Essentials of Corporate Finance ISE (Eleventh edition)

Essentials of Corporate Finance focuses on what undergraduate students with widely varying backgrounds need to carry away from a core course in business or corporate finance.

The goal is to convey the most important concepts at a level that is approachable for the widest possible audience.

Essentials is written in a relaxed, conversational style that invites the students to join in the learning process rather than being a passive information absorber. Essentials has three basic themes as a central focus: An Emphasis on Intuition: We always try to separate and explain the principles at work on a commonsense, intuitive level before launching into any specifics.

A Unified Valuation Approach: We treat net present value (NPV) as the basic concept underlying corporate finance.

A Managerial Focus: Students shouldn’t lose sight of the fact that financial management concerns management.

We emphasize the role of the financial manager as decision-maker, and we stress the need for managerial input and judgment.