Principles of Corporate Finance 10th Edition

Principles-of-Corporate-Finance-10th-Edition-epub-pdfPrinciples of Corporate Finance is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book, the authors show how managers use financial theory to solve practical problems and as a way to respond to change by showing not just how, but why companies and management act as they do. This text is a valued reference for thousands of practicing financial managers. The Tenth Edition has been rewritten, refreshed, and fully updated to reflect the recent financial crisis and is now accompanied by Connect Finance, an exciting new homework management system.

The authors are very transparent about key assumptions, particularly re: the evaluation of long-term investment decisions. This is useful for students at all levels, but it is especially good for beginning students. Beginners do not have to accept the authors' conclusions sheerly upon the basis of their authority; the rationale for preferring Net Present Value (NPV) analysis over alternatives (such as IRR or BCR) is completely demystified.

While book choices vary among schools, method does not. Every school so far expresses a firm preference for NPV analysis over its alternatives. If you find a book that anchors its analysis in NPV and is clear about its proper use and limitations, that book will serve you well. Brealey, Myers, & Allen do not have the only book in this category, but they have a very good one. Its popularity is warranted.

An excellent book that provides clear explanation supported but useful and east to follow examples. However, this book requires the reader to be familiar with at least basic concepts in finance in order to fully absorb the knowledge it offers. Other than that, it is an terrific finance book ! Highly highly recommended. Another incredible reading on the subject is Corporate Finance by Ivo Welch.

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