Fundamentals of Corporate Finance

Fundamentals of Corporate Finance 8e combines an applied introduction of concepts, with a clear and strong focus on learning outcomes.Based on the principle that students' understanding of corporate finance should be developed in terms of a few integrated and powerful ideas, it has 3 basic themes at its core:

1. An emphasis on intuition: It separates and explains key principles on a common-sense, intuitive level before launching into specifics. The intuitive organisation of chapters also means that traditionally more-difficult topics arise as a natural extension to the work that has gone before.

2. A unified valuation approach: Net present value (NPV) is treated as the basic concept underlying corporate finance.

3. A managerial focus: It emphasises the role of the financial manager as a decision maker, and the need for managerial input and judgement is stressed.

Up-to-date examples and cases in all chapters make the 8th edition a comprehensive manual of applied financial management, covering financial hot topics and focus areas, as well as a historic overview of developments in (and lessons learned from) equity and debt markets.Cases from well-known ANZ and international companies show how recognisable organisations put corporate finance into practice, and how real-world events such as the COVID-19 pandemic affect some of their corporate finance decisions.This new edition is even more flexible than its predecessors, offering flexibility of coverage to unit coordinators in designing their courses.