Corporate Finance

Author(s): Guan Wang

Edition: 3

Copyright: 2024

Pages: 300

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$105.00 USD

ISBN 9798385101498

Details KHPContent 180 days

Imagine you are the financial manager of a company facing real decisions: Should you invest in a new project? How should you finance it—debt or equity? How do you create value for shareholders while managing risk? Corporate finance is ultimately about answering these practical questions.
This textbook is designed to guide students through these decisions step by step, using a clear and intuitive approach. Rather than overwhelming students with complex formulas at the outset, the book begins with simple ideas and gradually builds toward more advanced concepts. Each topic is introduced through real-world intuition and storytelling, helping students understand not just how to calculate, but why financial decisions matter.
The text breaks down complex problems into small, manageable components. Concepts are presented in a logical sequence, allowing students to develop confidence as they progress. Key ideas are reinforced with examples, applications, and clear explanations, making the material accessible to those encountering corporate finance for the first time.
This introductory textbook is organized into ten chapters, covering the following topics:
  1. Introduction to Corporate Finance – The role of financial managers and the goal of the firm
  2. Financial Statements and Cash Flow – Understanding how firms generate and use cash
  3. Time Value of Money – The foundation of all financial decision-making
  4. Bond Valuation – Pricing debt and understanding interest rates
  5. Stock Valuation – Valuing equity using dividends and growth models
  6. Risk and Return – The relationship between risk, return, and diversification
  7. Capital Budgeting – Evaluating investment projects and making decisions
The book is written in a clear, conversational style to make learning engaging and effective. It emphasizes intuition, practical application, and step-by-step problem solving. By the end of the text, students will not only understand key financial concepts but also develop the ability to apply them in real-world situations.
Ultimately, this textbook aims to equip students with the tools and confidence to think like financial decision-makers—an essential skill in both business and personal financial life.

CHAPTER 1 Introduction and Overview
CHAPTER 2 Financial Statement Analysis
CHAPTER 3 Overview of the Financial Markets
CHAPTER 4 Time Value of Money: The Basic Concepts
CHAPTER 5 Time Value of Money: Advanced Topics
CHAPTER 6 Bonds (Debt) Characteristics and Valuation
CHAPTER 7 Stocks (Equity) Characteristics and Valuation
CHAPTER 8 Risk and Return and the Capital Asset Pricing Model
CHAPTER 9 Basics of Capital Budgeting
CHAPTER 10 Advanced Topics in Capital Budgeting

Guan Wang

Imagine you are the financial manager of a company facing real decisions: Should you invest in a new project? How should you finance it—debt or equity? How do you create value for shareholders while managing risk? Corporate finance is ultimately about answering these practical questions.
This textbook is designed to guide students through these decisions step by step, using a clear and intuitive approach. Rather than overwhelming students with complex formulas at the outset, the book begins with simple ideas and gradually builds toward more advanced concepts. Each topic is introduced through real-world intuition and storytelling, helping students understand not just how to calculate, but why financial decisions matter.
The text breaks down complex problems into small, manageable components. Concepts are presented in a logical sequence, allowing students to develop confidence as they progress. Key ideas are reinforced with examples, applications, and clear explanations, making the material accessible to those encountering corporate finance for the first time.
This introductory textbook is organized into ten chapters, covering the following topics:
  1. Introduction to Corporate Finance – The role of financial managers and the goal of the firm
  2. Financial Statements and Cash Flow – Understanding how firms generate and use cash
  3. Time Value of Money – The foundation of all financial decision-making
  4. Bond Valuation – Pricing debt and understanding interest rates
  5. Stock Valuation – Valuing equity using dividends and growth models
  6. Risk and Return – The relationship between risk, return, and diversification
  7. Capital Budgeting – Evaluating investment projects and making decisions
The book is written in a clear, conversational style to make learning engaging and effective. It emphasizes intuition, practical application, and step-by-step problem solving. By the end of the text, students will not only understand key financial concepts but also develop the ability to apply them in real-world situations.
Ultimately, this textbook aims to equip students with the tools and confidence to think like financial decision-makers—an essential skill in both business and personal financial life.

CHAPTER 1 Introduction and Overview
CHAPTER 2 Financial Statement Analysis
CHAPTER 3 Overview of the Financial Markets
CHAPTER 4 Time Value of Money: The Basic Concepts
CHAPTER 5 Time Value of Money: Advanced Topics
CHAPTER 6 Bonds (Debt) Characteristics and Valuation
CHAPTER 7 Stocks (Equity) Characteristics and Valuation
CHAPTER 8 Risk and Return and the Capital Asset Pricing Model
CHAPTER 9 Basics of Capital Budgeting
CHAPTER 10 Advanced Topics in Capital Budgeting

Guan Wang