental pillars of modern finance and, in particular, of market efficiency. In an efficient market prices reflect the information possessed by the market and, as a consequence, trading schemes using commonly available information to beat the market are doomed to fail. By stark contrast, the currently popular stance offered by behavioral finance, fueled by a number of apparent anomalies in the financial markets, regards market prices as subject to the psychological whims of investors. But without any appeal to psychology, Ross shows that neoclassical theory provides a simple and rich explanation that resolves many of the anomalies on which behavioral finance has been fixated. Based on the inaugural Princeton Lectures in Finance, sponsored by the Bendheim Center for Finance of Princeton University, this elegant book represents a major contribution to the ongoing debate on market efficiency, and serves as a useful primer on the fundamentals of finance for both scholars and practitioners.
Essentials of Corporate Finance by Ross, Westerfield, and Jordan is written to convey the most important concepts and principles of corporate finance at a level that is approachable for a wide audience. The authors retain their modern approach to finance, but have distilled the subject down to the essential topics in 18 chapters. They believe that understanding the “why” is just as important, if not more so, than understanding the “how,” especially in an introductory course.
Fundamentals of Corporate Finance 8e combines an applied introduction of concepts, with a clear and strong focus on learning outcomes. Based on the principle that students’ understanding of corporate finance should be developed in terms of a few integrated and powerful ideas, it has 3 basic themes at its core: 1. An emphasis on intuition: It separates and explains key principles on a common-sense, intuitive level before launching into specifics. The intuitive organisation of chapters also means that traditionally ‘more-difficult’ topics arise as a natural extension to the work that has gone before. 2. A unified valuation approach: Net present value (NPV) is treated as the basic concept underlying corporate finance. 3. A managerial focus: It emphasises the role of the financial manager as a decision maker, and the need for managerial input and judgement is stressed. Up-to-date examples and cases in all chapters make the 8th edition a comprehensive manual of applied financial management, covering financial hot topics and focus areas, as well as a historic overview of developments in (and lessons learned from) equity and debt markets. Cases focusing on well-known ANZ and international companies show how recognisable organisations put corporate finance into practice, and how real-world events such as the COVID-19 pandemic affect some of their corporate finance decisions. This new edition is even more flexible than its predecessors, offering flexibility of coverage to unit coordinators in designing their courses.
Ross/Westerfield/Jaffe/Jordan's Corporate Finance: Core Principles and Applications was written to convey the most important corporate finance concepts and applications at a level that is approachable to the widest possible audience. The concise format, managerial context and design, and student-friendly writing style are key attributes to this text. The well-respected author team is known for the clear, accessible presentation of material that makes this text an excellent teaching tool. And with the Fifth Edition, McGraw-Hill’s Connect® empowers students by continually adapting to deliver precisely what they need, when they need it, and how they need it, so your class time is more engaging and effective.
Core Principles and Applications of Corporate Finance, 3rd edition, by Ross, Westerfield, Jaffe and Jordan was written to convey the most important corporate finance concepts and applications at a level that is approachable to the widest possible audience. The concise format, managerial context and design, and student-friendly writing style are key attributes to this text. RWJJ Core Principles strikes a balance by introducing and covering the essentials, while leaving more specialized topics to follow-up courses. This text distills the subject of corporate finance down to its core, while also maintaining a decidedly modern approach. The well-respected author team is known for the clear, accessible presentation of material that makes this text an excellent teaching tool.
Fundamentals of Corporate Finance was designed and developed for a first course in business or corporate finance, for both finance majors and non-majors alike. The text is nearly self-contained in terms of background or prerequisites, assuming some familiarity with basic algebra and accounting concepts, while still reviewing important accounting principles very early on. The organization of this text has been developed to give instructors the flexibility they need. The best-selling text has three basic themes that are the central focus of the book: 1) An emphasis on intuition: the authors separate and explain the principles at work on a common sense, intuitive level before launching into any specifics. 2) A unified valuation approach: net present value (NPV) is treated as the basic concept underlying corporate finance. 3) A managerial focus: the authors emphasize the role of the financial manager as a decision maker, and they stress the need for managerial input and judgment.
This second edition provides a rigorous yet accessible graduate-level introduction to financial economics. Since students often find the link between financial economics and equilibrium theory hard to grasp, less attention is given to purely financial topics, such as valuation of derivatives, and more emphasis is placed on making the connection with equilibrium theory explicit and clear. This book also provides a detailed study of two-date models because almost all of the key ideas in financial economics can be developed in the two-date setting. Substantial discussions and examples are included to make the ideas readily understandable. Several chapters in this new edition have been reordered and revised to deal with portfolio restrictions sequentially and more clearly, and an extended discussion on portfolio choice and optimal allocation of risk is available. The most important additions are new chapters on infinite-time security markets, exploring, among other topics, the possibility of price bubbles.
Calling All Angels is a solution to the suppressed history of the 20th and 21st centuries: it reveals the fundamental realities underlying the events—starting with the 1905 murder of Jane Stanford and its related subsequent 1913 passage of the Federal Reserve Act—that established that elite privately owned bank, the Federal Reserve. These discussions with the late Dr. Robert W. P. Cutler, one of Stanford University's most respected neurologists and author of The Mysterious Death of Jane Stanford, explore the realities of the Jane Stanford murder, as organized by John D. Rockefeller, Theodore Roosevelt, and Stanford's then-president David Starr Jordan. The book asserts that they organized the murder/poisoning of Jane Stanford so as to create their first money machine used for large bribes and political pay-offs, disguised covertly as donations. It further suggests that some of the most horrendous events in U.S. history, such as the JFK assassination and the destruction of the World Trade Centers, were only possible because the most implacable of the world's highest-level criminals had their own private money machine—the Federal Reserve Bank. The book contains more than 300 communications/e-mails from Dr. Cutler during the time he was researching his historic book as well as his candid thoughts and conclusions far too controversial and explosive to be published.
Abraham Lincoln is the most beloved of all U.S. presidents. He freed the slaves, gave the world some of its most beautiful phrases, and redefined the meaning of America. He did all of this with wisdom, compassion, and wit. Yet, throughout his life, Lincoln fought with God. In his early years in Illinois, he rejected even the existence of God and became the village atheist. In time, this changed but still he wrestled with the truth of the Bible, preachers, doctrines, the will of God, the providence of God, and then, finally, God's purposes in the Civil War. Still, on the day he was shot, Lincoln said he longed to go to Jerusalem to walk in the Savior's steps. What had happened? What was the journey that took Abraham Lincoln from outspoken atheist to a man who yearned to walk in the footsteps of Christ? In this thrilling journey through a largely unknown part of American history, New York Times best-selling author Stephen Mansfield tells the richly textured story of Abraham Lincoln's spiritual life and draws from it a meaning sure to inspire Americans today.
Neoclassical Finance provides a concise and powerful account of the underlying principles of modern finance, drawing on a generation of theoretical and empirical advances in the field. Stephen Ross developed the no arbitrage principle, tying asset pricing to the simple proposition that there are no free lunches in financial markets, and jointly with John Cox he developed the related concept of risk-neutral pricing. In this book Ross makes a strong case that these concepts are the fundamental pillars of modern finance and, in particular, of market efficiency. In an efficient market prices reflect the information possessed by the market and, as a consequence, trading schemes using commonly available information to beat the market are doomed to fail. By stark contrast, the currently popular stance offered by behavioral finance, fueled by a number of apparent anomalies in the financial markets, regards market prices as subject to the psychological whims of investors. But without any appeal to psychology, Ross shows that neoclassical theory provides a simple and rich explanation that resolves many of the anomalies on which behavioral finance has been fixated. Based on the inaugural Princeton Lectures in Finance, sponsored by the Bendheim Center for Finance of Princeton University, this elegant book represents a major contribution to the ongoing debate on market efficiency, and serves as a useful primer on the fundamentals of finance for both scholars and practitioners.
Understanding how theory informs social work practice is an area that students can often find challenging. This book will help students understand how theory impacts and informs social work practice across a range of contexts and with different service user groups. It starts off by briefly setting the context, introducing students to the importance of social work theory and its development over the years, before moving on to look at different types of theory across 17 tightly structured chapters. These cover a range of psychological theories, sociological theories, ethics and moral philosophies, political theories and ideologies, and organisational theories.
This book believes that the Soviet Union will not relax its stranglehold and will continue to dominate Eastern Europe's cultural, social, and economic policies. It assesses the contemporary state of affairs in Eastern Europe from an historical perspective.
Criminology: Explaining Crime and Its Context, Eleventh Edition, offers a broad perspective on criminological theory. It provides students of criminology, criminal justice, and sociology with a thorough exposure to a range of theories about crime, contrasting their logic and assumptions, but also highlighting efforts to integrate and blend these frameworks. In this new edition, the authors have incorporated new directions that have gained traction in the field, while remaining faithful to their criminological heritage. Among the themes in this work are the relativity of crime (its changing definition) with abundant examples, historical roots of criminology and the lessons they have provided, and the strength and challenges of applying the scientific method. This revision offers new chapters on critical theory and on life-course criminology. It is updated throughout to reflect current trends in criminological theory and data. With chapters both updated to reflect recent developments in the field and made easier to digest, this text is essential reading for students of criminology, criminal justice, sociology, and related fields.
The text provides students and professionals with an understanding of all aspects of sport public relations, framing its discussion in terms of a managerial and proactive approach to PR"--
Psychology 2ed will support you to develop the skills and knowledge needed for your career in psychology and within the professional discipline of psychology. This book will be an invaluable study resource during your introductory psychology course and it will be a helpful reference throughout your studies and your future career in psychology. Psychology 2ed provides you with local ideas and examples within the context of psychology as an international discipline. Rich cultural and indigenous coverage is integrated throughout the book to help your understanding. To support your learning online study tools with revision quizzes, games and additional content have been developed with this book.
Krithia was a key objective in the land offensives; a killing ground greater than Anzac or Suvla. This book adds to the Gallipoli story and the preceding Battleground books on that campaign by recounting not only the landings at Helles of 25 April 1915, but also the subsequent bitter battles that followed in an attempt to capture the village and the vital high ground of Achi Baba. General Hunter-Weston’s weakened 29th Division achieved little during the first two bloody battles of Krithia, even when reinforced by the Anzacs, 42nd Division, Royal Naval Division and the French. The allies had little to show from their costly daylight frontal attacks, apart from a slightly firmer footing ashore and a growing casualty list. As the military situation looked to degenerate into a Western Front style stalemate, General Sir Ian Hamilton pushed for a final battle of Krithia. Using Hunter-Weston’s newly formed VIII Corps, and General Gouraud’s French Corps Expéditionnaire d’Orient, the Third Battle of Krithia launched on 6 June 1915. Despite a promising start, the attack soon collapsed against a stubborn Turkish defence, and although some lessons had been learnt from earlier failures; underestimation of the enemy was not one of them. This is the true story, told using a rich mix of letters, diaries, photographs and maps, of Gallipoli's most costly battles. Gallipoli today is an exquisitely beautiful and tranquil place, with its turquoise waters, stretches of sandy beaches, wild flower covered meadows and pine forested heights, such a contrast to what occurred here over a hundred years ago.
Learn secrets that only the armourers knew! Adjust and Tweak your No 1 or No 4 rifle for better performance! It doesn't matter which Lee Enfield you shoot, whether you reload or not, it's packed with info! You'll like the section on accurizing your rifle - it's got tricks to get your 303 shooting better than when it left the factory! Smoothing your trigger - illustrated. Tightening up your rifle - illustrated. Commercial, Milsurp ammunition. Winning Target Loads - sharing some secrets. Wind drift & drop tables. Bonus wildcat section. 26 to look at, including the beginning of the 338 JDJ.
The fourth edition of Corporate Finance takes an applied approach to cover all the latest research and topic areas important to students taking Finance courses. The new edition provides an international perspective on all areas of corporate finance and has been updated to include discussion on current trends such as the rise of populism and trade barriers on international finance, the advent of Financial Technology, and key regulatory changes impacting the sector. Understanding and Application •Clear, user-friendly style •Example boxes in every chapter provide hypothetical examples to illustrate theoretical concepts such as cash flow timing, dividend smoothing and differential growth. •Real World Insight boxes use real companies like Siemens, Avast and Adidas to show how they have applied corporate finance theories and concepts to their businesses and business decisions. •Chapter links in the margin provide quick cross-referencing to show students the connections between topics. Practice and Proficiency •Mini and Practical cases present scenarios and questions to practice applying what you have learnt. •Rigorous testing: between 30 and 40 Questions and Problems per chapter are categorised by topic and level of difficulty. •Numbered maths equations and key notation boxes listing the variables and acronyms that will be encountered in each chapter, designed to encourage mastery of Maths. •Exam Questions designed to take 45 minutes and test you on material learned in a more formal exam style. •Connect® resources include algorithmic questions designed to ensure equations and calculations are not learned by rote but by thorough understanding and practice New to This Edition •Updated discussions on peer-to-peer trading, cash flow forecasting methods, import/export partners and additional investment appraisal methods •Updated chapters on corporate governance to reflect global changes, efficient markets and mergers and acquisition to reflect new research, financial distress to reflect new data with discussion on trends and insolvencies and fully updated chapter on Leasing to reflect new IFRS standards •New section on Modified Internal Rate of Return and Margin of Safety in Investment Appraisal, Net Asset Value, Islamic Financing, and alternatives to CAPM to reflect research developments • NEW: This edition has now been updated with 8 new videos that covers a worked example from the text and each video has associated concept check questions. The videos are now available on Connect® and cover: • Chapter 1 & 2: Introduction to Finance and Corporate Governance • Chapter 5: Long-Term Financing • Chapter 6: Investment Appraisal • Chapter 9 & 10: Risk and Return • Chapter 15 and 16: Equity and Debt Valuation • Chapter 20: Advanced Capital Budgeting • Chapter 21: Dividends • Chapter 22: Options David Hillier is Associate Principal and Executive Dean of the University of Strathclyde Business School. A Professor of Finance, David was recognized as being in the top 3 per cent of the most prolific finance researchers in the world over the past 50 years (Heck and Cooley, 2009) and appears regularly in the media as a business commentator.
This monograph emphasizes the many facets of bacterial evolution as impacted by bacterial interactions with phages, as well as, to a lesser degree, the evolutionary impact of phages on other organisms, including other phages. The book starts with a general overview of bacteriophages. Topics discussed in detail include but are not limited to mutagenesis, migration, natural selection and genetic drift as the drivers of evolution as well as an extensive discussion from the author’s unique perspective on phage ecology.
In November 1915, Sir Ernest Shackleton watched horrified as the grinding ice floes of the Weddell Sea squeezed the life from his ship, Endurance . Caught in the chaos of splintered wood, buckled metalwork and tangled rigging lay Shackleton's dream of being the first man to complete the crossing of Antarctica. Shackleton would not live to make a second attempt – but his dream endured. Shackleton's Dream tells for the first time the story of the British Commonwealth Trans-Antarctic Expedition, led by Vivian Fuchs and Sir Edmund Hillary. Forty years after the loss of Endurance, they set out to succeed where Shackleton had so heroically failed. Using tracked vehicles and converted farm tractors in place of Shackleton's man-hauled sledges, they faced a colossal challenge: a perilous 2,000-mile journey across the most demanding landscape on the planet. This epic adventure saw two giants of twentieth-century exploration pitted not only against Nature at her most hostile, but also against each other. Planned as a historic (and scientific) continental crossing, the expedition would eventually develop into a dramatic 'Race to the South Pole' – a contest as controversial as that of Scott and Amundsen more than four decades earlier.
This highly acclaimed criminology text presents an up-to-date review of rational choice theories, including deterrence, shaming, and routine activities.
The freedom of academics to pursue knowledge and truth in their research, writing, and teaching is a fundamental principle of contemporary higher education in the United States. But this freedom has been hard won and regularly abridged, reinterpreted, and violated. Academic freedom has been central to many issues and controversies in higher education and has thus generated literature in a variety of disciplines. This book provides access to that literature. Included are entries for nearly 500 books, chapters, articles, reports, web sites, and other sources of information about academic freedom. Each entry includes a descriptive annotation, and the entries are grouped in topical chapters. While most of the works cited were published since the 1940 American Association of University Professors Statement of Principles on Academic Freedom and Tenure, some older studies have also been included. Though the volume focuses primarily on higher education in the U.S., it also includes a chapter on academic freedom in other countries.
This issue of Child and Adolescent Psychiatric Clinics provides an overview of childhood traumatic exposures and their impact for health care providers: child and adolescent psychiatrists, general psychiatrists, other pediatric behavioral health providers and primary care clinicians. Children in the United States are exposed to trauma more frequently than most clinicians are aware - either as a single occurrence, or through repeated events. These exposures result in neurobiological, developmental and clinical sequelae that can undermine children's health and well-being. This publication describes the multiple types of traumatic exposures and their sequelae, methods of screening and assessment, and principles of effective prevention and clinical treatment. Emphasis is on areas of particular relevance to children - disasters, war, domestic violence, school and community violence, sexual victimization, complex trauma - and differentiates disasters as unique traumas, requiring trauma-informed systems of care to effectively meet the needs of the exposed population. The third section of the issue describes strategies for primary prevention - violence prevention, useful public policies - and risk mitigation - skill and resilience building strategies. Evidence based treatments for trauma-induced clinical disorders are reviewed.
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