eBook: Corporate Finance 5e
By: David Hillier
About This Book
The fifth European edition of Corporate Finance takes an applied approach to cover all the latest research and topic areas important to students taking Finance courses. The new edition provides an international perspective on all areas of corporate finance and has been updated to include discussion on current trends such as the integrated nature of global supply chains, financial risk management, and key regulatory changes impacting the sector. It addresses the impact that FinTech, the climate and geopolitics are having on the development of corporate finance, considers the questions brought about by the global corona virus pandemic, and looks to the future of the industry. Understanding and Application •Clear, user-friendly style •Example boxes in every chapter provide hypothetical examples to illustrate theoretical concepts such as cash flow timing, dividend smoothing and differential growth. •Real World Insight boxes use companies like Apple, Volkswagen and Adidas to show how they have applied corporate finance theories and concepts to their business decisions. •Chapter links throughout provide quick cross-referencing to show the connections between topics. Practice and Proficiency •Mini and Practical cases present scenarios and questions to practice application and learning. •Questions and Problems in each chapter, categorised by topic and level of difficulty, allow for rigorous testing of the chapter content. •Numbered maths equations and key notation boxes listing the variables and acronyms that will be encountered in each chapter, designed to encourage mastery of Maths. •Exam Questions designed to take 45 minutes and test you on material learned in a more formal exam style. •Connect® resources include algorithmic questions designed to ensure equations and calculations are not learned by rote but by thorough understanding and practice. New to This Edition •Sustainability in Action boxes draw on issues relating to the environment, society, the economy and climate change to show how corporate finance is so important to the resolution of sustainability challenges. •Updated discussions and new sections on sustainable value added, green bonds, dividend policy and share repurchases, Islamic Financing, intangible valuation, and the differential value method. Available on McGraw Hill’s Connect®, the well-established online learning platform, which features our award-winning adaptive reading experience as well as resources to help faculty and institutions improve student outcomes and course delivery efficiency. To learn more, visit mheducation.co.uk/connect David Hillier is Associate Principal and Executive Dean of the University of Strathclyde Business School. A Professor of Finance, David was recognized as being in the top 3 per cent of the most prolific finance researchers in the world over the past 50 years (Heck and Cooley, 2009) and appears regularly in the media as a business commentator. His YouTube channel of finance lectures (professordavidhillier) has attracted nearly half a million views worldwide. This European edition is originally based on the Corporate Finance text by Stephen A. Ross, Randolph W. Westerfield, Jeffrey F. Jaffe, and Bradford D. Jordan.
AI Overview
The book "Corporate Finance 5e" by David Hillier is a comprehensive textbook in the field of corporate finance, designed for students and professionals. Here is a detailed overview of the book:
Key Themes
- Applied Approach: The book takes an applied approach, focusing on practical applications of corporate finance concepts rather than just theoretical knowledge.
- International Perspective: It provides an international perspective on all areas of corporate finance, addressing global trends and regulatory changes.
- Current Trends: The book covers current trends such as the integrated nature of global supply chains, financial risk management, and the impact of FinTech, climate, and geopolitics on corporate finance.
- Global Coronavirus Pandemic: It also discusses the questions brought about by the global coronavirus pandemic and looks to the future of the industry.
Plot Summary
The book is structured into several parts, each covering a specific aspect of corporate finance:
Part I: Overview
- Introduction to Corporate Finance: An introductory chapter that sets the stage for the rest of the book.
Part II: Capital Structure
- Capital Structure: Basic Concepts: Explains the fundamental concepts of capital structure, including debt and equity.
- Capital Structure: Limits to the Use of Debt: Discusses the limitations and risks associated with using debt in capital structure.
Part III: Valuation and Capital Budgeting
- Valuation and Capital Budgeting for the Levered Firm: Focuses on valuation techniques and capital budgeting for firms with debt.
Part IV: Dividends and Other Payouts
- Dividends and Other Payouts: Covers dividend policies and other payout strategies.
Part V: Options, Futures, and Corporate Finance
- Options and Corporate Finance: Explains the role of options in corporate finance, including extensions and applications.
- Warrants and Convertibles: Discusses warrants and convertibles as financial instruments.
- Financial Risk Management with Derivatives: Covers financial risk management using derivatives.
Part VI: Financial Planning and Short Term Finance
- Short Term Finance and Planning: Focuses on short-term financial planning and management.
- Short Term Capital Management: Covers strategies for managing short-term capital.
Part VII: Special Topics
- Mergers and Acquisitions: Discusses mergers and acquisitions as strategic financial decisions.
- Financial Distress: Examines the financial implications of distress in corporations.
- International Corporate Finance: Covers international aspects of corporate finance, including global financial markets and regulations.
Critical Reception
While specific reviews are not provided in the sources, the book is widely recognized for its comprehensive coverage of corporate finance topics. It is praised for its clear, user-friendly style, making it accessible to both students and professionals.
Format and Availability
The book is available in various formats, including paperback and e-book. The e-book version offers built-in study tools, read-aloud functionality, offline access, and global search capabilities.
Edition Details
The book is the fifth edition, published in 2024 by McGraw-Hill Education (UK) for the European, Middle East, and Africa markets. It has 896 pages and is available in English.