Corporate Finance Europe

Description:
'Corporate Finance Europe' is the only text which is focused specifically on European financial management, and is suitable for first-year undergraduates in Accounting and Finance, MBA's in Finance/Financial Management and those taking finance modules in European business courses. The text covers topics such as European equity markets, European company regulations, European corporate reporting and tax systems, value and capital budgeting, risk, capital structure and dividend policy, long and short term finance, mergers and acquisitions, and corporate finance in the context of the European union.

Table of Contents:
PART I: Overview; 1. Foundation to European Corporate Finance; 2. Introduction to Corporate Finance; 3. Accounting Statements and Cash Flow; PART II: Value and Capital Budgeting; 4. Financial Markets and Net Present Value: First Principles of Finance; 5. Net Present Value; 6. How to Value Bonds and Shares; 7. Some Other Investment Rules; 8. Net Present Value and Capital Budgeting; 9. Strategy and Analysis in Using Net Present Value; PART III: Risk; 10.Capital Market Theory: An Overview; 11.Return and Risk: The Capital-Asset Pricing Model (CAPM); 12.An Alternative View of Risk and Return: The Arbitrage Pricing Theory; 13. Risk, Return and Capital Budgeting; PART IV: Capital Structure and Dividend Policy; 14. Corporate Financing Decisions and Efficent Capital Markets; 15. Long-Term Financing: An Introduction; 16. Capital Stucture: Basic Concepts; 17. Capital Structure: Limits to the Use of Debt; 18. Valuation and Capital Budgeting for the Levered Firm; 19. Dividend Policy: Why Does it Matter? PART V: Long Term Financing; 20. Issuing Equity Securities to the Public; 21. Long Term Debt; 22. Options and Corporate Finance; 23. Warrants and Convetibles; 24. Leasing; PART VI: Financial Planning, Short-Term Finance and Working Capital Management; 25. Corporate Financial Models and Long-Term Planning; 26. Short-Term Finance and Planning; 27. Credit Management; PART VII: Special Topics; 28. Mergers and Acquisitions; 29. International Corporate Finance and Derivative Securities; 30. The Road to Economic and Monetary Union; Appendix A Mathematical Tables; Appendix B Selected Answers to End-of-Chapter Problems; Glossary; Subject Index

Author Biography:
Stephen Ross is presently the Franco Modigliani Professor of Finance and Economics at the Sloan School of Management, Massachusetts Institute of Technology. One of the most widely published authors in finance and economics, Professor Ross is recognized for his work in developing the Arbitrage Pricing Theory and his substantial contributions to the discipline through his research in signaling, agency theory, option pricing, and the theory of the term structure of interest rates, among other topics. A past president of the American Finance Association, he currently serves as an associate editor of several academic and practitioner journals. He is a trustee of CalTech, a director of the College Retirement Equity Fund (CREF), and Freddie Mac. He is also the co-chairman of Roll and Ross Asset Management Corporation. Randoloph W. Westerfield is Dean of the Marshall School of Business at University of Southern California and holder of the Robert R. Dockson Dean's Chair of Business Administration. From 1988 to 1993, Professor Westerfield served as the chairman of the School's finance and business economics department and the Charles B. Thornton Professor of Finance. He came to USC from The Wharton School, University of Pennsylvania, where he was the chairman of the finance department and member of the finance faculty for 20 years. His areas of expertise include corporate financial policy, investment management and analysis, mergers and acquisitions, and stock market price behavior. Professor Westerfield has served as a member of the Continental Bank trust committee, supervising all activities of the trust department. He has been consultant to a number of corporations, including AT&T, Mobil Oil and Pacific Enterprises, as well as to the United Nations, the U.S. Department of Justice and Labor, and the State of California.