Corporate Finance, Global Edition

For programs using a text in a two-semester course, this book highlights how core financial principles can improve individual financial decision making.

• Connects theory to practice Shows students how three major topics (corporate finance, investments and valuation) are connected by using `The Law of One Price as a framework throughout the text.
• Balanced approach Uses both time-tested and modern principles with the practical perspective of a financial manager, offering students the tools to make sound financial decisions.
• Practical study aids Designed to help students master core concepts and learn to identify and solve problems faced by today s practitioners.

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.

For MBA/graduate students taking a course in corporate finance.

An emphasis on modern theory blended with practice elevates students' financial decision making

Using the valuation framework based on the Law of One Price, top researchers Jonathan Berk and Peter DeMarzo have set the new canon for corporate finance textbooks. Corporate Finance, 5th Edition blends coverage of time-tested principles and the latest advancements with the practical perspective of the financial manager. Students have the opportunity to "practice finance to learn finance" by solving quantitative business problems like those faced by today's professionals. With built-in resources to help students master the core concepts, students develop the tools they need to make sound financial decisions in their careers.

For a streamlined book specifically tailored to the topics covered in the first one-semester course, Corporate Finance: The Core, 5th Edition is also available by Jonathan Berk and Peter DeMarzo.

MyLab Finance is not included. Students, if MyLab Finance is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. MyLab Finance should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Reach every student by pairing this text with MyLab Finance

1. The Corporation and Financial Markets
2. Introduction to Financial Statement Analysis
3. Financial Decision Making and the Law of One Price

1. The Time Value of Money
2. Interest Rates
3. Valuing Bonds

1. Investment Decision Rules
2. Fundamentals of Capital Budgeting
3. Valuing Stocks

1. Capital Markets and the Pricing of Risk
2. Optimal Portfolio Choice and the Capital Asset Pricing Model
3. Estimating the Cost of Capital
4. Investor Behavior and Capital Market Efficiency

1. Capital Structure in a Perfect Market
2. Debt and Taxes
3. Financial Distress, Managerial Incentives, and Information
4. Payout Policy

1. Capital Budgeting and Valuation with Leverage
2. Valuation and Financial Modeling: A Case Study

1. Financial Options
2. Option Valuation
3. Real Options

1. Raising Equity Capital
2. Debt Financing
3. Leasing

1. Working Capital Management
2. Short-Term Financial Planning

1. Mergers and Acquisitions
2. Corporate Governance
3. Risk Management
4. International Corporate Finance