Book Title: Corporate Finance
Book Description: This open textbook is a comprehensive guide covering the three fundamental topics in Corporate Finance, including Capital Budgeting under Certainty, Capital Structure Theory, and Short-term Financial Management and Operating Leverage. In-depth explanations of topics and terms are provided as well as key illustration in the manner of problem sets and solutions, tables, and diagrams. Review problems are also included so that students can conduct self-assessments. This text will be continually updated in order to provide novel information and enhance students’ experiences.
Contents
Book Information
Book Description
The text’s two major topics are Capital Budgeting and Capital Structure. Capital Budgeting covers the manner in which corporations choose optimal business investments in order to meet its growth aspirations. Capital Structure addresses the manner in which the corporation chooses to finance its growth objectives using one or another mix of debt and equity.
Both topics are relevant to financial markets for two reasons. One, the concepts are easily translated into identical mathematical formula which are readily adapted to financial markets. Two, the corporation itself must be understood in the context of investing in the securities which it issues. Our text also digs deeply into short-term corporate financial management.
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License
Corporate Finance Copyright © 2023 by Kenneth S. Bigel is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.
Subject
Economics, Finance, Business and Management
Metadata
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Corporate Finance Copyright © 2023 by Kenneth S. Bigel is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.